Wolf Retirement Navigation - May 2020

RET IREMENT NAV IGAT ION

MONTHLY

4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224

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

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May 2020

LOOKING AHEAD What to Do After You’re Knocked Down

T his month, I’d like to start by giving you a peek behind the curtain. I work on my monthly newsletters pretty far in advance, so there’s plenty of time to perfect each edition before it hits your mailbox. Usually, this process works just fine. But then you have a month like we just had, where everything changes.

to adapt to this kind of medically based emergency. A lot of businesses and organizations, including Wolf Retirement Navigation, were able to work remotely, and staff members were able to continue operating from the safety of their homes. As the market suddenly gave its best impersonation of a crazed yo-yo, we acted to protect significant retirement savings by implementing a business-as-usual strategy for our team and partners to work from their homes. In this way, WRN has been fortunate. These last few weeks have also highlighted how, in other ways, we, as a nation, were painfully unprepared to handle the shock of this pandemic. I want to thank wholeheartedly our health care providers for putting their lives on the line to help others. Many of our health care workers are forced to work without personal protective equipment, like masks, because there’s a shortage. Despite this, folks in the medical field are still going to work to help the sick and injured. There would be no chance at recovery from this highly contagious, oftentimes fatal, virus were it not for these brave, selfless individuals. At this point in time, the question I and many others keep coming back to is, “What happens next?” I won’t sugarcoat it, because things are scary and unsettling right now. As I write this, Florida governor 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.

Ron DeSantis has issued a statewide safer-at-home order. But I believe without a doubt that we will get through this together. As Vince Lombardi once said, “It’s not whether you get knocked down; it’s whether you get up.” We’ve been knocked down pretty hard, but we can get back up again. It’s still too early to tell how and when this will all end, but we will get through this. My team and I will continue to watch all federal legislation very closely, as well as the Federal Reserve; the IRS; and the Coronavirus Aid, Relief, and Economic Security (CARES) Act to make sure we’re prepared to help our clients through this crisis to the best of our ability. Whatever happens, we’ll be ready to act. In the meantime, I hope you are all healthy and safe. Wash your hands, practice social distancing, and can’t wait to see you all in person very soon. -Adam Wolf, CPA, CFP ® 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.

We’ve been knocked

down pretty hard, but we can get back up again.

This is the second letter I’ve written for May. The first letter, written a few weeks ago, focused on National Teacher Day, May 5, 2020, and celebrated the teachers and coaches who made an impact in my life. I hope you’ll be able to read that letter in the future. But in these last few weeks, the whole world turned upside down, creating a lot of uncertainty. I’m writing a new letter now, with an important message to my readers. This coronavirus, COVID-19, pandemic was a wake-up call for the whole country. In some ways, the country was prepared 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

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