ARI BAUM, CFP®

IN A QUIET BUT SIGNIFICANT MOVE, THE INTERNAL REVENUE SERVICE (IRS) HAS RECENTLY UPDATED RULES RELATED TO TRUSTS THAT HAVE THE POTENTIAL TO IMPACT FAMILIES AND THEIR LEGACIES SIGNIFICANTLY. THIS SEEMINGLY SUBTLE CHANGE COULD INADVERTENTLY LEAD TO HEFTY CAPITAL GAINS TAX BILLS FOR HEIRS.

As we delve into this issue, it becomes clear that staying informed and proactive in estate planning is more crucial than ever.

UNDERSTANDING THE IRS RULE CHANGES
Under the new IRS rules, assets held within irrevocable trusts may no longer receive a step-up in basis, unless these assets are included in the taxable estate upon the grantor’s death. This change has far-reaching implications for individuals who utilize irrevocable grantor trusts as part of their estate planning strategy.

Typically, when heirs inherit assets upon the passing of a loved one, those assets receive a step-up in cost basis to the current fair market value. This step-up effectively wipes out any capital gains accrued during the lifetime of the deceased. However, the updated IRS rules alter this scenario for assets held in irrevocable grantor trusts.

Irrevocable grantor trusts have been popular tools for estate planning due to their ability to limit estate taxes and protect assets from judgments or creditors. Unfortunately, with these new rules in place, any assets held within such trusts will not receive the customary step-up in basis, potentially leaving heirs with unexpected and substantial tax liabilities.

THE RISK TO YOUR LOVED ONES
The implications of this change are clear: your loved ones could unintentionally inherit a massive tax burden, depending on how your trust is structured. This change underscores the importance of regularly reviewing and adjusting your estate plan. Tax rules evolve frequently, and staying up-to-date is essential to avoid unintended financial consequences for your heirs.

PREPARING FOR FUTURE CHANGES
The 2023 rule change regarding irrevocable grantor trusts is just one of many potential alterations to tax laws in the coming years. For instance, current estate tax exemption amounts, which stand at $12.92 million per person and $25.84 million for couples in 2023, are set to expire at the end of 2025. If the government does not extend the current rules, the estate tax exemption will revert to the 2017 amount, which was roughly half of the current limit. Consequently, many more families could find themselves exposed to massive tax bills in the near future.

THE IMPORTANCE OF REGULAR ESTATE PLAN REVIEWS
If passing on a substantial legacy to your loved ones is a priority for you, it is imperative to review your estate planning strategy for any potential red flags. The ever-changing landscape of tax laws demands a proactive approach to ensure that your loved ones are not burdened with unexpected financial obligations. Regularly revisiting your estate plan, especially in light of new IRS rules, is an essential step to safeguard your family’s financial future.

SEEKING PROFESSIONAL ASSISTANCE
Given the complexity of estate planning and the potential pitfalls introduced by the IRS rule changes, it is advisable to consult with an experienced attorney. This legal professional can help you navigate the intricacies of trust structures and estate planning, ensuring that your strategy aligns with your goals and minimizes potential tax liabilities for your heirs.

The recent IRS rule changes regarding irrevocable grantor trusts highlight the importance of staying informed about evolving tax laws. The potential tax consequences for your heirs are substantial, and proactive adjustments to your plan are essential to protect your family’s financial future. As we approach an uncertain future with possible changes to estate tax exemptions, it is crucial to work with professionals who can guide you through the complexities of estate planning and ensure your legacy remains intact for generations to come. If you haven’t reviewed your estate plan in recent years, consider taking action now. Your legacy and your loved ones will thank you for it.

The content is developed from sources believed to be providing accurate information. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results. This information is not intended to be a substitute for specific individualized tax advice. Consult with your financial professional regarding your specific situation.

Ari Baum, CFP® is the founder and CEO of Endurance Wealth Partners, with over 25 years of experience in the Financial Services industry. He brings his in-depth experience to Conceive. Believe. Achieve. for his clients.
Securities and Advisory services offered through Prospera Financial Services Inc. Member FINRA/SIPC.
Brokerage and Advisory accounts carried by Wells Fargo Clearing Services, LLC.

THE CITADEL IS STILL MAKING HISTORY AFTER 3,000 YEARS

MARA LASSNER

IN ELUL ALONE, MORE THAN 100,000 VISITORS EXPERIENCE THE OLD CITY OF JERUSALEM TO SAY SELICHOT, THE PRAYERS OF PENITENCE IN ANTICIPATION OF ROSH HASHANA AND YOM KIPPUR. FOR THE FIRST TIME, PEOPLE WHO ARE DEAF OR HEARING IMPAIRED PARTICIPATED FULLY IN A “SELICHOT TOUR” LED BY A QUALIFIED TOWER OF DAVID JERUSALEM MUSEUM TOUR GUIDE FLUENT IN ISRAELI, INTERNATIONAL, AND AMERICAN SIGN LANGUAGE.

Like other au courant Selichot tours visiting assorted sites in the Old City, this one started at the Tower of David Jerusalem Museum in the new exhibition rooms, went through the moat and Kishle excavations from the time of the Second Temple, 2,000 years ago, ascended to the top of the Phasael Tower with a spectacular view of Jerusalem, and ended at the Kotel, to join hundreds gathered there to say the night-time recitation of Selichot.

