When receiving an inheritance, it’s important to avoid making tax mistakes. Certain tactics, such as opening a U.S. brokerage account (see below for an interactive tool) can help. Watch out for these mistakes:
Mistake #1 – Taking money out of an IRA
To maintain the tax-deferred status of an inherited IRA (Individual Retirement Account),… Read more
Unsure of the benefits of a U.S. brokerage account? Use a free interactive form (Profile-Financial.com/interactive) to learn why it may be helpful to keep some of your investments in America even though you live in Israel.
One of the most common financial problems Americans living in Israel face is when their U.S…. Read more
After accepting all the good wishes and mazal tovs, the first thing parents of a newly engaged couple need to think about is the best way to pay for a wedding.
Making a wedding can be costly. If you have savings to cover the cost, great. That’s the topic of today’s article…. Read more
Some people say the next best thing to being personally financially successful is having rich kids. However, teaching children good financial habits can be challenging. Here’s where Tom Corley and his book Rich Kids comes in handy. This is a great resource for teaching children (of all ages) about money…. Read more
Note: After reading the following true story, try the free Investment Evaluation Tool to determine if you are invested more aggressively than you should be. Details for accessing the tool are below.
When I talk with people about how they should structure their U.S. investment accounts, one of the common questions I ask is how long do they plan to keep the money invested…. Read more
As an investment advisor who helps olim manage their American brokerage accounts, I’m often asked, “Why should I invest in the stock market if it drops?”
If you believe that the stock market only goes down, … Read more
I often receive calls at my office from people who say that they have a problem with their American brokerage account because their U.S. investment advisor asked them to change firms. It’s not because they don’t meet the minimum balance requirements. Rather, it’s just because they have chosen to live overseas…. Read more
One of the most effective ways to achieve your financial goal and get rich is to develop good habits. Here’s what you need to know:
Rome wasn’t built in a day
Acquiring good financial habits does not happen overnight. First, you need to decide what you want to change,… Read more
Many second marriages are not just about two people, as they create blended families. This situation raises various questions about child support, how to divide household bills, and inheritance issues. To ensure a smooth financial union, make sure to discuss these issues before the actual ceremony takes place.
Sign on the dotted line
A financial prenuptial agreement detailing which assets belong to whom and which funds will be used for specific purposes such as children’s college funds and weddings is critical in second marriages…. Read more
Regardless of the more modern way people look at gender, there are significant differences in how men and women should invest their money.
Here’s why:
Women’s pensions tend to be smaller
Women’s pension payouts tend to be lower than men’s payouts, because most women work fewer hours and have lower salaries than their male counterparts…. Read more
