Wolf Retirement Navigation LLC - September 2019



4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224

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

As seen on:

September 2019

Be Prepared!

Hurricane Risks and Retirement Planning

H urricane season lasts from June 1 to November 30 on a yearly basis, but it peaks in mid-August to late October. Here in northeastern Florida, we were fortunate to enjoy a long streak of relatively calm hurricane seasons, and many folks in the area stopped worrying about hurricanes altogether. Then Hurricanes Matthew and Irma raged through, and we were all reminded just how damaging these storms can be. In 2005, I moved to Florida from the Washington D.C. Metro area, narrowly missing the rough hurricane season of 2004. Prior to Hurricane Matthew, the last major one I experienced was Hurricane Hugo in 1989, when my family was living in North Carolina. After moving to Florida, I made it a point to always plan ahead for hurricane season. Even if a storm doesn’t hit our neck of the woods one year, that doesn’t mean it never will. It’s far better to plan ahead while enjoying sunny skies all year long than it is to find yourself caught in a storm unprepared. This is the same advice I give people when it comes to retirement planning. When planning for hurricane season, the first step is to assess your risks. Do you have enough energy sources, food, and water? Are you prepared to evacuate on 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

short notice? Does the local emergency shelter accept pets? These are questions that need answers before the next big storm hits. Retirement planning follows the same strategy. Are you taking too much risk in the stock market? Will your income plan keep you from running out of money? Do you know how to avoid paying excessive taxes? Of all the retirement risks, taxes tend to catch people off guard the most. This is wild because when it comes to excessive taxes, the question isn’t “if” but “when” they will come. Politicians always claim they won’t raise taxes, but these promises are rarely the whole story. My opinion is that the current President and Senate will do everything to maintain existing tax rates now; however, they are currently targeting tax law provision changes that potentially increase your taxes, i.e., the SECURE Act. In addition, future Presidents and Congress may implement high-cost, campaign-promised programs and thus be forced to raise taxes on us taxpayers in order to pay for Social Security, Medicare, Medicaid, interest on the debt, and the rest of the Fed’s $4 trillion-plus deficit, where we are borrowing close to $1 trillion per year with no end in sight. There are not enough high-income or 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.

corporate taxpayers to foot this bill. Likewise, there are not enough budget cuts that could be made to close the gap. Federal tax increases are all but inevitable, and if you aren’t ready, they can be a nasty surprise in your retirement. Fortunately, there are plenty of strategies we can use to reduce your taxes and maintain your retirement goals and lifestyle, but you need to start planning now. Think tax-free assets like Roth IRAs and life insurance. Floridians are well aware of the hurricane risks that come with living here, and we take care to prepare for those risks. Make it a priority to learn and understand your retirement risks, too, so together we can prepare for whatever the future may bring. -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.

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A ccording to the Bureau of Labor Statistics, upward of 40% of people aged 55 and older are continuing to work past the normal retirement age. There are a number of reasons why people are choosing to stay employed, with one of the biggest being a lack of retirement funds, but some are also using work to keep their minds and skills sharp. In fact, most of the jobs that the 55-plus crowd goes after keep them engaged with the community and help them lead more active lives.

• Technical writers • Tax preparers • Construction/building inspectors • Crossing guards • Clergy These seven jobs are projected to grow between 8–14% over the next six years according to BLS data. They often pay well and don’t always require a full-time commitment. Many even offer flexible schedules, which can help older workers spend more time with peers or loved ones. This balance is exactly what many older workers are looking for, especially those who are “part-time retired.” More importantly, however, most older workers find these jobs fulfilling. They allow older folks to interact with the

community and stay active, both of which, research suggests, are essential to healthy living as people age. For many, working past retirement, or not leaving the workforce entirely, can be a win-win-win: It’s a win for your bank account, a win for your health, and a win for the community.

The BLS categorized the jobs many older workers are currently pursuing:

• Real estate appraisers/assessors • Property/real estate/community association managers


New Reality in Our Retirement Educational Workshop When: Thursdays, September 12 and 19, 2019 or November 7 and 14, 2019 Where: University of North Florida The number one concern we hear from baby boomers in retirement is “I don’t want to run out of money!” New Reality in Our Retirement is an adult education class that covers potential financial threats, now and in the future, and provides attendants the knowledge they need to build a successful retirement. This is a two-day course with morning and evening times to suit your schedule. Register today and learn the secrets to a stress-free retirement! All clients, friends, and prospective clients are encouraged to attend.

1st Annual Wine Down With WRN When: Wednesday, September 18, 2019 5:30–7:30 p.m. Where: Jacksonville office — 2nd-floor Kara Joseph, certified sommelier and founder of Wine Inspired, wants to guide you through the art of food and wine pairings. She will provide you tastes of wines from all around the world. Each wine you taste will be thoughtfully paired with a cheese. As you drink and eat throughout the evening, the nuances of each pairing will surely come alive. Join us for this enjoyable event to learn about wine, pairings, and to expand your palate like never before. This is a client-only appreciation event. Please feel free to invite your friends and family as we will also celebrate Adam’s Everest hike and you, our valued clients. Please RSVP by Monday, September 16, 2019.