Director and Chief Curator of the Tower of David Museum Eilat Lieber excitedly shared, “The Tower of David Museum is committed to making the history and stories of Jerusalem accessible to all, be that through our inclusive programming or our commitment to improving physical accessibility in this magnificent historic site. Underlying every project at the Museum is the fundamental desire to make it accessible.”

The Museum reopened this summer after more than a decade of planning and three years of construction. Thanks to a team of archaeologists, architects, curators, researchers, designers, creatives, and generous donors, the $50 million renewal and conservation project brings history to life in a multi-sensory, physically accessible, and inclusive museum within the 3,000-year-old Migdal David. Also known as the Citadel, which was a protective structure meant to keep invaders out of Jerusalem, it is now welcoming to visitors, including those who use a wheelchair, have physical, sensory, or cognitive disabilities, or push a stroller.

The new Tower of David Jerusalem Museum stands as a prominent cultural institution, intertwining the historical narrative of Jerusalem with its significance to Judaism. Through ancient authentic artifacts, as well as the latest in multi-media technology, film and animation with interactive touch screens, video mapping, immersive video installations, and tour guides who sign, the museum’s new permanent exhibition focuses on the events and developments that have shaped the city and continue to influence its present-day identity as the capital of the State of Israel.

The museum worked closely with the Israel Antiquities Authority to preserve the integrity of the ancient site while adding two elevators, widening paths, adding ramps, and updating its exhibits incorporating multisensory appeal.

“This is the first time in history that someone with a wheelchair can access the different layers of the citadel,” explained Reut Kozak, an archaeologist who is head of access and inclusion at the Museum. After much deliberation and planning two elevators have been installed. However, within the guidelines to preserve the citadel’s silhouette and the city’s skyline, one elevator was not permitted to reach the observation deck. Yet, to ensure everyone can experience all it offers, the Museum has a 360° virtual view and explanation for those unable to climb to the top. Sighted and blind visitors who can climb can feel the wind on their faces and uneven stones beneath their feet and touch a model of the city on the observation deck.

Access Israel (a collaborative partner of US-based Accessibility Accelerator), a nonprofit organization dedicated to making the world accessible for all, has helped guide the Tower of David Jerusalem Museum in its commitment to accessibility. The Museum now offers tours for the blind and sight-impaired and offers audio descriptions and cordless headphones for its Night Experience sound and light show. For adults and families with children with special needs, the Museum offers a monthly “relaxed performance” of the Night Experience and daytime cultural activities in its courtyard reinforcing the Museum’s exhibits and history lessons.

Jerusalem Regional Archaeologist, Israel Antiquities Authority, Dr. Amit Re’em exclaimed, “Now, and only now, is it possible to reach different levels of the Citadel, touch the stones, and get excited. This is a big achievement. For us at the Israel Antiquities Authority, and in general for lovers of Jerusalem, this is a very important development.”

The inclusive Selichot Tour is a wonderful entree into the holiday season. The gem of a Museum at the entrance to the Old City is beautiful, engaging, and intriguing. It exemplifies unity as it celebrates the vibrancy and diversity of this ancient and modern city that is still making history.

A MEETING BETWEEN MOTHERS

It has been the tradition at Magen David Yeshivah High School every year to bring the entire school to the Magen David 67th Street Synagogue for selihot, where our students can sit in the seats where our ancestors sat when our community began.

Rabbi Eli Mansour put the special occassion into context for the students, speaking of the many historic events that have taken place within the walls of the synagogue. “This day should be called Mother’s Day,” Rabbi Mansour said. “This is the day our Mother Community Yeshivah meets our Mother Community Congregation.”

Students and rabbis, led by Hazan Mordechai Salem, then proceeded to fill the historic building with song and prayers. It was truly a memorable morning for all!

A RISING COMMUNITY LEADER

SARINA ROFFÉ

“Walk out of here not just to change the world, but to change your world”
– Charles Chakkalo, Archon 2014

CHARLES CHAKKALO IS A 27-YEAR YOUNG FATHER, VOLUNTEER AND RISING LEADER IN THE COMMUNITY. HE HAS TAKEN ON THE RESPONSIBILITY OF EDUCATING YOUNG PROFESSIONALS AS CHAIR OF SBH YOUNG PROFESSIONALS, BUT HE DIDN’T STOP THERE. HE IS WORKING ON PROJECTS WITH THE SEPHARDIC COMMUNITY FEDERATION (SCF) AND IS A TRAINED VOLUNTEER GUARD AT SHAARE ZION.

Before that he organized youth groups on his college campus at Hunter. A born leader, he was motivated to help others when he rescued swimmers as a teenage lifeguard.

Antisemitic protests by students on the Hunter campus and the synagogue attacks in Poway, CA, and Pittsburgh, PA deeply affected him. Until then, he had little overt exposure to antisemitism. He was so affected; he felt the need to take action.

“Growing up, I was sheltered from antisemitism, and somewhat ignorant about its prevalence. However, the events around me opened my eyes to the harsh reality that Jew-hatred and bigotry still exists in our society. This realization motivated me to join a community initiative that focused on self-defense, surveillance, and awareness techniques to protect our synagogues,” said Charles.

