Palm Beach County

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PALM BEACH COUNTY FLORIDA | VOL. 2

INSIDE THIS ISSUE: FEATURED ARTICLES

RETIREMENT • INVESTING • VACATION

RECOMMENDED SERVICE DIRECTORY

TRAVEL • LIVING • HEALTH • DINING

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CO NTE NT S FEATURES 4

Luxury Living

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Senior Living

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Local Event Guide

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26 Destination Vacations 28 Saving For Retirement 31

Investing For The Future

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Recommended Service Directory

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OPEN FLOOR PLANS

A Luxurious home is not just well appointed, it is one where the amenities allow you to feel spoiled. Pools, saunas, in-home gyms, backyard tennis courts, game rooms, and wine cellars are a few things that come to mind.

An open floor plan is one of the most sought-after criteria when deciding on a new home purchase or a new renovation idea. An open and airy floor plan allows the homeowner to elaborate on their design aesthetic and showcase the home’s individual, luxurious features, like a grand entryway or a beautifully designed staircase.

OUTDOOR KITCHENS If opulence and luxury are key, then a standard, fully-stocked kitchen is simply no longer enough. One may consider adding a cozy outdoor living area complete with outdoor kitchen, featuring built-in gas grills and refrigerated food and drink storage. Some other top amenities include expansive outdoor pools with water features such as waterfalls, hot tubs, changing cabanas, and saunas.

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WINE CELLARS Exquisite wine storage is another amenity that most affluent homes contain. Private wine cellars built using materials such as glass and wood and are often thought to be works of art themselves. When considering one of these beauties, many factors come into play. One will want to consider the placement, temperature, humidity control, and of course bottle size accommodations.

LOCATION IS EVERYTHING When it comes to luxury home ownership, nothing beats a great location. Everyone desires their own slice of blissful paradise. One of the most important aspects to consider are privacy features such as bushes, hedges, trees or walls. The right landscape design features provide a concealed oasis, where one can relax and wind down. Picture yourself in a secluded ranch or gated beachfront enclave!

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GAME ROOMS Game rooms or entertainment rooms are an old idea, but still on top of the list of luxury living ideas. Some would argue a luxury home is not complete without an in-home theatre or game room. The boundaries continue to be expanded with extra amenities such as indoor basketball courts, lavish sports bar set-ups, exquisite billiard areas, additional televisions and beverage storage.

IN-HOME TECHNOLOGY This newer trend has taken over the luxury market by storm, and these technological innovations have garnered the new term of “Smart Homes,� and along with it, smart devices. When it comes to technology, most luxu-

ry builders cater to this tech-trend and offer amenities to help with just about all facets of home management. Some things you can do at the touch of a button or smartphone are control indoor climate, window and door security, and lighting. Additionally, an integrated smart home provides the owner with remote access cameras and security systems. (. . .continued on page 10) 8



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DRESSING ROOMS A dressing room is simply an extension of the master bedroom. This feature is commonly a top priority for the wealthy, as it functions as a place to both store and display lavish items such as purses, shoes, hats, and jewelry. There is an increasing demand among the jet-set crowd for larger and more lavish closet designs. Typical setups include cedar shelving, storage chests, ample lighting, and mirrors for cosmetics or modeling outfits.

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RETIRE WITHOUT CHANGING YOUR LIFESTYLE

Today’s upscale senior communities offer “resort style living” which is hospitality-oriented and resembles a 4-star hotel or cruise ship rather than a hospital or retirement home. Amenities Some of the more luxurious communities at the deluxe level even feature lively bars with chandeliers and overstuffed pillows. More standard amenities include:

