Taxation, banking, insurance, pensions and so on are not the most romantic aspects of aliyah. There will be those who blithely ignore such matters, carried away by idealistic motivation. Others might find the prospect of dealing with a financial system both technically and culturally unfamiliar so daunting and difficult as to be a large stumbling block on the way to making a new life in Israel. Baruch Labinsky’s concise handbook is to be recommended for all English-speaking olim, wherever they may be on the scale between these two extremes, as well as for veterans seeking to get a better handle on their finances. It is very persuasive on the need to set financial goals, to plan, and to understand the options available, while at the same time it demystifies Israeli institutions and explains Israeli attitudes, to calm the financially anxious.
To judge from his bio, the author is well qualified by both education and experience to help olim find their financial feet. The book is accessible and down-to-earth without over-simplifying. It tells new arrivals what they really need to know about Read the rest of this entry »