He trained as a volunteer guard under Community Security Service, the training organization used by Community Security Alliance to develop volunteers that work alongside guards at our synagogues and institutions. Charles primarily works shifts at Shaare Zion.

“I felt a strong sense of obligation to defend my community, our religion, and our places of worship. There was no reason for me to sit idly by while potential perpetrators could easily pick up a gun and hurt people.”

Charles’ decisions were also shaped by events. He was largely influenced by the persecution his family faced in Syria, and their experiences leaving Syria in 1983, which induced a passionate need to protect and help those around him.

“I am an able-bodied man and a prime candidate who can do something. I am not going to sit by and let someone come into my synagogue and shoot people,” he said.

His family, particularly his parents Raymond and Linda, instilled in him a great work ethic, such that in high school he was one of few students who had a job. At 13, he worked in his grandfather’s greenhouse for $10 a day. In order to do this, he had to learn to take public transportation and get to his destinations on his own. There was no more allowance or the privilege of having someone drive him places. He had no time for after school activities and needed to learn to be responsible, reliable and to carry himself with honor and dignity.

The beginning of Charles’ high school years were not the best, but after a reality check, he refocused so much that he was asked to give the Archon address at his Yeshivah of Flatbush High School Assembly in 2014, which was a huge honor for him. The Archon Induction Exercises celebrate a student’s academic excellence.

“I learned the value of reputation and the importance of relationships,” he said.

When he saw Students for Justice in Palestine blame tuition hikes on Zionists and chant “Zionists out of CUNY,” he thought, “This cannot happen under my watch,” and met with the President of Hunter College and the Chancellor of the CUNY system forcing a formal probe to be opened. He began organizing students to fight back against the protestors, as well.

Charles didn’t stop there. He organized a club on campus to build bridges between Jewish and Arab students and got involved in the Hillel. “I am proud of my heritage, so it was easy to connect with the Arab students.” He helped in securing funding from the Maccabee Task Force and organized a trip taking a multicultural group of students to Israel. He also got involved in the David Project to build pro-Israel support on campus.

He went on an Innovation Africa/Center trip to Bumayi, Uganda in the summer of 2019, which was to sponsor a well and provide clean drinking water to the village. The volunteers then went on to visit Israel.

Another example of his leadership came when starting an ecommerce business with his brothers, Ralph and Michael. When he handed an employee a W2 for his work the previous year, the employee didn’t know what to do with it. So Charles went to SBH and ran a financial literacy workshop at SBH Young Professionals. The workshop featured sessions on taxes, real estate, mortgages and credit. It was a resounding success.

At the peak of BitCoin’s last bull run, he moderated a conversation with Simon Yedid to do a virtual event– another resounding success.

The Young Professionals Group pairs 18 to 30-year-olds with mentors and internships in their area of interest and holds monthly roundtable discussions in different fields, such as ecommerce, marketing, and real estate.

“Charles Chakkalo’s passion and dedication to SBH Young Professionals has fostered an exciting and engaging program which benefits hundreds of community college students and young professionals every year,” said Rita Shabot, Director, SBH Career Division.

Using the resources of volunteers, past presidents and board members, they have many internships and help with job placement. They hosted “Stoop Talks” with panelists in different professions and collaborate with PROPEL and SBH Medical. Charles also helped organize Career Days for several yeshivah high schools.

“I am doing what I can to give back,” he said.
He is naturally tech savvy, sincere and passionate. He has an aptitude for the law, and even took the LSATs and seriously considered law school. He graduated as Salutatorian from Hunter College with a degree in philosophy and has an intense interest in politics.

So much so that he joined the Sephardic Community Federation and began working with them to develop relationships with local politicians and effectively represent our community in front of policy-makers. He attends events on behalf of the community, such as political party fundraisers, and gatherings at Gracie Mansion.

“When I discussed a project with Charles, he jumped in to help,” said Sam Sutton, SCF President. “He is sharp and on the ball. He became one of the most active young men in the campaign. He is very computer savvy and he helped develop the marketing material as well as technical support. He is a very impressive young man.”

A believer in constant learning and refinement, Charles launched his personal brand offering an independent take on what’s going on in our action-packed world. “Too often people nowadays look to figureheads for their perspectives and blindly follow, so I decided to add myself to the pond of independent opinion,” said Charles. He publishes his content on Chakkalo.com.

Charles married Sylvia Mizrahi in 2020 during the COVID pandemic and they have a daughter.

A genealogist and historian, Sarina Roffé is the author of Branching Out from Sepharad (Sephardic Heritage Project, 2017). She is researching a new book: Syria – Paths to Freedom. Sarina holds a BA in Journalism, and MA in Jewish Studies and an MBA.

A SUMMER LIKE NO OTHER

AS THE TUESDAY NIGHT SUN SET OVER THE PICTURESQUE SHORES OF THE DSN BEACH CLUB THIS PAST SUMMER, AN AIR OF EXCITEMENT AND CAMARADERIE FILLED THE ATMOSPHERE. THE INAUGURAL SUMMER STAGE TUESDAYS SERIES BROUGHT MUSIC, MOVIES AND THE MAGIC OF COMMUNITY, CREATING UNFORGETTABLE MEMORIES.

