Making aliyah isn’t just a chance to reconnect with ancestral roots and biblical history. It’s also a chance to live in a vibrant cultural environment and contribute to the dynamic fabric of Jewish life. Ironically, despite the existential threats from countries like Iran and its allies and terror organizations like Hamas and Hezbollah, the biggest fear most people have about making aliyah is the fear of not being financially secure. If properly channeled, Israel’s innovative spirit can turn some of these challenges into opportunities.

Redefine Yourself

Redefining oneself is one of the more popular ways of getting into Israel’s “startup nation” spirit. Many olim have said that the best decision they made after making aliyah was building new careers around what they loved to do. There’s ample room for starting a new business or pivoting to a different career, especially if it’s directed at the Anglo community. Moreover, support for new ventures is immense, from government grants to incubators and accelerators. Programs like the Israel Innovation Authority provide funding and resources for budding entrepreneurs, making it an ideal environment for those looking to start anew.

Job Opportunities in The Startup Nation

Even if one is not ready to think outside the box professionally, Israel offers many opportunities. For those with skills in high demand, such as IT, engineering and healthcare, finding a job can be relatively straightforward. The Israeli job market values experience and expertise and there are numerous programs to help new immigrants integrate into the workforce. Olim Paveway’s free JobOleh referral service, in cooperation with the local municipal services, lists job opportunities for English speakers, on-site and remote. Nefesh B’Nefesh also offers job fairs tailored to olim. Additionally, many multinational companies have offices in Israel, providing a familiar corporate culture for newcomers.

Affordable Housing: Finding Your Niche

Housing prices in popular cities like Tel Aviv and Jerusalem can be steep. However, Israel also offers housing options that cater to different budgets. Suburban areas like Ramat Gan, Petach Tikva and Modi’in offer more affordable housing while still being in close proximity to major cities. For those willing to explore, northern and southern regions of Israel provide even more affordable options, often with a better quality of life and a strong sense of community.

Planning for Retirement: Security and Comfort

Israel offers several benefits for retirees. The National Insurance Institute (Bituach Leumi) provides a basic pension and many employers offer additional pension plans. Additionally, Israel has a range of senior living communities that cater to various needs and preferences, from independent living to assisted care. What’s more, if olim receive social security payments to a U.S. account, they can probably access their funds via online banking even from Israel. One should, however, speak to a financial advisor to discuss the tax implications

Healthcare Costs: Comprehensive And Accessible

Israel’s healthcare system is highly regarded, offering comprehensive coverage to all residents through its main health funds (kupot cholim). Basic healthcare is covered by a tax deduction, ensuring that everyone has access to necessary medical services. Supplemental insurance is also available for those who want additional coverage, often at a reasonable cost compared to other countries.

Education Costs: Investing In the Future

If a family is making aliyah with children rest assured. Israel’s education system is robust, with public education available at no cost from kindergarten through high school. There are also numerous private and international schools that cater to different educational philosophies and languages. Higher education in Israel is also highly respected, with universities like the Hebrew University of Jerusalem and the Technion offering world-class programs.

The High Cost of Living: Navigating Expenses

Yes, the cost of living in Israel can be high, especially in major urban centers. However, many olim find that the vibrant lifestyle, cultural richness and sense of community make it worthwhile. By adopting local habits, such as shopping at markets, using public transportation and embracing communal living, newcomers can manage their expenses more effectively. Additionally, the strong community support systems, such as local organizations and community centers, provide resources and assistance to help olim adapt.

Taxes: Navigating the System

Understanding the tax implications of making aliyah is essential. Israel offers significant tax benefits to new immigrants, including a 10-year tax exemption on foreign income. However, it’s crucial to understand the tax obligations both in Israel and the United States. Consulting with a tax advisor familiar with both systems can help olim optimize their financial situation and avoid any surprises.

Conclusion: Embrace the Adventure

While the financial concerns of making aliyah are real, they are not insurmountable. With careful planning, resourcefulness and a willingness to adapt, new immigrants can find not only security but also fulfillment and success in Israel. Embrace the challenge, think creatively and take advantage of the myriad opportunities that the startup nation has to offer. Making aliyah is not just a move — it’s a brave step toward a brighter future.

Rabbi Sid Slivko, who made aliyah in 1997, is community relations coordinator for Olim Paveway, which assists Anglo olim as they navigate their way through the Israel absorption process as they build a new life in Israel, offering guidance, practical advice and moral support. Their web site is www.olimpaveway.com. Rabbi Slivko can be reached at [email protected].