Larry Swedroe, director of research at Buckingham Asset Management, gives tips on avoiding investment mistakes and reviews important financial concepts investors frequently forget.

One common financial mistake people make is giving their adult children too much financial assistance. Doug Goldstein, CFP® asks how much money you give your children, and should this be at the expense of your future retirement? Get tips on what to do if you think you are falling behind with saving for retirement.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com

Podcast: Play in new window | Download

Harambe, a silverback gorilla, was recently shot to death at the Cincinnati Zoo. The 450-pound ape grabbed a three-year-old boy who tumbled into his enclosure. The unexpected arrival of the child and the screams of the crowd agitated the gorilla. Harambe dragged the boy about in the moat like a tiny rag doll.

Zoo officials determined the child was in grave danger. They concluded that a tranquilizer dart would take too long to act on the gorilla and in the interim might lead to further agitation. They opted to shoot the gorilla to save the child’s life.

Animal lovers and animal rights activists have reacted with outrage. The 17-year-old Western lowland gorilla was a member of an endangered species. He has been made into a tragic martyr. Some Facebook posts have said the bullets aimed at Harambe should have been aimed at the parents whose lapse in watching their child caused the death of an innocent animal. Tens of thousands of people signed a petition demanding “Justice for Harambe.” A tearful vigil was held at Cincinnati Zoo. Mourners left flowers and gifts at the gorilla exhibit. A sign read “Gorillas’ Lives Matter.”

Farther south, people were experiencing their own angst with the animals that shared their habitat. A large alligator was found with a man’s partially eaten body in its mouth in Lakeland, Florida. The nine-foot reptile fled when local law enforcement arrived at the gruesome scene. The beast was later found and captured by Florida Fish and Wildlife Conservation officials. An investigation has been launched to learn the identity of the victim and determine whether he was killed by the alligator or had already been dead and was just used as a convenient snack. Residents of the area were horrified. How could this have happened?

Humans are often confused when it comes to understanding the actions of animals. It is quite common to ascribe human motives and behavior to pets and other creatures. But it’s a false premise, a projection of our own ideas, and has little to do with the workings of other species.

Harambe yanked and dragged the little boy though his pool because he was an anxious animal. The child was an unanticipated presence and the crowd was loud. He was in an unforeseen situation and probably felt threatened. No police psychologist could talk him down. He was, after all, a gorilla.

The alligator was chomping on his human lunch because he was hungry. He certainly was not going to refrain from eating anything he could get in his mouth because of any sense of propriety, good manners, or suitability. He was, after all, an alligator.

Jewish law stipulates that it is a major sin to cause an animal unnecessary harm or suffering. However, Hashem created the world and gave human beings dominion over all other creatures. Yes, animals’ lives matter, but human lives matter more.

Divorce splits the family’s finances into two. Sometimes the two halves aren’t exactly equal.

Financial expert Peter Dunn discusses the most common money mistakes that arise during divorce:
• Is it worth fighting to keep the house?
• What should you do about your insurance policies?

• What is the best way to get up to speed with financial issues if your soon-to-be-ex was in charge of the family’s finances?

Divorce is not the only emotionally fraught life change where there is a great potential to make financial mistakes.
Receiving an inheritance also requires difficult financial decisions.

Many people don’t know what to do with their sudden windfall and they either end up spending it too fast or losing it on bad investments.

In this financial podcast, find out the critical five steps you need to take to handle an inheritance and make the most of your newly acquired wealth.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com

Podcast: Play in new window | Download

The views in this article are not at all those of the Jewish Press, but we decided to publish the article as an opportunity to expand the public debate. So comment away…

There have been three reports released in the past few days regarding Jewish Population. Two, the Pew Research Study, and the Steinhardt Social Research Institute Study, are concerned with Jewish population numbers. The third, by the University of Huddersfield in England concerns itself with the genetic history of Askenazi Jews. But in fact, all three studies are really about Jewish identity.

The Pew and Steinhart studies have come up with vastly different numbers concerning the size of the Jewish population in the US. This disparity is due to their diverse definition of who is a Jew.

This is not a new problem. Jewish identity has been an issue in the Jewish community at least since the beginning of the Common Era, and perhaps even before. At the start of the Common Era Jews in Rome were proselytizing so successfully that the rabbis felt that they had to erect barriers to conversion for fear that the Jewish community would become too diluted. In essence, they revised the standards for Jewish identification and as Judaism became more rabbinical, whole segments of the Jewish population who were not considered religious enough by the rabbis became disenfranchised and were left out in the cold.

In great part, due to this exclusionary policy, the world Jewish population declined sharply over the next thousand years. According to the Jewish Encyclopedia, the world Jewish population dropped from about five million at the start of the Common Era, to about one million by the end of the first millennium CE. It remained at about one million until the middle of the eighteenth century when it suddenly skyrocketed to seven million in less than a hundred years.

Both the precipitous population decline and the even more remarkable population increase resulted from the different policies of defining Jewish identity. In the early years of the Common Era, before the rise of rabbinic Judaism, Jews were defined through self description; for example, you could describe yourself as a Roman Jew or as a Greek Jew. There was no other requirement than that. You didn’t have to belong to a synagogue or observe holidays, or keep kosher, or any of the other criteria that are currently applied in population surveys. After the rabbis gained power the nature of Judaism and Jewish identification changed. A Jew could no longer self select. He had to be listed as a Jew by the rabbi. Thus, if a Jew was not affiliated with a rabbinic religious community, he was not counted as a Jew.

