Wolf Retirement Navigation - March 2019



4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224

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

As seen on:

March 2019

Ride of Your Life Do You Still Rely on Luck?

I n the month of March, I find myself thinking about luck. There’s St. Patrick’s Day, and everyone talks about four-leaf clovers and the “luck of the Irish.” My mom’s birthday is also in March (Happy Birthday, Mom!) — and I am lucky to have her in my life. But the biggest reason I think about luck in March is because St. Paul’s Annual Carnival is held on the Jacksonville Beach. My family attends the carnival and it’s always a lot of fun. Multiple city blocks are closed off for rides, games, food and fun. And who can say “no” to fried carnival foods? Nowhere is luck more prevalent than when you’re walking down the midway at a carnival. Hundreds of kids and parents are trying their best to snag those top prizes, and

There’s not a lot of security when you rely on luck to accomplish your goals. “

planned for the worst-case scenarios. They balanced risk and reward, looked for safety nets, and strategized their portfolios to survive a hit. The planners are those who made it through the Great Recession successfully. There’s not a lot of security when you rely on luck to accomplish your goals. Even people who are “lucky” know luck is fickle. It isn’t always on your side, so why rely on luck to deliver your dream retirement? When it comes to investing and retirement planning, it literally pays to be smart. The best thing you can do for your future is to be prepared. Don’t rely on what the market did last year to guide you into next year. Be proactive about your plan. Look at your goals and ask what you need to do to reach them. I love talking about this stuff, so feel free to ask me any questions you have about your portfolio or retirement plans. Your retirement is worth more than a cheap stuffed animal won at the carnival. It’s time to get serious about your future and save luck for the midway. -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.

no matter how skilled you are at darts, it’s usually luck that determines the winners at the carnival. This is completely opposite to how things work in life, especially when it comes to planning for and being successful in your retirement. It’s easy to blame bad luck when the market turns or look at those who are better off and think, “Well, they just got lucky.” But good fortune isn’t the whole story. Luck, good or bad, is what we call it when we don’t plan for the future. Retirement planning is a great example of this concept. In 2008, when the stock markets crashed and many people lost significant savings, many called it bad luck. But what about those who made it through just fine? They didn’t just happen to invest in different areas that were unaffected by the stock and bond markets. These are the people who 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.

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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