Kicking off in grand style was Gian Farone and his band, setting the stage for an unforgettable Fourth of July celebration. The crowd gathered in anticipation, and as the first notes echoed, it was clear that this summer was bound to be special.

August brought a crescendo of excitement as a Beatles cover band took center stage. With uncanny resemblances and several dazzling costume changes, they transported the audience back in time to the era of mop tops and psychedelic music. The energy was infectious, and the crowd danced the night away. DSN member Izzy Levy, was ecstatic. “This night was a blast, and now we know what we’re doing on Tuesday nights for the rest of the summer!”

The pinnacle of the summer series may have been Nobeh night, an evening of unparalleled entertainment with rich tradition. With the beach park all dressed up in theme, combined with electrifying performances and a vibrant atmosphere, the energy was palpable. The Middle Eastern tunes resonated with the audience, as people were on their feet swaying to infectious rhythms. Over 400 people attended, attesting to the event’s popularity.

Diversity in Summer Stage performances led to the comedic genius Elon Gold. Even the rain didn’t dampen the spirits of over 300 members as the audience laughed so hard that they cried with his side-spitting comedy. Elon’s sharp wit and hilarious anecdotes kept everyone thoroughly entertained.

Gadele Fenster graced DSN with two nights of special performances. It was mesmerizing and the audience was treated to a journey they would not soon forget. Special thanks were extended to Isaac Kassin, a valued community member who played a crucial role in arranging Gadele’s performance, adding extra warmth to the evening.

State Secrets Band provided a nice climatic finale to August. Comprising a group of incredibly talented local musicians, their instrumental prowess showcased the depth of musical talent this community has.

The Motown Extravaganza was DSN Beach Club’s Summer Tuesday Grand Finale. As Labor Day marks the unofficial end of summer, DSN Beach Club pulled out all the stops with this Motown Band. Incredible vocalists, backed by a full band orchestra, and resplendent attire led to an awestruck audience. Many commented that the best was saved for last.

The DSN Beach Club’s Summer Stage Tuesdays delivered a summer to cherish. People came together in celebration of music, film, entertainment, and community. From the soaring melodies of Gian Farone to the toe-tapping beats of Motown, each event left an indelible mark on the hearts of attendees. For many Brooklyn summer members, bidding farewell to Jersey was bittersweet. The memories linger, a testament to DSN’s ability to enrich the lives of those who spent their summer days on its shore. Beach Club Program Director Caleigh expressed, “As the sun sets on an unforgettable summer, the echoes of laughter, music and shared experiences resonate. When the final Motown notes faded into the night, it marked the end of a spectacular evening and summer that will generate lasting memories and be cherished for years to come.”

ANNOUNCING A HISTORIC OCCASION FOR OUR GREATER SEPHARDIC COMMUNITY: THE STANLEY I. CHERA SAM SCHOOL (FORMERLY SEPHARDIC ACADEMY OF MANHATTAN) HAS JUST MOVED INTO THE BRAND NEW MOISE AND CHELLA SAFRA BUILDING, IN THE HEART OF THE UPPER EAST SIDE.

The school’s relocation to East 74th Street and Lexington Avenue represents the culmination of a seven-year journey, marking a pivotal moment for the Manhattan Sephardic community. The building opening solidifies the school’s presence on the Upper East Side, anchoring a critical corner of our community’s ever-growing geography.

The new facility features 12 classrooms, a sensory gym, and gardens in their three outdoor spaces, providing an ideal environment for learning and building community. Founded by Rabbi Elie Abadie, MD in 2010, the SAM School currently serves over 150 students from toddlers through third grade. Looking to an exciting future, within 24 months the SAM School plans to expand into a full elementary and middle school. This growth reflects the school’s commitment to providing stellar Jewish education in Manhattan.

“We are the first and only Orthodox Sephardic yeshivah in Manhattan,” said Trustee Haim Chera, his enthusiasm palpable. “This is the most important event in our community since the opening of Magen David Yeshivah in Brooklyn over 50 years ago.”

Standing behind this remarkable achievement are a dedicated board and parent body, with countless individuals who have made this possible. Rabbi Ariel Mizrahi (Rabbinical Leader), Chary Fox (Early Childhood Director), Michelle Dayan (Executive Director), Mary Peldman (Co-Head of Elementary School), and Dr. Rachel Harari (Co-Head of Elementary School) have been instrumental in making the dream of a central, community-focused school a reality.

As The SAM School opens its doors to its new home, it stands as a commitment to educating the future leaders of our community for generations to come.

MANAGING PARTNER DAVID HOORY SHARES HOW HE TURNED HIS ENTREPRENEURIAL DREAMS INTO A CAREER HELPING OTHERS ACHIEVE FINANCIAL SECURITY, AND EXPLAINS HOW YOU CAN DO THIS TOO.

At 12 years old, igniting my entrepreneurial spark with a small trading card booth unknowingly shaped my future, fueled my passion for business, and led me to become a life insurance agent. It’s been 19 years since I made that decision to pursue a career in financial services, and it has led to a whirlwind journey of growth, challenges, and triumphs. Today, as Managing Partner of the New York Life Brooklyn General Office, I stand as a testament to the power of daring to bet on myself and New York Life. The Brooklyn General Office is made up of an award-winning team, and is proud to have some of the highest producing agents per capita across the company.

