Goldstein On Gelt

Does being a successful investor influence your retirement age? Find out about the advantages and disadvantages of early and late retirement. Learn about claiming Social Security and the connection between Social Security payments and Bituach Leumi (Israeli National Insurance) pensions. Is there a simple mathematical formula to guide you towards the right decision on when to retire or how to invest for success? Today Doug speaks with mathematician Professor John Allen Paulos of Temple University, author of A Mathematician Plays the Stock Market, about stock market strategies. Which formulas and strategies work, and which ones are just wishful thinking? Can using mathematical formulas help you become a successful investor? Follow John Allen Paulos on Twitter @JohnAllenPaulos and visit his website at: www.johnallenpaulos.com. Read his latest book, A Numerate Life.

The average retirement savings of American families is $95,776. At first, this sounds like a hefty sum, but there is more to the number than meets the eye. Since it’s the average retirement savings, it doesn’t reflect the fact that nearly half of American families have no retirement account savings at all, and the median — 50th percentile — family has just $5,000 saved. Today’s show gives practical tips on how to save for your retirement, with an eye to increasing your retirement savings. Retirement is expensive – especially in America. That’s why some Americans consider retiring abroad. While housing, health care, and other costs may be lower in other countries, there are other financial issues that arise with a move abroad. Art Koff, MarketWatch columnist and founder of RetiredBrains.com, discusses critical questions that you should ask before retiring to another country. He also addresses how to get your Social Security, and shares great resources that retirees can use to plan their golden years. Follow Ar

Recent reports indicate that the Federal Reserve is expected to raise interest rates again this year. What effect will this have on individual investors and your investment portfolio? On today’s show, Doug discusses interest rates, their significance, CDs, and a bank deposit that may have a higher than average return. Listeners wanting to learn more on the topic can click here. In the second half of the show, annuity specialist Stan Haithcock dissects the myths behind the advertisements and explains that an annuity is simply a contract, not even an investment. Find out why it’s critical to fully understand the contractual guarantees. Learn more about Stan Haithcock and his work at: www.stantheannuityman.com

Estate planning is a critical part of financial planning. While many folks focus on retirement planning, it is equally important to spend time thinking about what happens to your assets when you no longer need them. Today Doug shatters the taboo of talking about estate planning and details what you need to do in planning your estate. What documents do you need, and with which professionals should you consult? For more about planning your estate, read Why Your Investments Must be Different From Your Parents’. Family politics and the fear of losing your loved ones can make estate planning discussions difficult. Jack Tatar, author of Having the Talk: The Four Keys to Your Parents’ Safe Retirement, and What’s the Deal with The Talk Between Adult Children and Their Parents? discusses how to avoid future disputes over wills and inheritances. Learn when is the best time to have “the talk” and get tips on how to raise these sensitive estate planning topics. Follow Jack Tatar and his work on http://safe4retirement.com

What should you take into consideration when choosing a financial advisor? When choosing a financial advisor, you must understand what his role is in helping you manage your money. Will he look at your investments on a daily basis? Who will make trading decisions? What does your financial advisor need to know about you, and what do you need to know about him? A good financial advisor will make sure that you understand your investment goals. Are you trying to get rich or to avoid being poor? Are you saving for a specific goal or do you need your investments to supplement your income in retirement? Dennis Miller, author of Retirement Reboot talks about the differences between “regular” and “retirement” investing, and how to deal with inflation risk when making financial decisions. Follow Dennis Miller’s work at: http://milleronthemoney.com/

Should today's turbulent markets be compared to the Great Depression of the 1930s? Author and economist, Dr. Lawrence W. Reed explains how Roosevelt’s policies caused the economic collapse to last much longer than it should. Listen to him explain how today’s politicians may be leading us down a similar path. Follow Lawrence W. Reed and his work on https://fee.org and on Twitter: @lawrencewr Also on today’s show, Doug discusses ETFs. Why would an investor sell stocks and invest in ETFs? What are the various types of ETFs available? Click here to watch a video explaining the S&P 100 Index and related funds. As the world changes, what will happen to the way that education is presented? Click here for a link to a free e-book by Seth Godin called Stop Stealing Dreams about how the school system should change.

