Richmond VA

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RICHMOND VIRGINIA | VOL. 2

INSIDE THIS ISSUE: FEATURED ARTICLES

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RETIREMENT • INVESTING • VACATION

RECOMMENDED SERVICE DIRECTORY

TRAVEL • LIVING • HEALTH • DINING




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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22 Destination Vacations 24 Saving For Retirement

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27 Investing For The Future 28

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

luxury 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.

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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.


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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.

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!

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 13


LOCAL EVENTS GUIDE

RICHMOND 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.

SEPTEMBER

SEPT 19 | ARTS DISTRICT FOOD TOUR Savor mouth-watering food and snacks from local restaurants and bakeries, meet the people behind these culinary destinations, and hear the stories of one of Richmond’s defining neighborhoods. For more info visit: https://bit.ly/2RCYepG SEPT 26 | CARS & CORKS Cruise on over to Maymont for an afternoon of classic cars, tasty beverages, live music, food trucks, and tons of fun for families and auto aficionados! Stroll through a variety of cool cars on display on the expansive lawn, and enjoy live music throughout the day. For more info visit: https://bit.ly/2FHFUJs

OCTOBER

OCT 3 - 4 | OKTOBERFEST Come celebrate at the only authentic Oktoberfest in central Virginia. The entertainment will be highlighted with the traditional march of the regional German Societies, 14

the crowning of the Oktoberfest Queen, and the popular Beer Stein Hoisting Contest.For more info visit: https://bit.ly/3hH9bB8 OCT 3 - 4 | 2ND STREET FESTIVAL The 2nd Street Festival is now a virtual event celebrating downtown’s Jackson Ward community. Venture Richmond Events will present new musical performances, favorite artists from past festivals, cooking demonstrations, virtual tours, neighborhood testimonials, fun family activities, and so much more! For more info visit: https://bit.ly/2ZN7JqX OCT 9 - 11 | RICHMOND FOLK FEST This beloved event attracts people to downtown Richmond’s riverfront over three days to celebrate the roots, richness and variety of American culture through 30 different genres of music on seven stages, dance, traditional crafts, storytelling and food. For more info visit: https://bit.ly/3hMY9L2


LOCAL EVENTS GUIDE

RICHMOND 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.

NOVEMBER

NOV 5 - 8 | FIRE, FLOUR & FORK Fire, Flour & Fork combines more than 40 dinners, events, behindthe-scenes tours and talks, throughout our food-fest of a region. Get behind the doors of 100-year-old purveyors. Listen to kitchen secrets from Richmond chefs and their friends from around the country. And leave room for dessert. For more info visit: fireflourandfork.com Nov 14 | STONY POINT BEER FEST This 3rd Annual event will have local and regional breweries, wineries, cideries, and distilleries offering samples of everything with your souvenir sample glass. Food from on-site restaurants and other local vendors, fun and unique games from River City Sports & Social Club, live music & more! For more info visit: rivercityfestivals.com NOV 21 | BEER, BOURBON & BBQ FESTIVAL This Annual affair offers up all those pleasures that true Southerners live by – Beer, Bourbon, Barbecue,

Boots, Bacon, Biscuits, Bluegrass, and Smoked Beasts! It’s a great day of beer sippin’, bourbon tastin’, music listenin’, cigar smokin’, and barbecue eatin’. For more info visit: https://bit.ly/3hDjgiB

DECEMBER

Dec 3 - 6 | BIZARRE BAZAAR The Bizarre Bazaar’s Christmas Collection features more than 500 juried exhibitors in four contiguous buildings. The 45th Christmas Collection will feature talented artisans of varied media, unique new shops, boutiques, small businesses, exciting new gift lines, holiday decorations, gourmet foods, jewelry, clothing, accessories, toys, quality crafts, fine art and much more! For more info visit: thebizarrebazaar.com Dec 5 | Winter Wine Fest Get out of the COLD and enjoy some amazing Virginia Wines in our heated buildings. Great Music, Food, Fun and of course VIRGINIA WINE! For more info visit: fredericksburgwine.com

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LOCAL EVENTS GUIDE

RICHMOND 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.