But success isn’t just measured by these achievements, it’s about the impact we make on the lives of others. One of the most rewarding aspects of my position is seeing the impact a New York Life career can have on someone and their family. The career offers opportunities for both professional and personal growth. I get a great sense of fulfillment from my involvement with Sephardic Bikur Holim (SBH), assisting with the food pantry and offering career coaching.

Working at the Brooklyn General Office gives us the opportunity to serve our local Jewish communities in Monsey, Williamsburg, and Flatbush. This spirit of unity and community extends beyond the work we do. In our office, we have a lot of mentor and mentee relationships, which help us build unwavering support, collaboration, and shared motivation among the team.

I also take pride in the inclusive and accommodating nature of this vibrant workplace. We provide kosher meals at meetings, and there are nearby prayer services for our Jewish agents. Here, you don’t have to compromise your values or sacrifice what’s dear to you. While we proudly boast a large Jewish population in our office, it’s a melting pot of individuals from all walks of life. The rich diversity of backgrounds, experiences, and perspectives is what strengthens our team.

What’s most important to us is that we give you the opportunity to pursue your passions and chart your own path to success. You can choose to be an agent, reveling in the autonomy to create your own schedule after completing all required trainings, while unlocking a world of significant income potential. Or you can progress into a managerial position, recruit and develop your own team of agents after you have met specified sales production, licensing and other internal requirements. The choice is yours, and the possibilities are endless.

If you’re an aspiring entrepreneur or interested in making a positive impact in your community, I’m here to tell you that you can build your own practice, make a difference, and achieve personal and professional success.

Through the comprehensive training and development programs, ongoing support from the company, and your unwavering commitment, you can cultivate a rewarding career centered around protecting what matters most to individuals and families in our community. If you would like to learn more about what a career as a financial professional (agent) can offer you, then let’s talk.

David Hoory, CLF®, LUTCF®
Managing Partner, New York Life Insurance Company
dhoory@newyorklife.com
718-307-3400

New York Life is an Equal Opportunity Employer M/F/disability/veteran/sexual orientation/gender identity.

ARI BAUM CFP®

WHAT IF YOU COULD BLINK AND SUDDENLY BE LIVING THE RETIREMENT OF YOUR DREAMS? WHAT WOULD THAT LOOK LIKE? WOULD YOU BE RELAXING BY A WHITE SANDY BEACH? WOULD YOU BE ON AN ADVENTURE IN THE GREAT OUTDOORS? OR MAYBE YOU’D BE ENJOYING MORE TIME AROUND YOUR FAVORITE STOMPING GROUNDS.

Whatever you imagine — and no matter when you retire or what you want to do with all your new free time — where you live in retirement matters.

It can affect everything from your day-to-day expenses and how you get around, to your relationships and your quality of life. All of that can cost you or pay off in a BIG way, depending on where you choose to live. So how can you get it right and figure out your ideal spot?

FACTOR #1: COST OF LIVING
How much are groceries, gas, and average utilities where you want to retire or live as a retiree? What’s it going to cost you to dine out, golf, see a movie, or even live month to month in one place versus the next?

Look for that sweet spot where you can access the things you like, enjoy the good life, and still stretch your dollars far.

Tip: Research the latest cost of living data online, or take a trip to experience different places firsthand. Visiting as a tourist, you’ll really get a feel for what it costs to get around.

FACTOR #2: CLIMATE
Will you have to deal with dramatic temperatures or seasonal changes in certain retirement locations? How could that restrict your activities, create extra work, or present new risks for getting around?

Weather and climate year-round can shift wildly, depending on where you want to be. That could mean anything from more tourists and traffic to weather-related risks.

Tip: Rent for at least six months in your chosen retirement spot before taking the plunge to buy a house. That could uncover climate-related issues, like more bugs in the summer or freezing temperatures in the winter, that could be deal breakers for you.

FACTOR #3: ACCESS TO HEALTHCARE
What doctors, dentists, and/or specialists are available in different retirement hotspots? What type of access would you have to pharmacies and emergency healthcare in one area versus another? How easy or difficult will it be to get the medical equipment or supplies you need?

Even if your health is stellar right now, there’s no telling what tomorrow will bring — and it’s no secret that age can open up the door to more health issues. That could be avoided by simply thinking about healthcare needs before making a move in retirement.

Tip: Consider telemedicine, medication subscriptions, and/or medical supply delivery options. That can eliminate the need to travel at all for some of your healthcare. Also, if you’re considering moving abroad in retirement, remember, Medicare does not cover the healthcare you receive overseas.

FACTOR #4: INFLATION
The higher prices that come with inflation can put the squeeze on retirement savings. And not every area is hit the same when inflation rears its ugly head. In fact, some areas can be hit much harder, seeing prices skyrocket, while others are more insulated.

Tip: Check out food prices for a quick and easy gauge of local prices and the impact of inflation. Also, think about whether you’re open to working part-time in retirement if inflation drains your savings. Having a backup plan and knowing when to put that in play can give you some priceless peace of mind.

FINANCIAL LESSON
How to Make Better Plans For Tomorrow’s
Life In Retirement
What do you automatically consider when you’re thinking about where to live in retirement? What tends to be an afterthought — or what have you never considered before?

