Goldstein on Gelt
The Goldstein on Gelt Show is a global investment and financial planning radio show designed to educate and entertain its listeners with financial strategies and investment tips. Douglas Goldstein, CFP® hosts the weekly show, which can also be heard at www.goldsteinongelt.com, and is the director of Profile Investment Services, Ltd., www.profile-financial.com.
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Financial Planning for Illness and Death
04/18/2024
Financial Planning for Illness and Death
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 financial authority to a trusted individual within the family, balancing legal necessities with personal dynamics. Learn about the importance of transparent discussions about financial matters with family members, especially in light of health changes. Discover some of the tools available, such as powers of attorney and trusts, that allow your wishes be followed. Professional advice from financial and legal advisors is crucial in creating a seamless and effective estate plan that aligns with your long-term goals. For more information, visit the show notes at
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The Stress-Free Investment Method
04/11/2024
The Stress-Free Investment Method
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 you through the complexities of investing, you are setting yourself up for success. Building a comprehensive financial plan and working with a professional team (financial planner, accountant, and lawyer) can lead you to financial well-being. A few points to consider: 1. Importance of a Financial Planner: Many individuals often focus solely on their investment portfolios without considering the broader financial picture. A Certified Financial Planner™ practitioner can help guide you through essential aspects of financial planning, including retirement goals, family, expenses, insurance, and health—providing a comprehensive view of your finances. 2. Understanding Your Investments: Having a clear understanding of all your investments and their implications on your overall financial situation is crucial for proper financial well-being. 3. Partnering with Professionals: Partnering with a financial planner (and other professionals) doesn't mean surrendering control. Instead, it equips you with a supportive team who can handle administrative tasks and provide advice, while you remain in charge of making the final decisions. 4. Empowerment and Peace of Mind: When you have a strong financial team in place, it empowers you to focus on the bigger financial picture. It can alleviate concerns about making financial decisions, especially during times of illness or unexpected events, offering you and your family peace of mind. To learn more about managing your finances and gaining a deeper understanding of the role of a financial planner, tune in to The Goldstein On Gelt Show and explore the valuable insights provided in each episode. Remember, taking charge of your financial well-being is one of the most important steps you can take for a secure and stress-free future! If you're not already receiving updates on new episodes, , and as a special bonus, receive Doug's free ebook .
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How to Overcome Family Pressure in Investing
04/04/2024
How to Overcome Family Pressure in Investing
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: Following the KISS principle (Keep It Simple, Stupid), opt for straightforward and understandable investments. 4. Regularly review and consolidate your investments: Consolidating and regularly reviewing your investments can bring clarity and empower you to take charge of your portfolio. If you're not already receiving updates on new episodes, , and as a special bonus, receive Doug's free ebook .
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When Real Estate Investments Turn Sour
03/28/2024
When Real Estate Investments Turn Sour
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 cash flow from his properties. However, as time unfolded, the reality did not match his optimistic projections. Unforeseen circumstances such as the impact of external factors, including the COVID-19 pandemic, led to a drastic reduction in the expected income from his real estate investments. One of the crucial insights gleaned from this story is the significant impact of underestimating risk and overestimating returns. The client's assumptions about the reliability and sustainability of his real estate income proved to be misplaced, resulting in unanticipated financial strain and the need to reevaluate his entire investment strategy. The second story featured a younger client who had invested $50,000 in a real estate deal in Wisconsin. He initially contemplated withdrawing additional funds from his brokerage portfolio to invest in another promising real estate opportunity. However, after sharing the challenges faced by the first client, he reconsidered his decision. He understood the risk of putting all his eggs in one basket and preferred to stick with a more secure, diversified portfolio. While real estate can be a valuable component of a well-structured investment portfolio, allocating a significant proportion of one's assets solely to real estate can expose an individual to heightened risks and vulnerabilities. The allure of real estate, with its promises of passive income and appreciation, should be balanced with a comprehensive understanding of the potential downsides and the need for diversification. It's vital to approach real estate investments with prudence, ensuring that they complement a comprehensive investment strategy rather than overshadowing or dominating it. By building a diversified investment approach and thoroughly understanding the nuances of each area of your portfolio, you can navigate potential challenges while maximizing the opportunities for financial growth and stability. Consider conducting a comprehensive review of your investment portfolio. Assess the proportion of your assets allocated to real estate investments and evaluate how they harmonize with your overall investment strategy. If you're not already receiving updates on new episodes, , and as a special bonus, receive Doug's free ebook .
