Finishing Strong: An Estate Planning Journey delves into the crucial importance of comprehensive estate planning and addresses the prevalent issue of unpreparedness among individuals. The authors, Ronald “Skip” Skolnik and Elizabeth “Libby” Skolnik Budweg, stress that it is the responsibility of every person to take charge of their estate planning, particularly when it comes to […]
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Embarking on the journey of life requires a strategic roadmap, especially when it comes to securing your financial future during retirement. In the context of estate planning, the absence of a well-thought-out strategy can have significant implications for income, legal concerns, and potential nursing home expenses. As we delve into the statistics, it becomes clear
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The mission of the Boy Scouts of America is to prepare young people to make ethical and moral choices over their lifetimes by instilling in them the values of the Scout Oath and Law. In the early 1980s, I was introduced to the Cub Scouting Program. My brother was already a Boy Scout, but at
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With every election, there is some impact on the stock market as investors consider how the elected officials will affect economic policies. But just how much do elections actually affect the stock market? The year leading up to an election typically shows lower returns as investors cope with uncertainty. However, in the 12 months after
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I have a friend, Beverly, who has an 80-year-old father, who lives 2 hours from Bev. Her dad went to a public health screening because all of his friends were doing it. The next day he got a call from the free clinic staff saying “Go see your doctor as soon as possible”. He was
What to Do: From an Estate Planning Perspective Read More »
Being invited to participate in the closing bell ceremony at the New York Stock Exchange (NYSE) is not just an honor; it’s an acknowledgment of the profound impact of financial markets on our society, economy, and individual lives. For a financial advisor like myself, this invitation signifies not only recognition but also an opportunity to
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When a loved one passes away, family and close friends find themselves grieving and in emotional upheaval. Studies show that individuals who must make end-of-life decisions for family members are faced with serious stress following the event. In many cases, the emotional toll a death can take is exacerbated by the heavy responsibility of making
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The “YOLO” (You Only Live Once) attitude has gained popularity in recent years, encouraging individuals to live in the moment, take risks, and embrace spontaneity. While this mindset can lead to exhilarating experiences and an enhanced sense of freedom, it can also pose significant challenges from an estate planning, financial, and practical perspective. As a
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When the word “hospice” is mentioned, many people might envision a somber place where one goes to spend their final days. However, this perception couldn’t be further from the truth. Hospice care is a transformative approach to end-of-life care that focuses on improving the quality of life for patients and their families during a challenging
Embracing the Gift of Hospice Care: A Compassionate Journey Read More »
At Skolnik Retirement Solutions, working specifically in estate planning, the phenomenon of longevity holds profound implications for individuals and families alike. Longevity, or the extended duration of human life, has surged in recent years, significantly altering the landscape of financial planning and asset management. As an estate planner, it is paramount to recognize the profound
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