WolfRetirement Navigation May 2017

904-232-8760 www.wolfretirement.com MONTHLY May 2017 RET IREMENT NAV IGAT ION

FROM FIELD GOAL TO FINANCIAL PLANNING How a Football Star Became a Retirement Expert

your name on the wall. So I went out and did just that.

and I promised myself it would also be the last.

Football was a big part of my life growing up. For five months out of the year, if I wasn’t in school, studying, or asleep, I was on the field. Practices started in late August, and the whole team would be working in 90-degree weather to prepare for the season. That hard work showed because we had a great high school team. We’d make it to the playoffs every year and to the state championship game twice. Wolf Retirement Navigation is a place where I can be certain my clients have access to the best tools and strategies on the market [and] protect what’s theirs. When you’re in that kind of position, it’s only natural for college recruiters to eventually come calling. I received scholarship offers to both the University of Richmond, the College of William & Mary, and thought my college tuition payments were set. All I needed to do was continue to play the sport I loved. Unfortunately, things didn’t work out that way. One game into the playoffs during my senior year, I tore my ACL and MCL in my right knee. The college coaches didn’t waste any time taking the money back. This was the first time in my life someone took money away from me,

I knew my injuries would heal, and with rehab, I could get back on the field, but that chapter of my life was over. I was ready to move on to the next stage. Since I thought I had scholarship money lined up, I had to scurry around to piece my future back together. Thankfully, my good grades got me accepted into Virginia Tech at the last minute. Coming up with the money became my next challenge, but with a little help from my parents, a lot of work every summer, and student loans, I paid my way through. To find a new direction in my life, I followed my interest in numbers and math and ended up interning at a CPA firm during college. Here, I learned all about taxes, but I decided it wasn’t just want I wanted to do forever. Over time, my career took me across the finance industry, expanding my knowledge and repertoire to better help clients. Then in 2008, I was working for a money management company when the stocks went south. Our portfolios performed well, relative to other money managers, but watching clients lose money because the company didn’t have the right tools to protect their savings fully made my stomach churn. I knew I wanted to do something different. I also knew, if you want to make real changes in a company, you have to have

Wolf Retirement Navigation is a place where I can be certain my clients have access to the best tools and strategies available on the market. Here, I can help my clients protect what’s theirs while growing their retirement savings. I don’t limit myself to just helping clients who happen to step into my office, either. Three times a week, I’m on TV with local news stations, broadcasting five-minute educational segments on Mondays at 11 a.m. with River City Live on WJXT Channel 4, and on Tuesdays at 11 a.m. and 2 p.m. with First Coast Living on WTLV Channel 12. I learned what it felt like to have a secure future slip through my fingers when the college coaches took back my scholarships. With my experience and knowledge of finance, I want to make sure no client has to experience that feeling themselves.

– Adam Wolf, CPA, CFP ®

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Yoga for Baby Boomers

Low-Impact Exercise for People of All Ages

chronic lower back pain found significant relief through yoga. That’s even more effective than the typical forms of medical care. Yoga can also lower blood pressure, relieve stress, and help alleviate depression. If you are interested in yoga, it costs very little to get started. Lots of studios offer classes for under $10, and you won’t need to spend a bunch of money on fancy equipment. Yoga gets more popular every year, so there are likely multiple studios in your surrounding area. Some teachers even offer private classes if you would prefer to work out at home. As you get older, it’s important to check with your doctor before beginning a new exercise regimen. For lots of people, however, yoga is a safe and effective method of fitness that you can continue later in life.

for the Young at Heart,” says, “there is no competition in yoga; there will always be someone ahead of you and someone behind you.” Yoga instructors will let you progress at your own pace. Some older folks are even certified as yoga instructors and tailor their studio to the needs of those in their age group. One awesome quality of yoga is that it’s a low-impact exercise that won’t put undue stress on your joints and muscles as you age. Yoga increases range of motion and flexibility, adding to your quality of life. Plus, practicing yoga can teach you relaxation techniques through breathing and meditation. Yoga studios are also great social environments for meeting new friends of all ages. Yoga can aid in the prevention of certain medical conditions that are prevalent in later life. According to a National Institute of Health study, 90 percent of people with

The average yoga studio tends to be filled with young people contorting their bodies in all sorts of strange ways. This can be

intimidating to older people interested in starting yoga. The truth, however, is that yoga can provide all sorts of

benefits to baby boomers nearing their golden years. Yoga increases flexibility and functionality and can even aid in the prevention

of chronic disease.

Lots of yoga studios offer classes specifically aimed at baby boomers in order to create a welcoming environment. As Susan Winter Ward, author of “Yoga

MEET THE NEW NEIGHBORS Opening Our Doors in Clay County

to continue to offer expert and convenient personal wealth and financial services to all of our clients.

Wolf Retirement Navigation has opened a new office in Clay County!

