Goldstein On Gelt

Does your teen know how to balance a checkbook or other basic points of financial literacy? Mindy Ajzner, founder of Chaim BePlus, an organization that teaches personal finance skills to young people, discusses what teenagers need to know about keeping track of their money. Many teenagers have no idea about how banks work, budgeting, or bill paying, and as a result can fall into the cycle of debt from an early age. Learn how to become fiscally responsible with a personal mentor. Listen to the podcast for details about joining the program. Do you understand your insurance policy? Financial literacy is an issue with adults too. Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., shares what happened when one of his clients bought the wrong insurance policy. Find out the questions you need to ask your insurance agent before you buy a policy. Download free tools to help you gain a better understanding of your pension plan. Follow Mindy Ajzner at http://www.chaimbeplus.org to get information on

How does retiring in Israel compare with retiring in other countries? Liora Bowers, director of Policy Analysis at the Taub Center for Social Policy Studies in Israel, explains why retirement planning in Israel is based on work-based pensions rather than on relying on bituach leumi. Find out why most Israeli retirees have better health coverage than they would in the United States, and what you need to know about nursing care for the elderly. How can you benefit from economic growth? As living standards improve how can you personally benefit from global economic growth and make more money? On today’s financial podcast, Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd. shares tools to help you build your wealth. Follow the work of the Taub Center at www.taubcenter.org.il, on Facebook at Taub Center, and on Twitter @TaubCenter

Cyber crime is on the rise. How can you keep your money safe? James Lyne, global head of security research at the security firm Sophos, explains how to protect yourself and your money against the malicious codes that hackers create every day. Discover: Why individual investors are targeted more often than banks and large companies The most common tactics that cyber criminals use What could happen if a scammer steals your email login and password What should you do at the end of the fiscal year? There are a few financial steps you should take at the end of 2016. Doug Goldstein, CFP®, explains what tax-loss harvesting is and why it’s often done before the New Year. How should you get your financial plan ready for January? What specific items do you need to review? Follow James Lyne on Twitter @jameslyne and watch his TED talk here.

It is possible to achieve financial freedom after a string of failures. Nearly every successful entrepreneur and investor has a “failure story” to tell. John Lee Dumas, host of the Entrepreneur on Fire podcast, explains the difference between using failure to make a comeback and giving into despair. Learn how to persevere and use your failures to build success.  Listen to get guidance on how to handle business partnerships and your marriage when money problems strike. How to handle your money when you move abroad What happens to your investments when you move overseas? How do you access your funds? Doug Goldstein, CFP®, discusses the importance of using a brokerage company that is comfortable with overseas clients. It is vital to stay on top of your finances even from a distance. For more information on managing your money from abroad, download the Profile Toolkit at: www.Profile-Financial.com/toolkit Follow John Lee Dumas on https://thefreedomjournal.com/ and on Twitter @johnleedumas

Is being frugal the best way to ensure financial stability? Steve and Annette Economides, authors of America’s Cheapest Family Gets You Right on the Money, show how frugality can be fun, and why avoiding debt is the best tactic for financial stability. Discover how the Economides family became known as “America’s Cheapest Family.” How to create a solid financial foundation for your family Building a financially secure home is a family matter. Show host Doug Goldstein, CFP ® and his wife, BatSheva, discuss how they manage their family finances. Get a glimpse into how they make financial decisions and how they teach their children to manage their spending and saving. Follow Steve and Annette Economides at http://www.moneysmartfamily.com and @SteveEconomides.

Economist Arthur Laffer, creator of the "Laffer Curve" and author of Return to Prosperity: How America Can Regain Its Economic Superpower Status, explains why high taxes don't necessarily produce more income for the government. Find out why the next U.S. government should consult with the Laffer Curve in order to create prosperity and growth. How should you invest to increase income? Governments can increase income through taxation, but individual investors need to think about others ways to generate wealth. Douglas Goldstein, CFP®, discusses how to invest when markets hit rock bottom and describes investing strategies in order to achieve long-term goals. Don’t forget to sign up here for the upcoming free webinar on how the U.S. elections may affect your retirement savings. Send your questions to Arthur Laffer at: drlaffer@laffer.com

Teaching teens to be financially responsible is one of the most important jobs a parent can do. How can you present budgeting, saving, and other financial concepts in a way that teenagers can relate to? Tamsen Butler, author of The Complete Guide to Personal Finance for Teenagers, explains why it’s important to talk to your children about money from an early age and how giving teens an allowance helps them learn basic financial concepts. Should a volatile market worry investors? Should a volatile market be cause for concern? On today’s financial podcast, Doug Goldstein, CFP®, talks about the importance of accepting the ups and downs of the market if you are a long-term investor. Follow Tamsen Butler at http://www.tamsenbutler.com/ and on Twitter @TamsenButler.