Bad habits can cause more harm than you realize. Peter Bregman, best-selling author of Four Seconds: Four Seconds: All the time you need to stop counterproductive habits and get the results you want, explains how to overcome bad habits. Learn 3 steps you can take to improve bad financial habits and become a better investor and a happier person. Find out more about Peter Bregman and his work at: www.peterbregman.com Follow him on Twitter: @peterbregman Are you an American citizen contemplating aliya? Don’t worry about your American assets. On today’s show, Doug shares some tips useful to Americans living in Israel and many other countries. Want to learn more about investing? Doug is currently creating an investing course. Email him at: doug@profile-financial.com with your biggest financial question and you will be able to take the course for free.

How safe and efficient is online banking compared to brick and mortar banking services? Martin Saidler, CEO and founder of Centralway, a company that develops mobile banking solutions, discusses the safety of online banking and the future of banks. Follow Martin Saidler at: https://www.centralway.com In the world of online banking what role do brokerage houses play? Find out what Doug told a South African listener, who is planning to move to Israel, about how to handle his finances when making aliya. Listen out for a link to an article explaining how to open a U.S. brokerage account from outside the United States and get some important advice about investing in Israel.

If you receive an inheritance, what is the best way to invest it – to pay off debt or put into savings? Follow a six-step plan for updating your portfolio to make the best use of an inheritance. When deciding on specific investments, is academic research helpful? According to Dana Anspach, CFP®, of Money Over 55, the answer is no. This is because often academics focus on a niche topic, whereas financial planners can see the complete picture. Follow Dana Anspach’s work at: http://moneyover55.about.com and on Twitter: @moneyover55. Click here to find out why your investments must be different from those of your parents.

Yair Shamir, former agriculture minister and founder of Catalyst Investments, discusses how venture capital aids new technologies and boosts the Israeli economy. Shamir is chairman of MTA – Metropolitan Mass Transit System, which is building a new public transportation system in Tel Aviv. Shamir explains how this system will revolutionize life not only in the city, but Israel’s central region’s economy. Learn how to approach your personal investments like a venture capitalist, and make sure your emotions aren’t affecting your decisions. Doug Goldstein discusses the potentially negative effect your emotions can have on the way you make financial decisions. When was the last time you reviewed your portfolio? Are you keeping your current investments because they are inherently strong, or out of a sense of loyalty to a particular company? Follow Yair Shamir and his work at: http://catalyst-fund.com/#team

Politicians often quote unemployment data, especially around elections, in order to gain votes. But what do these figures mean? Does the term “unemployed” refer to everyone who doesn’t have a job, including students and stay-at-home mothers, or only to those who are jobless but are actively seeking work? Professor David Howden of St. Louis University (Madrid campus) defines unemployed and explains how to interpret this data. Also on today’s show, is a discussion of mutual funds and discusses mutual funds and when they should or should not be used in cross-border investing. Find out how you can take Doug’s upcoming investing course for free by simply sending Doug your biggest financial: doug@profile-financial.com

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 to 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. Follow Peter Dunn at: www.petetheplanner.com and on Twitter: @PeteThePlanner

Estate planning becomes more difficult when an American has non-American heirs. Listen to this financial podcast to find out about the most useful tools for cross-border estate planning, which strategies may be available to you, and what you need to know if your heirs are not U.S. citizens. Financial and estate planning is difficult enough for individuals; imagine how much more challenging it is for countries planning their budgets. Governments also seek strategies to prevent future economic problems and market crashes. Geoff Mulgan, former director of the UK Prime Minister’s Strategy Unity and Chief Executive of NESTA (National Endowment for Science Technology and the Arts) discusses whether democratic governments have made any changes in their planning since the market meltdown of 2008. What should have been done to improve existing financial systems, and was a useful opportunity for change lost? Follow Geoff Mulgan at www.nesta.org.uk/ and on Twitter @geoffmulgan.

Does financial equality really exist for women? Financial advisor Cary Carbonaro, best-selling author of The Money Queen’s Guide: For Women Who Want to Build Wealth and Banish Fear, reveals that women are still far from being financially equal to men. Generally, women live longer than men but work for a total of fewer years, for lower salaries, and as a result they tend to accrue two-thirds less savings than men. Find out how women can improve their financial situation and what they should do in the event of a divorce or the death of a partner. What happens to a brokerage account when its owner dies, and what if there is no will? Get tips and advice on how to claim the assets, what to do if the deceased lived in a different country, and what paperwork you need to start the process. Follow Cary Carbonaro at: http://moneyqueenguide.com and on Twitter @CaryCarbonaro and @MoneyQueenGuide.