Activities: Education and Entertainment, Fashion shows, Lectures from retired professors and various social and cultural events which are all examples of regularly planned activities for residents at higher-end facilities. In urban settings, planned outings to the city for museums, art galleries or theater visits are frequent occurrences as well. Grounds-keeping: Luxury communities are beautifully designed on the outside as well, from gardens to ponds to putting greens and walkways. Many include well-appointed courtyards for residents to socialize, relax, or enjoy a meal. Concierge Service: Offering ‘Concierge Service’ is what makes a Senior Living community a Luxury one. Similar to a hotel concierge, a resident can use the Concierge to arrange hotel flights or tickets to events, a service that makes these luxury communities clearly more desirable to prospective residents and their families. 12

Modern Therapies: Assisted living communities offer personal care to their residents, and the best communities often offer top notch therapy on top of standard care. In addition to specialized pet and physical therapy, upscale communities often also provide top notch occupational therapy, and music therapy, and always from trained and certified professionals. Residences: The kitchen is the focal point of any home and it’s no different when looking at the residence at an Assisted Living community. A standard assisted living apartment has a kitchenette, traditionally including a mini-fridge, a microwave, and a small amount of cabinet and counter space. The luxury assisted living residences feature full kitchens and appliances plus top of the line finishes, like granite counter tops for instance. (. . .continued on page 14)



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Dining: An upscale senior living community will most likely retain a registered dietitian on staff and employ experienced chefs who serve gourmet meals. Choice and variety are crucial for the success of a kitchen at a luxurious community and most have more than two restaurants within the community, each with their own menus. Personal Fitness Trainers and Recreational Facilities: Recreation rooms are always available to use at the residents’ convenience, with computer labs, fitness rooms and cinemas. Fitness programs supervised by physical therapists and personal trainers are also kept on staff by any upscale community. High-end assisted living communities also provide full service spa treatments, beauty salons for the women and barbershops for the men. Additionally, no luxury assisted living community would be complete without a heated pool and spa, which are always popular with residents.

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Pet Friendly: Studies have shown that pet ownership has been shown to be beneficial to seniors, and more and more luxury communities are open to allowing residents to have their pets on site. There can sometimes be limitations regarding the size and number of pets. They frequently provide pet care such as dog walking, nail clipping, grooming and litter-box changes as well as formal, certified pet therapy. Spacious Apartments: One can expect about 20% more square footage at a Luxury community (approx 600 sf versus 500 sf at a standard community). A Two bedroom apartment at an upscale community can be more than 1200 square feet. Clearly, senior living is not what it was years ago. And for the retiree with means, it can be a lively, active, and rewarding lifestyle full of growth and fun!





LOCAL EVENTS GUIDE

PALM BEACH COUNTY PLEASE NOTE: WE’RE AWARE THAT THESE UNCERTAIN TIMES ARE LIMITING MANY ASPECTS OF LIFE AS WE ALL PRACTICE SOCIAL AND PHYSICAL DISTANCING. DUE TO THE CURRENT OUTBREAK, MANY EVENTS HAVE EITHER BEEN CANCELLED, RESCHEDULED, OR CHANGED TO VIRTUAL EVENTS. PLEASE VERIFY ALL EVENTS PRIOR TO ATTENDING. THANK YOU.

JUNE

JUNE 28 | Art After Dark The Norton is open late every Thursday night for Art After Dark. The event includes exhibits, gallery talks, special lectures, art workshops, live music, happy hour and more. Admission is always free. For more info visit: https://bit.ly/3dPK0uh JUNE 30 | BBQ, Brews & Blues It’s that time of year again! The 5th Annual BB&B Fest kicks off West Palm’s historic Northwest District. Don’t miss the area’s best BBQ, brews and blues music with family-friendly activities and tons of fun. For more info visit: https://bit.ly/3gqbSqN

JULY

JULY 3-5 | FAIR EATS Love South Florida Fair food? Fair food lovers will be able to get their fix six months early during this event. The Fair Food Drive-Thru will feature some of your favorites, like deep-fried Oreos, corn dogs, and funnel cakes. 18

