Goldstein On Gelt

Have you ever felt as if all the forces in the universe were stacked against you improving your financial situation? That doesn’t need to be the case! Today, Doug brings back one of the Goldstein On Gelt podcast’s most popular guests, Joe Saul-Sehy to discuss Joe’s new book, Stacked (co-written by Goldstein On Gelt former guest, Emily Guy Birken). This book provides a huge amount of information about personal finance in a way that’s fun to read and inspirational. Doug and Joe discuss whether there are certain people who should NOT keep track of their money. They also answer the question about whether you should buy stuff when you can get 0% financing (spoiler: Free money has consequences.). Finally, they dive into the topic of mortgages, how they should be structured, and the benefits of paying it off early. Joe Saul-Sehy hosts The Stacking Benjamins Show. Follow him on Twitter @AverageJoeMoney

Do you have enough money to retire and be financially secure? How do you even know what “enough” money is? Thinking about your retirement can be overwhelming, and it is natural to be concerned about retirement. The good news is the more carefully you plan for retirement, the more likely you’ll be able to make it financially. If you’re worried about retirement, download the free resource, “You’ll Have a Spectacular Retirement If You Know This One Thing.” This resource highlights the most important spending habits during retirement. How can you create a sustainable financial plan? Creating a comprehensive financial plan requires careful thinking about what you want your retirement to look like. You need to know your goals before you can attach a dollar amount to them.   If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book. Download free resource: You’ll Have a Spectacular Retirement If You Know This One Thing

What is the best way to plan in order to achieve a financially secure retirement? Is there a secret that wealthy people have that “ordinary folks” can imitate? A financially secure retirement is determined predominately by a person’s savings and investments. As you get older and your savings increase, the features of your investments should change. Take stock of where you are now, and determine a retirement plan that could serve you in the future. Listen to the podcast to find out which financial decisions will directly impact your retirement. The Goldstein on Gelt created the free resource, “What Wealthy People do to Insure a Financially Secure Retirement” as a financial guide for retired life. If you need help beginning your retirement plan, or want a reality check to make sure you’re doing the right things, download the resource now. Free Download: What Wealthy People do to Insure a Financially Secure Retirement”   If you’re not already receiving updates on new episodes, sign up now, and as a special bonus

What are your unanswered questions about creating a retirement plan? Today’s show features a listener’s question about what he needs to do to create a retirement plan and create a long-term retirement strategy. Retirement planning is not “one size fits all.” Financial situations are often complex and intertwined with an individual’s personal finances. Some investment vehicles are better tools than others when planning for retirement.   If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.

Have you heard the financial lessons of “Scatter Man” and “Generous Mom?” While identifying characteristics have been changed to maintain the privacy, there are important financial lessons to be learned from these two real-life investor stories. Learn why Scatter Man’s diversification techniques don’t work. Instead, Doug explains how to consolidate your money and how to put yourself in a position that will serve you and your investments. And, if you want to help your children, find a way to do so without the negative side effects of “Generous Mom.” After listening to these stories, are you curious about Doug’s money habits? Watch this video about Doug’s personal money management. Trying to open a U.S. brokerage account? Doug recently presented a free webinar on how to open a U.S. brokerage account from overseas. If you missed it and want to watch the replay, email doug@profile-financial.com. If you are interested in learning more about U.S. brokerage accounts, download the free toolkit designed to help intern

Do men and woman have different financial priorities? In this week’s show, Efraim and Doug talk about what’s the best way to set up your financial priorities and how to talk about it with your spouse. What is the best time of day to have a financial discussion with your spouse? Listen now to find out what Doug has to say about holding on to “good debt,” and why it might be a good idea to have a long-lasting mortgage. Another way of thinking about this is: should you invest in a high-return investment so you can make enough money to pay off your debt? Doug explains why paying off debt is in-and-of- itself a good investment. Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il

This week Doug discusses what are the key elements in a strong and healthy relationship. Most people think its “talking to one another”. But when is it right not to talk about money? Efraim Goldstein, Doug’s son, and happily married for two years and looking to continue to strengthen his marriage, asks the questions all newlyweds should know. When is it the best time to talk to your partner about your financial goals? Find out how to plan with your spouse for long term and short-term personal and financial goals How can you invest without emotion if all the big choices in life come down to emotions? Efraim is a first-year business student, former IDF officer, and an entrepreneur, running the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il

