Wolf Retirement Navigation's online newsletter for October 2018
904-232-8760 www.wolfretirement.com MONTHLY RET IREMENT NAV IGAT ION
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October 2018
It’s the Great Pumpkin, Isabella! The Tricks and Treats of Halloween
Halloween is on its way, and my daughter Isabella is already talking about what she wants to be this year. Her Halloween costumes are way more elaborate than the ones I wore when I was her age. We didn’t have the expensive costumes, so we’d roam the neighborhood dressed as sheet ghosts or werewolves. As a kid, I went trick-or-treating, starting at 5 years old, with my sister and a bunch of other kids every year. I don’t remember my mother or father ever being out there with us; and considering my sister was only four years older than I was, that seems kind of crazy today. But it was the ’80s! Things were a little different and we still had a lot of fun. After trick-or-treating, we spent a lot of time at the church carnival, eating our candy, bobbing for apples, and mostly staying out of trouble. One year, there was a Halloween fair at school and they had a game where you guessed the When I was young, my friends and I spent hours counting every piece of candy we got on Halloween. “ 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 professional before making any investment decision.
number of candy corn kernels in a big glass jar. I guessed the right number and spent the next few hours chowing down on candy corn. Looks like I was destined for a career in numbers, huh? Halloween for my daughter today is pretty different from my childhood Halloween. For one thing, there’s no way on earth we would let her roam around the neighborhood at 5 years old without us! Isabella is also more interested in the costumes than the candy. She loves dressing up for Halloween, but doesn’t like candy as much as her dad does. This is good news because it makes it easier to convince Isabella to give her candy to the Great Pumpkin, a holiday figure made popular by the comic strip Peanuts. After a long and fun night of trick-or- treating, before we send Isabella off to brush her teeth and go to bed, she gets to pick out 10 pieces of candy from her haul. The rest goes to the Great Pumpkin, who will come by to drop off a toy in exchange for candy later that night. It’s kind of like Santa Claus, but the Great Pumpkin doesn’t work for free. This is a great tradition because it keeps Isabella from getting overloaded on chocolate, and it gives me an easy way to get all that candy out of the house quickly, which keeps me from snacking 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.
on sugar for the first two weeks of November.
When I was young, my friends and I spent hours counting every piece of candy we got on Halloween. That’s not a habit most people carry into adulthood when it comes to something far more valuable than candied apples or lollipops: money. Each year, as people gear up for the money-spending holidays that shortly follow Halloween, I remind my clients of the importance of counting their savings. Until you look at all your accounts and crunch the numbers, you’re just guessing. And you really can’t be guessing when planning for your future. Don’t let the unknown “trick” you out of financial security. Make the time to look at your finances before the new year so that you can enjoy the ultimate retirement “treat.” –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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THE REAL COST OF ASSISTED LIVING HIDDEN FEES AND ADDED SERVICES
According to the U.S. Census Bureau, the population of seniors is growing. Projections indicate that 56 million seniors will inhabit the country by 2020 and 74 million by 2030. As the number of seniors increases, so does the need for senior living facilities. While you can still find plenty of traditional nursing homes, assisted living facilities have soared in popularity over the years. While this type of community has many benefits for seniors and their families, it can be difficult to parse exactly what you’ll be paying for. The pricing structure and contract details require careful consideration before you decide on an appropriate facility for your loved one. Prices for assisted living facilities vary significantly. Because they offer a slew of services, you need to be fully aware of what you’re paying for. The base price you are quoted will usually include rent, meals, and activities offered on the premises. When: Thanksgiving Day, Thursday, Nov. 22, 2018; 8:00 a.m. Where: Atlantic Beach Register at TonysTurkeyTrot.com Waking up early on Thanksgiving morning to run a 5K might not sound like the best way to start the holiday, but Tony’s Turkey Trot has become an Atlantic Beach tradition for a reason. Founded by Anne Marie Meduri-Tucker, this run honors her father, Tony Meduri, who suffered from a traumatic brain injury (TBI) after being hit by a drunk driver. Tony Meduri’s TBI Fund aims
Some companies may offer a few additional basic services included in this cost, but as a rule, you can expect that any extra services will increase the price. Add-ons for assisted living services can range from basic hygiene needs to medical costs. If your loved one needs help dressing, you can expect an additional fee. The same goes for medication reminders, escorts to meals, incontinence care, and many more services. On-site activities are usually folded into the base rate, but be
sure of that before signing. Access to a gym, pool, or pharmacy, for example, may incur extra charges. One advantage of the pricing model of assisted living facilities is that you can add services at any time. Many care facilities house seniors of varying health and ability levels. In the event that your loved one needs more services, they are easy to add to your payment package. However, it’s important that you read the terms and conditions detailing any services you decide to include. Otherwise, you may end up paying for a service your loved one doesn’t need. The most important piece of advice when it comes to the hidden costs of assisted living is to read your contract thoroughly. You can also consult an estate planning or elder law attorney to ensure that you’re fully aware of all charges and possible future costs.
