What do your overseas investments have to do with medical care and family dynamics?
Picture this: A couple in their seventies who have invested a substantial portion of their wealth in U.S. assets. They are comfortably retired in Israel and have Israeli grandchildren. Unfortunately, some of these grandchildren face health challenges that require financial assistance beyond what their kupat holim (HMO) provides. … Read more
We recently onboarded a client whose U.S.-based broker dropped her after she moved to Israel, despite her being a loyal customer for 20+ years. In recent years, American brokerage firms have ended their financial relationship with clients living overseas, meaning someday you could find yourself in a similar situation. If so,… Read more
When you come home from the doctor with a major diagnosis, after you call your family members, consider calling your financial advisor.
Why? Because changes in physical health can also affect your fiscal health. It’s better to plan for a worst-case scenario which never happens than to struggle with the financial ramifications of illness. … Read more
Divorce often brings a whirlwind of emotions and challenges, and for many, it can significantly alter financial circumstances. Through years of advising dual citizen olim, I’ve witnessed firsthand the financial challenges divorce brings. It’s not merely about having (or losing) money; it’s about navigating the division of assets in a fair way,… Read more
Sometimes couples have trouble managing money because they struggle to make joint decisions. If you and your spouse are on different pages in terms of spending and saving priorities, frustration can build over time. In my 30+ years of being a financial planner, I often feel like a family therapist as well as an investment professional…. Read more
Do you find it difficult to talk to your adult children about your financial life? Do you need to change your own mindset from viewing them as “little kids” despite the fact they might tower above you? If your children have matured into responsible adults, now may be the time to start including them in financial discussions. … Read more
In finance, the right partnerships are key to success, especially when managing U.S. investments from Israel. At Profile Investment Services, Ltd., our 20+ year collaboration with Portfolio Resources Group, Inc. (PRG) has been pivotal. Our shared commitment to supporting Israel was highlighted recently when PRG proudly joined in sponsoring the American Friends of the Israel Defense Forces,… Read more
Managing money is scary for many people, especially olim who move from America to Israel who may struggle to navigate Israel’s financial system. For that reason, it can be especially helpful to work with a cross-border advisor who understands the challenges of having U.S.-based investment accounts while living in Israel. … Read more
Understanding the Limitations of Digital Communication
In an era where digital communication reigns supreme, the financial advising industry faces unique challenges. As both a U.S. and Israeli licensed financial professional, I’ve observed firsthand the pitfalls of relying solely on digital channels, such as text messaging or emails, for nuanced financial discussions…. Read more
Money is one of the biggest stressors in any marriage, especially when each person has a different approach to managing money. As a couple, it’s important to be united in your financial decisions.
If you need help managing money as a couple, consider these points:… Read more
