Avoiding Costly Mistakes: Planning for U.S. Estate Tax When Married to Non-Americans
Goldstein on Gelt
Are you married to a non-US citizen? Make sure to protect your wealth! Estate taxes can cost you millions if you don’t plan carefully. What can you do about it? Give lots of gifts when you’re alive! Discover how gifting to your spouse and children during your lifetime can help mitigate estate tax burdens. Learn about the benefits of setting up a QDOT (Qualified Domestic Trust) and how it can defer estate tax, providing an income stream to your non-American spouse. Understand the importance of discussing your estate plan with professionals, and ensuring clarity to avoid...
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Managing U.S. Pension and IRA Plans from Israel
Goldstein on Gelt
If you are an American living in another country, it’s important to understand your US pension plan. This guide will help you know how to manage your pension or 401(k) from abroad, whether you are in Israel, Europe, or anywhere else. Perhaps you worked in the U.S. and saved money in a 403(b), 401(k), or other type of pension plan. Now, you live in a different country and you’re finding it difficult to manage your retirement account. One possible solution is to move your pension plan into an IRA. Moving your pension plan into an IRA may allow you to control your money better,...
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Financial Planning for Illness and Death
Goldstein on Gelt
Financial planning is always important, but it’s especially crucial when health issues arise. A well-built plan allows you and your family to focus on health and family connections, without worrying about the day-after. How can you make sure you are setting yourself up for a smooth transition of wealth to your family? Tune in and learn about the nuances of managing shared accounts, the pros and cons of transferring control to family members, and the critical role of clear communication in preserving both wealth and relationships. Some key insights: Learn how to effectively shift...
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The Stress-Free Investment Method
Goldstein on Gelt
Are You Overlooking the Importance of a Financial Plan? When was the first time you spoke with a financial planner? Let me tell you about a retired couple who I met who had never spoken to a financial planner before. The couple's lack of understanding about the role of a financial planner and the way their investment portfolio was built, highlighted a common misconception among individuals when it comes to managing their finances. When sitting down with a Certified Financial Planner™ practitioner (CFP®) who is dedicated to understanding your unique financial situation, and guiding...
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How to Overcome Family Pressure in Investing
Goldstein on Gelt
Family pressure can be overwhelming when it comes to finances. Learn how to handle those pressures correctly, allowing you to build a financial portfolio that suits you perfectly. Here are some key points discussed in the show: 1. Understand your investments: If you find yourself investing in products you don’t fully understand, seek advice from a qualified third party, such as a financial planner. 2. Address family pressures: In the face of conflicting advice from family members, it’s crucial to have an unbiased third party on your side. 3. Simplify your investments:...
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When Real Estate Investments Turn Sour
Goldstein on Gelt
Are you considering investing in real estate? Or perhaps you already have real estate investments in your portfolio? If so, it's crucial to understand the potential risks and challenges that can arise. The following stories of two individuals who encountered unexpected scenarios with their real estate investments provide valuable insights and lessons for anyone navigating the world of real estate. The first case revolves around a client who initially appeared to be a successful real estate investor. He exuded confidence in his portfolio, claiming lucrative real estate deals and assured...
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How to Invest for Growth
Goldstein on Gelt
Financial planners frequently meet with folks who want to invest for growth. After all, who doesn’t want to see their portfolio grow? But, growth also means capital gains tax. Are there any investments that encourage portfolio growth but have limited tax liability? On today’s show, Doug answers a listener question about investing for growth. “Jeff” asks if there are investments that encourage portfolio growth, but have little tax liability. While an investment advisor, and not a tax advisor, Doug answers several aspects of the question: Are there conservative investments that offer...
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Getting Ready Financially for Divorce
Goldstein on Gelt
Tips for Managing Your Finances During Divorce for a Smooth Transition Divorce can be a daunting and emotional journey, one that is fraught with legal, emotional, and financial challenges. In this post, we'll explore key takeaways Douglas Goldstein discussed on The Goldstein on Gelt Show and delve deeper into essential financial considerations when navigating divorce. Seeking Professional Assistance One of the most critical pieces of advice is to seek professional help when dealing with divorce-related financial matters. Consulting with an experienced lawyer is essential to...
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6 Strategies for Happier Investment Decisions
Goldstein on Gelt
Behavioral finance is a critical area that merges psychology with finance to understand why people make irrational financial decisions. It’s important to note that people’s emotions, cognitive errors, and biases often drive these decisions, leading to poor investment choices. Being happy while dealing with investments is crucial. Let’s examine some of the psychological aspects of investing and how they can be managed to create a better and less stressful investment experience. Psychological Aspects of Investing Analysis Paralysis Analysis paralysis is a common issue...
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Moving to Israel in Retirement: Financial Planning and Practical Tips for Olim
Goldstein on Gelt
Doug delves into the topic of retirement planning and financial considerations for Americans moving to Israel. He shares insights on the practical aspects of living in Israel and the financial implications of the move. Retirement is often depicted as a time of relaxation, but as Doug reveals, many retirees find themselves busier than ever, having the time of their lives. For those contemplating a move to Israel, it's essential to have a well-thought-out plan, especially in terms of financial preparedness. To do this, it’s crucial to seek professional guidance to help you navigate the...
info_outlineTo become a top investor, you need to develop certain personal qualities.
Award-winning speaker and author Corey Poirier explains why personal passion and knowing your goals are necessary for financial success. Find out why learning how to deal with failure is important to success.
For more information about Corey Poirier’s public speaking course, click here.
Follow Corey Poirier’s other work at - http://thepassioncure.com/ and on Twitter @thatspeakerguy.
Today’s show features financial advisor Joe Saul-Sehy as a guest co-host, along with regular host Douglas Goldstein, CFP®. The discussion focuses on why dividends are an important part of an investment and why it’s not a good idea to include working after retirement as part of your financial plan.
Follow Joe Saul-Sehy at www.stackingbenjamins.com and on Twitter @AverageJoeMoney