However you respond to those questions, the truth is you may never want to move once you retire. Does that make sense (or cents) for you?

Do you think you will end up moving at some point after you retire? There are no cookie cutter answers or solutions here, and what makes sense for your friends or your loved ones may not be realistic for you. Plus, what fits for you now may not work in 10, 20, or even 25 years as your family and your health change.

Beyond your situation and your preferences, it’s also crucial to think about the bigger picture. After all, shifts in the economy, changes in local culture, and general tech advancements can open up new possibilities. That can mean today’s plans don’t pan out to the life you want to live tomorrow. It can also mean that changing gears puts your dream retirement and a brighter future in closer reach, as long as you’re able to stay flexible and reasonably weigh out what matters most.

That’s just one piece of the puzzle. Another one is staying connected to the folks you trust and getting a fresh perspective as you make those big decisions.

The content is developed from sources believed to be providing accurate information. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results. This information is not intended to be a substitute for specific individualized tax advice. Consult with your financial professional regarding your specific situation.

Ari Baum, CFP® is the founder and CEO of Endurance Wealth Partners, with over 25 years of experience in the Financial Services industry. He brings his in-depth experience to Conceive. Believe. Achieve. for his clients.
Securities and Advisory services offered through Prospera Financial Services Inc. Member FINRA/SIPC.
Brokerage and Advisory accounts carried by Wells Fargo Clearing Services, LLC.

JOSEPH BITTON

COUNCILWOMAN INNA VERNIKOV IS ON A MISSION TO COMBAT ANTISEMITISM WITHIN THE CITY UNIVERSITY OF NEW YORK (CUNY). HER BACKGROUND AS A YESHIVAH STUDENT COUPLED WITH HER LEGAL EXPERTISE AS AN ATTORNEY, FORGED A FORMIDABLE ADVOCATE IN THE STRUGGLE AGAINST ANTISEMITISM AND ANTI-ZIONISM.

We all know how antisemitism has infested the halls of CUNY campuses in the last decade or so. This is why the councilwoman was very vocal in her response to an incident at the CUNY School of Law. When CUNY law faculty unanimously endorsed a BDS resolution, and an antisemitic commencement speaker was invited, Councilwoman Vernikov took immediate action by defunding CUNY law school by $50,000. This move sent a clear message that she would not tolerate anti-Jewish sentiments within the institution. More recently, when a second antisemitic speaker was invited, she called upon the New York State Bar to reject admitting her as an attorney in New York, citing her clear and unacceptable antisemitic and anti-American views.

The councilwoman’s commitment to fighting antisemitism at CUNY was again on display when CUNY hired Marc Lamont Hill, a figure who had been fired even by CNN due to his antisemitic statements and affiliations. Hill has supported notorious antisemite Louis Farrakhan in the past, and called for Palestine to be free “from the river to the sea”, a phrase often used by Hamas. At a protest led by Councilwoman Vernikov, she asked a poignant question: “Would CUNY allow notorious antisemite and white-supremacist David Duke to speak at a law school graduation? Never. Would the City University of New York hire David Duke to be a professor? Never.” By drawing a parallel between Marc Lamont Hill and David Duke, she underscored the importance of holding individuals with a history of hate accountable for their actions, and showed that antisemitism from the Left won’t be tolerated anymore than antisemitism from the Far-Right.

Last year, Ms. Vernikov spearheaded an unprecedented hearing in city hall that shed light on the alarming issue of antisemitism within the CUNY community that is tolerated because it is coming from the extreme Left. The hearing served as a critical platform for exposing the challenges faced by Jewish students, faculty, and staff. Finally, Jewish students and staff know that someone is determined to bring about substantial change and ensure that CUNY’s commitment to “diversity, equity, and inclusion” extends to Jewish students.

Another initiative championed by Councilwoman Vernikov was the expansion of the Israel student exchange program. By broadening the horizons of educational opportunities, she aimed to foster greater cultural understanding and empathy among students.

Additionally, she pushed for CUNY to allocate funding to support the fight against antisemitism at their colleges, ensuring that resources were available to combat the scourge of antisemitism that has reared its ugly head in Progressive institutions. After the hearing, CUNY allocated $750, 000 to antisemitism training.

And one of the more significant changes implemented, was a portal created where CUNY students can submit complaints of discrimination.

Inna Vernikov’s work did not stop at the implementation of these changes. She has been working to ensure that the measures taken at the first hearing are being executed effectively. This is why she is currently actively involved in organizing a second hearing focused on the rising antisemitism at CUNY. Her aim is to ensure that the promises made are not just a formality, but a tool for change, where grievances are reviewed and investigated in a timely and judicious manner. She recognizes that merely implementing measures is not enough; they must be enforced rigorously to make a real difference.

Inna Vernikov is also advocating for a different hiring process at CUNY, one that ensures candidates with pro-Israel views are not unfairly skipped over due to their beliefs. The same extends to the selection of commencement speakers at CUNY. She is determined to make sure that graduation speeches do not incite violence, that CUNY is a free marketplace of ideas, a safe space for conservative voices, by safeguarding the integrity and values of the institution.

Inna Vernikov’s efforts to combat antisemitism at CUNY are a testament to her dedication to her constituents. And while the challenges of eradicating antisemitism are formidable, Inna Vernikov’s positive and determined approach serves as an inspiration. When individuals with a genuine passion for justice take a stand, change is possible.

Paid for by Friends of Inna Vernikov

Joseph Bitton is a Brooklyn activist who supports conservative values.

PEOPLE ARE ALWAYS CURIOUS ABOUT THE EXCITEMENT THAT SURROUNDS CARE AND THEY WONDER WHAT MAKES THIS ORGANIZATION SO UNIQUE AND SPECIAL. WHAT IS IT THAT DRAWS HUNDREDS OF PARENTS WITH SPECIAL NEEDS CHILDREN TO CARE? WHAT MAKES THEM ONE-OF-A-KIND AND WHAT DIFFERENTIATES CARE FROM OTHER ORGANIZATIONS THAT CATER TO CHILDREN WITH SPECIAL NEEDS?

WHAT IS THE CARE DIFFERENCE?
To understand the answer is to learn about the need. Driven by parents who understand the challenges and impacts of a special child, CARE supports and provides programs for special children as well as guidance and support to the entire family as they navigate life with a special needs child. CARE for Special Children empowers parents as they cope with their struggle and CARE advisors are by their side along their journey, so they never feel alone. Connecting them with vital services, therapies, schools and specialists, it has become a lifeline to the special needs community.

While CARE may be renown for arranging memorable events and gatherings for children with special needs and their families, their mission extends far beyond that. CARE is dedicated to being a pillar of strength for families, guiding them through life’s challenges and celebrating their triumphs together. CARE is a supportive and caring community for children and families living with special needs children.

“CARE is there for you like a family, with professionalism and privacy,” said Sara Horowitz director at CARE. Our team of compassionate CARE advisors form the heart and soul of our organization. Our advisors are not only professionals, but also friends who understand the unique needs and experiences of families with special needs children. With unwavering dedication, our advisors stand by the families, holding their hands through every step of their journey.” In addition, CARE organizes special events for parents and families so they can connect with others and feel understood, as well as providing in house social workers and clinics to support parents and children.

From the moment a new family joins CARE, they are warmly embraced into CARE’s tight-knit community. They receive a welcome packet with information, treats for the family and a delivery of fresh flowers for Shabbat, all as a welcome gift. In 2023, CARE welcomed over 65 new families.

At the initial in-depth meeting, the parents meet with the CARE team, including Meyer and Victoria Safdieh, founders of CARE. Meyer and Victoria have been blessed with children that have their own unique challenges and needs and they understand the challenges that arise in navigating life with a child with special needs. The meeting culminates with CARE creating a plan of action and a full care plan for the child and the entire family.

The next crucial step that makes CARE so unique is “Implementation with Love.” As families find themselves at a crossroad, uncertain of the proper path to take, CARE connects them with the right resources, advocacy and support so they receive continued guidance and love throughout their journey. Their assigned CARE advisor works closely with them to understand their specific needs and challenges. Whether it’s finding the perfect school that caters to their child’s needs, setting a child up with CARE’s in house therapists, or even providing an encouraging pick-me-up package during difficult times, CARE is there for them in every way possible. “When it comes to an organization being there for their families, and providing overall comprehensive support, CARE is unparalleled,” said Meyer Safdieh.

A GLIMPSE INTO A DAY AT THE CARE CENTER
Throughout the day, CARE advisors call to check in with families and be sure that all the services and programs that CARE has arranged for them are working efficiently and well. During one check in, a mom mentioned that her mainstream child needed emotional support due to the impacts of the child with special needs. The advisor arranged for the sibling to meet with CARE’s in house therapist specializing in “Sibling Support.” The child now comes for weekly therapy sessions and has been flourishing! In total to date, 1,500+ siblings have benefited from CARE’s sibling programs and therapy!

Another CARE advisor is busy arranging a mom’s support group, when an emergency occurs and the advisor is notified that one of the children with special needs was just admitted to the hospital. She immediately jumped into action and reassured the family that everything would be ok. The advisor arranged for a CARE representative to meet with the parents and doctors to discuss a plan of action, while dedicated volunteers and delicious dinners were organized and sent to the family back home.

In another area of the CARE center, birthday bags are being filled with gifts and balloons and ready to be delivered to special needs children on their birthdays. In 2023 CARE delivered over 200 birthday bags as part of their birthday program!

Bing! A text comes into the CARE phone: “I want to thank you because I see dramatic improvements in my son since he started CARE’s therapy program! It did more for Ben than we could have ever imagined!” Scrolling through the phone, there are countless heartwarming messages from parents:

“I feel honored to be part of CARE parents events.”
”The yoga class changed my life!”
“I love watching my daughter smile and laugh at CARE programs.”
“You really made me cry. It’s so special how you can be there in a matter of minutes and know exactly what to do. It means a lot!”
CARE’s efforts are not merely a work of heart; CARE is heart! Families find comfort knowing they have a trusted team looking out for them and their children and they experience a sense of belonging within the CARE community, utilizing CARE’s programs and events as opportunities to connect, share and find solace in the company of others who truly understand their journey.

To date, with the support of our incredible community, CARE has welcomed close to 600 families, ensuring that no family walks alone on their journey. All are invited to utilize the many opportunities to join with CARE in making a difference in the lives of the extraordinary children and their families and to make a lasting and powerful impact. More information can be found at careforspecial.org.

