Life Unlimited with Larry Heller, CFP(R): Recent Episodes
Larry Heller
Financial planning and wealth management cannot be done room-by-room or even floor-by-floor. It’s needs a solid foundation and a clear blueprint before you can begin implementing tactics products. Our Complete Financial Advice considers your entire financial house.
Due to high inflation rates, the ever-changing state of the markets, and many driving factors that have altered the economy, we want to help you save on taxes so that your money can stay safe in YOUR pockets.
In this episode, Larry Heller, CFP®, is joined by Matthew Taus, CPA, CFP®, to talk about strategies businesses, and individuals qualify for, and can use to help them save money on their income tax.
Listen as Matt and Larry discuss:
- How businesses can benefit from a qualified business income deduction
- Not to forget to incorporate recent tax law changes to lower what you owe
- Steps you must take before year end to lower your personal income taxes
- Retirement Plans you can contribute to in order to reduce your taxable income
- And more
Resources:
- Tending Your Investment Strategy with Tax Loss Harvesting (Ep.115)
- Navigating A Bear Market As A Soon-To-Be Retiree (Ep. 111)
- Year-End Planning Recommendations for Retirees (Ep. 98)
Connect With Matthew Taus:
- LinkedIn: Matthew Taus
- Wild, Maney & Resnick, LLC
- Email Matt Taus
- (516) 364-8888
Connect With Larry Heller:
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
About Our Guest:
After starting his career with KPMG performing audits of large multinational companies Matthew Taus transitioned to financial and tax planning for a diversified group of mid-size business and individuals focusing on advising high wealth clients in the areas of trust, estate and gift tax planning matters.
Matthew is an executive board member of the National Conference of CPA Practitioners and the Estate Planning Council member of the American Institute of Certified Public Accountants Financial Planning Association and New York State Society of CPAs.
He regularly speaks and writes on tax manners for organizations and publications and now he is here to offer his insight on our podcast.
The Stock Market is having a down year, and we want to help save you some money on your taxes!
Enter, Tax Loss Harvesting. What is it? It’s an investment strategy that starts with the unrealized losses, and ends with money in your pocket.
In this episode, Larry Heller, CFP®, breaks down why and how you can make unrealized losses into realized losses to save money on income taxes.
Larry discusses:
- The Tax Loss Harvesting Process
- Offsetting Taxable Gains with Losses
- What is a wash sale and why you must avoid
- Carry Forward Losses
- And more
Resources:
Download a Free Copy of Tax Loss Harvesting Checklist
Connect With Larry Heller:
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
Despite common belief, prenuptial agreements are not just for the ultra rich. They can benefit anyone from any financial background.
In this episode, Larry Heller, CFP invites matrimonial attorney Sandra Radna, Esq to discuss prenuptial agreements and what benefits they serve to both individuals in a marriage.
Sandra also discusses how prenuptial agreements do not come as one-size-fits-all, and highlights how you can create an agreement that matches your wants and needs.
Sandra discusses:
- How prenuptial agreements can protect you and your spouse during a marriage
- Why prenuptial agreements are not just for multi-millionaires (despite common belief)
- How much time prior to the wedding you should establish a prenuptial agreement
- What is a postnuptial agreement?
- And more
Resources:
- You’re Getting Divorced…Now What? By Sandra M. Radna, Esq.
- Life Unlimited: Navigating The Myriad of Tasks After The Loss of a Loved One with Ronnie Genser (Ep.113)
Connect With Sandra Radna:
- LinkedIn: Sandra Radna
- RadnaLaw.com
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
About Our Guest:
Sandra M. Radna Esquire is an award-winning New York attorney and the owner of Sandra M. Radna P.C. Sandra has been published and quoted in a number of periodicals concerning the intersection of finances and matrimonial law, including CNBC.com, Yahoo Finance Observer, Business Insider, and more. She's also the author of the book “You're Getting Divorced…Now What?”.
One of the last things you want to worry about when you lose a loved one are the numerous non-financial tasks after the loss of a loved one.
Unfortunately, this is the reality for a lot of people.
In this episode, Larry Heller invites Ronnie Genser, President at Bereavement Navigators, to discuss all you need to know when it comes to navigating the myriad of taxes after the loss of a loved one, especially a spouse.
