What is the best way to invest when there is a strong dollar ? In today's show, Doug answers a listener's question about the best way to invest when there is a strong dollar and you are an American citizen living abroad. Learn the difference between "reference currency" and "living currency." Does the U.S. government possibly discriminate against its citizens who live overseas? Read this article about the tax reporting obligations of Americans living abroad. Today's guest, Mark Divine, a former ...
Jan 03, 2017•26 min
Don’t get carried away by rising interest rates. Instead, consider the impact of interest rates on your retirement plan. Doug reviews fundamental points about retirement planning and how to make sure your money is there for you when you actually need it. How should rising interest rates affect the way you handle your investments? Money manager Chris Cogswell returns to The Goldstein on Gelt Show and discusses what happens in a rising interest rate environment. Chris also explains how high freque...
Jan 03, 2017•27 min
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 Universit...
Jan 03, 2017•25 min
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. Retire...
Jan 03, 2017•19 min
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 exp...
Jan 03, 2017•21 min
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 Y...
Jan 03, 2017•24 min
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 ...
Jan 03, 2017•23 min
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 ...
Dec 31, 2016•24 min
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 a...
Dec 31, 2016•23 min
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 ...
Dec 31, 2016•23 min
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.abo...
Dec 31, 2016•22 min
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...
Dec 31, 2016•23 min
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 mut...
Dec 31, 2016•25 min
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...
Dec 31, 2016•23 min
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 pro...
Dec 31, 2016•25 min
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 i...
Dec 31, 2016•24 min
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...
Dec 31, 2016•27 min
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 includ...
Dec 31, 2016•25 min
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 j...
Dec 31, 2016•26 min
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 e...
Dec 31, 2016•26 min
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...
Dec 30, 2016•26 min
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 distribut...
Dec 30, 2016•25 min
An important, yet neglected, aspect of financial success is organizing your paperwork. Melanie Cullen, author of Get It Together: Organize Your Records So Your Family Won’t Have To , explains why organized paperwork helps you manage your finances efficiently. Find out the best ways to organize your information and why storing it in the cloud is not always the best idea. After your paperwork is organized, and you can see your financial situation clearly, it’s easier to think about retirement plan...
Dec 30, 2016•28 min
Efficient estate administration minimizes the amount of time it takes heirs to receive an inheritance. Estate expert Peggy Atkins Munro, author of Estate and Trust Administration for Dummies , explains the basics that everyone should know when dealing with an estate, whether it is preparing your own estate or an inheritance. Find out the difference between a will and an estate plan and why both are important. In addition to estate planning, it is also important to pay attention to your investmen...
Dec 30, 2016•28 min
What’s the first thing you should do if you receive a sudden windfall, such as an inheritance, legal settlement, or bonus? Robert Pagliarini, president of Pacifica Wealth Advisors and author of The Sudden Wealth Solution: 12 Principles to Transform Sudden Wealth Into Lasting Wealth , gives advice on how to take control of the situation. How do you get proper financial help and guidance, and how should you deal with people who want a slice of your newfound wealth? Most of us accrue wealth not thr...
Dec 30, 2016•29 min
Can an investment failure ultimately lead you to financial success? Yahoo Finance columnist Rick Newman, author of Rebounders: How Winners Pivot From Setback to Success , talks about how to rebound from a loss. Find out how to determine whether you should quit and minimize your losses or ride out a difficult situation till the end. Instead of being afraid of failure, use it as a learning tool. Doug Goldstein, CFP® talks about the upcoming U.S. presidential elections and how their influence on ma...
Dec 30, 2016•33 min
Since schools don’t make financial education a required subject, many people grow up not knowing how to manage their financial affairs. Andrew Fiebert, host of the Listen Money Matters podcast, explains the best ways you can learn about personal finance and how to manage your money. Find out how to avoid the most common financial mistakes and better your personal financial education. When should you sell your investments? How do you know when to sell a stock? If you sell it when it is profitable...
Dec 30, 2016•26 min
Being a disciplined investor is an important character trait of successful investors. Andrew Horowitz, CFP®, author of The Disciplined Investor : Essential Strategies for Success explains the necessity of self-discipline when investing. What is the best way to deal with media frenzy, risk, and drama in the markets? Being a disciplined investor is more than watching the markets. It also plays into how you discuss financial concerns with your spouse and teach money to your children. Show host Doug...
Dec 30, 2016•27 min
Financial fitness isn't only about staying within your budget and savings. It's also about monitoring your stress level on financial issues. Shannon McLay, founder of The Financial Gym , discusses financial health and why every individual needs their own personal "diet" and "workout". Find out why it's important to work on your money habits while you are still young. Should you sell your house when you retire? Doug Goldstein, CFP®, answers the question of whether it's a good idea to sell your ho...
Dec 30, 2016•28 min
How much of an influence should your personal beliefs have on your money values and choices? Patricia Aburdene, author of Conscious Money: Living, Creating, and Investing with Your Values for A Sustainable New Prosperity , explains why making financial choices in accordance with your conscience may help you become a better investor. Find out what "conscious money" is and why doing a value review should be an important step in deciding how you invest. What happens if you are "retirement rich" but...
Dec 30, 2016•26 min