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How to Invest for Growth
03/14/2024
How to Invest for Growth
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 reasonable growth? What are the common mistakes people make when investing for growth? What is the best way to minimize tax on your investment? One way to invest for growth is through a SMA – a Separately Managed Account. Watch a short clip on Account. If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
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Getting Ready Financially for Divorce
03/07/2024
Getting Ready Financially for Divorce
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 navigate the legal complexities inherent in divorce proceedings. Additionally, engaging the expertise of a financial advisor is invaluable in assessing the impact of divorce on long-term financial planning. Understanding Expenses and Budgeting Many individuals are often unaware of the actual amount they spend every month. It's crucial to have a clear understanding of your expenses, including routine spending and potential future financial obligations resulting from a divorce. Keeping meticulous records of financial transactions, and anticipating upcoming expenses are essential steps during a divorce. These records serve as invaluable tools for financial advisors and lawyers when negotiating asset division and settlements. Gathering Financial Information Organizing all your financial information is paramount when preparing for divorce. This includes gathering statements from bank accounts, credit cards, retirement funds, investment portfolios, mortgages, and tax returns. Having comprehensive documentation at hand facilitates the process of evaluating assets and liabilities, thus enabling fair and informed decision-making. Avoiding Major Financial Decisions During times of emotional distress like divorce, making major financial decisions may seem enticing as a temporary escape. However, avoiding substantial financial decisions amidst marital discord is imperative. Big-ticket expenses like buying a new house, a car, or making substantial investments can further complicate the financial implications of divorce. Hence, refraining from significant financial commitments is vital for minimizing additional financial strain during a divorce. Building a Reserve Fund Creating a reserve fund is a prudent measure, especially during the tumultuous period of divorce. Accumulating cash reserves safeguards individuals from potential liquidity challenges that could arise during the divorce process. This fund can be instrumental in covering legal fees, and unexpected expenses, and ensuring financial stability during the subsequent transition. Reevaluating Tax Implications Divorce often carries significant tax implications, warranting a comprehensive assessment of tax responsibilities related to asset division, alimony, and child support. Consulting with a tax professional ensures a thorough understanding of the tax implications linked with divorce settlements and financial decisions. Crafting a Long-Term Financial Plan Formulating a robust and realistic long-term financial plan is indispensable post-divorce. This may involve establishing new financial goals, revising investment strategies, and reassessing retirement planning to ensure financial stability under the altered circumstances. Securing Professional and Emotional Support Navigating divorce involves not only financial complexities but also emotional and psychological challenges. A support network comprising legal professionals, financial advisors, and emotional support resources can provide comprehensive assistance during this tumultuous phase. Navigating a divorce is a multifaceted and challenging process, particularly when viewed through a financial lens. Taking proactive steps to mitigate possible financial issues, is pivotal in ensuring a smooth and equitable transition through the complexities of divorce.
