Wolf Retirement Navigation July 2019



4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224

4711 US Highway 17, Suite C-5 Fleming Island, FL 32003

As seen on:

July 2019

The Next Summer Vacation Enjoying the Moment and Planning for the Future

T his month, I’m happy to report that my daughter Isabella has been having a great summer. She wrapped up kindergarten at the end of May. For the past few weeks, she’s been attending a summer day camp that she loves. Like most kids, she’s also really looking forward to celebrating the Fourth of July. We don’t leave town during the Fourth. The lines at the airport are long, and the traffic is too crazy. Instead, we spend the day on the beach and at the pool. There’s always a wonderful fireworks show; and afterwards, we light some sparklers. It’s a good time that always reminds me of what summer vacation felt like when I was a kid myself.

One thing no one ever tells you about being an adult is that summertime becomes less special. Once you’re out of school and in your career, there’s no more “summer” vacation. Sure, summer is a great time to go on vacation, but those long, lazy weeks of sleeping in or playing outside until the street lamps come on are gone forever. When you’re an adult, retirement becomes the new summer vacation. Part of what I enjoy about being a retirement planner is getting to hear about the plans my clients have for their retirement years. They travel all over, move closer to their families, or get active with the charitable causes they care about. It’s a privilege to be a part of helping those goals become a reality. The first part of 2019 has been pretty volatile in terms of the market, but reaching the midway point in the year gives us some energy and focus to take charge of the rest of the year. Going into the second half of 2019, I’ve been thinking about how we can better empower our clients to take control of their futures. I’m really excited to be launching new and complimentary workshops for our clients and their friends. These educational workshops professional before making any investment decision. This information is designed to provide general information on the subjects covered; it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Wolf Retirement Navigation LLC and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

will focus on presenting updated news and strategies to protect, grow, and save retirees’ money during their retirement years. Everyone has a vision for what his or her retirement life will look like. Knowing how to protect one’s finances is crucial to realizing those retirement dreams. an eye out for updates in upcoming editions of the newsletter, weekly email, or give our office a call and ask to be notified. Unlike when you were a kid, a great retirement takes a bit more planning than summer vacations. By working with so many great clients, I’ve learned that enjoying retirement isn’t always as difficult as people fear. It’s possible to work hard, plan and save for retirement, and still have time to watch fireworks on the beach with your family. If you are interested in attending one of our new educational workshops, keep

Part of what I enjoy about being a retirement planner is getting to hear about the plans my clients have for their retirement years. “

Here’s to a great summer, a strong close to 2019, and a happy Fourth of July!

-Adam Wolf, CPA, CFP ®

Investment Advisory Services offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Wolf Retirement Navigation LLC and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams, refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors.

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T he bulk of retirement planning is spent discussing how you will save money in the years leading up to the end of your career, but that’s only half of the picture. Once you enter retirement, your focus shifts to the smartest way to divest your money for both your own enjoyment and your continued financial security. There are countless ways to wisely spend your nest egg, such as taking trips, providing for the education of your grandchildren, and more. However, this article isn’t about good ideas. Instead, let’s talk about some of the worst ways to spend your retirement funds.

vacationing options. In a world where you can book an Airbnb with just a few clicks, timeshares are poised to become a relic of a past age. Online Scams Hackers and cyberscammers love to prey on the elderly. As gross as it may sound, they know that older generations tend to be less tech savvy than their younger counterparts. You should be wary of online offers that look too good to be true. If you have even the slightest doubt, have a loved one take a look at the offer to ensure you’re not being scammed. Never provide your private financial data to a source you don’t absolutely trust. Tchotchkes Many of us have walked into the house of an older relative to find a room full of American Girl dolls or a display case of Candlewick glassware. Collecting can be a rewarding hobby when done in Mountains challenges participants to hike the distance of Mount Everest, 29.9 miles. Adam will have 36 hours to climb the summit of Snowbasin 13 times in order to conquer a distance equal to climbing Everest. Support Adam’s climb and the kids in our community by signing up to donate to JaxPAL. Visit https://wolfretirement.com/ everest to join the cause. 2. Join the raffle! We’re putting on an old-fashioned raffle! Buy your tickets and be entered to win some great prizes, like an Aprons Cooking School class for two or tickets to the Jacksonville Symphony. Proceeds from the raffle directly support all of JaxPAL’s amazing programs. Check out all the prizes and claim your raffle tickets at https://wolfretirement.com/ everest.

moderation, but amassing junk simply for its own sake is a waste of money and space. Make sure you’re acquiring objects because you truly want to treasure them. Rushed Relocations In general, real estate-based purchases can be extremely beneficial for retirees. The exception to this rule is a spur-of-the- moment relocation in order to be closer to your family or a retirement community. Because real estate transactions are so expensive, it’s best to approach them with extreme care and due diligence.

Timeshares The appeal of a timeshare seems

obvious. It’s a space of your own for a few weeks of the year, and you get to enjoy a nice change of pace from your regular environment. The problem is that these properties are full of hidden costs and have been outpaced by other


Help WRN Support JaxPAL This Summer

Businesses do not exist in a vacuum. They’re part of a community; and at Wolf Retirement Navigation, we believe in giving back to our community. This is why we are proud to support the Police Athletic League of Jacksonville (JaxPAL). This amazing program provides a safe place for over 4,700 at-risk youths in our community through after-school and outreach programs, summer camps, and leadership development courses. JaxPAL does so much for our community, and we want to make sure they are able to continue their good work all year long. This summer, we’re raising funds to support JaxPAL, and we are extending an invitation to all our readers to join us. There are two ways you can help us support JaxPAL. 1. Make Adam climb a mountain! Adam Wolf will be participating in “29029 Everest” at Snowbasin Resort, Utah. This incredible endurance event in the Wasatch

Thank you to everyone who has helped us support JaxPAL already. We truly believe in this program and the difference it can make for these special kids in our own neighboring communities.