JANUARY

JAN TBA | JEWISH FOOD FESTIVAL Get your fill of corned beef, schwarma, knish, and more at what is possibly the tastiest winter festival in Richmond. And if you’d like to try more food than you can stomach, trust us you probably will, you can take it to go! For more info visit: richmondjewishfoodfestival.com JAN 18 | WINTER ICE FESTIVAL Ready to chill out? Join us for our Winter Ice Festival and Mega Block Ice Carving Competition. You’ll see six world-renowned ice carvers create amazing sculptures as they compete for prizes. Join us. This is going to be cool. For more info visit: https://bit.ly/2W1CF4S

FEBRUARY

FEB 23 - 29 | JESUS CHRIST SUPERSTAR Featuring award-winning music by Andrew Lloyd Webber and lyrics by Tim Rice, Jesus Christ Superstar is set against the backdrop of an extraordinary series of events during the final weeks in the life of Jesus Christ as seen through the eyes of 16

Judas. Reflecting the rock roots that defined a generation, the legendary score includes ‘I Don’t Know How to Love Him’, ‘Gethsemane’ and ‘Superstar’. For more info visit: https://bit.ly/2RC4wG2 FEB 27 | SHIVER IN THE RIVER Jumping in an ice cold body of water – on purpose? We’re guessing that some of you this think it’s a crazy idea, and some of you think it sounds awesome. If you’re among the latter, know that you’ll have two chances this winter to take an icy plunge. For more info visit: https://bit.ly/2RFzzRm

MARCH

MARCH 2- 7 | VIRGINIA WINE EXPO You’ll get to meet the owners and winemakers behind Virginia’s emergence as an international wine destination. Plus you can check out dozens of wine events, like the legendary Walk-Around Grand Tasting. For more info visit: virginiawineexpo.com

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LOCAL EVENTS GUIDE

RICHMOND 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 16) MARCH 18 -21 | FRENCH FILM FEST If the International Film Festival doesn’t have enough movies for you, or you missed all the films coming out of France, you’ll get a second crack at it at the end of March. For more info visit: frenchfilmfestival.us

APRIL

APRIL TBA | FRENCH FOOD FEST Do you love French food? Do you long to stroll the streets of Paris? We can’t help you get to the real thing, but you’ll feel transported straight to France and all its food and drink with Richmond’s French Food Festival. For more info visit: rvafrenchfoodfestival.com APRIL 29 - 30 | STEVESTOCK We are making history this year with the help of DeVault Vineyards in beautiful Concord, VA. We will be camping out all weekend enjoying music & art. If you have an RV you can bring that too! Get the best savings when you buy early and grab a weekend pass for the music.For more info visit: https://bit.ly/3hFufIt

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MAY

MAY 1 - 2 | WINE & FOOD FEST Join in the excitement of the 11th Annual National Wine and Food Festival at National Harbor; bringing together world-renowned chefs, artisanal craftsmen, and culinary pioneers with thousands of Metro DC’s foodies. For more info visit: https://bit.ly/35KKOQR MAY 4 - 9 | INTERNATIONAL FILM FESTIVAL Over several days in April, two Richmond theaters will show quality flick after quality flick. In between screenings, you can catch panels, awards, musical performances, and more at both the modern Bowtie Movieland and the historic Byrd Theatre. For more info visit: rvafilmfestival.com

JUNE

JUNE 6 | BROAD APPETIT With small plates from the best local restaurants in the Richmond region, this event will have you grazing your way down Broad Street. And it’s all for a really great cause, since proceeds go to local nonprof-


LOCAL EVENTS GUIDE

RICHMOND 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.

it food bank, Feed More. And of course, where there’s food, there’s beer and wine, too. For more info visit: broadappetit.com JUNE 12 | TASTE OF WOODBRIDGE The Stonebridge Taste of Woodbridge Feast-ival is a seasonal celebration of good food, exhibitors, performances and LIVE music. This family-friendly event allows you to stroll through the beautiful Stonebridge at your leisure while sampling some of the delicious offerings of local restaurants and chefs. Entertainment for ALL AGES! For more info visit: https://bit.ly/3c73j3b JUNE 19 | JUNETEENTH FESTIVAL Juneteenth, A Freedom Celebration is Virginia’s flagship Juneteenth holiday commemoration. It is reflective of Richmond and Virginia’s particular and poignant stories of enslavement and emancipation, and it highlights the resolve and resilience of Africa’s children in America. For more info visit: https://bit.ly/3mDTHSv