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6 Strategies for Happier Investment Decisions
02/29/2024
6 Strategies for Happier Investment Decisions
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 many investors face. With countless investment options available, individuals can become overwhelmed, and as a result, they may not make any investment decisions at all. This can lead to missed opportunities and unproductive financial stagnation. Fear of Missing Out The fear of missing out (FOMO) is another psychological challenge that investors often grapple with. This fear, driven by the desire to replicate others’ financial successes, can lead to impulsive and high-risk investment decisions. Recognizing and managing this fear is essential to avoid detrimental financial choices. Overemphasis on Short-Term Volatility Another psychological challenge in investing is placing excessive emphasis on short-term market fluctuations. Reacting emotionally to daily market movements can lead to poor decision-making and can negatively impact long-term investment strategies. Complexity in Cross-Border Investing For those dealing with cross-border investments, the complexity of managing investments in multiple countries can be overwhelming. Regulatory hurdles, tax implications, and cultural differences in investment philosophies can create significant stress for expatriates and immigrants. Managing Your Stress Investing your money is stressful, but it doesn’t have to be overwhelming. Managing stress effectively can lead to better investment outcomes and a more enjoyable investing experience. Here are some strategies to help lower stress and improve investment decision-making: 1. Simplification and Focus Consolidating and simplifying investment accounts can help you gain a clearer understanding of your financial situation. By focusing on a defined investment strategy, you can avoid being overwhelmed by too many choices and better manage your portfolios. 2. Diversification Diversifying investments is an essential strategy to spread risk and avoid excessive exposure to any single investment. By diversifying across different asset classes and sectors, investors can lower the risk of significant losses caused by a single investment’s failure, thus leading to a more relaxed investment. 3. Develop a Plan Having a clear financial plan can help you stay focused on your long-term objectives and avoid making impulsive decisions based on short-term market movements. A well-defined plan provides a roadmap for achieving financial goals and reduces anxiety about investment decisions. 4. Build a Resilient Mindset Engaging in stress management techniques, such as meditation, physical exercise, or taking regular breaks from financial decision-making, can promote a resilient mindset. A calm and focused approach to investing can lead to better decision-making and reduced emotional reactivity to market swings. 5. Educate Yourself Continuously learning about investment concepts, market dynamics, and financial planning can empower you to make better-informed decisions. Well-informed investors are better equipped to manage their financial stress and maintain a long-term perspective on their investments. 6. Choose a Good Advisor Selecting the right financial advisor who prioritizes understanding the client’s individual needs and goals is essential. A good advisor should focus on building a personalized financial plan aligned with the client’s objectives rather than pitching investment products. Armed with these valuable insights and tips, it’s time to implement them so you can experience a happier and less stressful investment journey. Happy investing, and may your financial journey be filled with success and joy! Stay updated on personal finance insights, investment strategies, and expert interviews, by subscribing to The Goldstein on Gelt Show.
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Moving to Israel in Retirement: Financial Planning and Practical Tips for Olim
02/22/2024
Moving to Israel in Retirement: Financial Planning and Practical Tips for Olim
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 complexities of cross-border financial matters and estate planning. What should you do now? 1. If you have questions about financial planning and moving to Israel, reach out to a financial professional with expertise in cross-border financial matters. 2. Sign up for both the and the email lists to receive valuable insights and updates on retirement planning, financial considerations, and cross-border financial matters. By taking these two steps, you can better equip yourself with the knowledge and guidance needed to navigate the financial aspects of moving to Israel and ensure a secure and well-planned retirement. Correction: In this episode, Doug said that you get a 10 year tax holiday in America after making Aliya, when the tax holiday is in Israel
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Understanding RMDs: A Simple Explanation
02/15/2024
Understanding RMDs: A Simple Explanation
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 mandates that you withdraw a certain amount from your traditional IRA each year. This amount is determined by a formula based on your age and the total value of your IRA at the end of the preceding year. Inherited IRAs and RMDs If you have inherited an IRA from a someone, you might also be subject to RMDs. In the case of an inherited IRA, the IRS requires beneficiaries to withdraw the entire amount within a specific timeframe, usually within ten years of the original account holder's death. Penalties for Failing to Take RMDs It's essential to stay on top of your RMDs to avoid potential penalties. For instance, failing to take your RMD can result in a 50% tax penalty on the amount you were supposed to withdraw. However, recent legislation has reduced this penalty to 25% or even 10% under specific conditions. Donating RMDs to Charity One strategy to potentially reduce the tax impact of RMDs is to donate the withdrawn funds directly to a qualifying charity. This can potentially help reduce your tax burden while supporting a cause you believe in. What should you do? Seek professional advice to ensure your portfolio complies with IRS regulations, and to make sure you are informed about any changes in relevant legislation. If you're living outside the United States and need personalized financial guidance, reach out to Profile Investments Services, Ltd. Profile specializes in assisting individuals outside the United States with U.S. investment accounts. Subscribe to the Profile and for more valuable financial tips and updates.
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The Journey to Expatriation
02/02/2024
The Journey to Expatriation
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 compelling journey. Reach out to Doug Goldstein at for more personalized advice, and make sure to give a 👍 to the “Goldstein on Gelt” show for insightful financial podcasts tailored for life in Israel.
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Don't be a DIYer: U.S. Cross-Border Investments in Israel
01/31/2024
Don't be a DIYer: U.S. Cross-Border Investments in Israel
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 decisions. If you're considering working with a cross-border financial professional, this episode is a must-watch! Enjoyed learning from this post? Don't forget to share it! Reach out to Doug Goldstein at for more personalized advice, and make sure to give a 👍 to the "Goldstein on Gelt" show for insightful financial podcasts tailored for life in Israel.
