The U.S. Social Security Administration redefined WEP and bituach leumi, so that people in Israel may receive more Social Security. Doug explains the changes in WEP, and warns about being complacent.

Social Security is one of the tools in the fight against poverty, but why are there so many poor people? 2015 Nobel Prize Winner in Economics, Professor Angus Deaton, author of The Great Escape: Health, Wealth, and the Origins of Inequality, provides some interesting answers. Professor Deaton describes his research about poverty, helping the poor, and the reason that the current systems are destined to fail. He also answers the question: Is it smart to help the poor by just giving them cash?

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Doug Goldstein, CFP®
http://www.profile-financial.com
Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, 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 [email protected]