In the bowl of an electric mixer, beat cream cheese and butter.
Mix in confectioners' sugar, vanilla extract, almond extract and salt.
Slowly mix in flour just until fully incorporated.
Divide dough into two balls; flatten each slightly; wrap separately in plastic wrap; refrigerate at least 4 hours or overnight.
When ready to prepare, pre-heat the oven to 400°F.
Line a baking sheet with parchment paper.
In a small bowl, mix egg white and water together.
Place 1 ball of dough on a lightly floured surface.
Roll dough to about ⅛-inch thick.
Use a pizza cutter to trim all ends to create a nice big square.
Cut dough into 2-inch by 2-inch squares; it works best to cut a 2-inch strip then cut the strip into 2-inch squares.
Place ½ tsp. raspberry jam diagonally down the center of each square.
Fold (non-fruit jam) corners of dough together over the jam in the center.
Touch overlapping dough with a sprinkle of egg wash and pinch together.
Place in pre-heated oven and bake for 10 minutes.
Remove from oven; once cool, dust with confectioners' sugar.