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Tax Planning Tips for Americans Living in Israel | Reduce Tax Liabilities and Maximize Savings!
01/25/2024
Tax Planning Tips for Americans Living in Israel | Reduce Tax Liabilities and Maximize Savings!
Yosefa Uber, an expert accountant specializing in American taxes for residents of Israel, sits down with Doug to go over: Qualified Charitable Distributions (QCDs) allow you to donate money from your IRA directly to charity tax-free instead of taking required minimum distributions To qualify, the money must go directly from your IRA to the 501(c)(3) charity - You can donate up to $100,000 per year per individual this way Benefits: Helps you meet your required minimum distribution without paying tax, allows you to donate to charity tax-free Eligibility: You must be over age 70.5 when making the donation Keep receipts as documentation even though the distribution doesn't show up as taxable income Consider connecting your investment advisor and accountant so they can coordinate advice Resources: Interview guest Yosef Huber provides US tax services for Americans in Israel () If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook .
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Being a Good Steward of Family Wealth
01/18/2024
Being a Good Steward of Family Wealth
Doug discusses what it means to be a good steward of family wealth and how to pass on your financial legacy to future generations. He provides advice for teaching children financial responsibility from a young age and bringing adult children into important financial discussions. Key points: The importance of passing on not just money, but also financial values and responsibility to heirs Pitfalls of relying solely on professional trustees to manage family money long-term Even a perfect trust document can't guarantee your wishes will be fulfilled long-term You must focus on teaching your heirs financial responsibility while you're still around Share information about your finances with grown children and bring them to meetings Getting kids involved with earning, saving, and giving at a young age Helping adult children pursue their goals without fully supporting them Utilizing specialized help like lawyers and financial advisors Listen and share now! 🎧 If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook .
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Are You in Danger of Getting Dropped by Your U.S. Investment Advisor?
01/11/2024
Are You in Danger of Getting Dropped by Your U.S. Investment Advisor?
Are you an American living abroad, specifically in Israel, facing difficulties with US brokerage firms terminating your accounts? Join Doug Goldstein, licensed in both the US and Israel, as he sheds light on this ongoing issue and provides expert advice. Discover why compliance with international regulations poses challenges for these firms, leading to account closures. But fret not! Goldstein recommends specialized companies like Profile Investments to help address your financial needs. Stay tuned for more fascinating discussions on the Goldstein on Gelt Show and don't forget to leave a positive review, like, and share with your fellow expats globally. Let's navigate through these challenges together!
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One Common Myth About Receiving a Cross-Border U.S. Inheritance While Living in Israel
01/04/2024
One Common Myth About Receiving a Cross-Border U.S. Inheritance While Living in Israel
Doug discusses the myth that it is illegal for people who move to Israel or inherit money from the U.S. to keep their investments in American accounts. He explains why this myth exists and how it can actually be beneficial to maintain U.S. investments after making Aliyah or receiving an inheritance. A few key points: It is absolutely legal for Israelis to keep money and investments in U.S. accounts like brokerage, bank, IRA, etc. Some big U.S. firms ask Israeli clients to leave due to bureaucracy and compliance issues, not because it's illegal Keeping U.S. investments can be beneficial for language, tax, and investment reasons There are procedures to transfer U.S. inheritance and IRA accounts to Israeli residents. May require extra steps Work with a cross-border financial advisor who understands both U.S. and Israeli systems If you're not already receiving updates on new episodes, , and as a special bonus, receive Doug's free ebook .
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Year End Financial Planning Tips
12/28/2023
Year End Financial Planning Tips
Financial advisors and investment professionals, As we bid goodbye to 2023, let's take a moment to reflect on the state of our portfolios and plan for the new financial year. 📌 Year-End Portfolio Snapshot Understanding the precise value of your portfolios is essential. An approximate ballpark isn't adequate. Need clarity? Look it up. Update any impending changes that can affect your investments, such as income alterations, revised gifting plans or fluctuating portfolio values. 💡 Why It Matters Your financial decisions hinge on the snapshot of where you stand now. A million and a million and a half are not the same; precision is key. Updates such as salary changes or changing investment goals can massively impact your financial plan. ⚖️ Planning for the Future Use your current financial situation as a starting point to set goals for the coming year. Be proactive and regular in your check-ins with your financial advisor to ensure you're on the right track. The roller-coaster that was 2023 brought several ups and downs. Let's use the lessons we've learned to make more informed financial decisions in 2024. Let's empower ourselves with awareness and plan strategically for a sound financial future. If you're not already receiving updates on new episodes, , and as a special bonus, receive Doug's free ebook .
