Patriot Wealth - April 2020

APRIL 2020

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CHEERS, RALEIGH!

CELEBRATING THE GROWING CRAFT BREWERY SCENE IN OUR CITY

If you have lived in Raleigh long enough, then you know there are three things about our city that are undeniably true. For starters, the Tar Heels reign supreme. There’s no other team we would rather root for throughout March Madness — or any sporting event for that matter. Secondly, you’re going to run into someone who didn’t grow up here, no matter where you go. Raleigh is a booming city, and with new people flocking here every day, there’s always a chance you’re going to meet someone who has adopted North Carolina as home. Finally, the craft beer scene in Raleigh is one of the best in the world, and that’s not just my opinion! Raleigh was named the sixth best beer destination in the world, followed by Berlin, Atlanta, New Orleans, Los Angeles, and Austin. If you have ever had a chance to check out one of our many breweries, you know this ranking is no fluke. I’m not a heavy drinker by any means, but I do enjoy having a beer or two with friends at a local brewery or taphouse. Of course, Raleigh Brewing Company tops my list as a favorite

spot. In fact, my wife and I are planning our son’s first birthday party at this spot! A first birthday party is more for the adults anyway. Lonerider Brewing Company is another great spot, and I enjoy stopping into Bond Brothers Beer Company or Fortnight Brewing Company, too. I always want to support other small businesses in our community. It’s neat when you have a small business that starts with a brew or two and then grows into a full operation in our community. They become local mainstays, and anything we can do to support that is worth our time and money. Plus, these taphouses become a hub for meeting and engaging with new people. As I mentioned, many people are moving to Raleigh from across the country, and it’s easy to meet someone new at a local brewery, and being able to share a glass or two of locally made beer makes it even better. If you’re a fan of craft beer and supporting local small businesses, you have to check out Brewgaloo 2020. Held at the end of April each

year, Brewgaloo welcomes more than 110 craft breweries from across North Carolina! The festival is the largest craft beer festival in the state — and the second largest festival of its kind in the country — and we’re lucky enough to have it right in our backyard. Last year, 40,000 people made it out to the event. I’ve been to Brewgaloo in the past, and it’s a pretty great experience. If you have a chance, I recommend buying tickets now and checking it out. (You could also volunteer if you want to get involved!) I’m proud to live in Raleigh, and the local color that makes this city great continues to flourish. If you’re looking for a second act in your retirement, I don’t think you can go wrong with working in a local brewery. It’s a chance to get to know some of the locals, get you involved in your community, and, as a bonus, you have a front-row seat to the sixth-greatest brewery scene in the world. How’s that for a retirement plan?

Cheers,

–Wes White

These articles are designed to provide general information on the subjects covered. They are 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 Patriot Wealth and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney. Investment Advisory Services is offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Patriot Wealth 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 professional before making any investment decision.

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A GOLDEN OPPORTUNITY IN YOUR GOLDEN YEARS 3 TIPS FOR CHANGING CAREERS LATER IN LIFE

SEEK GUIDANCE

It’s 6 a.m. on Monday morning, and your alarm clock blares in your face. You groan and, with the thought of another week looming over you, pull yourself out of bed. But the early wake-up call is the least of your worries. Another week has begun, and you’re still stuck in a job that you no longer love or maybe never did. Does this sound familiar? If so, you may believe changing careers isn’t worth the hassle, especially if you’re close to retirement, but here’s the secret: It’s not too late! There’s nothing stopping you from finding a career you love later in life. Here are three tips to get you started.

it’s like. Job searching can be exhausting, and some job requirements can look overwhelming. But getting stuck in your ways and focusing on the things you cannot do will only hinder your ability to find a job you actually love. Instead, take a deep breath and be open to what comes. You may discover a hidden talent or passion! Money matters, but it shouldn’t be your first priority on the job hunt. Instead, consider what’s going to make you the happiest. What’s your dream job? What have you always enjoyed doing? If money wasn’t an option, what would you be doing right now instead of counting down the hours to 5 p.m.? Be realistic in your goals and find something you love. FORGET THE MONEY

Remember, you’re not alone in this fight! Plenty of people switch careers midway through their lives to focus on something they really enjoy. Seek guidance from those who have had a similar experience and look to professional job hunters or consultants for help. Furthermore, after years in the same job or industry, you’re bound to have made a few connections. Reach out for professional support. Regardless of what path you choose, remember that a career you enjoy is always possible. We can’t promise that you’ll love getting up at 6 a.m., but at least you won’t dread what comes next.

BE FLEXIBLE

If it’s been a while since you’ve hunted for a job, then you may have forgotten what

THINKING AHEAD SAVING FOR COLLEGE AND THE FUTURE

Retirement is the start of your golden years. It’s all about enjoying some much-deserved relaxation and soaking up every moment you can. But it’s also a great time to consider your family’s future. Many parents and grandparents want to provide their children and grandchildren with more opportunities, and one of the many ways to do that is to save for their future. In this age of rising tuition

grandchildren’s futures — regardless of whether it’s for college or not — can be the best choice. Our team can help you establish parameters for spending and access to the trust to protect your money for its intended use. You can also place someone in charge of the trust, who will then be able to make determinations based on your family’s needs. College is a great option for many young adults, but there are those who choose to enter the career field after high school. This is still a viable option, and the creation of a trust helps protect and serve your family without the limitations of a 529 plan. However, 529 plans also offer tax-free incentives that may be the best option for your family. The bottom line is that saving for your children and grandchildren’s futures can be very simple, and you don’t have to save a small fortune to make it beneficial. There are options that will be the best fit for your family — and our team can help you find it. Give our team a call to get started.

costs, a plan for higher-education savings can be one of the best gifts you give your family.

