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...
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Understanding RMDs: A Simple Explanation
Goldstein on Gelt
Are you approaching the age of 73 or have inherited an IRA account? If so, understanding Required Minimum Distributions (RMDs) from IRAs is crucial. In a recent episode of The Goldstein On Gelt Show, Douglas Goldstein discussed RMDs in detail and answered a listener letter regarding RMDs for inherited IRAs. Here's a summary of the key points to help you navigate RMDs and avoid potential penalties. What Are RMDs? RMDs are the IRS's way of ensuring that the funds in your IRA, which have grown tax-deferred over the years, are eventually taxed. Once you reach the age of 73, the IRS...
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The Journey to Expatriation
Goldstein on Gelt
In "The Journey to Expatriation," we delve into the complex world of expatriation, featuring the real-life journey of a couple navigating the process of giving up U.S. citizenship. Join Doug as he uncovers the emotional, legal, and financial considerations behind this significant decision. Discover how this life-altering choice impacts estate planning, tax implications, and even charitable giving from an IRA. If you've ever wondered about the intricacies of expatriation, this episode is a must-listen. Tune in to gain valuable insights and hear firsthand experiences on this...
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Don't be a DIYer: U.S. Cross-Border Investments in Israel
Goldstein on Gelt
Taking Control of Your Finances or Partnering Up With Experts? A Critical Decision for U.S. Expats Living in Israel! Are you a DIY investor? Curious about the benefits of working with a financial advisor? Join Doug as he discusses the pros and cons of managing your own portfolio versus seeking professional guidance. Discover the importance of expertise, personalized strategies, portfolio diversification, and ongoing support from a financial advisor. Find out why more DIYers are turning to advisors for financial stability and explore how you can make informed investment...
info_outlineWhat are the steps you need to take before retirement?
What are the critical things you must do before you clean out your desk at work?
Hopefully you’ve accumulated a significant amount of savings to supplement your pensions before you retired.
But how that money is invested may be even more important than the fact you have savings.
An investor should consider their portfolio’s asset allocation and its tax efficiencies before retiring. What kind of situation is your portfolio in? Are your investments growing in taxable accounts or are they in tax-deferred accounts?
Should an investor be aggressive in their portfolio or conservative after retiring?
The resource Steps You Need to Take 5 Years before Retirement was made for every investor on the road to retirement.
Download the free resource: Steps You Need to Take 5 Years before Retirement
What happens after retirement?
Retirees that stay engaged and productive are happier in all aspects of their life.
What will you do after you retire?
Make sure that you’re not only” retiring from” work, but you “retire to” do something that makes you fulfilled.
Understanding exactly how you’ll spend your time is the first step to understanding your retired financial position. Consider what a purposeful retirement looks like for you.