Behavioral finance, or the psychology of investing, explains how and why people make money decisions. John R. Nofsinger, professor of finance at the University of Alaska and author of The Psychology of Investing, describes the biases that can cause investment failure and gives tips on how to avoid making investment mistakes. Why does emotion play a role in financial decision making, and why is it so important to keep track of the bigger picture?< While behavioral finance dictates how individuals make investment decisions, can it also explain market volatility? When examining the history of the markets, it’s interesting to look at the effects of major historical events, such as the world wars, on stock performance. Did investors gain or lose? If you are wondering how the upcoming American presidential elections will affect your investments register for an elections webinar at: www.profile-financial.com/webinar. Follow John Nofsinger at: http://www.financeesp.biz

Modern Portfolio Theory is important strategy that many financial advisors use to minimize risk and maximize returns for their clients. Today's guest on The Goldstein on Gelt show is Dr. Harry Markowitz, winner of the 1990 Nobel Prize for Economics, who invented Modern Portfolio Theory. Find out what Modern Portfolio Theory is and why it is has become the cornerstone of financial planning. Dr. Markowitz advises how to navigate today's turbulent markets. How does Modern Portfolio Theory compare as an investment strategy to asset allocation? Find out what the differences are between strategic asset allocation and tactical asset allocation, and which may be best for you. For more information about asset allocation, listen to this episode of another of Doug Goldstein's financial podcasts, Rich As A King. Follow Dr. Markowitz and his work on http://hmarkowitz.com

What should you think about when making an investment decision? David Stein, host of the Money for the Rest of Us financial podcast, explains what you need to consider when making decisions about your money. Learn how to measure an investment’s performance, and find out how you should react to a volatile market. What makes stock values rise and fall, and how should these influence your investment decisions? Doug Goldstein, CFP® explains the influences behind the stock market, and how to respond to them.  Follow David Stein at http://moneyfortherestofus.net and on Twitter: @jdstein

Kiplinger’s columnist Jane Bennett Clark explains why your retirement plan should include doing a “test retirement” to see whether your retirement goals are feasible. Make sure to include practical issues, such as where you will live, what you will do, and what your sources of income will be, in planning for retirement. Should you invest in the stock market when you retire? Doug Goldstein CFP® explains the nature of investing in the stock market and why trying to double your money at a casino is riskier than investing in stocks. Also, don’t forget to sign up for Doug’s upcoming webinar on the effect of the U.S. elections on retirement planning. Follow Jane Bennett Clark at http://www.kiplinger.com and on Twitter @JaneBClark

Coach Todd Tresidder shares how he retired at the age of 35. He discusses effective retirement investing strategies and compares owning a piece of real estate to investing in REITs. Although past performance is not a guarantee for future returns, there are useful financial lessons that you can learn from looking at how people have handled certain market situations in the past. Doug Goldstein, CFP® talks about the most common investing mistakes, and how to avoid them. Follow Todd Tresidder at http://financialmentor.com and on Twitter @Financialmentor.

Parents often want to give financial assistance to their children. How much should parents give, and what’s the best way to do it? On today’s show, Doug Goldstein, CFP® examines generational giving. Learn about the tax considerations involved in gifting money to your children, and how the wrong kind of assistance can make your children more dependent on you and less able to manage their money. Apart from the issue of helping your children financially during your lifetime, is it important to leave them an inheritance? Attorney Jeff Condon, author of Beyond the Grave: The Right and Wrong Way of Leaving Money to Your Children, explores how estate planning can affect family relationships. Listen for tips on appointing executors, protecting your estate from taxes and how to preserve your estate’s value. Follow Jeff Condon at https://condonandcondon.net/ and on Twitter @JeffCondon

Why do intelligent people make irrational decisions about their money? Financial writer Emily Guy Birken, author of The 5 Years Before You Retire, explains impulsivity in making financial decisions. Can you protect yourself against financial scammers, who thrive on their victims’ irrationality, and keep your finances safe? Did you inherit your parents’ irrational financial decision making gene? Are you able to discuss managing their finances with them? Financial advisor Doug Goldstein, CFP® shares practical techniques for dealing with your own money, as well as with your family members, who might not see eye-to-eye with you on how to manage funds. Follow Emily Guy Birken at: http://www.emilyguybirken.com and on Twitter @emilyguybirken.