A simple way to save for your family’s future is through a Section 529 Educational Savings Plan. The biggest benefit of a 529 plan is that it grows tax-free, and your grandchildren can use the money without getting taxed if the contributions go toward higher education costs. If the money is used for other costs, it does incur a small tax. This makes 529 plans ideal for smaller contributions and savings.

If you’re planning to save quite a chunk of change, a trust designed to put money aside for your children and

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NORTH CAROLINA’S BASEBALL HISTORY ROOT, ROOT, ROOT FOR THE HOME TEAM

Grab your peanuts and Cracker Jacks! Baseball is back. There’s no better way to spend a spring or summer day than catching a game at the local ballpark, and while you’re there, impress your friends and fellow fans with these fun facts about North Carolina’s contribution to baseball.

PASSING TIME IN THE JAIL YARD

Baseball’s origins in North Carolina can be linked all the way back to the Civil War. When Union troops were captured and held at Salisbury Prison, they played the game to pass the time. After the war, the game spread throughout the state, and nearly every town in North Carolina had its own team. College and high school teams dominated, but by the early 20th century, North Carolina became a hub for professional minor league teams. In fact, at one point, only Texas had more minor league teams comprised of players vying for a spot on a major roster. More than 300 major leaguers can call North Carolina their home state, and six of those players have been inducted into the Major League Baseball’s (MLB) Hall of Fame. These include Luke Appling, Rick Ferrell, Jim “Catfish” Hunter, Buck Leonard — who got his start playing in the Negro Leagues — Enos Slaughter, and Hoyt Wilhelm. In addition to these superstars, North Carolina legend Durham Bulls’ fame hit the silver screen with the 1988 movie “Bull Durham.” The movie and North Carolina’s prestige as a minor league state pushed it into the upper echelons of baseball training. Of course, no list of North Carolina sports facts is complete without mentioning our Tar Heels. Last year, our boys were just one win away from back-to-back College World Series appearances, and this year, the team is using that loss as motivation. The Tar Heels have a long storied history of producing championship-winning teams. The college’s first appearance in college baseball’s biggest game came in 1960. The team also became the first and only ACC baseball team in history to boast an undefeated record in conference play in 1964. How’s that for some Tar Heel pride? A HALL OF FAME STATE THE TAR HEELS’ REDEMPTION

EASY DEVILED EGGS

INGREDIENTS

Inspired by TasteOfHome.com.

• 1/2 cup mayonnaise • 2 tbsp milk • 1 tsp dried parsley flakes • 1/2 tsp dill weed • 1/2 tsp fresh chives, minced • 1/2 tsp ground mustard

• Salt, paprika, garlic powder, and pepper, to taste • 2 large eggs, hard-boiled • Fresh parsley, minced, and paprika for garnish

1. In a large bowl, combine mayonnaise, milk, parsley flakes, dill, chives, mustard, salt, paprika, garlic powder, and pepper. Mix well and set aside. 2. Cut eggs lengthwise and remove yolks carefully to preserve egg whites. 3. In a small bowl, mash yolks. 4. Mix mashed yolks with mayonnaise mixture. 5. Spoon or pipe the mixture back into the egg whites. 6. Garnish with fresh parsley and paprika. Refrigerate before serving. DIRECTIONS

For more North Carolina facts, visit NCPedia.org/baseball.

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PATRIOT WEALTH 4350 Lassiter at North Hills Ave. #330 Raleigh, NC 27609 INSIDE THIS ISSUE Enjoying the Growing Local Craft Brewery Scene PAGE 1

PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

PATRIOTWEALTHNC.COM PHONE | 919.322.4113

Finding a Job You Love at Any Age PAGE 2

Help Your Grandchildren With College Savings Plans PAGE 2

Easy Deviled Eggs PAGE 3

A Look Back at How North Carolina Shaped Baseball History PAGE 3

The Best Locations for Spring Blooms PAGE 4

SEE SPRING BLOOM

IN THESE BEAUTIFUL LOCATIONS

CRESTED BUTTE Crested Butte, Colorado, is best known for its winter sports and summer hikes. But recently it has drawn the attention of flower enthusiasts for its unique pink, orange, and gold alpine wildflowers that appear in the spring. This natural phenomenon even inspired the creation of the annual Wildflower Festival in midsummer, which features nature walks, art, photography, culinary experiences, and more. For a truly

Spring is here, which means beautiful flowers are finally showing themselves after a long winter. Here are some of the best places in the U.S. to see flower blossoms and welcome the season. GREAT SMOKY MOUNTAINS The Great Smoky Mountains National Park stretches across North Carolina and Tennessee, and while its scenery is beautiful year-round, the park is especially alluring to nature enthusiasts during the spring. Through this season, miles of lady’s-slipper orchids, irises, cardinal flowers, and lilies dot its lush green landscape. It’s dubbed “Wildflower National Park” throughout this time of year, and you can experience it by car or on foot. The park also offers expert-led tours that weave through the flowers during their peak bloom.

with fields of vibrant orange, yellow, and red poppies in the spring. Warm temperatures and heavy rainfall across Southern California during this time of year create a brief period of thick blooms as far as the eye can see. And while the poppies can be enjoyed from the comfort of your car, the best way to experience them is to walk the leisurely Antelope Loop Trail for a breathtaking, up-close adventure. Spring flora is gorgeous and naturally attracts large crowds of people every year. If you plan to visit any of these destinations, just remember that their ecosystems are delicate. Respect park signs, stay on designated trails, and do your part to make sure these flowers return year after year for

unique experience, you can even ascend the town’s titular Crested Butte to spot some rare alpine sunflowers next to the picturesque West Elk Mountains.

ANTELOPE VALLEY The California Poppy Reserve in

Lancaster, California, is a 1,780-acre park that features sloping hills covered

future generations to enjoy.

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