Podcasts

We will be discussing the most pertinent and important issues regarding the in-gathering of the exiles and bringing the Jewish people back to their homeland via Jewish Aliyah to Israel.

What is the difference between "Term" and "Whole" life insurance?

Term life insurance is pure insurance; you pay the insurance company a premium, and if you die within the predetermined period, then they’ll pay your heirs/estate a lump sum of money.

Whole life insurance has a cash component – part of your premium goes into a savings account which you can access if you ever are short of cash. The rest of your premium goes to buy the life insurance itself. Since the entire premium doesn’t go to the insurance component, whole life policies tend to be more expensive than term policies.

Is buying life insurance just throwing money out of the window?

While it is true that you personally won’t benefit from life insurance, your loved ones will receive money when you die, which should replace your lost income.

Additionally, you can use the savings component of a whole life policy as an additional part of your financial plan – withdrawing funds that grew tax free. (Note, income tax is paid on investment gains from withdrawals. I’m not a tax advisor. For tax advice consult an accountant.)

Which policy should I choose?

Listen to the podcast for more tips on how to decide which type of life insurance is best for you.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to https://goldsteinongelt.com/radio-show

The Dvar Torah from Rav Nachman Kahana for this week's Parshat Bo.

Have you ever felt as if all the forces in the universe were stacked against you improving your financial situation?

That doesn’t need to be the case!

Today, Doug brings back one of the Goldstein On Gelt podcast’s most popular guests, Joe Saul-Sehy to discuss Joe’s new book, Stacked (co-written by Goldstein On Gelt former guest, Emily Guy Birken).

This book provides a huge amount of information about personal finance in a way that’s fun to read and inspirational. Doug and Joe discuss whether there are certain people who should NOT keep track of their money. They also answer the question about whether you should buy stuff when you can get 0% financing (spoiler: Free money has consequences.). Finally, they dive into the topic of mortgages, how they should be structured, and the benefits of paying it off early.

Joe Saul-Sehy hosts The Stacking Benjamins Show. Follow him on Twitter @AverageJoeMoney

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to https://goldsteinongelt.com/radio-show

Monte Carlo simulations take a huge amount of data and possible variables and let you know the chance of a specific outcome. Financial planners use Monte Carlo simulations to look at all sources of cash flow, income from investments, possible market scenarios and predict whether you’ll “make it” in retirement.

While Monte Carlo simulations are a starting point to financial planning, Doug’s interview with Dr. Harry Markowitz titled Can Modern Portfolio Theory Make You a Better Investor? highlights all the options.

Can you predict what your financial future will look like?

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes downloadable resources, go to https://goldsteinongelt.com/radio-show

Rav Nachman speaks about the Parsha and current events.

If you are a non-resident alien of the U.S. (meaning you do not live there and you do not have citizenship) and own investments or assets in America, your American assets may be subject to inheritance tax. With the help of smart tax advisors, many people have found some great solutions.

Ron Zalben, The Goldstein on Gelt Show’s tax tip expert, discusses how a non-resident alien can choose investments to side-step this costly tax. Ron, a partner with Aboulafa Avital Shrensky & Company, specializes in American and Israeli tax planning and compliance. Find out when an offshore mutual fund comes in pretty handy for a non-resident alien. American citizens though, you should stay far away from such funds! Non-resident aliens should consult with a tax professional before making a financial decision regarding a “U.S. situs” investment.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to https://goldsteinongelt.com/radio-show

The distribution of a deceased person’s assets is a complicated process that may become more complicated when estate tax is involved. Ron Zalben, CPA at Aboulafa Avital Shrensky & Company law firm and frequent guest on The Goldstein on Gelt Show, shares insights on estate tax. Listen to learn if your estate will be subjected to estate tax, and what the current laws are.

Did you, or are you anticipating receiving an inheritance?

Doug wrote a book geared to those who have received, or are anticipating receiving an inheritance: The Inheritance Book. The book is a resource for people who recently lost a loved one. The book contains 5 essential checklists to streamline the paperwork involved in claiming an inheritance.

If you need a little help getting your inheritance paperwork form in order, Doug has created a free checklist to keep you on track.

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and resources, go to https://goldsteinongelt.com/radio-show

If you want to enhance your Chanukah evenings - turn off the lights and gaze at the Chanukah candles...

But before that, here is a really touching and compelling teaching by Ari about the power of this ancient sacred practice.

We speak with Rav Nachman Kahana about the state of Jews in America.

What exactly is a power of attorney, and when would it come into play? Russell Mayer, a Senior Partner at Livnat Mayer & Company, explains what a power of attorney (POA) is and when people would typically need to use one. A power of attorney gives someone else the authority to handle your affairs in the event you can’t. There are several different types of power of attorney, and knowing which is the most appropriate can be complicated. In fact, Americans who recently moved to Israel may be surprised to find that an American power of attorney will not be recognized in Israel.

There’s more to know about receiving an inheritance, other than getting cash!

During September every episode is focusing on a different aspect of receiving an inheritance. Today’s episode focuses on what happens if you inherit an (Individual Retirement Account). Taking money out of a beneficiary IRA can have tax consequences so before you use the funds consult with a tax advisor, and before you invest the funds, consult with your investment advisor, as some types of investments may not be appropriate for an IRA. Doug explains what you should do if you inherit an IRA or need to handle any assets domiciled in the U.S. If you need a little help getting your inheritance paperwork form in order, here is a free checklist to keep you on track!

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to https://goldsteinongelt.com/radio-show

Rav Nachman Kahana discusses current events and this week's Torah Portion of VaYishlach.