Read Doug’s articles originally printed in The Jerusalem Post.
Profile Perspectives
Proper financial planning can change your relationship with money.
Estate Planning: What Happens to Your Money After You Die?
One of the most important issues in estate planning is what happens to your money after you die. How quickly your heirs receive the inheritance depends largely on your estate planning. (If you’re having any difficulties with an inheritance, please email me at doug@profile-financial.com.)
Three things to consider when planning your estate
When setting up U.S…. Read more
Avoid These Common Mistakes When You Receive an Inheritance
A new client recently told me, “My late father left me an inheritance of an IRA (Individual Retirement Account) worth $1.5 million, and I’m the sole beneficiary. What should I do with it? If I bring the money to Israel, I’ll have to sell the stocks and wire the money to my account here…. Read more
A Guide to the Tax Implications of a Legal Settlement
This is a two-part article addressing questions that arise when people receive lump sums. For the entire article, click here.
I recently helped a number of people who are in the midst of receiving a cash settlement from a lawsuit, and had to point out that winning a lawsuit is not “free money.” In addition to having survived personal injury and a long-drawn out legal case,… Read more
Do U.S. Citizens in Israel Pay Tax to the IRS on a Legal Settlement?
This is a two-part article addressing questions that arise when people receive lump sums. For the entire article, click here.
If you’re a U.S. citizen who recently received proceeds from a legal settlement, be aware of any possible tax requirements, as these can directly affect your retirement and estate planning…. Read more
Did You Make a Mistake When You Opened Your Bank Account?
What happened when you opened your first Israeli bank account after making aliya?
A new oleh recently told me: “I just tried your online tool to find out what I need to know about having a U.S. brokerage account now that I’ve made aliya…. Read more
What You Need to Know About Premium Bonds
Premium bonds may be a good investment choice for retirees looking to increase their income. (For solutions to other problems retirees face, download a free copy of The Retirement Planning Book at Profile-Financial.com)
Consider premium bonds
In today’s low interest rate environment, if you park your money in bank deposits or money markets,… Read more
Read This BEFORE You Give Your Children a Cash Gift!
Recently, a couple asked me for advice on how to invest funds that they had just received as an inheritance. They didn’t need the inheritance for themselves, and they wanted to pass it along to their children (four children with a wide range of ages).
The couple’s oldest child was married and wanted to buy a house,… Read more
Why Interest Rate Risk is Important
Conservative investors who buy bonds to avoid high risk might inadvertently be exposing themselves to a potentially devastating risk: interest rate risk.
If you are concerned that you may have interest rate risk or other hidden risks in your investments, call my office at 02-624-2788 to discuss your portfolio.
Are bonds safe?… Read more
What You Need to Know About Financial News
Should financial news and media reports affect the way you make your investment decisions?
Recently, a client said: “I just read about _________ (fill in Israeli company name) in The Jerusalem Post, and I’d like to buy 1000 shares.” I hear comments like this fairly often. Since I help people who live in Israel with their U.S.-based IRA and brokerage accounts,… Read more
How to Increase Your Retirement Cash Flow
When you retire, your cash flow changes. Since most pensions won’t replace 100% of your pre-retirement income, you need other ways to increase your monthly cash flow.
A bank may not meet your needs
If you put your money in a regular savings account in the bank, you have little risk of losing your principal…. Read more