Retirement isn’t only a topic for old people, plenty of young people are concerned about it too! Today, Efraim, a young adult not even finished with university studies, asks Doug why young people like himself should be concerned about retiring… even before they start to work. In this week’s show, Efraim, Doug’s son comes back with more questions about retirement. What should a young adult do to put themselves on the path to a financially comfortable retirement? How can young people know how much money they will spend after retirement? In a surprising response, Doug explains why it’s important to know how to spend your money when you need it, and not necessarily only focus on saving. Tune in to listen to the debate if you should invest all your money in the stock market and withdraw the money as needed, or should you set aside money for retirement and not touch it until your retirement party? Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day

In this week’s show, Doug’s son, Efraim, an aspiring real estate mogul, pops into the studio and asks Doug questions about investing in real estate. In the past decade real estate prices have shot up, is now a good time to buy a house or did you already miss the chance to buy at a good price? How does the increase in housing costs relate to the steady growth of the stock market? Is it better to buy physical property or a REIT? If a REIT, what kind? Learn how you can diversify your account and invest in real estate at the same time. Doug and Efraim discuss how one could invest in real estate without worrying about the tenants. And should one try doing it on his own or though some real estate agent as one of the real estate agent’s investors, so he makes all the decisions? Efraim is a first-year business student, former IDF officer, and an entrepreneur, launching the “Day with an Officer” business. Contact him at: efraim@goldstein.co.il

Israeli divorces are different than American ones. Jay Hait, a licensed lawyer in both America and Israel, joins the show to discuss the financial implications of divorce in Israel. Learn what the most common financial mistakes made when getting a divorce and how to avoid them. Every couple needs a financial plan. Jay highlights some of the legal issue about Israeli divorces and stresses the importance of creating a binding agreements. Jay explains his own view on the financial aspect of a marriage and divorce. Do you live in Israel and have U.S. Investments? Sign up for an upcoming webinar titled Handling Your U.S. Investments from Israel. On October 24, 2018, Doug will present a webinar on how: to open a U.S. brokerage account from overseas, how to find a financial advisor tailored to you, how to recognize a reputable brokerage firm. If you’re interested in more information on U.S. brokerage accounts, Doug has created a free toolkit designed for investors. Download free resource: Opening U.S. Brokerage Ac

What does financial freedom look like to you? Believe it or not, everyone has different definitions of what financial freedom is. What situation would you have to be in to feel financially secure? Linda P. Jones, the founder of Be Wealth & Smart VIP Experience, an online investment program that mentors woman financially, joins the show today to discuss common conceptions of financial freedom and how ordinary people can reach financial security. Listen to learn the three components of financial freedom and the best way to find your personal potential for creating wealth. Linda published the book You're Already a Wealth Heiress! Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now, which is geared specifically for women who want financial freedom and are just getting started in the world of investing. However, she assures us that men can also benefit from reading the book! Do you know what to ask your financial advisor? Take charge of your first meeting with a potential financial advisor,

Even though the United States is strict about opening U.S. brokerage accounts from overseas, if you’re not a money launderer or criminal, it is easy to open a U.S brokerage account from overseas. As a financial advisor specialized in cross-border financial matters, Doug has over two decades experience in opening U.S. brokerage accounts for people who don’t have an American address. Unsure why your address might impact your ability to open an account? Listen to Doug’s discussion with Joe Saul-Sehy, podcast host of The Stacking Benjamins Show, to talk about the process a cross-border investor goes through when a U.S. brokerage account is opened from overseas. Further, Joe has a lot of experience with cross-border investing and understands what an investor can expect from the experience. Not sure if you would benefit from an American brokerage account? Download the free toolkit for investors considering whether they should open an account. Download free resource: Toolkit for Opening U.S. Brokerage Accounts from

When you die will your heirs need to pay estate tax? The distribution of a deceased person’s assets is a complicated process that may become more complicated when estate tax is involved. Ron Zalben, CPA at Aboulafa Avital Shrensky & Company law firm and frequent guest on The Goldstein on Gelt Show, shares insights on estate tax. Listen to learn if your estate will be subjected to estate tax, and what the current laws are. Did you, or are you anticipating receiving an inheritance? Doug wrote a book geared to those who have received, or are anticipating receiving an inheritance. The Inheritance Book. The book is a resource for people who recently lost a loved one. The book contains 5 essential checklists to streamline the paperwork involved in claiming an inheritance. If you need a little help getting your inheritance paperwork form in order, Doug has created a free checklist to keep you on track. Download free resource: Inheritance Paperwork Form If you have follow up questions about estate tax, be in con

