Wolf Retirement Navigation May 2018

904-232-8760 www.wolfretirement.com MONTHLY RET IREMENT NAV IGAT ION

May 2018

HAPPY MOTHER’S DAY! Me, My Mom, and the Crocodile Rock

This Mother’s Day, I think it’s only appropriate to give a congratulatory shoutout to all the great moms in the world, including my wife Danielle, sister Nealie, and mother Mary Ann. As kids, it was easy to take our moms for granted. I know I did sometimes. But most moms I’ve been lucky to know have sacrificed so much to make sure their families are happy and healthy. It’s a thankless job sometimes, so I want to take a moment to shine the spotlight on the women who work so hard for their families.

“best mom of all time.” Well, I hate to break it to you, but my mom is actually the greatest mom of all time! My mom and I always had — and still have — the best time together. When I was a kid, anytime I got into my mom’s car, I was treated to some great music. Back then, one of Mom’s favorite songs was “Crocodile Rock.” Of course, I mean the original Elton John song and not the Baha Men cover from 1999. Whenever “Crocodile Rock” came on, Mom and I would attempt to sing the whole song together. As far as cherished moments go, those fun car concerts definitely rank as some of the best memories. On top of being a fun, hardworking parent, Mom was also a teacher. I don’t know how she mustered the energy to teach rambunctious kids all day and then come home to raise me and my sister! My mom is the picture of patience, and she taught me so much. Honestly, I think part of the reason I enjoy educating people about finances and retirement is because my mom always took the time to teach me something new. Even though she worked a demanding job, Mom always made time for her family and helped us achieve more than we ever thought possible. As a tribute and thanks for all her hard work, I’m dedicating our 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.

Jacksonville Retirement Academy May sessions to my mom. (Learn more about the JRA on page 3.) Even after all these years, Mom is still making time for her family. This past New Year’s Eve, the family was all together for a weekend in Hammock Beach in the Palm Coast, Florida. There was a live band playing that evening, and shortly before midnight, some familiar chords started to play. My mom and I looked at each other and started to laugh as the band began to play “Crocodile Rock.” I swear, I didn’t put in a request — it was just a great coincidence. We sang the whole song together, like old times, and shared this great mother-son moment that reminded me of all the wonderful times we’ve had together. Thank you, Mom, for everything you’ve done for me — and our family — over the years. I wouldn’t be the man I am today without your support and guidance. I love you with all my heart. –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.

Now, before we go on, I know a lot of people out there claim their mom is the

Even though she worked a demanding job,

Mom always made time for her family and helped us achieve more than we ever thought possible.

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.

2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

www.wolfretirement.com | 1

TRAVELING WITH THE GRANDKIDS?

3 THINGS TO DO BEFORE THE TRIP

We could all use a vacation, and if

that you are an irresponsible grandparent. Instead, think about how you felt when your own children were young, and take steps to alleviate the parents’ concerns. If your daughter asks you not to be on your phone while in crowded public places because she’s concerned you might lose sight of her child, promise to keep the phone in your pocket. If your son-in-law wants regular updates, make time before bed for your grandchild to call home and tell her father about all the fun she’s having. A little compromise can lead to less stress and more fun for everyone. Pack Necessary Documents You need to have some form of ID for your grandkids. Older kids can use a driver’s license, but if you’re traveling with little ones, find a copy of their birth certificates. You also need copies of insurance and prescription cards and a notarized letter from the parents granting you permission to authorize medical care in case of an emergency. It’s also a good idea to have a letter of permission for your grandkids

to travel with you. Make sure the letter is signed by all legal guardians, especially if your grandchild’s parents are divorced. You don’t want to accidentally cause a custody dispute. Plan a Trip You’ll Both Love When planning your itinerary, ask yourself if your grandkids will have fun, too. You might be excited to visit an art museum, but a younger child might not appreciate it as much. This doesn’t mean you shouldn’t visit museums or historical sites! In fact, most of these places offer kid-centric activities, like scavenger hunts, that can help a younger audience engage with the environment. Just be sure to think of your grandchild first when planning. There’s nothing like the adventure of travel to bring generations closer together and create lasting memories. These tips will help you ensure those memories are good ones. Happy travels!

you’re looking to bond with your grandkids, a trip might be the perfect answer. It’s fun for you, and getting away from Mom and Dad for a while is

thrilling for any kid. But before you board a plane to Italy with your granddaughter or rent an RV for a trip to Yellowstone with

your grandsons, there are a few things

you need to check off

your to-do list.

Don’t Let the Parents Worry Letting their kids go on a trip without them can be nerve-wracking for parents. Don’t view parental worries as an implication

THANK YOU!

Tune in every Sunday for the “Sunday Morning Money

Report” on CBS 47 at 9:05 a.m. for financial news and retirement tips in just two minutes.

TUNE IN!

