Gain Perspective on Financial Planning. Investments. Your Future.

Three Money Messes to Avoid

Events beyond anyone’s control can adversely affect the retirement savings plans of even the most careful savers. Here are three potential money messes that may be inevitable and unavoidable, but by controlling your response, you can minimize their … [Read more...]

The Bonds American Olim Should Sell

If you live in the United States and are in a high tax bracket, a good trick to minimize your tax bill is to purchase tax-exempt municipal bonds. This may be a smart move since the tax-exempt status of many of these bonds means that you don’t pay tax … [Read more...]

Why We Need Residence-Based Taxation

Is the U.S. taxation system unfair to American citizens living abroad? If you are a U.S. expat who earns all your income overseas and even pays taxes to your new country of residence, you still have to report your earnings to Uncle Sam. You need … [Read more...]

Have You Filed Your FBAR Yet?

If you’re an American citizen, filing your FBAR (Report of Foreign Bank and Financial Accounts) is even more important than planning your summer vacation. The FBAR deadline was changed for 2016, and is now due on April 15 2017. The FBAR form is a … [Read more...]

Would Rosa Parks file her FATCA forms or move to the back of the bus?

America’s greatness is her policy of equality to all and nondiscrimination. Rosa Parks is famous for her stance on refusing to give in to racial discrimination. Who will be the Rosa Parks and stand up againstAmerica’s policy of geographic … [Read more...]

Your Emergency Fund: An Investment or an Insurance Policy?

Putting aside money for an emergency is a good idea, but for an emergency fund to be fully accessible, it needs to be in a liquid asset. Liquid assets, like money markets and CDs receive low interest. So why is putting money aside that won’t grow a … [Read more...]

Do You Need an Emergency Fund?

Financial advisors suggest maintaining an emergency savings fund ranging from three to six months of non-discretionary expenses. Having a set amount set aside for emergencies protects your retirement savings, and helps you avoid going into serious … [Read more...]

How Punitive U.S. Financial Regulations Can Hurt You

If you are a U.S. citizen living overseas, your Social Security, foreign bank account, and investment accounts may cause you the following challenges: Social Security challenges If you retire overseas and receive a foreign pension and then apply … [Read more...]

What You Need to Know About Social Security

I recently gave a webinar on the subject of the Windfall Elimination Provision (WEP), which generated lots of feedback. Evidently, the WEP affects many American olim. Many American citizens who have made aliya weren’t aware that their moving to … [Read more...]

How Anti-Money-Laundering Legislation Hurts U.S. Citizens

As a result of anti-money-laundering legislation that was supposed to dry up the cash flow to terrorists, a great deal of trouble has befallen U.S.citizens living overseas. Not only do Americans now have to file IRS tax returns, but any of them who … [Read more...]

Profile Perspectives is a personal finance blog based on articles Doug Goldstein, CFP®, director of Profile Investment Services, Ltd., published in The Jerusalem Post. The information posted is purely informational and does not constitute investment or tax advice. Advertisements on the site are neither endorsements nor recommendations. Consult your professional advisors before making any investments based on articles or advertisements. Securities offered through Portfolio Resources Group, Inc., member of FINRA, SIPC, MSRB, FSI. Accounts carried by Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation.

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