For more info visit: https://bit.ly/3dS1u9l JULY 4 | FOURTH OF JULY Summer is at its peak, so grab your sunscreen and shades for one of the coolest events of year. Independence Day means fireworks, hot dogs, BBQ, beaches and great family fun. So why not celebrate America’s independence in the traditional way—and in the Delray Beach way. For more info visit: https://bit.ly/2VFGoom

AUGUST

AUG 6 - 9 | FLORIDA FRUIT FESTIVAL

The Florida Fruit Festival is all about health in the broadest sense – for people, animals and the planet.A celebration of fruit – the ultimate food source for human beings.Supporting local farmers who work hard to provide our food for life. This is an awesome event that can change your life! For more info visit: floridafruitfestival.com


LOCAL EVENTS GUIDE

PALM BEACH COUNTY PLEASE NOTE: WE’RE AWARE THAT THESE UNCERTAIN TIMES ARE LIMITING MANY ASPECTS OF LIFE AS WE ALL PRACTICE SOCIAL AND PHYSICAL DISTANCING. DUE TO THE CURRENT OUTBREAK, MANY EVENTS HAVE EITHER BEEN CANCELLED, RESCHEDULED, OR CHANGED TO VIRTUAL EVENTS. PLEASE VERIFY ALL EVENTS PRIOR TO ATTENDING. THANK YOU.

AUG TBA | SHAKESPEARE BY THE SEA

Shakespeare by the Sea is approaching its 30th anniversary production this July, the Festival has announced “the show will go on” via its new Sharing Shakespeare program. We are planning on virtual watch parties once the film is edited, encouraging families and couples to gather their favorite blanket, chairs, picnic baskets and coolers and enjoying the show outdoors to recreate the Shakespeare Festival experience while continuing safe, social distancing. For more info visit: pbshakespeare.org

SEPTEMBER

SEPT 1-30 | FLAVOR PALM BEACH Flavor Palm Beach is ready to excite, tantalize and satisfy your every palate craving. For an entire month, restaurants and bistros offer prix fixe menus for lunch and dinner to tempt you to taste the local cuisine from Jupiter to Boca Raton. For more info visit: flavorpb.com

SEPT 26 | BREW AT THE ZOO Want to drink like a local and experience all the wildlife the Palm Beach Zoo has to offer? Brew at the Zoo celebrates South Florida’s booming craft beer scene. Tour the Zoo while sampling amazing beer from at least 25 of our local brewers. With at least 2 different samples at each stop, there are more than 60 different beers you can try. For more info visit: https://bit.ly/31E57NR

OCTOBER

OCT 9-18 | OCTOBERFEST Dine on authentic meals of bratwurst and schnitzel; sip imported and domestic beers, schnapps, 30 different types of liquor; and listen to entertainment by two original Oktoberfest bands direct from Germany. Enjoy family-friendly entertainment with arts and crafts, carnival and games, folk-dancing, vendor displays and souvenirs. For more info visit: oktoberfestflorida.com

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LOCAL EVENTS GUIDE

PALM BEACH COUNTY PLEASE NOTE: WE’RE AWARE THAT THESE UNCERTAIN TIMES ARE LIMITING MANY ASPECTS OF LIFE AS WE ALL PRACTICE SOCIAL AND PHYSICAL DISTANCING. DUE TO THE CURRENT OUTBREAK, MANY EVENTS HAVE EITHER BEEN CANCELLED, RESCHEDULED, OR CHANGED TO VIRTUAL EVENTS. PLEASE VERIFY ALL EVENTS PRIOR TO ATTENDING. THANK YOU.