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How to Play Nice with the IRS When Transferring Money Overseas
11/30/2023
How to Play Nice with the IRS When Transferring Money Overseas
Living in Israel with U.S. investment accounts? Be careful when transferring money overseas! In this insightful recording, Doug Goldstein, CFP®, GFP®, founder of Profile Investment Services, Ltd., unveils essential tips and best practices for successful cross-border investing. From working with reputable financial institutions to maintaining meticulous records, he shares expert advice on navigating the complexities of transferring money overseas. Key pointers from the show: Make sure to report all of your foreign financial accounts to the IRS. Violations may lead to severe penalties. Choose reputable financial institutions to work with when transferring money to ensure compliance and avoid potential issues. Be transparent with the IRS and report all financial transactions accurately. Avoid using checks or traveler’s checks. The preferred method of money transfer is wire, this lowers the risk of raising red flags with the IRS. Document all your transactions to ensure a clear financial record. These are valuable points to consider when dealing with cross-border financial transactions. Please share your thoughts and experiences on this in the comments below. If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook .
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Managing Sequence of Returns Risk
11/25/2023
Managing Sequence of Returns Risk
In the world of investing, it's not just about the highs but managing the lows, especially when approaching retirement. Here's why discussing sequence of returns risk is crucial: - 📉 **Volatility Management**: Buying high and selling low is a surefire path to investment failure. It’s important to understand the importance of timing in the withdrawal phase. - 🏦 **Portfolio Diversification**: Balancing your investments with bank deposits, cash, and bonds can help mitigate risks during market downturns. - 🌎 **Cross-Border Considerations**: For those living abroad, integrating financial advice that's specific to your residency and situation, like tax implications, is key. Don't fall victim to sequence of returns risk. Let's pave the way for your secure financial future! If you're not already receiving updates on new episodes, , and as a special bonus, receive Doug's free ebook .
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Investing with Purpose: Understanding the ‘Why’ for Financial Success
11/23/2023
Investing with Purpose: Understanding the ‘Why’ for Financial Success
The biggest mistake many investors make is focusing solely on returns without considering why they are investing in the first place. In this insightful recording, Doug shares valuable insights on the importance of understanding the ‘why’ behind your investments. By identifying your financial goals and motivations, you can align your investment strategy to achieve meaningful results. Discover how purpose-driven investing can: Foster family connections Support charitable causes Leave a lasting legacy Doug also delves into the benefits of solving financial problems today, rather than leaving them for future generations. Tune in to this empowering discussion and design your investment portfolio to reflect your personal goals and beliefs. If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook .
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Don’t Get Undercut by Sequence of Returns Risk in Retirement
11/16/2023
Don’t Get Undercut by Sequence of Returns Risk in Retirement
In this insightful recording, Doug sheds light on the critical concept of ‘Sequence of Returns Risk’ and its impact on retirement planning. Discover why timing is everything when it comes to investment returns, especially during the crucial early years of retirement. Doug provides expert advice on diversifying your portfolio and shares valuable tips on safeguarding your wealth by allocating a portion of your investments towards more conservative, more liquid assets such as cash, bonds, and bank deposits. Learn how to protect your retirement nest egg and navigate potential tax implications with the help of a knowledgeable financial advisor. If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
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Shabbat Everyday
11/09/2023
Shabbat Everyday
Doug Goldstein is diving into a topic that has been bothering him lately—unrealistic expectations in financial goals. Instead of focusing on sound investment strategies and long-term planning, people are consumed by the desire for quick and massive returns. But is that really the right approach? In this episode, Doug delves into why setting realistic goals is crucial for financial success and how chasing high returns can lead to unnecessary risk. He also shares insights from a recent networking event and discusses the importance of communication in the world of investing. So, sit back, relax, and join us to explore the true value of financial planning on The Goldstein On Gelt Show. If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
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Access Your Money: Lessons from a Five-Year Inheritance Battle
11/02/2023
Access Your Money: Lessons from a Five-Year Inheritance Battle
How can a lack of estate planning and clear instructions regarding asset distribution lead to family disputes and disagreements? Welcome to another episode of The Goldstein On Gelt Show, where we delve into the world of finance, estate planning, and everything in between. In today's episode, titled "Access Your Money: Lessons from a 5-Year Inheritance Battle," Doug shares a cautionary tale of an individual who faced a frustrating and lengthy ordeal to inherit his mother's assets. Topics include: The importance of proper estate planning and how it can save your loved ones from unnecessary complications The consequences of inadequate financial preparation and the steps you can take to ensure a smooth transition of wealth How to access your money wisely If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook .
