Alon Gal advises: How can you not miss your pension money?

I am retired, still working almost full time, I have an apartment in Petah Tikva, I have a study fund, and I also have a savings of about 180,000 shekels, but I do not know how to manage financially properly with the capital I have, which I estimate amounts to one million shekels. What should I do with the money?
Many times in life we ​​devote a lot of energy and attention to all sorts of not very significant things, like buying a new outfit or flying abroad, so we research, test and compare. But precisely when it comes to managing our finances for the long term, a significant issue with many consequences, we are often lost and do not know what to do and how to proceed, “Gal said at the beginning of his answer.

Gal added that the matter of provident fund money should not be neglected, since it is something that every insured person deserves, and recommended consulting professionals: “You have worked all your life for the money you have, and this money should provide you with a quality of life so you can enjoy the fruits of your labor. Consult with professionals on these issues. ”

He went on to say: “Today in the State of Israel there are excellent investment houses, and all you have to do is go to an investment house with all the data you have. There you will be asked many professional questions, such as how much money do you want to invest, if you will have to spend some in the near future. “The risk that you are willing to take, etc. In an investment house, they will be able to manage the amount you have while looking at the macro, and not just the micro.”

“It’s about your money, your property,” Gal added, “these are things you created on your own and for yourself, and they should provide you with financial backing in the third part of your life, and additional non-work-related disposable income. To make that happen, consult a professional. You can greatly help yourself to understand how to allocate your available funds in the right way for you. ”

In conclusion, he said: “Thus, it will be possible to build an investment model, an orderly investment portfolio that is mostly solid in nature, and consists of government bonds, bonds of leading companies such as banks or insurance companies, and its share of long-term solid components in the capital market. “Between 3% and 10% return on average per year. If you have assets worth a million shekels, your return every year can be very high, compared to the current situation, where you suffer from a loss of potential funds, which is a shame.”

I am married with two children, and recently my family and I won an apartment in a price per occupant program. The apartment is located in Beer Yaakov. We currently live in a rented moshav and want to continue living here. Should we buy the apartment at a price per occupant and rent it out, or give up?
“Buying price-per-tenant apartments for rent is a very individual and variable matter, depending on a number of different factors,” Gal stated, adding that various parameters should be considered, including the location of the apartment, the amount of the discount and the initial capital before taking out a mortgage on the apartment.

“It is important to pay attention to all these variables when making a decision on the matter. Since you are interested in renting the apartment you will purchase, it is very important that you check the issue of rent in the area where you will purchase the apartment,” Gal said.

Price per occupant project (Photo: Yossi Yosef)

“If it’s Be’er Ya’akov, then it’s important to check how long it takes until you can rent an apartment there, and at what actual prices apartments are rented there. This will give you a clearer picture of the options available to you, and the process of renting the apartment,” Gal explained. Like most places where people get price-per-tenant apartments, it is not the center of Tel Aviv and is also “not adjacent to the Technion in Haifa.” Gal said that when there is a massive construction of apartments for rent in an area that is not inherently high for rent, it often takes a long time to succeed in renting the apartment.

In conclusion, he said: “I know many people today in quite a few places in the country who sit with price-per-tenant apartments and are unable to rent them out. At the same time, each case is on its own. Because Beer Yaakov is relatively close to the center and can be a sought-after residential area for young families. You have sufficient start-up capital to help with the mortgage loan, so this can definitely be a good deal. ”

Source: – סגנון-לייף סטייל by

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