Feb 27 2025 24 mins 2
Did you know your U.S. IRA could still provide major tax advantages even after making Aliya? In this episode, special guest Yaacov Jacob, an expert accountant with extensive experience helping cross-border clients, joins the show to reveal essential strategies for Americans living in Israel. Together, we unpack the differences between traditional and Roth IRAs, explore how Israeli and U.S. tax systems interact, and discuss how to avoid costly pitfalls like double taxation. Whether you've been in Israel for 10 months or 10 years, there's plenty to learn about optimizing your retirement accounts.
Key Takeaways:
- Traditional and Roth IRAs have different tax benefits—learn which one works best for Americans in Israel
- Israeli and U.S. tax laws interact in ways that can either hurt or help your retirement savings
- Converting a traditional IRA to a Roth IRA might reduce future tax burdens but requires careful planning
Want more insights? Check out the full breakdown of cross-border retirement planning by clicking here.