We’ve been a presence in North Florida for over three years, and while our main office is located in Jacksonville, we strive to extend our financial planning, retirement planning, and tax services wherever there’s a need. Many of our clients call Clay County home, and we saw folks there were not being taken care of by other advisers in the area. As our goal is to best help our clients, we realized demanding Clay County residents drive 40 minutes to our office in Jacksonville wasn’t in their best interests. Our new office will be dedicated entirely to serving clients in Clay County when they need us, meaning the office will be open on an as-needed basis. While the hours may be different, the services provided will be just the same at the new office as our clients could expect to receive at our Jacksonville location — without the drive! Call 904-232-8760 and schedule a time to visit our new location at 4711 U.S. Highway 17, Suite C5, Fleming Island, FL 32003. We anticipate this new office will prove to be a great benefit to all our clients in Clay County and the surrounding area, allowing us

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Costly Mistakes

guarantee big returns. Remember, if it feels too good to be true, it certainly is.

When it comes to retirement, everyone thinks, if they’re at least saving money each month and keeping an eye on their Social Security statement, then they’re doing just fine. In reality, there are many mistakes you’re probably making right now that will lead even the most diligent saver to retirement ruin.

3. Failing to Adjust Your Risk Level as You Approach Retirement Too often, individuals who are close to or have already entered retirement have all this stock exposure, but based on the income they need to generate, they don’t need the extra risk. As you get close to retirement, you should be taking on less risk. 4. Not Factoring Health Care Costs This is one of the largest costs retirees face. Premiums and out-of- pocket costs for long-term care not covered by Medicare can drain retirement savings if not planned for in advance. 5. Not Having a Strategy for Taxes in Retirement During your working years, you get your income after taxes have been taken out, but this isn’t the case in retirement, meaning your tax bill can be very high. Make sure your financial plan is married to your tax plan, so you can save a lot of money. These are some of the most common retirement planning mistakes we see people make every day. Fortunately, we have a lot of experience in fixing them. With a free complimentary stress test, we can review your accounts and show you where you need to make adjustments to save money. Call 904-232-8760 to uncover any mistakes you might be making and start to correct them today.

1. Carrying Debt You have more income to pay off debt during your working years, so it’s important to be paying debt off before you enter retirement. Additional interest and debt services can eat up your retirement savings. 2. Not Investing Wisely Rather than invest with a reputable bank or investment company, many people are tempted by get-rich-quick schemes that claim to

Spring is here and summer is on its way, which means picnic season has sprung. Enjoy this incredible pasta salad recipe with friends, or steal it all for yourself. We won’t tell! MARVELOUS MACARONI SALAD


Watch Adam LIVE, Monday’s on Channel 4 @ 11:00 a.m. & On the CW @ Noon and Tuesday’s @ 7:00 a.m.



• ½ pound macaroni, cooked, drained, and cooled • 1 cup sliced celery • ½ cup chopped green pepper • ½ cup chopped red pepper • ½ cup chopped green onion

• 1 cup mayonnaise • 2 tablespoons vinegar • 1 tablespoon mustard • 1 teaspoon sugar • 1 teaspoon salt • ¼ teaspoon pepper


1. Mix together dressing ingredients. 2. Mix together salad ingredients. 3. Mix dressing and salad together. Chill before serving. 4. Enjoy!

Watch Adam Every Tuesday @ 11:00 a.m. & 2:00 p.m. on Channel 12

Recipe inspired by Food.com.

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904-232-8760 www.wolfretirement.com 4230 Pablo Professional Court Ste. 101 Jacksonville, FL 32224


• From Field Goal to Financial Planning PAGE 1

• Yoga for Baby Boomers PAGE 2

• New Neighbors in Clay County PAGE 2

• 5 Ways You’re Ruining Your Retirement PAGE 3

• Marvelous Macaroni Salad PAGE 3

• Take a Dip in the Aloha State PAGE 4

Hawaii Is Calling Take a Dip in the Aloha State

Oahu, where sea turtles swim, sometimes coming up on the sand to bask in droves. Get a bit of basking done yourself or strap on some fins and a mask to swim with the turtles — just don’t touch, or you might face a hefty fine. Maybe sea turtles aren’t your thing. Maybe you’re more into manta rays, which do not have stingers but do sport a wingspan of up to 12 feet. Watch these enchanting creatures do triple backflips in the dark tropical waters. If you’re on the big island, you can see them at sundown off the Kona Coast. Watch their acrobatics from the shore or journey with your family to the sandy floor of the ocean, which is a lot easier than it sounds. Divers shine lights toward the surface, attracting the plankton that mantas love to eat. These harmless and immense animals will dance eerily close, and the effect is absolutely dazzling.

If you’re looking to take a tropical trip this spring break, what could be better than Hawaii? It’s the unofficial “family unwinding” capital of the world, known internationally for its perfect weather, absurdly beautiful beaches, and a great variety of activities that are sure to keep anyone engaged. Take the world-famous Road to Hana in Maui, for example — a twisting drive through miles of exotic rainforest, with breathtaking views of cliffs and gorgeous black sand beaches littered along the way, just perfect for stretching your legs and taking a dip. Contrary to its name, the road trip typically ends just past the small mountain town of Hana, in the Oheo Gulch, a rainforest area that boasts tons of waterfalls and standing pools like glass.

Or, if a long drive doesn’t strike you as fun, take the kids to Turtle Beach on

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