On today’s show, Doug explains an important fact that everyone who has an IRA should know about bequeathing it to the next generation. Find out what a “stretch IRA” is and how it can save taxes for many generations!

For a clear definition of a stretch IRA, see: http://www.investopedia.com/terms/s/stretch-ira.asp

Today, we meet programmer Jeff Kaufman. Jeff and his wife Julia are an amazing example of how regular people can have a huge impact on the world. Jeff explains how he and Julia donate half of their income to charity. How does their generosity affect their lifestyle? Is it possible to save and plan for retirement if you donate a lot of your resources to charity?

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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]