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Why Working with a Cross-Border Advisor is Crucial for Olim with US Investments
10/26/2023
Why Working with a Cross-Border Advisor is Crucial for Olim with US Investments
What are some specific challenges that Americans living in Israel face when it comes to managing their US investments? How can a cross-border investment advisor assist in addressing these challenges? Doug addresses the importance of understanding what your advisor truly understands about you when it comes to your finances: Why, as a cross-border financial planner, working with an advisor who understands both your situation in Israel and your investments in the United States is crucial. The limitations of working solely with either a U.S. or an Israeli advisor The need for expertise in cross-border investing. Doug also shares real-life examples of the risks and challenges faced by Americans living outside the US, emphasizing the need for specialized knowledge in navigating tax issues and financial planning. If you're a cross-border investor or planning to become one, this episode is a must-listen as Doug delves into the importance of working with a cross-border investment advisor who can provide the comprehensive understanding and guidance you need. If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook .
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Over-Concentration: The Silent Threat to Your Retirement Portfolio
09/28/2023
Over-Concentration: The Silent Threat to Your Retirement Portfolio
How do you think Bill Gates' financial advisor would have advised him regarding the concentration of his wealth in Microsoft stock? Welcome to another episode of The Goldstein On Gelt Show with your host, Douglas Goldstein. In this episode, Doug dives into the topic of over-concentration in investment portfolios. He discusses: The risks and little benefits associated with being heavily invested in one or two positions The importance of diversification and the potential consequences of neglecting it Stories of real life clients who found themselves in precarious situations due to over-concentration PLUS! Practical advice on how to avoid falling into this common investment trap. So, if you're looking to build a strong and well-diversified portfolio, stay tuned as Doug offers his expert insights on this critical topic. If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
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Vacation is a Value Decision
09/21/2023
Vacation is a Value Decision
When you choose to go on vacation, you're prioritizing experiences over money in the bank or investments. It's a value decision. But that doesn't mean you shouldn’t invest in experiences with your family or put all your money in the stock market! Let's talk specific goals and why you should always start with why. Join host Douglas Goldstein as he shares important financial insights he uncovered during his recent family vacation. When planning a vacation, we often make value decisions, prioritizing experiences over keeping all our money in the stock market. Douglas encourages listeners to have specific goals and understand why they are investing. It's not just about the numbers but about creating a life you envision and leaving a meaningful legacy for your loved ones. Doug also breaks down the concept of total return, explaining the different ways one can make money - capital gains, dividends, and interest. He also explores two different investment approaches: the bucket strategy and the total return strategy. The bucket strategy involves dividing your investments into different buckets to fund specific goals, such as vacations or leaving an inheritance. On the other hand, the total return strategy focuses on managing and maintaining a portfolio where income from various sources can be utilized for different purposes. No matter which approach resonates with you, it's crucial to align your financial decisions with your long-term goals and personal preferences. Don't miss out on these key insights that can shape your investment journey.
