Affording A Frum Lifestyle: Increase Your Household Income

You may be surprised how many companies would be open to having the right candidate work remotely regardless of their location.

Laid Off Before You’re Ready To Retire? What To Do Now?

It’s important to note that while you are allowed to collect Social Security and unemployment benefits simultaneously, depending on where you live, your unemployment benefits might be reduced.

New Research On The Finances Of Orthodox Jewish Life: Lessons For All

One of my most interesting observations is that the folks who accumulated the most assets were often not the ones with the highest incomes.

High Holiday Seats, Building Campaigns, And A Framework For Giving

Many congregants feel the costs to daven in shul are unwelcome or unnecessary. Their frustrations are valid. A frum lifestyle is expensive, and shelling out more money is a challenge for many.

Downsize, Upsize, Or Stay Where I Am?

Downsizing is a great time for retirees to go through their own things and dispose of items that they no longer need. It’s also a great opportunity to gift more sentimental items to children, grandchildren, or charity.

Is Spending Yeshiva Break In Florida Financially Prudent?

The rule of thumb is to have three to six months’ worth of expense money in your account as a cushion in case a need arises.

Personal Finance & Thanksgiving: There Is Much To Be Thankful For

I am also thankful that we have a well-established system for handling bankruptcy just in case an investor overextends themselves on any speculative investments. Most people deserve a second chance after they learn from their mistakes.

Should We Be Concerned About Inflation?

If you are a few years from retirement or in retirement, inflation becomes a bigger concern. You may no longer have a paycheck, can’t take as much risk with your portfolio, and don’t necessarily have the luxury of waiting out a long inflationary cycle.

Is Now A Good Time To Buy A Home?

Attempting to time your home purchase with the optimal market conditions is like trying to time when to invest in the stock market. In both situations, you will most likely not be successful.

What Should I Do With My 401(k) From A Previous Employer?

If you spent many years working for a company, it is possible that this pool of money is one of your most significant assets. Therefore, proper management of these funds is foundational to a successful retirement.

Mid-Year Financial Checklist

Freeing up cash from unnecessary expenses can give you the flexibility to spend more on areas that are more meaningful for you, like family, vacation, or making necessary home improvements.

Appreciating Tradeoffs And Living Your Rich Life

When deciding where to live, there may be a tradeoff between the percentage of your income that goes towards housing costs and the number of options for frum amenities which are more plentiful in high cost of living communities.

Is It Wrong To Go On A Lavish Pesach Program?

I don’t oppose lavish vacations. In fact, as long as someone is living within their means, saving for their future, and giving to tzedakah, they should be able to go on the most extravagant and over the top vacation that they want.

Affording A Frum Lifestyle: The Benefits Of Relocating

Housing is the obvious example of potential cost-saving by moving. I am always astounded when friends and clients in other parts of the country tell me how much they spend to purchase a new home.

Should We Get Out Of California?

Despite what may seem like my impassioned defense of Los Angeles, I have only been there as a visitor. I can appreciate a great dinner with friends at Pat’s on Pico... However, I can’t pretend to fully understand the daily struggles of the average frum family there.

Beyond The Numbers: Retirement And Investing Lessons From My Zeidy

Little did he know that he taught me much more about investing and retirement planning than the training program at a major Wall Street bank early in my career.

Money Advice Every Parent Should Give Their Children

Financial planning is not only about the accumulation of wealth, it is also about the transmission of values to the next generation.

Student Loan Forgiveness: What It Means For The Future Of Higher Education

Current estimates suggest that Biden’s program would cost around $300 billion, or about $2,300 per U.S. household. While this burden would not actually be shared equally across all households, it provides some perspective on the cost of the program.

Pesach Cleaning And Portfolio Maintenance

Taking the time to go through a checklist of items to ensure that your investments and financial plan are all up to date is imperative to achieving one’s goals.

Should I Pay For The Young Couple’s Shana Rishona In Israel?

While you seem less enthusiastic about your son’s plans, your in-laws may be ecstatic about the idea. They may be more than willing to pick up the tab.

The Best Gift For Chanukah This Year Is A Good Financial Advisor: Here’s How...

It’s tempting for clients to want their fees to be the lowest possible. However, working with someone just because their fees undercut the competition may be shortsighted.

V’nahafoch Hu And The Dangers Of “The Kiddush Club Portfolio”

The KCP is often the result of social pressure from one’s community and circle of friends. It’s quite common for people to exhibit conformity bias, where they behave according to, and make decisions based on, what others around them deem acceptable.

College Is A Financial Decision: Plan Accordingly

College is an investment: Don’t let any admissions officer, friend or family member sway you with less important factors like campus life, extracurricular activities, junior year abroad options, national rankings, how many alumni are Nobel laurates, or the university’s sports team.

Shenkman’s 2023 Personal Finance Outlook

Investors should remember that despite what is happening in the world, the markets and humankind have always prevailed.

Reflecting On The Past Year: 6 Lessons For Investing And Life

One of the biggest determinants of financial success is the ability to stick with a strategy through many different environments.

The New Bernie Madoff Documentary And Timeless Lessons For All Investors

As I watched the documentary, reliving what I saw unfold firsthand in 2008, I couldn’t help but note several timeless investing lessons that could be learned from the greatest scam in history.

Enjoy Your Herring And Retirement Too

Besides mortgage and insurance payments, there is a myriad of costs associated with maintaining a home. It’s important to factor in these annual upkeep costs to ensure you are purchasing a home that you can actually afford.

Creative Strategies for Giving Tzedakah

These trusts are a wonderful way to benefit charity and achieve a family’s retirement and estate planning goals in a tax advantaged manner.

Dave Ramsey’s Seven Baby Steps: A Frum Person’s Perspective

For folks who are deep in debt, getting to a $1,000 emergency fund is a big accomplishment.


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