If a loved one recently passed, do you know what you need to do to claim your inheritance? Israeli law requires heirs to have a transfer certificate to claim an inheritance. What is a transfer certificate? Where can you get one? Today’s guest has the answers… Ron Zalben, a partner at Aboulafa Avital Shrensky & Company, has extensive knowledge of estate tax laws and transfer certificates. Getting a certificate can be a tedious process, but it is necessary to claim or transfer any assets. Ron explains how someone receives a transfer certificate. Have you recently received an inheritance? If you received an inheritance that included a beneficiary IRA account, in order to avoid needless taxation, you need to open a U.S. brokerage. Doug explains why it is essential to find a cross-border brokerage firm. If you need a little help getting your inheritance paperwork form in order, here is a free checklist to keep you on track. Download free resource: Inheritance Paperwork Form Buy a copy of Doug’s latest book

What exactly is a power of attorney, and when would it come into play? Russell Mayer, a Senior Partner at Livnat Mayer & Company, explains what a power of attorney (POA) is and when people would typically need to use one. A power of attorney gives someone else the authority to handle your affairs in the event you can’t. There are several different types of power of attorney, and knowing which is the most appropriate can be complicated. In fact, Americans who recently moved to Israel may be surprised to find that an American power of attorney will not be recognized in Israel. There’s more to know about receiving an inheritance, other than getting cash! During September every episode is focusing on a different aspect of receiving an inheritance. Today’s episode focuses on what happens if you inherit an (Individual Retirement Account). Taking money out of a beneficiary IRA can have tax consequences so before you use the funds consult with a tax advisor, and before you invest the funds, consult with your inve

Why is it important to have a will, if it only comes into play after you no longer are alive? Russell Mayer, an estate attorney based in Israel, explains how the law distributes an investor’s assets after their death and why having a valid will makes a difference. Doug and Russell examine how a will works and who needs to be involved in creating it. Russell stresses the importance of each spouse having a separate will (some things just aren’t meant to be shared!). The death of a loved one is difficult, but the dividing assets doesn’t have to be emotionally wrought experience. Determining what arrangements you want for your family before you pass can save a lot of potential legal battles. Welcome to Inheritance Month September is Inheritance Month on The Goldstein on Gelt Show. Every episode this month, will discuss a different facet of giving and receiving an inheritance. How should you handle an inheritance? What kinds of decisions should you make during an emotional time in your life? In today’s episode, Do

Do you know how to choose a mutual fund to best meet your investment goals? Doug just created The Mutual Fund Buying Checklist to help you choose mutual funds! Download it now! In a recent listener’s letter, Doug was asked if mutual funds were still a good investment. He was also asked if it is illegal for Americans living abroad to purchase them. Listen to today’s episode to get the answers. And remember if you are an American expat, you should always work with a cross-border financial advisor who has expertise in your countries. Download free resource: The Mutual Fund Buying Checklist August is “How to Make Money in the Stock Market” Month The month of August is “How to Make Money in the Stock Market” month. All of August’s podcast will feature ways to invest in the stock market. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.

Do you know the benefits of ETFs (Exchange Traded Funds)? While some investors like to pick their own individually stocks, statistically their overall returns tend to be lower than someone who invests in a mutual fund or ETF. Listen to today’s episode to learn what to look for in choosing an ETF and how to use them effectively. Long-investors who want to hedge their bets may find that investing in ETFs is the answer to having a stress-free portfolio. Download a free resource that outlines the key components of ETFs. Download free resource: How to Choose ETFs and Have a Stress-Free Portfolio August is “How to Make Money in the Stock Market Month” on The Goldstein on Gelt Show The month of August is How to Make Money in the Stock Market Month. Every episode this month will feature ways to invest in the stock market. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.

How does an investor pick a good stock when there are so many to choose from? What if choosing a stock didn’t have to be so complicated? Download Doug’s free resource to help you make educated stock choices. The eight-point list is complete with practical advice on picking stock. However, don’t only use this list as your criteria for choosing stocks. Investors should always work closely with a professional financial advisor to build their portfolio, making sure it will both meet their investments goals and match their risk tolerance. The Smart Way to Pick Stocks is an in-depth explanation on stocks. Download free resource: The Smart Way to Pick Stocks   If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.

Wells Fargo announced they are going to end their relationship with their overseas clients and close those accounts just because the address on the account is not in America. Does Wells Fargo’s move leave you and your investments out in the cold? If you received a letter from Wells Fargo (or any other American brokerage firm) informing you that you must move your account elsewhere, don’t panic. There is a simple solution. How Profile Can Help You With over 25 years of experience with cross-border investors, Profile is able to open and maintain U.S. brokerage and IRA accounts for people who live outside the United States. Even though our office is in Jerusalem, we work with Portfolio Resources Group, which has clients in 35 countries. Our Jerusalem office focuses on clients in Israel, Europe, and the Far East. Listen to this podcast episode which tells you the basic procedures that clients need to know about transferring their accounts. Then, call the office 02-624-2788, and let’s start a con