Israel's remarkable economic performance continued in 2022, a new government coalition led by Mr. Netanyahu took power last December and the country marked its 75^th anniversary in April. Yet, instead of celebrations, Israel faces a crisis.

Individuals and families are increasingly responsible for their own savings and investment decisions. We will enjoy longer lives and life expectancies are expected to increase. At the same time, the standard of living provided by a given amount of income is likely to fall over time due to inflation, as prices of goods and services more commonly increase rather than decrease. Hence, we need to supplement public and private retirement benefits with additional savings. Retirement readiness requires an intelligent management of money over our lifetimes - saving during our working years and then drawing down assets when we retire, as predicted by the life-cycle model.

The death toll from the 6 February earthquake disaster topped 41,000 in Turkey and 6'000 in Syria and the full scale of the earthquake disaster is still unfolding. The World Health Organization (WHO) called the Turkey-Syria earthquakes "Europe's worst natural disaster in a century", estimating that some 26 million people across both countries need humanitarian aid and immediate assistance.