As we step into a new year, it’s an ideal time for reflection and strategic planning. At Skolnik Retirement Solutions, we believe that every family deserves a robust plan for their future. After much thought and deliberation, we’ve chosen our theme for 2025: “What Is Your Plan?” This question resonates particularly for those approaching retirement, those who are retiring, and those who have already embraced this new chapter in life.
The Importance of Planning
Planning is the cornerstone of a secure financial future. Many people may feel overwhelmed by the complexities of retirement and estate planning, but it’s essential to confront these challenges head-on. Ask yourself: what is your plan? Here are some critical areas to consider:
- What is your plan to protect your assets from lawsuits?
- What is your plan to protect your assets from Probate Court?
- What is your plan to protect your assets from the potential of nursing home costs?
- What is your plan to reduce taxes currently?
- What is your plan to reduce the taxes when your assets go to the Next Generation?
- What is your plan to protect your Investments when the market crashes?
- What is your plan to leverage your assets for future Generations?
- What is your plan to make sure your healthcare options are in place?
- What is your plan to distribute your assets according to your values and choices?
- What is your plan to leave a legacy for future Generations?
- What is your plan for end of life decisions?
- What is your plan to enjoy the next 10 years of active life?
- What is your plan for your last few years of inactive life?
- What is your plan for your funeral?
- What is your plan to ensure your spouse has adequate income if you pass tomorrow?
- What is your plan to capitalize on market growth without risk?
- What is your plan if local, State and Federal laws and statutes change for estate planning?
The Challenge
These questions are just the tip of the iceberg. If you find yourself unsure about any of these aspects, it’s time to focus on developing your plan. Remember the old adage: “Failure to plan is planning to fail.” Your family has worked too hard to accumulate assets; it’s your responsibility to protect them now and in the future.
We’re Here to Help
If you feel overwhelmed by the estate planning process, know that you are not alone. Our team of experienced lawyers, tax professionals, investment advisors, insurance experts, nursing home specialists, and funeral professionals is here to guide you. Together, we can develop a personalized estate plan that aligns with your values and needs.
As you embark on this new year, prioritize your estate planning. It’s not just about asset protection; it’s about ensuring peace of mind for you and your loved ones. Make 2025 the year you take control of your future. Ask yourself, “What is your plan?” and start crafting a strategy that will secure your legacy for generations to come.
The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.
Investing involves risk and you may incur a profit or loss regardless of strategy selected.
The views and opinions expressed herein are those of Skolnik Retirement Solutions and do not necessarily reflect the views of CoreCap Investments, LLC or CoreCap Advisor, LLC, its affiliates, or its employees.