What are the skills you need for making the right financial decision? Gary Belsky, CEO of Elland Road Partners and author of Why Smart People Make Big Money Mistakes and How to Correct Them, shares techniques for making effective decisions. Who is the best person to brainstorm and deliberate with about your financial decisions? What should you do if there is no one to talk to? When investing your money, don’t forget about the power of compound interest. Learn about compound interest, and how it could help create a more comfortable retirement. Follow Gary Belsky on Twitter @GaryBelsky.

Every U.S. citizen, even if resident abroad, has an obligation to file American taxes. This law applies even if you don’t owe anything. Veteran U.S. accountant and tax advisor Philip Stein explains what your tax obligations are to the IRS as a U.S. citizen living abroad. Find out what you need to report, what happens with Israeli retirement accounts and your keren hishtalmut. How much information does the IRS require from Americans who are resident overseas? Does your retirement planning include investing in an ETF (Exchange Traded Fund)? Listen to a detailed description of the different kinds of ETFs that are available, how they work, and how to decide if they are an appropriate investment for you. Follow Philip Stein, his blog, and podcast on: http://www.pstein.com and on Twitter @philipcpa Neither Profile nor PRG gives tax or legal advice. Dual citizens are advised to consult with a tax attorney who is knowledgeable about dual citizens.

Market volatility is affected by current events. What’s an investor’s best response to unexpected headlines? Financial advisor Joe Saul-Sehy returns to The Goldstein on Gelt Show to talk about what to expect as financial markets react to the upcoming U.S. elections. Roger Whitney, “The Retirement Answer Man,” joins host Douglas Goldstein, director of Profile Investment Services, Ltd., to discuss the most common financial mistakes that people make. Learn the best way to work with your spouse to jointly manage your finances and other important money issues. Follow Joe Saul-Sehy on: https://www.stackingbenjamins.com/ and http://moneytreepodcast.com, and also on Twitter @AverageJoeMoney Follow Roger Whitney on The Retirement Answer Man  and on Twitter @Roger_whitney

Everyone wants financial security. Interestingly enough, one of the biggest indicators of financial success doesn’t deal with numbers at all. How does self-confidence affect the way women deal with personal finance? Financial podcaster and money counselor Jen Hemphill explains why financial struggles are frequently caused by a lack of self-confidence. Why do stay-at-home mothers often feel guilty about not earning money, even though they are doing an important job? As the American presidential elections approach, Doug Goldstein CFP® and guest co-host, financial advisor Roger Whitney, from The Retirement Man podcast, explore how the resultant economic upheaval may affect the way you invest. What should you do when dramatic world events impact the economy? Can having liquid assets available protect your portfolio? Follow Jen Hemphill at: http://jenhemphill.com/, where you can also join her financial community, and also on Twitter @jenhemphill Follow Roger Whitney at http://rogerwhitney.com/ and on Twitter @Roge

If you’re thinking of investing in the airline industry, what do you need to know? Seth Kaplan, managing partner of Airline Weekly and author of Glory Lost and Found: How Delta Climbed from Despair to Dominance in the Post-9/11 Era, explains how Delta Airlines reinvented itself and came back from its 2005 bankruptcy declaration. Find out the factors you should take into account if you are considering investing in an airline and what it takes for an airline to be profitable. What are the secrets of long-term investing? On today’s show, Doug Goldstein, CFP® talks about long-term investing and whether it’s worthwhile taking advantage of your 401(k) plan in spite of the annual administration fees. Follow Seth Kaplan on http://airlineweekly.com and on Twitter: @Airline_Weekly.

How much money do you need to save for retirement? Labor economist Teresa Ghilarducci, author of How to Retire With Enough Money: And How to Know What Enough Is, explains how to make this decision, based both on rules of thumb and your personal situation. Find out how to avoid the most common mistakes that people make when planning for retirement. Doug Goldstein, CFP®, talks about withdrawing from your retirement savings. Learn about the adverse results of not taking “required minimum distributions” on today’s show. Follow Teresa Ghilarducci at http://teresaghilarducci.org/ and on Twitter @tghilarducci