In the grand tapestry of life, two virtues stand above most in shaping the quality of our existence—health and wealth. Both are independently valuable, each capable of bringing immense joy and fulfillment. Yet, when they are combined, they form the cornerstone of a truly complete life. The interplay between health and wealth is what allows …
The Virtues of Health and Wealth: A Life Fully Lived Read More »
In a world that often glorifies wealth, power, and material possessions, one resource stands above all others in its true value—time. Unlike money, gold, or property, time is the only resource that can never be bought, traded, or replenished. Once a moment passes, it is gone forever. Despite its immense importance, many people fail to …
There’s something profound about returning from a long journey—stepping back into familiar surroundings after days or weeks of buses, trains, boats, and ferries. Travel has a way of expanding our minds, opening our eyes, and reminding us of life’s simple truths. As I reflect on my recent adventure, one thought lingers above all: our world …
As I sit on the deck of this beautiful cruise ship, taking a break from my book and sipping my favorite adult beverage, I glance around at the people enjoying the pool. It’s a scene of leisure and relaxation, yet something about it strikes me differently this time. The majority of the passengers are older—some …
There’s a unique moment in life—often in our 50s and early 60s—when we find ourselves in what I call “The Big Squeeze.” It’s the point where we are at the pinnacle of our careers, making an impact in our fields, contributing to our communities, and feeling the rewards of decades of experience. But at the …
The Big Squeeze: Navigating Life Between Generations Read More »
After working in the senior services realm for over 22 years, one of the most valuable lessons I’ve learned is that assisting individuals in their estate planning is both an art and a science. The science aspect follows strict rules and regulations, much like the scientific world, where fundamental laws of physics cannot be broken. …
Sailing at night presents unique challenges and requires a heightened level of preparedness, much like estate planning. While both activities can be incredibly rewarding, they also demand careful forethought, knowledge, and attention to detail to ensure a smooth and successful journey. For as long as I can remember, sailing has been a central part of …
Inheriting an Individual Retirement Account (IRA) can be a financial windfall, but it also comes with complex rules that, if misunderstood, can lead to significant tax liabilities and missed opportunities. Proper estate planning is crucial to ensure beneficiaries maximize the benefits while complying with legal requirements. Below are key considerations and best practices for inheriting …
Avoiding Common Mistakes When Inheriting an IRA: An Estate Planning Perspective Read More »
At Skolnik Retirement Solutions, we embrace a multidisciplinary approach to estate planning. This holistic perspective was the driving force behind the development of our innovative OctaView Retirement SystemTM, a unique and successful framework that has earned us a US trademark. Our approach recognizes the need to utilize a cadre of professionals, including attorneys, investment advisors, …
A will is often seen as the cornerstone of estate planning, and for good reason: it’s a critical document that specifies how your assets will be distributed upon your passing. However, relying solely on a will can create practical challenges that make it less effective as a stand-alone solution. A will is one of five …
Libby Skolnik Budweg is an investment advisory representative of and provides advisory services through CoreCap Advisors, LLC. Skolnik Retirement Solutions and CoreCap Advisors are separate and unaffiliated entities.
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