web analytics
September 22, 2014 / 27 Elul, 5774
At a Glance
Blogs
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



Aliyah and Money: Don’t Go it Alone

The various aliyah organizations, from Nefesh b’Nefesh to the AACI, ESRA, and many more, are all on hand to provide advice, information, and moral support.
Goldstein 485x300

Are you, or someone close to you, thinking of making aliyah? If so, you’ll probably use the services of Nefesh B’Nefesh, because it’s much easier to settle in a new country with their help. The same principle applies to your finances. It’s much easier to manage your money with the help of a financial advisor.

Here’s why

As most olim will tell you, there’s a lot to do when first settling in. You need to get used to a new language and climate and at the same time, you must find work and a home. The various aliyah organizations, from Nefesh b’Nefesh to the AACI, ESRA, and many more, are all on hand to provide advice, information, and moral support, making your transition into Israeli society much smoother. Through them, you will find out the best job opportunities – or how to retrain in your profession if that’s what is necessary. You will also get a clearer picture of your rights and what kinds of assistance exist for new immigrants. And some of these organizations also provide cultural and social activities, helping you to build up new friendships in your new country.

In the same way, when you want to begin investing, going it alone is not such a good idea. Do you have the time to do all of the necessary research into investments and markets? Are you familiar with the investment and tax problems that U.S. expatriates have? And do you have the financial background to understand the all the available information? Remember that time is also money, and you can lose a lot of money through inefficient investing.

So if you want to manage your finances more effectively, don’t go it alone. Get some help and make a plan. Call your financial planner today.

About the Author: Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm located in Jerusalem. He specializes in working with clients who live outside of the United States and want to maintain a U.S. brokerage account. Doug’s newest book, co-authored with Susan Polgar, about how using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, SIFMA, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “Aliyah and Money: Don’t Go it Alone”

  1. Myriam Obadia says:

    Oh please, strike Nefesh B'Nefesh from your list of helpful organizations. I was dumped by them in Israel and had to get help from the Chabad.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
A Muslim social media campaign against ISIS was begun by the British Active Change Foundation.
Muslims Tell ISIS: #NotInMyName [video]
Latest Blogs Stories
Obama and Netanyahu in the Oval Office

ISIS and Hamas are cut from the same cloth. Obama should listen to Netanyahu.

Rivlin

Last night I attended the big festive celebration of ten years of Menachem Begin Heritage Center and Museum. Security was tight, almost like at a foreign airport, because both Prime Minister Binyamin Netanyahu and President Ruby Rivlin were to be there. And yes, they were and yes they spoke. Officially the evening was a tribute […]

Teens-091214-Shofar

Hamas’ tunnels were destroyed as were plans for their unparalleled terror attacks on Rosh Hashana.

Doug Goldstein

Grandmaster Michael Adams talks about life as a professional chess player.

The Jewish Press stressed the possible ramifications of such a breach of Israeli political protocol

Why some countries are more economically successful than others? Tune in for the answer…

If not scared by God be scared by man; Hopefully ethics will integrate into lives for proper reasons

Smear campaigns by people with agendas other than justice do not faze him; He does what is right.

Countries like Turkey, Europe and even the US have proven fertile ground for recruiting terrorists

How many times have you heard anti-semites spew words like Israel are Nazis, or what you are doing to the Arabs is worse that what the Nazis did to the Jews?!…

My blog, Israpundit, was hacked, and I had to move to a new domain…

There’s much confusion about the definition of Daas Torah; simply put it means the wisdom of Torah.

We’ll never be able to negotiate a true, lasting peace with the Arabs.Their aim is our destruction.

Now I live in a country where every shop in the food court is kosher! I can have anything I want!

Pashkevil: “Come out today and battle the Zionist Amalek and all the traitors in Nahal Haredi…”

Jordan: Only M.E. country with no historical basis and ruled by occupiers placed by European powers.

More Articles from Doug Goldstein, CFP®
Doug Goldstein

Grandmaster Michael Adams talks about life as a professional chess player.

Doug Goldstein

Why some countries are more economically successful than others? Tune in for the answer…

Why is an IRA a worthwhile account for retirement? And how can you use it to the best advantage?

How do you reach the top of your profession, and are you always aware of your own talents?

How has the sudden growth in modern technology affected world economy and future employment levels?

Learn about Monte Carlo-not the place but simulator forbuilding a financial plan.

This week’s podcast discusses the need for transparency in international business dealings.

Life after 50? You better believe it! Tips on how to prepare and enjoy life after retirement.

Printed from: http://www.jewishpress.com/blogs/goldstein-on-gelt/aliyah-and-money-dont-go-it-alone/2013/05/09/

Scan this QR code to visit this page online: