Goldstein on Gelt

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 practica...

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...

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...

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 sur...

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 o...

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: w...

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 Sout...

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 fi...

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 ec...

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...

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 financ...

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 f...

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...

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...

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...

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 t...

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...

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 conside...

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 fro...

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 org...

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 a...

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 sh...

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. Dou...

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 y...

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...