Why do senior citizens, who have so much life experience, fall prey to fraud schemes so often? And who would be heartless enough to con an elderly grandparent? On this week’s Goldstein on Gelt show, Doug Shadel, senior director of Washington’s AARP and a leading expert on fraud and the elderly, explains how you can protect yourself and the people you love most from scams and cons.
Posts Tagged ‘retirement’
As Pesach approaches, the themes of freedom and liberation from slavery are prominent in a Jew’s mind. Indeed, the message of Pesach is one of the most powerful Jewish experiences, and many otherwise non-religious Jews find their way to a Pesach Seder.
Slavery in Egypt may seem like a distant memory to many Jewish Press readers, but take a moment to consider whether you are truly free. After all, doesn’t modern slavery come in the form of debt, overdraft, and heavy bills?
How free can you be facing bills, debts, long work hours and/or demanding employers? Can you consider yourself free if you spend nights worrying about how you will make it through the end of the month?
Maybe you and your spouse are both working full time. But those bills just keep coming in. You’re not even wasting your money on fancy vacations or designer clothes. Yet there seems to be a permanent hole in your bank account. Bills and expenses seem to pursue you wherever you go. You can feel like a slave.
Although everyone has his own story, one common thread to many families’ financial woes is that they aren’t managing their money properly. Unfortunately, money management and budgeting skills don’t occupy the same place on the school curriculum as math or history. As a result, many people never learn how to properly take care of their money, and they stumble and struggle to meet their daily expenses. Budgeting and financial planning need to be learned, no matter how old you are or at what stage of life you find yourself.
Successful finances require keeping track of spending and income. Start by keeping your receipts and noting down your daily expenses.
Learning to budget and plan efficiently can help liberate you from the slavery of overspending, fiscal disorganization, and debt.
In the second part of this week’s Goldstein on Gelt podcast, Doug gives important information about retirement, insurance, and pensions in Israel. If you’re an oleh or you are considering moving to Israel, find out which kinds of insurance would be most suitable for you and your family. Don’t miss out on these vital facts. Listen to this part of the podcast for more.
Meet Rony Hadid, who has been an insurance agent for the past 12 years. Rony has lived in Israel for the past two decades after making aliyah from his native Brazil. Rony explains the various retirement funds that exist in Israel, what they mean, their tax benefits, and more. So if you’re either living in Israel, or contemplating making aliyah, listen to this informative interview on the Goldstein on Gelt show.
When should you start planning for retirement? In your twenties, or in your fifties? In the second part of this week’s Goldstein on Gelt show, Doug meets Terry Savage, a well-known expert on personal finance. Terry, author of The New Savage Number: How Much Money Do Really You Need to Retire? tells us why time is more important than money and why you need to start planning for retirement even when you’re still young. Find out more about what you need for your golden years and when you should start teaching your kids about money.