Do you remember the good old days of getting high interest rates on your dollar deposits?
Remember when you used to look forward to getting your monthly statement because the high interest earned made a substantial difference in your bottom line. This doesn’t necessarily only have to be a memory of the past – you can still get high interest on dollar deposits if you know where to shop…. Read more
Recently, I met a widow who wanted to boost monthly investment income she received from her portfolio. We had a lengthy meeting, but here’s the bottom line: consider bonds.
What’s the easiest way to buy bonds?
“Isn’t there an easy way for me to get monthly income from my portfolio… kind of like a pension?” my client inquired…. Read more
A recent widow in her seventies came into my office in Jerusalem for an initial meeting on how to increase her investment income. She said that the $25,000 per year from her portfolio and pensions was simply not enough income to maintain her lifestyle.
The pension stopped – Oy!
Her husband’s pensions stopped when he died,… Read more
Many American brokerage companies have stopped servicing their clients who have foreign addresses, including those who made aliya. These firms have decided that government regulations have simply made the job of maintaining clients overseas too complex. For some people, it may seem like bad news when their broker sends them a letter saying,… Read more
I recently met with a woman who wanted help understanding and organizing her money, specifically her U.S. dollar investments.
“I’m totally overwhelmed with statements,” she told me as she emptied envelope after envelope onto my desk. “I have no idea what I own and I don’t know how to read all this stuff.”
By the time our meeting ended,… Read more
If you leave your children an inheritance, what will your kids do with your money one day? Often, people I meet who receive an inheritance manage the cash influx well. Together, we create a financial plan and then invest according to the plan, in an effort to meet their financial goals…. Read more
Two years after being diagnosed with pancreatic cancer, my father passed away. He left his daughters a houseful of memorabilia and his investment accounts.
Along with the emotional turmoil, I was faced with the task of processing the estate. I learned a few valuable lessons that I hope you can use to organize your own finances to make it easier for your heirs (in 120 years…)…. Read more
Are you finding it hard not to worry about your stocks? Even experienced investors tremble when the market goes crazy. Here’s what you can do now to minimize your worries:
Ignore the news.
Avoid the “hot” tips that you hear from friends or read about on the internet…. Read more
If you have an investment account at JPMorgan, you might soon get a “Dear John” letter from them. According to a Bloomberg article, in order to focus more on their domestic business, JPMorgan has decided to close the accounts of clients in more than 50 countries.
These clients,… Read more
Do your aging parents find it difficult to discuss money and their personal finances with you?
Many older people don’t like talking about anything financial because they were raised to believe that personal finance is too private to discuss with anyone – even with their own (adult) children. Some folks are sensitive about money because of emotional baggage associated with their past…. Read more
