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CampbellWealth.com • (703) 535-5300 • 700 S. Washington St., Suite 220, Alexandria, Virginia 22314
EXCITING CHANGES COMING TO CAMPBELL WEALTH!
O ver the past few months, the Campbell Wealth Management team and I have been reviewing the services we provide to you. Following the review, we decided it would be a great time to enhance your client experience. We feel we can do better with our planning and reporting offerings. So, I’m excited to announce a number of new changes coming to Campbell Wealth Management, each designed to make your experience that much better. To start, we’re in the process of moving into a new office. We’re moving from our Old Town location in Alexandria to a new location about 10 minutes away —more details to come. Why the move? We’ve outgrown our space, and our lease is up. Those two reasons alone make this the perfect time to pack up and find a more spacious office, so that’s what we did! This new space will give us plenty of room to grow, which means we’ll be able to bring on new team members for both the investment team and the wealth management team. This, in turn, will allow us to boost our client services. In addition to the move, we’re also boosting our wealth management technology. One new piece of technology we’re introducing is a powerful online software tool — a portal that will give you one place to access account information. Basically, it keeps everything pertinent to your accounts in one single, secure location. This new account portal is known as the Black Diamond Wealth Platform. The platform will allow you to see all of your investments in one convenient place, 24/7. No matter where or when, you’ll have up- to-date access to this and more.
As you know, these kinds of upgrades take resources. They take time, effort, money, and manpower. We won’t have everything rolled out right away, and as the new software is made available to both our
team and our clients, there will be a bit of a learning curve. That said, please bear with us as we adopt these new technologies and strategies. The whole team is excited to see it all come together, and I’m excited to share it all with you. The next few months are going to be busy, but we know once everything is set up and ready to go, we’ll be able to provide a new level of service that's even better than before. As this software becomes available to you, we want you to know that you can always reach out to us with questions. This transition will take time, but don’t hesitate to call on us for clarification. From all of us at Campbell Wealth, we thank you in advance for your patience, as well as your partnership. I hope you’ve had a great summer, and we look forward to having a fantastic fall!
Kelly Campbell
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How to Boost Your Retirement Funds When Your Funds Are Lower ThanThey Should Be
Having money saved is crucial for adults ages 50 or older who plan to retire in the near future. Some people are prepared for retirement,
work part time or stop going to work to take care of family members in need. By working less, women tend to earn less money, which prevents them from putting away sufficient funds for
having saved a sufficient amount throughout their lives. However, there are people who, despite having tried to save, come up short in their retirement funds. This can send them into a panic. Women account for the largest percentage of people who don’t have enough money in their retirement savings by the time they reach the age of 50. A survey produced by the nonprofit Transamerica Center for Retirement Studies shows that many women who reach retirement age will not have adequate funds to support themselves. Despite having a higher savings rate, the average amount women have saved at the age of 50 is about $35,000, compared to $120,000 for men. What’s the reason behind this?
their retirement. This also affects whether or not they are covered by their employer’s retirement benefits, since most employees are required to be full-time in order to receive any benefits.
If you’re nearing retirement age, don’t fret — you still have options available to you. If you’re working, look into your company's retirement plan, especially if they offer a 401(k). According to the IRS, those who qualify
(i.e., someone who joins the plan and is 50 years or older) can contribute up to $24,500 a year. To learn more about what options are available, it's crucial you speak to a planning specialist. By working with someone who understands retirement, you’ll create a solid plan and ensure that you are on a path to enjoy your retirement.
According to the survey, women often have a large gap in their financial savings at some point in their lives. They are more likely to
FREEZINGYOURCREDIT INFORMATIONMADE EASY Stop Thieves From Opening Accounts Under Your Name
Next, using a computer at home (don’t do this on a public network), visit the three big credit bureau websites (Experian, TransUnion, and Equifax) and submit a request for a freeze. Once that is taken care of, you will receive an ID number — be sure to write this down with your other information and place it in a secure and safe place. In the past, if an individual wanted to freeze their credit report, they had to pay a $2–$10 fee to each credit agency. Thankfully, Congress recently passed a law that voids the fee, so an individual can now freeze access to any account free of charge, making it easier than ever. Be sure to follow these steps for all three of the main credit bureaus: • Equifax: www.freeze.equifax.com, 800-685-1111 • Experian: experian.com/freeze/center.html, 888-397-3442 • TransUnion: transunion.com/securityfreeze, 888-909-8872 The best way to avoid identity theft is to prevent illegal access to your information in the first place. But if you do find yourself the victim of thieves, protect yourself from further damage by locking your information down immediately.
Having your identity stolen can be an incredibly stressful situation. There are many
precautions you can take to prevent sensitive information from falling into the hands of the wrong people, but even
the most diligent individuals can become victims of identity theft. If this happens, one of the best ways to stop thieves in their tracks is to place a freeze on your credit report. A credit freeze allows you to restrict access to your credit report, making it much more difficult for thieves to open any new accounts under your name. The AARP suggests you take a few steps when deciding to freeze your credit information. First, it's important to gather all information that you need, including your Social Security number, date of birth, and past and present addresses, along with a folder to place important information.