JULY

July 24 | Virginia Spirits Roadshow Come join us for the Virginia Craft Spirits Roadshow at Building Momentum Co-Op. Tickets will include all samples of artisan spirits as well as craft cocktails from 11 Virginia distilleries; while guests can mix, mingle and engage with Virginia distillers firsthand! For more info visit: virginiaspirits.org

AUGUST

AUG 3 - 8 | ANASTASIA From the Tony Award®-winning creators, this dazzling show transports us from the twilight of the Russian Empire to the euphoria of Paris in the 1920s, as a brave young woman sets out to discover the mystery of her past. Pursued by a ruthless Soviet officer determined to silence her, Anya enlists the aid of a dashing conman and a lovable ex-aristocrat. For more info visit: https://bit.ly/33CGO2k

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LOCAL EVENTS GUIDE

RICHMOND 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 9 | RICHMOND JAZZ FEST This is a world-class jazz event that’s worth traveling for. Every year, the Richmond Jazz and Music Festival lines up some of the best names in jazz, funk and blues. Along with the main festival at Maymont - the HippodromeTheater, Virginia Museum of Fine Arts and Hardywood Park Craft Brewery also take part in showcasing the genre’s best local and national talent. Make plans now to be here! For more info visit: https://bit.ly/3hIRUYD

SEPTEMBER

SEPT TBA | RVA STREET ART FEST The festival will offer the community a chance to watch and participate in the live art transformation of the concrete floodwall, featuring acclaimed national and international artists alongside some of the most popular and up and coming local artists. For more info visit: rvastreetart.com SEPT 24 - 30 | STATE FAIR When the entire freaking state puts on a week-long shindig, it’s practically your duty as a resident 20

to check it out. The State Fair of Virginia kicks off the fall season with deep-fried everything, dozens of other fair-favorite foods, loads of carnival games and rides, farm animal exhibits and plenty more activities that you can’t possibly accomplish in just one visit. For more info visit: statefairva.org



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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.

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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. 25


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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. 27


RECOMMENDED SERVICE DIRECTORY

ASSISTED LIVING Spring Arbor of Richmond ..........Front Inside Cover Spring Arbor of Salisbury ............Front Inside Cover

MEMORY CARE Spring Arbor of Richmond ..........Front Inside Cover Spring Arbor of Salisbury ............Front Inside Cover

ATTORNEY Warren Law PC .......................................................... 9

NON-PROFIT American Red Cross ...................Back Inside Cover

BOARDING Woofy Wellness ..........................................................5

PET CARE Woofy Wellness ..........................................................5

BUSINESS LAW Parker Pollard Wilton & Peadon ........Back Cover

PLUMBING 8UNCLOG .....................................................................11

ELECTRICAN MW Butler Electrical LLC .......................................7

REAL ESTATE LAW Parker Pollard Wilton & Peadon ........Back Cover

ESTATE PLANNING Parker Pollard Wilton & Peadon ........Back Cover

RENOVATIONS THS Construction Company ...................................1

FINANCIAL ADVISOR Brian Wallis - Edward Jones ................................21 The Godfrey & Spradlin Group .............................3

REVERSE MORTGAGES Jim Warns - Mutual of Omaha Mortgage ......17

FINANCIAL LIFE PLANNING Alpha Advisors ..........................................................17

SENIOR LIVING Spring Arbor of Richmond ..........Front Inside Cover Spring Arbor of Salisbury ............Front Inside Cover

GENERAL CONSTRUCTION THS Construction Company ...................................1

VETERINARIAN SERVICES Woofy Wellness ..........................................................5

GENERATORS MW Butler Electrical LLC .......................................7

WEALTH MANAGEMENT The Godfrey & Spradlin Group .............................3

GROOMING Woofy Wellness ..........................................................5 INSURANCE Boyette Insurance Agency Inc..............................5 Jimmy Feuda - Liberty Mutual Insurance .......11 The James R Macrae Agency..............................21 INVESTMENT ADVISOR Alpha Advisors ..........................................................17

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