Ronnie discusses:
- How the loss of a loved one impacted her career and finances
- How to prepare for the loss of a spouse from a non-financial standpoint
- What inspired her to found Bereavement Navigators, a company that helps widows and widowers navigate the myriad of non-legal and non-legal and non-financial aspects of losing a loved one
- How to navigate Social Security for the deceased without the headache
- And more
Resources:
- Life Unlimited: What You Need To Know About Retiring in a Recession (Ep.112)
Connect With Ronnie Genser:
- LinkedIn: Ronnie Genser
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
About Our Guest:
Ronnie Gensers’ professional background includes over 20 years in international and domestic sales, marketing, training and consulting.
Unfortunately, Ronnie's successful career path took an unexpected turn after the sudden death of her husband. The things Ronnie learned about what she needed to do after her husband's death include how to organize the numerous and unexpected tasks and the resources she found and the tips she learned. She now shares her work as a Bereavement Navigator with widows, widowers, adult children, and other relatives who have lost loved ones.
If you're thinking about retiring, but the recession has you worried, have no fear, with proper planning, you can make decisions that are right for you.
What types of things should you be reviewing with your financial advisor when the economy looks like it is headed into a recession?
In this episode, Larry Heller, CFP® discusses how you can make an educated decision when deciding whether your retirement plan is fit for the costs of a recession.
Larry discusses:
- The importance of knowing your retirement expenses prior to retiring
- How to know if your retirement plan is compatible with a recession
- The analysis you can do on your retirement plan to strengthen it against inflation
- What you can do if you are forced to retire
- And more
Resources:
- Life Unlimited: Navigating A Bear Market As A Soon-To-Be Retiree (Episode 111)
Connect With Larry Heller CFP®:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
You’ve done it. You’ve invested, saved, and properly allocated your money to live a fulfilling retirement. But now the economy has entered a bear market and you don’t have as much money as you thought.
A bear market can cause you to make knee-jerk reactions that can affect your retirement plan.
In this episode, Larry Heller, CFP® discusses how to navigate a bear market and shares some strategies to use when going through a bear market in retirement.
Larry discusses:
- How to find out your risk tolerance in a bear market
- How you can review and rebalance your asset allocation during a bear market
- What you should be doing with your cash right now
- Ways to remain calm when your portfolio continues to go down
- And more
Resources:
- Life Unlimited: Transitioning Into Retirement and Gaining a New Purpose with George Jerjian (Ep.110)
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
Entering retirement can feel like crossing the finish line of a marathon, however, that doesn’t mean the race is entirely over.
A large struggle people face when they enter retirement is establishing their new identity outside of the workplace and staying engaged with the things that give them purpose.
In this episode, mindset mentor George Jerjian, a formal financial advisor and a prolific author who recently released “Dare to Discover Your Purpose: Retire, Refire, Rewire,” discusses the reality of new retirees and offers solutions to help overcome the common struggles people face after the honeymoon phase of retirement is over.
George discusses:
- The moment that altered the course of his life forever
- The concept of identity and how you can avoid struggling with it during retirement
- Why wealthy people never fully “retire”
- What the DARE program stands for and how it can help you in retirement
- And more
Resources:
- “Dare to Discover Your Purpose: Retire Refire, Rewire” by Geroge Jerjain
Connect With George Jerjian:
- George Jerjian
- LinkedIn: George Jerjian
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
About Our Guest:
As a formal financial advisor, George is on a mission to help retirees create a plan for their later years which is about much more than money for him. It is all about making a difference and helping those heading for retirement, creating a life of purpose, passion, and potential that reflects how we live today.
George has authored 11 books including his most recent release Dare to Discover Your Purpose. George works with clients across the world, from the UK, the US, Canada, as well as Australia and New Zealand.
Will your net worth be transferred to your heirs the way you intend it to? How do you know?
In this episode of Life Unlimited, Larry shares some real life stories of major mistakes he has seen with respect to a will, beneficiary or the titling of an asset. Listen in to hear some advice to make sure your estate planning wishes are kept up to date with your current family dynamic.
Larry discusses:
- Steps to take to ensure what you want happens after you pass away
- How to properly distribute money to a minor child
- Three areas to review to avoid common mistakes
- The risks of having an outdated will
- And more
Resources:
- Life Unlimited: Taking Financial Responsibility Before You’re a Widow or Widower (Ep. 108)
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
99% of people will become a widow or widower at some point in their life, so financial preparation will be helpful during this emotional time.
In this episode, Larry Heller guides you around ways to make financial planning easier during this major life transition by revealing key steps you’ll want to incorporate into your financial planning should you become widowed. Plus, he explains why financial discussions between spouses are important, especially in the later years of life.