PROFILES IN LEADERSHIP

RECENTLY, BOTH FAMILY AND FRIENDS CAME TOGETHER AT THE HOME OF RICKY AND JAMIE COHEN FOR THE LAUNCH OF RABBI SAM KASSIN’S BOOK PROFILES IN LEADERSHIP.

SARINA ROFFÉ

RECENTLY, BOTH FAMILY AND FRIENDS CAME TOGETHER AT THE HOME OF RICKY AND JAMIE COHEN FOR THE LAUNCH OF RABBI SAM KASSIN’S BOOK PROFILES IN LEADERSHIP.

Rabbi Sam Kassin was confined to his home in Israel during the COVID-19 crisis and focused long enough to write Profiles in Leadership with the help of Rabbi Ralph Tawil. The book outlines the influences on Rabbi Kassin’s life, those who touched him and how they led him to his passion of training rabbis and sending them out into the world to spread kiruv (Orthodox Jewish outreach).

Rabbi Kassin is best known for his 40 plus years of work at Shehebar Sephardic Center, the rabbinical college he created in Jerusalem. Since its inception in 1980, the Shehebar Sephardic Center has grown into a world-renowned institution with an outstanding reputation for high quality programs, as well as a resource for Sephardic communities worldwide.

Rabbi Kassin said that during World War II in the concentration camps, “They would give one blanket to cover five people who had to sleep together on one bed. So, if one person on the bed had to turn over, they all had to turn over and they had to learn to do it together to survive. We the Jewish people cover the world with our blanket.”

But how did Rabbi Kassin come to be the jovial happy person he is? Who did he meet along the way that influenced him and inspired the passion he has? What motivates him? In his book, Rabbi Kassin entertains readers with the stories and experiences that led to the creation of Shehebar Sephardic Center. He tells of his yeshivah training, the schools he attended, disagreements he had and how they were worked out. With his piercing blue eyes, Rabbi Kassin regales us with stories of the people he met, and what each of those people taught him.

“When you look at the insights in this book, its humbling to an extreme,” said Ricky Cohen, who hosted the book launch at his Deal home. “As a child, I watched greatness, and those who had the courage to make great decisions. I think this book should be required reading.”

The very definition of the word rabbi is teacher. In Profiles in Leadership, Rabbi Kassin is the student, learning from those around him. However, he is also the leader, developing new ideas and programs that are innovative and unique.

In his book, we see the rebellious teenager, young groom, yeshivah student, teacher and problem solver. Readers see how he interacts with world leaders. But more than anything, readers see inside the mind of Rabbi Kassin, how he is 1,000% committed to helping the Jewish people and the leadership skills he uses to get things accomplished.

Readers also get to read how people around the world perceive him—in their own words. They tell of his influence and how he helped them grow. From Rabbi Moshe Shamah and the creation of Sephardic High School to his friends in Brooklyn, everyone who played a part in his life and success are included.

“I met Rabbi Kassin in 1981,” said Rabbi Eli Mansour. “I was in Israel and he attended a bar mitzvah and ate fire. (Which is something Rabbi Kassin used to do at bar mitzvahs.) Remember that? The Lubavitcher rebbe created scholars and sent them to different locations around the world. Rabbi Kassin and his children used the same idea for Sephardim, keeping our traditions, rubbing elbows with the greatest rabbis and telling us those personal stories. Let him continue to make students and dispatch rabbis throughout the world.”

“Rabbi Kassin and I go back a long way. He truly cares for the Jewish people,” said Morris Bailey. “He works hard and gets spectacular results. He loves us, has compassion for us, and relates to us. Rabbi Kassin is down to earth, and he helps us enhance our lives. He is very special.”

Readers see the lovable yet practical nature of the founder of the Shehebar Sephardic Center and how he faced overwhelmingly impossible tasks yet succeeded in accomplishing his goals. He recounts his journey from his childhood in Miami to Brooklyn and finally to Israel.

Rabbi Ari Azancot noted that he owes his very career to Rabbi Kassin. “I was out of college and had a good job. Rabbi Yosef Bitton encouraged me to study. He took me to the Shehebar Sephardic Center and Rabbi Kassin wanted me to learn full-time. I said I have to work! He went to my uncle, and my uncle and Abe Cohen funded my learning in 1983. That’s how I got to be a rabbi. And I’ve been rabbi in Barcelona, Spain, Bogota, Colombia; Baranquilla, Colombia; France and now at Beth Torah. He is a bulldozer, he is a pusher, but Rabbi Kassin gets things done.”

The book gives readers important lessons in leadership and how personal contact with great leaders spurred Rabbi Kassin’s excited and committed approach to leadership and life. Rabbi Kassin’s unconventional approach is both unique, entertaining and inspiring.

A genealogist and historian, Sarina Roffé is the author of Branching Out from Sepharad, cookbooks and the app, Sarina’s Sephardic Cuisine. Editor of Dorot, Sarina holds a BA in Journalism, an MA in Jewish Studies and an MBA. She is president of the Sephardic Heritage Project, Co-Chair of the Brooklyn Jewish Historical Initiative and Chair of the Sephardic Research Division of JewishGen.