I’d like to CONTINUE our video series discussing Financial Considerations Before Making Aliyah. And today we will discuss…
Investment assets: Deciding where to locate your investments may depend on a variety of factors including convenience and tax and financial planning strategies. In my experience, folks with U.S. sourced income or a large nest egg already at a U.S. financial institution have not moved all their funds into Israel. While I can’t discuss the nuances of the Israeli system, in which I am not an expert, I can speak to the benefits of the U.S. system, which should not be taken lightly.
American investors have many competitive advantages over other countries. There are numerous financial institutions to choose from with competitive and differing fee structures. The investment products available in the U.S. are plentiful, varied, and usually liquid. The U.S. banking system is transparent and regulated, so folks can feel confident that their funds are secure. There are also many tax efficient ways to invest your funds utilizing proper accounts and strategies, which may be beneficial if you have a U.S. based job or other taxes due in the United States.
Tomorrow I will conclude with several final points to consider before moving to Israel.