(. . .continued from 19) OCT 17 | DELRAY FALL AFFAIR Delray Beach Chamber of Commerce is celebrating its community and the love for art with the first ever Delray Fall Affair. Introducing this two-day festival as a place to shop amazing local and regional artists, listen to live local music, and unite as a city, at a time when the world needs it most. For more info visit: delrayaffair.com

Beach plays host to swarthy pirates and mermaid beauties. For two days, swabbies young and old are invited to raise the Jolly Roger and have fun with all things pirate. The event’s theme is Tales of the Sea – bringing to life an array of tales from the deep blue sea. Mermaid and pirate characters thrill and enchant, sharing ghastly stories about their adventures. As always, Pirate Fest is free and open to all. For more info visit: bbpiratefest.com

OCT 26 - NOV 1 | OASIS CHAMPIONSHIP

Tee up for a great time at the Boca Raton Championship. Starting in 2020, the Boca Raton Championship will be the second tournament in the Charles Schwab Cup Playoffs. This tourney brings together the best of acclaimed golfers right here in Boca Raton. For more info visit: bocaratonchampionship.com

NOVEMBER

NOV 1 | PIRATEFEST Look smartly now as Boynton

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NOV 14- 15 | BOCA FINE ART SHOW This 3rd annual Boca Raton Fine Art Show will take place outdoors at Mizner Park Amphitheater in downtown Boca Raton. The focus is visual arts and features fine art and fine crafts created by award-winning artists from around the world with all discipline for sale – paintings, clay, glass, sculpture, fiber, wood, jewelry and more – all juried by art professionals. There is something for everyone in all price ranges. For more info visit: https://bit.ly/2ZxXHZW

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LOCAL EVENTS GUIDE

PALM BEACH COUNTY PLEASE NOTE: WE’RE AWARE THAT THESE UNCERTAIN TIMES ARE LIMITING MANY ASPECTS OF LIFE AS WE ALL PRACTICE SOCIAL AND PHYSICAL DISTANCING. DUE TO THE CURRENT OUTBREAK, MANY EVENTS HAVE EITHER BEEN CANCELLED, RESCHEDULED, OR CHANGED TO VIRTUAL EVENTS. PLEASE VERIFY ALL EVENTS PRIOR TO ATTENDING. THANK YOU.

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DECEMBER

DEC 10-13 | FOOD & WINE FEST Celebrity chefs and star-studded event makes this a foodie favorite in an Island paradise. Melt away your winter worries with an international menu of gastronomic delights of this 4-day, star-studded epicurean extravaganza. So, grab a napkin, pull up a front row seat and enjoy! For more info visit: pbfoodwinefest.com DATES | HOLIDAY BOAT PRADE See one of The Palm Beaches’ most colorful holiday traditions at the 48th Annual Boynton Beach & Delray Beach Holiday Boat Parade! A flotilla of brightly decorated boats line up and motor south. For more info visit: https://bit.ly/2VGd7tW

JANUARY

JAN 15 -31 | SOUTH FLORIDA FAIR For more than 100 years, the South Florida Fair has been entertaining people of all ages. The Palm Beach County Fair event draws in hundreds of thousands of locals and tourists alike. In all, Visitors 22

experience more than 200 carnival games, thrilling amusement rides, and the best fair food in the region to fill their winter vacation days. For more info visit: southfloridafair.com JAN 30 - FEB 3 | ART PALM BEACH The longest running and most prestigious mid-winter art fair of its kind, ArtPalmBeach is dedicated to emerging art and masterworks of contemporary and divergent art – making this a must-visit for art enthusiasts and collectors. For more info visit: https://bit.ly/31ECOPq

FEBRUARY

FEB 11-16 | PALM BEACH SHOW Formerly known as the Palm Beach Jewelry, Art & Antique Show, this prestigious art fair is the largest of its kind in the United States and one of the top cultural events of the season. Taking place over President’s Day weekend, The Palm Beach Show features international exhibitors displaying fine works from across the globe, encompassing dazzling jewelry, (. . .continued on page 24)


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LOCAL EVENTS GUIDE

PALM BEACH COUNTY PLEASE NOTE: WE’RE AWARE THAT THESE UNCERTAIN TIMES ARE LIMITING MANY ASPECTS OF LIFE AS WE ALL PRACTICE SOCIAL AND PHYSICAL DISTANCING. DUE TO THE CURRENT OUTBREAK, MANY EVENTS HAVE EITHER BEEN CANCELLED, RESCHEDULED, OR CHANGED TO VIRTUAL EVENTS. PLEASE VERIFY ALL EVENTS PRIOR TO ATTENDING. THANK YOU.