MARK YOUR CALENDARS!
year as participants in and sponsors of Tony’s Turkey Trot. Adam has family members who have endured TBIs. This is a cause near and dear to our hearts. Thanksgiving is a perfect time to give back, and Wolf Retirement Navigation is proud to be part of this amazing event. There is still time to sign up for Tony’s Turkey Trot and race for top prizes or enjoy a leisurely pace and walk the beautiful course with your family. The kids are also invited to participate in a 1-mile fun run. After the races, hang
out with your fellow runners and enjoy food and smoothies from local vendors, face painting, and bounce houses for the kids! This is an incredible event in support of an important cause. Plus, once you’re done, you’ll be
to raise awareness for the thousands of Floridians who suffer from a TBI every year. The team at Wolf Retirement Navigation is there bright and early every
Join the WRN Team and sign up today at TonysTurkeyTrot.com . Register before Oct. 24, 2018, to take advantage of discounted entry fees.
able to say you earned that second piece of pie after Thanksgiving dinner.
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Score Your Retirement Touchdown Learn to Survive the Retirement Red Zone
Football season is in full swing, and during a game, there’s nothing more thrilling than seeing your team reach the red zone. At this point, you’re on the edge of your seat because every move counts. Even though we know how important the red zone is in football, too many people decide to go into autopilot when they reach the red zone of their own lives. The “Retirement Red Zone” refers to the five years before and after a person
One way to achieve this is to evaluate what your living expenses will be in retirement and start living within those means. Examine this “budget” every six months and make changes as needed. If the market shifts or you have any unexpected life events, you’ll be able to see how your retirement lifestyle would be impacted before you leave the workforce.
enters retirement. During this time, financial plans are extremely vulnerable to negative changes in the market. If a great retirement is a touchdown, then what you do in the Retirement Red Zone really matters.
The best football teams have great coaches with the right playbook. Talk to a financial advisor who specializes in retirement to evaluate your portfolio, make necessary adjustments, and score a touchdown in retirement. Learn how to survive the Retirement Red Zone with help from the experts at Wolf Retirement Navigation by calling 904-232-8760. Don’t wait until you’re in the last second to start trying to win the game.
Most of our lives are spent dealing with day-to-day necessities. We pay our
mortgage, take care of the kids, hold down a job — and it’s hard to imagine what our lives will look like in 10 or 20 years. But once you’re within striking distance of retirement, it’s time to rethink how you play the game.
SUDOKU
This meal-in-a-glass smoothie will cure your craving for a pumpkin spice latte. It’s packed with nutrients and fall flavor. If you’re the type of person who uses your blender more than your pots and pans, you’ll definitely want to add this recipe to your rotation.
INGREDIENTS
• 1 cup coconut milk • 1/4 cup organic pumpkin purée • 2 teaspoons pumpkin pie
• 1 frozen banana, sliced • 1 cup ice
spice (or substitute with cinnamon and ginger)
DIRECTIONS
1. In a blender, combine all ingredients. 2. Blend on high or on smoothie setting until smooth. 3. Transfer to a cold glass, garnish with pumpkin pie spice, and serve.
Answer on page 4
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PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
904-232-8760 www.wolfretirement.com 4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224
INSIDE
Solution to puzzle on page 3
• What Will You Be for Halloween? PAGE 1
• Hidden Costs of Assisted Living PAGE 2
• Want to Run a 5K on Thanksgiving? PAGE 2
• What You Need to Know About the Retirement Red Zone PAGE 3
• Paleo Pumpkin Coconut Smoothie PAGE 3
• The Birthplace of Halloween PAGE 4
THE REAL HALLOWEEN TOWN
County Meath, Ireland, Where Halloween Began
Tips forYourTripBack inTime
Fans of Halloween don’t need to look far to find somewhere to celebrate their favorite holiday. There are festive parties all over the world, from New Orleans to London, but if you really want to embrace the spirit of Halloween, there’s no better destination than the birthplace of the holiday: County Meath, Ireland. Every year in Boyne Valley, the residents of County Meath throw a month-long Halloween celebration. The Spirits of Meath Halloween Festival attracts thousands of guests from all over the world, and while this festival has only been celebrated since 2009, many of the traditions observed here date back to ancient times. The ancient Irish weren’t trick-or-treating or visiting haunted houses on Oct. 31, but they were celebrating the pagan holiday Samhain. Over 3,000 years ago, this Celtic
festival was born in Meath and marked the end of the harvest. Samhain was celebrated with bonfires, offerings to fairies, and other rituals meant to keep evil spirits away. Many of these customs carried through the centuries and inspired Halloween traditions that are still practiced today. Today, Meath celebrates Oct. 31 with a blend of spooky thrills and traditional Samhain practices. The Spirits of Meath Halloween Festival starts with the lighting of the first torch fire of Samhain in Athboy, which kicks off a month of fun activities. If you like your Halloween extra spooky, the scream park, Farmaphobia, is waiting for you. And if you’re not a fan of screaming your head off, you can check out the Halloween-themed Spookling Afternoon Tea for fresh-baked treats and spirited conversation. The motto of this all-ages festival is “Fun by Day; Frights by Night,”
meaning all the really scary ghosts wait until after sunset to come out.
There are plenty of ways to celebrate Halloween, from carving jack-o’-lanterns and eating chocolate to running for your life through a haunted corn maze. And in County Meath, you can celebrate Halloween in every possible way. For more info, visit www.Discoverboynevalley.ie/whats-on/ spirits-meath-halloween-festival-2018.
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