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A RIDE TO A BETTER LIFE Northern Virginia Therapeutic Riding Program (NVTRP)
T he gleeful smile of a child who had arrived in a wheelchair, now happily sitting on a horse; another rider trotting for the first time; a veteran quietly grooming and bonding with a horse; grateful parents who tell us what a difference riding has made in their child’s life—these are some of the images I retain after a day of volunteering at the Northern VirginiaTherapeutic Riding Program (NVTRP), located in Clifton, Virginia. I have been a volunteer there for over 14 years. The Program teaches riding skills to children and adults with special needs. NVTRP also offers equine-assisted activities to youth-at-risk and military service personnel. I have witnessed howmuch all our activities improve the quality of life of our riders, thereby having a positive impact on their families too. Many participants who have difficulty doing everyday tasks improve their skills through riding by developing their core muscles and fine and gross motor skills. They learn to focus on a task—even just holding the reins—and improve their social and communication skills as well. One can watch their confidence grow. Just being outdoors, taking in the fresh air in the peaceful countryside and working with our gentle horses, is very calming for so many of our Program participants. Volunteers at NVTRP work as horse leaders or side-walkers during the lessons. They also do barn chores, help care for the horses, and get them ready
for lessons. It can be hard work, but the rewards are
immense — just seeing how much our riders improve their skills over time and how much our staff, volunteers, and well-trained and gentle horses help our participants attain the healthiest, most independent lives possible and grow in so many ways. NVTRP also organizes CorporateWorkdays for groups to come help with needed projects at the facility such as mowing, painting, gardening, fixing fences, or other beautification projects. Eagle Scout/Gold Projects are also organized for Girl or Boy Scouts. NVTRP is a 501(c)(3) non-profit organization that was founded in 1980. Over half of the operating budget comes from fundraising. The dedication of the volunteers and staff, plus the enthusiastic participation of our riders, gives the Program its energy. For more information, please visit our website at NVTRP.org or contact our office at 703-764-0269. —Shari Lama Client of Campbell WealthManagement
SUDOKU
Upcoming Events
SOCIAL SECURITY OPTIMIZATIONWORKSHOP University of the Potomac – Tyson’s Corner Tuesday, August 21 ORThursday, August 23 at 6:30 P.M. 5 PILLARS OF RETIREMENT DINNER SEMINAR (INVITE A FRIEND) Ruth’s Chris – Arlington Wednesday, September 12 OR Tuesday, September 18 at 6:30 P.M. To register for any of the upcoming events, please email us at seminars@campbellwealth.com or call Carol at (571) 800-6373. Make sure to check out our website to see more upcoming events: CampbellWealth.com/educational-resources/upcoming-events
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Campbell Wealth Gets an Upgrade! Women and Retirement Freezing Your Credit Information Is Easier Than Ever Ride to a Better Life Safe Sailing This Hurricane Season
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Safe Sailing This Hurricane Season BOOK A CARIBBEAN CRUISE
After last year's devastating storm season, would-be tropical travelers are undoubtedly hesitant about purchasing those discounted plane tickets to the Caribbean Basin. No one wants to face a possible evacuation during their
the luxury of navigating out of a storm’s path with ease. For all their ferocity, hurricanes move slowly across the Atlantic and have relatively predictable trajectories. Meanwhile, modern cruise ships carry the most sophisticated weather-tracking instruments, allowing them to bypass even small storms and inclement weather. Flexibility Is aMust The flipside of this ability to dodge storms is the fact that your ship may not be able to stick to its original itinerary. You may have to anchor at an island you weren’t expecting to or miss out on seeing a port you were supposed to visit. If you have your heart set on seeing a specific location, cruise travel this time of year may not be for you. But if you are simply looking for a safe, affordable vacation to a beautiful region, then it doesn’t muchmatter which white-sanded beach you wake up to next. While unpredictable weather will always be a concern for any vacation, the safety and variety cruises offer make them great options for anyone looking for a Caribbean getaway before the holiday season. So if you have a flexible schedule and a healthy sense of adventure, it’s time to call your travel agent, pack your sunscreen and bathing suit, and head to paradise!
vacation—or worse, be forced to weather a hurricane at a beachfront resort. If you want the most bang for your buck while enjoying the turquoise waters of the Caribbean this fall, consider booking a cruise. Cruise-ship travel is a fun and adventurous way to explore any time of year. After all, what could be more magical than a floating hotel room where you fall asleep in one country and wake up in another?This charming mobility is also what makes cruise travel the safest option for visiting the Caribbean and the coast of Mexico this time of year. Safety and Savings Much like resorts and airfare, cruise lines discount their Caribbean fares significantly during peak hurricane season, fromAugust to October. However, unlike a traditional hotel, these massive ships have
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