Learn more about JaxPAL and the good work they do every day at JaxPAL.com .

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2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

Navigate Your Dream Retirement

Strategies to Protect Your Savings and Your Future

Have you heard about the retired couple who has traveled on more than 100 cruises? Judy and James Franklin made headlines this past spring when the story of their many adventures on the high seas went viral on the Internet. Not all of these cruises were in retirement, mind you. They’ve been spread out over 56 years of marriage. But today, these active retirees enjoy six to 10 cruises a year, often accompanied by some of their children, grandchildren, or great- grandchildren. The Franklins, who are 73 and 76 years old, are proving that it’s possible to live that dream retirement, whether the dream is sailing the world, embracing the RV lifestyle, spending time with the grandkids, or growing old in the home a couple has built together. Ten cruises a year isn’t everyone’s idea of fun, which is why there’s no “one size fits all” strategy in retirement planning.

It’s also important to discuss your risk tolerance with your spouse. The Franklins are able to enjoy their exciting retirement lifestyle because they are on the same page and in agreement when it comes to their finances. Married couples should be planning their retirement together to make sure their plans and strategies are complementary to each other. The last thing anyone wants to do in retirement is to be forced to go back to work in order to supplement their income. It’s a little hard to hop on a cruise ship or spend Thanksgiving with the grandkids out of town when you’re working a nine-to-five again. Learn more about risk tolerance and the strategies necessary to implement in order to avoid running out of money in retirement by calling 904-232-8760. The professionals at Wolf Retirement Navigation are looking forward to helping you realize your dream retirement, whether that dream is on the high seas or in your own backyard.

the first step is assessing risk. How much can you afford to lose? How much risk is too much? Why take more risk than you need to meet your goals? As a general rule of thumb, if you can sleep at night without worrying about the stock market, you’re probably doing fine in the risk department. However, bear in mind that time is not on our side during the retirement years. Age plays a huge role in risk tolerance, as does the stage of life you’re in.

When it comes to realizing your retirement goals and lifestyle choices,


The main course on the Fourth of July almost always works with paleo diets, but that isn’t always the case with sides and appetizers. This salad offers a great way to enjoy some paleo fare without having to resort to only eating grilled meats.


• 1 small shallot, thinly sliced • 4–5 medium tomatoes, preferably heirloom, seeded and cut into wedges • 6–10 medium basil leaves, cut into ribbons

• 1 tbsp aged balsamic vinegar • 1 tbsp extra-virgin olive oil • Salt and pepper, to taste


1. Place shallots in balsamic vinegar for 15 minutes. Drain and pat dry using paper towels. 2. Assemble tomatoes on a plate, top with basil and shallots, and season with salt and pepper.

3. Drizzle olive oil over top of salad and serve immediately.

Answer on Page 4

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904-232-8760 www.wolfretirement.com 4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224


Solution to puzzle on Page 3

• Get Ready for the End of 2019 PAGE 1

• The Worst Retirement Spending Decisions PAGE 2 • Make Adam Climb a Mountain! PAGE 2 • Would You Go on 100 Cruises? PAGE 3

• Paleo Tomato Basil Salad PAGE 3

• Avoid the Summer Heat Somewhere Cool PAGE 4

Chill Out

Relax in These Cool Destinations This Summer

Tips forYourTripBack inTime

Norway Just because it’s summer doesn’t mean you have to give up your skiing hobby! Venture off to Norway and experience some of their most popular summer ski resorts. After a day or two shredding the slopes, experience the popular Norwegian Opera and Ballet in Oslo or choose between numerous outdoor and indoor exhibitions. Best of all, you won’t even break a sweat, as the average temperature in Norway’s hottest month barely hits 70 degrees F. Bordering Sweden and northern Finland, Norway can even be the beginning to a cool European tour this summer.

As the scorching summer sun beats down, it’s hard to remember that just six months ago you were shivering through the winter, whether that meant a chilly 50 degrees F or bitter subzero temperatures. But if cooler temps sound like paradise, and a dip in the pool is no longer keeping you cool, it might be time to take a vacation somewhere chilly. Check out these three destinations to avoid the summer heat. Alaska No place says chilly quite like Alaska. Trips to Alaska can be expensive during this time of year, but when you step into that crisp air with a cool mountainous view, you’ll understand why it’s a popular summer voyage. Travelers can choose to fly or take a cruise ship, and many cities feature tourism-packed excursions. A few

notable locations include Anchorage, the Kenai National Wildlife Refuge, and Denali National Park and Preserve. Iceland Just as its name suggests, Iceland can be the perfect destination for travelers yearning to get away from the unbearable summer heat. With temperatures rarely exceeding 60 degrees F — the average high for the country — packing is easy for this relaxing vacation. Take a relaxing dip in one of the country’s many hot springs or enjoy tremendous views of the fjords. Even better, you can tour the country at any time because it’s sunny almost 24 hours a day. What could be better than a midnight hike around the fourth happiest country in the world?

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