Tune in every Monday from 11 a.m. to noon for “4 Your Money” on “River City Live” on Channel 4, The Local Station. Re-airs on Tuesdays from 6–7 a.m. on Channel 17. Tune in to NBC 12 on Tuesdays for Jacksonville’s Retirement Coach, Adam Wolf, on “First Coast Living,” from 11 a.m. to noon and again from 2–3 p.m.

Every day, we’re grateful to our clients who continue to trust us as we help them navigate the road to financial security. It means a lot when you introduce your friends and family to us so we can help them too!

2 | 904-232-8760

2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

READY FOR RETIREMENT FINALS? Ace Your Golden Years With Jacksonville Retirement Academy

When? Choose the two-day course that best fits your schedule: May 16 & 23 Wednesdays, 10 a.m. to 12 p.m. May 17 & 24 Thursdays, 5:30–7:30 p.m. Where? Adam W. Herbert University Center 12000 Alumni Drive, Jacksonville, FL 32224 How can I sign up? Call 904-232-8760 or register online at JacksonvilleRetirementAcademy.com

Just starting to develop a retirement plan? Getting ready to plan your retirement party? Happily retired?

Regardless of what stage of retirement you’re in, there is one thing all retirees and soon-to-be retirees need to know: The rules of retirement have changed. What worked for our parents will no longer work for us, and if you are planning your retirement around outdated strategies, you risk outliving your money. How can you protect yourself from this unfortunate fate? Get educated! The Jacksonville Retirement Academy is hosting an informational retirement workshop and it’s complimentary for our clients and their guests. Adam Wolf will show you how to plan for your future in this new reality of retirement. Throughout this two-day course, you will learn the three basic types of retirement accounts to maximize cash flow, reduce the unwanted expenses that come with estate planning, maximize your Social Security income, guard your portfolio against stock market loss during retirement, and more. If you have ever felt uncertain about your financial future, now is the time to get the information you need to fully enjoy your retirement!

After this course, you will be able to answer the most important question retirees face: Do I have enough money for retirement? Space is limited, so if you want access to this valuable information, register today!

Sudoku

Asparagus and steak is a classic pairing. Skirt steak packs a ton of flavor without the high price point of other cuts, and this is the best time of year to buy asparagus. So what are you waiting for? Let’s get grilling!

INGREDIENTS

• 1 1/2 pounds skirt steak • 2 tablespoons canola oil • 1 pound asparagus

• 2 teaspoons crushed red pepper • Salt and pepper to taste • Grated pecorino Romano cheese

DIRECTIONS

1. Heat grill to high. Season room-temperature steak with salt, pepper, and 1 tablespoon oil. Any oil with a high smoke point, such as canola, will work. 2. Trim bottom inch of asparagus. Season with salt, pepper, and remainder of oil. 3. Cut steak into four portions and grill for 3–5 minutes per side, depending on desired doneness. Skirt steak is thin and will cook quickly. 4. Let steak rest for 10 minutes. While it’s resting, grill asparagus for 6 minutes, turning once. 5. Sprinkle cheese and crushed red pepper on asparagus. Serve alongside steak.

Solution

2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

www.wolfretirement.com | 3

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

• Me, My Mom, and the Crocodile Rock PAGE 1

• 3 Things to Do Before the Trip PAGE 2

• Thank You! PAGE 2

• Can You Retire in the New Reality? PAGE 3

• Grilled Skirt Steak With Asparagus PAGE 3

• The Key to a Memorable Vacation PAGE 4

Enrich Your Vacation Buy Local When You’re Abroad

Tips forYourTripBack inTime

Food

you’ll support the arts and traditions of the region! People While you’re out sampling local restaurants and exploring local markets, you’ll meet plenty of local people. Don’t be afraid to strike up a friendly conversation. You can make new friends around the globe and learn about their unique experiences. One of the most enriching experiences in life is meeting new people and gaining new perspectives. Memories Treasured memories are the best souvenir you can bring home from any vacation. So you owe it to yourself to get out and explore!

Why have a cheeseburger from a fast-food chain when you can try a local favorite? A great way to start is by asking your taxi driver or hotel concierge about their favorite place to eat. You’ll discover new foods and flavor combinations, and the locally owned restaurant is sure to appreciate your business! Art Just as your town probably has local artisans who produce unique and interesting work, the same is true for your vacation destination. Anyone can get a gift shop bauble that was mass-produced somewhere else. Take the time to peruse market stalls and craft fairs while you travel. It can lead you to some truly special souvenirs, and

The virtues of buying locally sourced food and supporting small businesses have been widely extolled. But we rarely think to apply the same practices when we travel. Many Americans spring for all-inclusive packages when planning their next summer vacation, but doing so means they’ll miss out on some of the best aspects of the culture they’re visiting. Part of the joy of traveling is having new experiences you can’t have at home. Whether you’re in another state or another country, you owe it to yourself to seek out the unique aspects of that location. But to find the character and quirks of your destination, you’ll have to explore beyond the hotel lobby.

4 | 904-232-8760

2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

Page 1 Page 2 Page 3 Page 4

wolfretirement.com

Made with FlippingBook - professional solution for displaying marketing and sales documents online