Put your money to work now so you can take it easy later
Yitzchak Goldsmith is a Certified Financial Planner (the gold-standard designation for financial advisors) with a degree and background in accounting. He quickly dispels the misconception that financial planners only deal with hard, dry numbers. “Financial planning is about ethics, business, psychology — and finances,” he explains.
Yitzchak is also a Charter Life Underwriter (CLU), a certification awarded to people who specialize in life insurance and annuities. He uses his wide-ranging knowledge to guide his clients — from kollel families to multimillionaires — to plan wisely for their future needs, whether college tuitions, emergency funds, weddings, or retirement.
Yitzchak grew up in a family that valued saving wisely. He remembers his grandfather skimming the newspaper for stocks to see where he could invest next. When his grandfather sold his business, he invested in the stock market and put aside money for each of his grandchildren. That pot grew into a sizeable chunk, which many of the grandchildren used to purchase their first homes.
Yitzchak’s other grandfather didn’t give standard birthday gifts; instead, he would give each grandchild $25 in bonds each year, which they didn’t even know about. When they married, they would receive the gift of an investment that had been working on their behalf all those years. “It was what first gave me the idea of choosing long-term gains over short-term pleasure,” Yitzchak shares.
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