IRA expert Ed Slott, author of Ed Slott’s 2016 Retirement Decisions Guide, presents options of what you should do with your IRA (Individual Retirement Account) when you move to Israel. When living and saving for retirement in Israel, Americans need to take taxes, service, and performance into consideration before participating in Israeli saving and investment programs.  Douglas Goldstein, CFP®, cross-border financial expert and licensed advisor in Israel and America, details the factors you need to consider when deciding which type of account might be best for you. Follow Ed Slott at: www.irahelp.com and on Twitter @theslottreport. To download a guidebook to opening and maintaining a U.S. brokerage account from abroad, click here.

Planning for a happy retirement is not only a question of money.  There are many other factors to consider. Wes Moss, financial planner, podcaster, and author of You Can Retire Sooner Than You Think, talks about what makes a happy retirement. Retirement is not only about leaving the daily grind of going to work--it should be a time for doing what you have always dreamed of, but were unable to do during your working years. A happy retirement takes into consideration factors other than the size of your bank account. Listen to find out what else you need for an enjoyable retirement. Have you recently received a letter from your U.S. brokerage firm asking you to transfer out your account? What should you do? Douglas Goldstein, CFP®, explains the steps you can take if you need to end your existing brokerage relationship. Don’t miss this free download of a toolkit that can guide you through the process of managing your U.S. accounts from overseas. Follow Wes Moss at: http://www.wesmoss.com and on Twitter @WesMoss36

Do you have more job security as an employee or as an entrepreneur? Taylor Pearson, author of The End of Jobs, explains why becoming an entrepreneur does not mean giving up the security of having a job, why jobs are becoming a thing of the past, and how entrepreneurial skills can help you write your life script. What does the future hold for traditional jobs, and what are the growing industries that today’s university graduates should be focusing on? Should you be concerned about a drop in the bond market? Today, Doug Goldstein, CFP® looks at reasons why a bond may decrease in value, and what you can do if you decide to invest in bonds instead of stocks. Follow Taylor Pearson at https://taylorpearson.me/ and get the first three chapters of his book for free here. Follow him on Twitter @TaylorPearsonMe.

Do financial laws make U.S. citizenship a burden for American expats? Curtis Poe, a writer on U.S. expat issues, explains why many banks don’t want U.S. citizens as clients and describes the difficulties American expats may face in getting jobs. Get a link to a free resource specially geared to American expats about opening a U.S. brokerage account from Israel. Does the discrimination that American citizens face abroad make it worthwhile for expats to renounce their U.S. citizenship? What are the most common financial myths? On today’s show, host Douglas Goldstein CFP® debunks financial myths, such as not being able to transfer funds to/from America or that you always have to support your adult children. Follow Curtis Poe on: http://www.overseas-exile.com/

To become a top investor, you need to develop certain personal qualities. Award-winning speaker and author Corey Poirier explains why personal passion and knowing your goals are necessary for financial success. Find out why learning how to deal with failure is important to success. For more information about Corey Poirier’s public speaking course, click here. Follow Corey Poirier’s other work at - http://thepassioncure.com/ and on Twitter @thatspeakerguy. Today’s show features financial advisor Joe Saul-Sehy as a guest co-host, along with regular host Douglas Goldstein, CFP®. The discussion focuses on why dividends are an important part of an investment and why it’s not a good idea to include working after retirement as part of your financial plan. Follow Joe Saul-Sehy at www.stackingbenjamins.com and on Twitter @AverageJoeMoney

Thinking of early retirement? Darrow Kirkpatrick, author of Can I Retire Yet? and Retiring Sooner, shares how he retired early (age 50) and discusses the investing strategies to make early retirement possible. Find out how to estimate how much money you’ll need in retirement. If you retire early, consider when your pension payments will begin. Should you apply to claim Social Security early (age 62) or wait until you later (age 70), when the benefits are greater? Listen to the show to find out more about Social Security, spousal benefits, and outside pensions. Follow Darrow Kirkpatrick at: http://www.caniretireyet.com