What should you do if you receive a lump sum, such as an inheritance, legal settlement, or pension payment? Should it be invested for growth or for income?
Invest for growth
A “growth investment” tries to increase the amount of money you have. Growth investments often entail some level of risk,… Read more
Knowing the right time to let go of financial responsibility to a trusted individual is one of the biggest challenges that an investor may face.
Why should you want to let go?
As you get older, it becomes more difficult to keep on top of your finances. Most senior citizens,… Read more
When your stateside broker sent you a surprise letter, did it contain good news? Many Americans in Israel (and non-Americans, too) have received a letter from their U.S. investment firm or bank informing them that they need to close out their account. In some cases, the brokerage firm does not shut down the account,… Read more
When making aliya, many olim move their American assets to Israel and convert all their dollars to shekels. However, there is a strong case to be made for leaving your dollars in America. Having helped Americans living in Israel open and maintain U.S. IRA and investment accounts for over 25 years,… Read more
One area where gender bias isn’t discussed enough is in financial planning. Financial planning for women must be different than for men.
What do women need to know when planning their financial future?
Women work fewer years than men
Even though men are more involved with domestic duties than in previous generations,… Read more
What is risk management, and how does it affect your investment decisions?
Every investment is risky
Every investment carries a chance of making a profit – and a risk of sustaining a loss. However, some investments are riskier than others. Generally speaking, the more profitable investments contain the most risk;… Read more
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
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
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
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