(. . .continued from 22) exquisite works of art and fascinating antiques. For more info visit: palmbeachshow.com

vendors and find something that inspires you! For more info visit: artigras.org

FEB 20-21| STREET PAINTING FESTIVAL

MARCH

Join the tens of thousands of art lovers who will attend the Annual Festival over the weekend. With more than 600 artists on the pavement, music on the mainstage, restaurants, shops, festival food court and bistro, you’re sure to get caught up with the excitement! For more info visit: streetpaintingfestivalinc.org FEB TBA | ARTIGRAS One of the favorite cultural events in The Palm Beaches, ArtiGras features more than 300 national and local fine artists, plus a colorful array of food, music and fun for the entire family. This three-day, family-friendly event in Jupiter’s Abacoa Town Center is jam-packed with spectacular art in every medium. Jazz, R&B and more at Music at the Main Stage will keep your toes tapping, and incredible food will tempt your palate. Stroll through the many exhibits and 24

MARCH 13-14| ART FEST BY THE SEA

Three decades ago, a few dozen booths selling stylish art from local artists were displayed along A1A in Juno Beach. It has kept going strong ever since. ArtFest by the Sea returns with a stunning showcase of art across all mediums, sculpture, jewelry, woodwork, paintings, wearable art and more are displayed, gallery-style, for the enjoyment of all! For more info visit: https://bit.ly/3ipnrjS MARCH 15 - 21 | HONDA CLASSIC The Honda Classic has become known throughout the golf world as an event with one of the greatest fan experiences in the game. It is a big party with a side of some amazing golf. Masked by the excitement and energy surrounding the best players in the game battling the Bear Trap and thousands of spectators enjoying the action


LOCAL EVENTS GUIDE

PALM BEACH COUNTY PLEASE NOTE: WE’RE AWARE THAT THESE UNCERTAIN TIMES ARE LIMITING MANY ASPECTS OF LIFE AS WE ALL PRACTICE SOCIAL AND PHYSICAL DISTANCING. DUE TO THE CURRENT OUTBREAK, MANY EVENTS HAVE EITHER BEEN CANCELLED, RESCHEDULED, OR CHANGED TO VIRTUAL EVENTS. PLEASE VERIFY ALL EVENTS PRIOR TO ATTENDING. THANK YOU.

and entertainment is our true mission – giving back to the children of our community. So have fun while supporting this noble cause. For more info visit: Thehondaclassic.com MARCH 20 | TURTLE FEST At TurtleFest you will enjoy a funfilled day of close up encounters with endangered and local species of native loggerheads, green and leatherback turtles. Listen to great music, see captivating art and discover a place where it’s cool to be green. For more info visit: https://bit.ly/3dXHZfE

APRIL

APRIL 29-MAY 2 | SUNFEST What’s better to do in South Florida than feel the sun on your skin and the ocean breeze in your hair as you listen to the country’s top music acts perform live? That’s what you get at SunFest, a four-day music festival held each May on the downtown West Palm Beach waterfront. For more info visit: sunfest.com

APRIL TBA | SWEET CORN FIESTA Sunshine yellow, hot and buttery. What’s not to like about freshly harvested sweet corn grown locally in the famous black soil of The Glades Region here in The Palm Beaches. Combine this delectable eat with the all-day events of a harvest celebration and you have a family-friendly treat like no other. Live music, lots of summertime foods, kid’s activities and more will keep you smiling the day long. For more info visit: sweetcornfiesta.com

MAY

MAY 1 - 30 | MOSAIC South Florida shows off its artistic chops the entire month of May. MOASIC – Month Of Shows, Art, Ideas & Culture invites you to join in and celebrate the rich and ever-expanding cultural accomplishments of the region. For more info visit: https://bit.ly/2BxdNei

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TRENDING LOCATIONS FOR A GREAT VACATION

EXCITING TRAVEL

Destinations If you are looking for some exciting and awe inspiring travel destinations, consider the following destinations.

