Financial Planning

  • 4 Important Investment Tips and Money Resources for U.S. Olim

    By Douglas Goldstein, CFP® Having helped Olim for almost 25 years with handling their U.S. investment and IRA accounts, I’ve assembled a list of some of the most common problems that they face. Along with that, I’ve made or found some great free money resources that have helped lots of them. The investment tips here […]

  • General Tax Issues When Making Aliyah from Canada

    Becoming a non-resident of Canada will generally not affect your citizenship status in Canada. Canada does not typically ask people who become non-residents to give up their citizenship. However, your change in residency status will significantly change the manner in which you are taxed by Canada. How? For starters, Canadian residents are taxed on their worldwide income while non-residents are taxed only on their Canadian-source income.

  • Making Aliyah from the UK – Tax Considerations

    Welcome to Israel! Making Aliyah can be a daunting prospect, and all the more so when you’re entering a new tax regime, i.e. that of Israel.

    This article is to help you consider some of the issues from the UK point of view, although we will touch on some of the Israeli aspects. It goes without saying that bespoke advice should be taken for each individual circumstance.

  • Making Aliyah and Juggling Debt, Loans or a Mortgage

    Living in Israel is awesome – and for many people it is a true dream come true. To make the dream of living in Israel a reality, there are many practical steps that one must take to ensure successful absorption into Israeli society. From my experience, having proper expectations is one of the key ingredients to a successful Aliyah.

  • Financial Guide for Retirees making Aliyah from the UK

    Introduction | Basic Principals | Issues to be Tackled | Overview of the Four Asset Classes | Summary Thanks to Simon Benarroch for his contribution of this article. ‘In life, patience is a virtue. In retirement, it’s virtually invaluable’ I have been working with Olim for many years, helping them with their finances and investments. […]

  • Sample Budget for Families in the First Year

    Here you will find the sample budget for a family of Olim planning their first year in Israel. This resource allows you to approximate the main monthly expenses you will encounter after making Aliyah.

  • Sample Budget for Couples

    Here you will find the sample budget for an Olim couple planning their first year in Israel. This resource allows you to approximate the main monthly expenses you will encounter after making Aliyah.

  • Real Estate Investing in Israel

    Depending on your stage in life and financial situation, you may well have already looked at, or become involved in the real estate market in Israel prior to making Aliyah. However, even if it is something you never considered, it will become very relevant to you upon arrival as you consider purchasing a home here.

  • Is Your Currency Broker Abroad Secure

    Make especially sure that you check the regulatory credentials of any non-bank foreign exchange specialist. Ensure the company operate segregated client accounts & have a proven track record in business

  • UK Inheritance Tax and QNUPS

    UK Inheritance Tax (IHT) is usually paid on an estate when somebody dies. It’s also sometimes payable on trusts or gifts made during someone’s lifetime. The Inheritance Tax threshold (or ‘nil rate band’) is the amount up to which an estate will have no Inheritance Tax to pay.  

  • Israeli Trust Law

    What is a Trust? Someone (Grantor/Settlor) can create a trust by signing a trust deed in which he transfers legal title of his assets to a trustee, whom he designates in the trust deed. The trustee, while having legal title to the assets, has no beneficial entitlement from the assets. The trust deed names beneficiaries, who do not have legal title to the assets, but are able to enjoy the income and the assets in accordance with the terms and conditions under the trust deed.

  • US Tax Compliance

    Thank you to Avraham Deutsch’s office for authoring this article. US Tax Compliance-General Guidelines US citizens and residents living in Israel or another country abroad are still liable to file US tax returns and report worldwide income. In addition, all US citizens and residents are liable to report their foreign bank accounts balances  on an […]

  • Taxation of New Immigrants Rules in Israel

    New immigrants and returning citizens are entitled to various benefits granted by the Israeli Income Tax Ordinance. These benefits were extended in 2008 in commemoration of Israel’s 60th anniversary to try further to provide incentives for Jews to make Aliyah. A returning citizen is someone who has either resided overseas for at least 10 years;

  • When to Convert Your Foreign Currency in Shekels

    If you are about to realize your dream of Aliyah – Mazal Tov!  It is an amazing and huge step that hopefully will add much happiness and meaning to your life. But with all the practical, immediate details that you are finalizing now, you also need to consider the longer-term financial ramifications of switching countries – and currencies – to ensure your continued financial stability.

  • The ABC’s of Aliyah Financial Planning

    Making Aliyah is a huge decision, but one that has the potential to enrich your life in countless ways. In order to ensure that your move is as smooth as possible from a financial perspective, there are many elements that you need to plan and organize.

  • A Guide to Navigating the Israeli Banking System – Some Practical Tips

    Guest Contributor: Gershon Kayman, Esq. Adapting to a new country includes adjusting to that country’s banking system. Since banking is a necessary and regular part of life, it is important to have an understanding of the Israeli banking system prior to Aliyah. Banking in Israel is different to banking in other western countries. Although Israel is a […]

  • Money Changers in Israel: Are They Safe?

    It is not unheard of for people to lose their money to money changers. Some may wonder how that is possible if a customer just walks into a money changer with cash of one currency in exchange for the cash of another currency. Truth be told, there is really no risk to the customer if a customer merely changes cash for cash, absent counterfeit money and/or unfair rates.

  • How I Saved 3600 NIS in 40 Minutes

    Thank you to Talia Klein Perez for this article. Talia can be found on Twitter or at her blog, Daughter of Cancer. This post appeared originally on Facebook, along with a Hebrew translation. Over the last year, our government passed laws that favor consumers, mainly canceling the high fines we have had to pay to leave one service provider for […]

  • Money Changers in Israel: Are They Safe?

    Guest Contributor: Gershon Kayman, Esq. It is not unheard of for people to lose their money to money changers. Some may wonder how that is possible if a customer just walks into a money changer with cash of one currency in exchange for the cash of another currency. Truth be told, there is really no […]

  • Money Transfer and Currency Conversion

    A Word of Caution: Money changers are subject to regulations set forth by the Israeli government for currency conversion and accepting money deposits. Please be sure to thoroughly check the credentials of any financial service provider before changing money or arranging bank transfers, and be aware of any risks involved.  Transferring money to Israel and […]

  • Sample Retiree Budget

    Here you will find a sample budget for a family planning their retirement in Israel. This resource allows you to approximate your monthly expenses during your first year of Aliyah.