This situation continued for the next thousand years until Napoleon granted the Jews citizenship, and pioneers and visionaries like the Bal Shem Tov, the founder of Hasidism, and Rabbi Abraham Geiger, the founder of the Reform Movement, declared that it was not necessary for a person to be affiliated with a synagogue or even know how to pray in order for him to consider himself Jewish. (It should be remembered that the Bal Shem Tov was excommunicated by the Vilna Gaon because of this heretical idea.)

These great visionaries said that if you consider yourself Jewish, then you’re Jewish! As a result of this earth shattering declaration the world Jewish population soared so that by 1935, through the measure of self identification, there were fifteen million Jews in the world. (Hitler did not ask “how Jewish” his victims were)

Today, we are facing a similar problem that confronted the Jews in the first centuries of the Common Era. We have once again set up barriers to Jewish identification and we now have standards to determine if you are a “True Jew:” Was your mother Jewish? Did you have a bar mitzvah? How often do you attend services? Do you belong to a JCC? Contribute to Jewish charities? Been to Israel? Speak and/or read Hebrew? Light Shabbat candles? Have a Christmas Tree? And on and on.

These questions only serve to narrow the field in a time when we should be widening our tent. We can no longer afford to be an exclusive and exclusionary club. We need to find new ways to welcome not only the disenchanted and disenfranchised Jews but also the intermarried, and their non-Jewish partners.

In the same way that Jews of the twenty first century are different from their first century ancestors, so too must the definition of who is a True Jew be different. Until we can settle on a new definition we will be unable to accurately measure the Jewish population.

Bernard Beck is the author of True Jew…Challenging the Stereotype, published by Algora Publishing, 186 pages, $22.95

The new issue of The New Republic cover story (The Feminists of Zion An unlikely alliance between Orthodox and progressive women will save Israel from fundamentalism) is about us. It is about Haredim, modern Orthodox, and women. These are things we discuss regularly online and at our Shabbos tables, and in our coffee rooms. The story is remarkably accurate and balanced, displaying a very deep understanding of the issues in Israel today. I recommend reading the article immediately.

Imagine a spectrum of religious fundamentalism in the orthodox Jewish community. On one end you have extreme Haredi sects and on the other end you have completely secular Israelis. On most things and for most of time the people in the middle, let’s call them modern orthodox, skewed their allegiences toward the Haredi side. Orthodoxy is the great uniter. The assumption is that any two orthodox people will have more common interests than an orthodox and a secular Jew. This is how things were.

In essence, the article argues that while naturally aligned with their fellow orthodox Jews, women from the modern orthodox community in Israel are finding themselves aligned with secular feminist Jews in Israel. The collective pain that is felt due to the oppressiveness toward women in the extreme and not so extreme Haredi world is taking a toll. Women have been attacked physically, verbally, and psychologically for a long time and it is starting to create a negative reaction.

Several times the article mentions signs that tell women how to dress. We have become accustomed to these signs. But the women in the article argue that the signs give license to thugs who want to make a statement to women. To them, the signs mean much more than “Please be sensitive to our religious beliefs.” Part of that is because these standards are entering the public sphere and are no longer just limited to the private insular neighborhoods. But the other part of it is that the signs are somehow justifying the negativity and violence toward women.

What has happened is that women who feel hurt and abused are turning to secular and Reform Jews for salvation. Feminism is a dirty word in many orthodox communities, even in some places within the modern orthodox community. But it’s becoming a necessary evil for modern orthodox women who are not feminists at all to ask for help from feminists. It’s odd when orthodox people are funding they have more in common with secular and very liberal Jews than fellow orthodox Jews. But that is what is happening.

The article also talks about modern orthodox women who sympathize with the Women of the Wall. I wish they would be more vocal but i was heartened to hear it.

Last week I wrote about finding common ground and room for dialogue between modern orthodox and yeshivish Jews in America. (See:
Maybe Rabbi Birnbaum Has a Point: A Solution) I think what we are seeing in the article in TNR is what will happen if we can’t work together. If the people in the middle start to feel like the liberal and secular Jews are more sympathetic to their way of life, the great split that has been predicted for years, will finally happen. Modern orthodox Judaism will become an independent group.

Some might say, what’s so bad about that? Well there are plenty negative consequences to mention. But I will mention the two biggest issues. First, the Haredi institutions will fall without modern orthodox support. Some might say that’s not so bad either. I disagree. Their services are necessary, as is their trap door into engagement with society. On the other side, without a connection the Haredi community, the modern orthodox community will be hard pressed to support its own institutions for lack of qualified teachers and rabbis.

It’s not in our best interests to see a formal split. It might happen in Israel and it might happen in America. I think we should do everything we can to prevent it. The first thing we need to do, is get together and talk.

Visit Fink or Swim.

The Feminists of Zion An unlikely alliance between Orthodox and progressive women will save Israel from fundamentalism