1. Sweden, a Scandinavian nation in Europe, offers some wonderful natural experiences and places to visit. Enjoy hiking in vast boreal forests and witness an all-white wild moose. Most principal cities, including Stockholm, are all coastal and offer breathtaking views of the towns and waterfront areas. There are historic medieval towns, an abundance of bridges, royal palaces, and museums to visit. Another sight you will not want to miss are the Northern Lights in Lapland. 2. Tenerife, Spain is the largest of the Canary Islands, which is dominated by Spain’s tallest peak, and dormant volcano, Mt. Teide. Enjoy parades, music, dancing, and a variety of colorful costumes at the Carnaval de Santa Cruz. The island hosts many beaches, some featuring black sand, resort areas to enjoy your stay, high-end restaurants, night clubs, golf courses, and water based sports. 26


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3. Greece, a southeastern European country with thousands of islands to explore and enjoy. There are a vast amount of sites to visit and places to see that tickle any particular interest. With a plethora of archaeological sites, museums, and historical tours, there is a lot to see and do. To name a few notable sites, The Acropolis is a must see as it is home to some of the most marvelous architectural feats known to exist by this advanced civilization, including the Parthenon and Erecthion. The Panathinaiko Stadium in Athens is the world’s only stadium built in its entirety of marble. This

site is home to the first modern Olympics in 1896, where it held a whopping 80,000 people. Aside from the numerous archeologic areas, Greece also has wonderful beaches, hotels, bars, restaurants, tours, ferries, and charters. 4. France, known for its exquisite cuisine, is also home to famous fashion houses, many classical art museums including the Louvre, and monuments such as the Eiffel Tower, the Seine, Notre-Dame cathedral, Arc de Triomphe, and the Palace of Versailles. There are also magnificent parks, great music, ancient cave drawings, and renowned wine tasting sites.

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10 Year Countdown

To Retirement

Money See Where You Stand - It’s time to assess how prepared, or unprepared, you are financially for retirement. •

Take a quick test: Assuming your retirement is about 10 years away, you want to have roughly seven times your current salary in savings, according to research from Fidelity. That puts you on the road to having about 10 times your final salary saved by retirement and maintaining your present standard of living. Retire before hitting 67 and you’ll need more saved; after, you’ll need less.

Do a deeper dive: Plug your current numbers (such as earnings, savings and future pensions) into an online calculator to estimate your retirement income. Experts say you’ll need 75 to 80 percent of preretirement income to live well — debatable but a good starting point.

Don’t despair: You have 10 years to act, by earning more, trimming expenses or delaying retirement. “Whatever you can do can only help,” says George Papadopoulos, a financial planner in Novi, Mich.

Save the easy way If you’re among the 82 percent of workers paid via direct deposit, save more by splitting your pay across accounts. Have your payroll department put part of each check into an online savings account, where it’s out of sight and out of mind. The direct-deposit users who split their deposits save up to $90 more per month than those who use another method to save, according to a recent study.

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Pad your nest egg If you already have significant savings in a 401(k), 403(b) or IRA, open a Roth IRA (in 2019 you can contribute up to $7,000 if you’re 50 or older), or put money into a regular taxable account. •

Why do it? You’re laying the groundwork for lower taxes later. Say you need a new roof on your house in retirement; If you take money from a 401(k) or traditional IRA, it is taxable as ordinary income, and you may end up in a higher tax bracket, explains Carolyn McClanahan, founder of Life Planning Partners. But you can pull your contributions from a Roth IRA tax free (earnings, too, if you’re at least 59½ and have had the Roth at least five years). You can also invest via a basic taxable brokerage account; when you sell securities, you’ll pay only (usually lower) capital gains taxes on the profits.

