We welcomed a new client who had moved back to Israel from the US after the passing of her husband. Morgan Stanley could no longer hold her Individual Retirement Account (IRA). We transferred this to Pershing, our primary custodian and began to manage the account. The couple had worked for over ten years in the US together, and therefore we were sure that the deceased husband must have put money into either a 401K plan or an IRA. 

Eventually the widow was able to find an old statement for an IRA in her deceased husband’s name. 

Our US-based service team contacted the IRA custodian, and they were able to confirm that there was indeed an IRA in the husband’s name, but would only confirm more details after the presentation of the death certificate, and could only talk with us with the widow on the line. 

After a long process, a significant sum of money, over twice the value of the widow’s own IRA, was transferred to her IRA. Because she is the surviving spouse, she did not have to open an inherited IRA (all other beneficiaries would have had to do so).

At the time of writing we are also working with an existing client, who remembered he had an old 401k plan in the US. We are in conversations with the custodian. 

Thinking About Moving to Israel?

You don’t have to make a radical, all-or-nothing decision overnight. But if the idea has been on your mind, we’re happy to chat.

Whether you’re:

• Planning retirement in Israel,
• Exploring dual-continent work,
• Or just curious what the day-to-day is like here,

…feel free to reach out. We’ve also published the following blogs you might find helpful:

• Checklist for moving to Israel
• Immigrating to Israel
• A guide to retiring in Israel

Let’s Talk!

We’re financial advisors for expats, both in the U.S. and in Israel, and can help you plan your transition wisely. Whether you’re balancing U.S. assets, managing remote income, or figuring out healthcare and retirement, we’ve helped dozens do just that.

If you are moving to Israel or another country and don’t know where to start when it comes to the financial side of things, please contact us.

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CONTACT US to schedule a time to speak with Nardis Advisors regarding your portfolio and personal financial plan.

Disclaimer

Nardis Advisors LLC (“Nardis”) is a Registered Investment Advisory Firm regulated by the U.S Securities and Exchange Commission in accordance and compliance with applicable securities laws and regulations. Registration does not imply a certain level of skill or training. Nardis does not render or offer to render personalized investment advice through this medium. The information provided herein is for informational purposes only and does not constitute financial, investment or legal advice. Investment advice can only be rendered after delivery of the Firm’s disclosure statement (Form ADV Part 2) and execution of an investment advisory agreement between the client and Nardis.