To register for any of these events, call the office today at 904-232-8760.

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2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

Were You Affected by the Equifax Breach? You Could Be Eligible for Cash!

In September 2017, Equifax, one of the largest credit bureaus in the United States, announced it had suffered a massive data breach. Over 147 million Americans had their personal data compromised as a result. This past summer, the Federal Trade Commission announced that Equifax has agreed to pay at least $575 million and up to $700 million to help compensate victims. If you were negatively impacted by the Equifax breach, submit your claim now at EquifaxBreachSettlement.com .

There are three different benefits being offered to victims who had their data stolen by hackers. 1 . Free credit monitoring or up to $125 cash payment 2. Other cash payments — Certain remedying fraud, out-of-pocket losses, and up to 25% of the cost of Equifax credit or identity monitoring purchases prior to the breach 3. Free identity restoration services It takes just a few minutes to file your claim, but first make sure you have the right supporting documents. These documents include: • Costs, expenses, and losses due to identity theft • Costs for freezing or unfreezing your credit report on or after 9/7/2017 • Credit monitoring purchased after the data breach • Professional fees paid to address identity theft victims may be eligible for cash payments to cover time spent

• Other expenses such as notary,

fax, postage, copying, mileage, and long-distance telephone charges

Watch Out for Fake Settlement Sites Scammers are again looking to use the Equifax breach to their advantage. Many fake settlement sites have appeared online, hoping to steal even more personal data from unsuspecting victims. When you file your claim, make sure you are at the official website EquifaxBreachSettlement.com . There have been many news stories over the last few weeks warning people that they may not get the full $125 being offered by Equifax. While this may be true, we at Wolf Retirement Navigation encourage you to still file a claim if you were hurt by the breach. The damage done by this breach was substantial, and victims deserve every cent they can get.


What do you do when apples are in season but you don’t have time to make a pie? You opt for a crisp, of course.


Filling: • 5 lbs Granny Smith apples, peeled, cored, and chopped • 1/4 cup pecans, finely chopped • 3 tbsp all-purpose flour

Topping: • 3/4 cup all-purpose flour • 1/3 cup brown sugar • 1/4 tsp ground cinnamon • 1/4 tsp salt

• 2 tbsp maple syrup • 1 tbsp lemon juice

• 6 tbsp chilled butter, cut into pieces • 1/4 cup pecans, coarsely chopped


1. Heat oven to 350 F. 2. In a mixing bowl, mix all filling ingredients together. Transfer to individual serving ramekins. 3. In a different mixing bowl, combine flour, sugar, cinnamon, and salt for

the topping. Mix in butter until it forms lumps roughly the size of a pea, then stir in pecans. Sprinkle topping over filling. 4. Bake for 35–40 minutes, let stand for 10 minutes, and serve.

Answer on Page 4

2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

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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

• Are You Ready for the Next Storm? PAGE 1

• Why Are So Many People Deciding Not to Retire? PAGE 2

• Save the Date! PAGE 2

• Equifax Ordered to Pay Up After Breach PAGE 3

• Classic Apple Crisp PAGE 3

• The Vibrant Colors of America’s National Parks PAGE 4

The Best National Parks to Visit This Fall Have you ever wanted to experience the

Tips forYourTripBack inTime

Mountain, the highest point along the North Atlantic seaboard, and watch the sun crest over the vibrant leaves. To fully experience fall in the Northeastern U.S., Acadia National Park is a must-see. Great Smoky Mountains National Park, Tennessee and North Carolina Further south, the autumn colors of the Smoky Mountains are no less breathtaking than those in the Northeast. This park offers many scenic lookout points accessible by car, so don’t worry about hoofing it into the forest if that’s not your thing. Park wherever you like and watch the warm colors of ancient maples, oaks, and cedars change before your eyes. Grand Teton National Park, Wyoming While the West might typically be associated with evergreen pines, the

colors of a Boston fall while enjoying the peace and tranquility of the great outdoors? Autumn leaves are a universally appreciated sign of the changing seasons, and there’s no better place to see those vibrant yellows, oranges, and reds on display than in one of America’s national parks. So, if you’ve got some free time this autumn, here are some parks worth seeing. Acadia National Park, Maine While the maple, birch, and poplar trees of Acadia begin to change color in September, mid-October is the best time to witness autumn in full swing. The park is crisscrossed with unpaved trails that date back to a time of horse- drawn carriages, preserving an idyllic setting. If you want to see the colors in full effect, take a drive to the top of Cadillac

deciduous trees of the relatively small Grand Teton National Park pack a colorful punch starting around the third week of September. It’s also breeding season for elk in the area, and their high, eerie whistles can be heard in the evenings. Popular destinations in the park include the Christian Pond Loop and String Lake. Just because the weather is cooling down doesn’t mean you have to abandon your favorite national parks until next summer. The natural beauty of America can be experienced at any time of the year, so start planning your next autumn outdoor excursion!

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