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It’s All Decided on Rosh Hashana
09/14/2023
It’s All Decided on Rosh Hashana
In what ways does Rosh Hashana impact our financial situations for the coming year? Doug explores the connection between Rosh Hashana and your financial future. Discover how the decisions made on this auspicious day can impact your investments and money matters for the entire year. You’ll uncover the fascinating concept of predetermined finances and learn how your choices can shape your financial destiny. Doug also shares insights on the importance of giving back, with a special emphasis on the power of charity. Don’t miss out on this thought-provoking episode that will make you reevaluate your perspective on work, life, and wealth. [00:02:09] Your actions influence your income and life [00:04:37] 20% earnings to charity, recommended by financial advisor [00:08:20] Questions to ask: What will you do? Why? Who will you help? Ultimate response to God’s role: Take action, work, save money [00:02:09] Your yearly income is predetermined, but your spending choices can influence it [00:04:37] The importance of giving 20% to charity, inspired by successful businessmen [00:08:20] Questions to consider: What will you do with it? Why do you want it? Who do you want to help? God may decide, but it’s up to you to make it happen through work and savings
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5 Tips for Business Management
09/07/2023
5 Tips for Business Management
Are you an entrepreneur looking to run a thriving business in Israel? 🇮🇱 Then you don’t want to miss this episode of The Goldstein On Gelt Show with host Douglas Goldstein. In this episode, Doug shares his top 5 tips for business management in Israel that will take your company to the next level. From the importance of networking and building connections to navigating the complex world of taxes, Doug dives deep into the key strategies every business owner needs to know. Plus, discover: The critical Israeli word that can make or break your success How to stay connected with your network How planning for taxes can save you from financial nightmares If you’re ready to take your business to new heights, then tune in to The Goldstein On Gelt Show and get ready to be inspired. Need help opening and maintaining U.S. investment accounts in Israel? We specialize in helping Americans living in Israel manage their investment accounts, savings, and retirement plans. How can we help you with your American portfolio? Call 02-624-2788 (or toll-free from U.S.A. 1-888-327-6179) for your free Cross-Border Financial Evaluation. Join our email list:
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Why You Need an American CPA Even if You Live in Israel
08/24/2023
Why You Need an American CPA Even if You Live in Israel
Americans living abroad still need to pay U.S. taxes, so if you are an oleh, it might be a good idea to find an American CPA in Israel. Why would an American CPA in Israel be better than hiring an American CPA who sits in America? Yosefa Huber, an American CPA in Israel answers this very question. She helps American citizens living in Israel stay compliant with U.S. tax laws. Yosefa explains why American citizens, even those living abroad, aren’t exempt from filing a U.S. tax return. She also debunks some of the misguided excuses from U.S. expats who think the American tax code doesn’t apply to those living overseas. (Note that I’m a financial advisor, not a tax advisor. Speak with a professional accountant for tax advice.) Get your pens ready for a checklist Doug has created a simple checklist titled . The checklist covers all the major questions an American living in Israel (or any other foreign country) should ask before choosing a financial advisor. For more information on choosing a financial advisor, watch Doug’s video . Download free resource: To learn more about Yosef Huber visit her , or follow her on Twitter @yosefaCPA. If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
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What You Need to Do After You Inherit an IRA
08/10/2023
What You Need to Do After You Inherit an IRA
Have you recently received an inheritance? Did you inherit a brokerage account, an IRA, a bank account, real estate, or property in Israel? Receiving an inheritance can be complicated. Each type of asset has its own way of being passed onto the heir. Inheriting an IRA is different than inheriting other assets, and in order to maintain the tax-beneficial status the paperwork needs to be done in a specific manner. Download the free resource, “What You Need to Do After You Inherit an IRA” which summarizes the specifics of inheriting an IRA. Receiving an inheritance The Goldstein on Gelt Show highlights the specifics behind receiving different inheritances.. Have an unanswered question about inheritances? Reach out to The Goldstein on Gelt Show through the on the homepage and get answers to your financial questions. If you’re not already receiving updates on new episodes, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
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Why You Should Care About the Global Economy
07/20/2023
Why You Should Care About the Global Economy
Is investing in the global economy really that important? Andrew Vonnegut, author of , is an expert in global economics. He explains why global economics should matter to individual investors. Events like wars and market crashes affect every corner of the world. How can investors best prepare for the ripple effect to reach their portfolio? Andrew gives practical advice on how to pick investments in an ever-changing global economy. If you ever wondered about why you should worry if a foreign currency falls, listen to this episode to learn about the interconnected global economy. Is global investing a path to wealth? Doug emphasizes the importance of diversification and explains what that means in the context of the global market. Refer to his free resource called To learn more about diversification, listen to The Goldstein on Gelt Show episode called featuring Paul Merriman. Download Visit to follow Andrew Vonnegut’s work. Read his book . If you’re not already receiving updates on new episodes, , and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
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