Pay down the mortgage The problem with a mortgage in retirement is that you may have to sell investments to cover payments. And sometimes that will be when the markets are down - the worst possible time to sell, says Shelley Giordano, chair of the Funding Longevity Task Force at the American College of Financial Services. Her advice: 1. In place of your monthly payments, make half payments every two weeks. Those 26 payments per year are the equivalent of 13 monthly payments, resulting in a faster payoff and lower total interest costs. 2. Got a tax refund? A bonus? A side job? Apply that to your principal. 3. Avoid refinancing your mortgage, since a new loan with a later payoff date means more of your monthly payment goes to interest expense, not an increase in your home equity. 4. Don’t use a home equity loan or line of credit for purchases. The new tax law makes that less attractive, says Giordano. And this is the wrong time to be growing your mortgage debt. (. . .continued on page 30)

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Put new retirement savings to work Not sure where to invest additional money? Aim for growth, somewhere between a trip to Vegas and stuffing cash into your mattress. The sweet spot • Balanced mutual funds: Seek a mix of stocks and bonds;

a 50/50 or 60/40 ratio of stocks to bonds is reasonable. • Target-date mutual funds: These balanced funds automatically adjust investments to lower risk as you age.

Conservative but sound • High-grade corporate bond funds • Money market accounts • U.S. government bond funds • Certificates of deposit and online savings accounts (See bankrate.com for Federal Deposit Insurance Corp.–insured banks offering higher rates.) • Series I inflation-protected savings bonds (sold at treasurydirect.gov)

Work Prepare Your Plan B - Ask yourself these questions, and be honest. 1. Do I work in a stable and growing industry? 2. Do I work for a stable and growing company? 3. Is my heart still in it? Have you answered no to any? It’s time to update your LinkedIn profile and see what else is out there.

Why do it: Only about half of workers cruise their way to a planned, voluntary retirement; the rest of us exit prematurely, often as a result of job loss or burnout. You still have time to regroup. “With 10 years to go, there is still enough runway to make a mark,” says career and retirement expert Nancy Collamer.

How to do it: You know the routine. Tell people who can help you. Sign up for job alerts on the go-to site in your industry. Browse the postings that interest you, and note the skills that employers are seeking.

Want to stay put? Get busy anyway. “Whether you drive a bus or work in a store or in a professional occupation, maximize your opportunities by building your capital,” Collamer advises. “Give talks or write articles to boost your profile, or take advantage of short-term training programs.” One option: Go to linkedin. com/learning and get online access to thousands of business, creative and technology courses for $30 per month.

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Miller, Mark and Powell, Robert, AARP (2019, Feb 6). Countdown to Retirement: 10 Years [Web log post]. Retrieved from https://www.aarp.org/retirement/planning-for-retirement/info-2019/10-year-countdown.html


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INVESTING FOR THE FUTURE Not many people stumble into financial security through sheer luck: a lottery win, big inheritance, or huge stock winnings. For most of us the only way to financial security is a long term plan of saving and investing. Consistency is key to reaching long term goals no matter your income. The sooner you start saving and investing, the longer your money has to compound and grow. Set goals for how much of your income you will invest monthly and stick to it. Keep investment money and cash reserves separate so you won’t dip into your investment account when the market is down. Keep expenses low and spend on what is really important to you whether it is experiences or material things. Try to avoid the big mistakes, like buying a home that is more than you really need or creating a heavy debt load. If your employer offers a matching 401(k) contribution, be sure to take advantage of that option and contribute at least enough to receive it. It is essentially

extra income that will grow and compound and is not taxed until you withdraw it. You can do it yourself but it probably makes more sense to work with a financial advisor who is more knowledgeable about financial markets. An advisor will help analyze short term vs long term needs, separate emotions from objectives as well as help with devising a portfolio and strategy suitable for your needs. Investing consistently over the long term is the best way to grow your wealth as there is no way to time the market. 31


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