Larry discusses:
- Concepts to include in your financial plan for when you become a widow or widower
- How tax situations may shift when one spouse becomes widowed
- The potential shift in insurance coverage as a widow or widower
- How editing a will after one partner has passed may be required
- And more
Resources:
- Life Unlimited: Strategies For Living With Inflation (Ep.107)
- Checklist: What Issues Should I Consider If My Spouse Passes Away
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
Inflation is beyond our control. However, there are ways you can mitigate the effects of inflation — both now and in retirement.
Discover how in this episode, as Larry Heller, CFP®, highlights ways inflation affects our lives and the steps that you can take to protect yourself and your retirement against it.
Larry discusses:
- What to consider with both your planning and investing when it comes to inflation
- The cash strategy of having two to three years of your expenses in cash
- Investments to use as a hedge against inflation
- How a “tax bracket creep” works
- And more
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
It can be extremely emotional and difficult to navigate the many hurdles that come with a divorce.
In this episode, Larry Heller, CFP®, joins Ilyssa Panitz, a divorce journalist, who shares practical insights on both the financial and non-financial Dos and Don’ts when navigating a divorce.
Ilyssa discusses:
- The first steps you should take in a divorce and how it influences your financial future
- Other Professionals beside your Matrimonial Attorney
- Where to get support when going thru a divorce
- The importance of not disrespecting the other parent in front of your children
- Advice for how to transition smoothly into a new stage of life post-divorce
- And more
Resources:
- The Divorce Hour with Ilyssa Panitz
- 10 Critical Steps to Take Once Your Divorce Agreement is in Place
Connect With Ilyssa Panitz:
- LinkedIn: Ilyssa Panitz
- Instagram: Ilyssa Panitz
- IlyssaPanitz.com
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Schedule a 20-Minute Call
- Heller Wealth Management
About Our Guest:
Ilyssa Panitz is the only divorce journalist solely committed to helping others navigate this major life transition by exclusively covering every angle of this topic.
Ilyssa writes a daily column on divorce for Authority magazine on Medium. She also serves as an editorial producer for the national association of divorce professionals and was former co-host of All Things Divorce on Clubhouse. Most recently, Ilyssa has been able to reach an even wider audience through her role as creator writer, producer, and host of a national radio show called The Divorce Hour with Ilyssa Panitz that airs every Saturday and Sunday on CRN digital talk radio, and then on Spotify, Google podcasts, iTunes.
While navigating many of the hurdles that come with divorce, Ilyssa has developed both an emotional and practical insight to this transition, which she is passionate about sharing with others. Ilyssa fully understands the ups and downs of the journey and is making it her mission to help educate, guide, empower, comfort, and build confidence in others going through this painful experience. Ilyssa Panitz is known as the divorce journalist.
Getting divorced later in life can be more complicated than you may anticipate. Have you considered how your retirement plan will be impacted if you and your spouse separate?
In this episode, Larry Heller, CFP®, explains how divorce later on in life can impact your retirement planning, and what steps you can take when going through the divorce process. He also shares how you can gain more control over what happens to your investments and assets during a divorce.
Larry discusses:
- Why it is important to determine who is the non-financial spouse
- Why your housing costs can have a significant impact on your retirement plan
- Why it's helpful to know what your living expenses and income is prior to divorce
- The importance of knowing the rules of Social Security if you’re divorced
- And more
Resources:
- 10 Step Process for Divorcees by Heller Wealth Management
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Schedule a 20-Minute Call
- Heller Wealth Management
Retirement is a huge milestone that you’ve spent your life saving for. But have you planned for what your retirement will actually look like, from a non-financial perspective?
If you ask someone, “what are you going to do in retirement?”, you may find that a lot of people can’t tell you.
In this episode, Larry Heller, CFP®, welcomes Reid Stone, founder and chief executive officer of My Life’s Encore (MLE) to discuss how retirement coaches can be your guide to preparing for the non-financial side of retirement. He challenges you to think about the time spent planning for retirement as an investment that generates future returns.
Reid discusses:
- Why it is important to plan for the non-financial aspects of retirement – in the physical, mental, social, and spiritual terms
- Why retirement is changing and how a retirement coach can be valuable when you are planning for retirement
- How non-financial planning connects to financial planning to create a more successful and happy retirement
- How and when to find a retirement coach right for you
- And more
Resources:
- The Retirement Coaches Association
- The Retirement Challenge: A Non-financial Guide From Top Retirement Experts
- The Strategic Value of Helping Clients Plan Their Ideal Retirement Lifestyle
Connect With Reid Stone:
- MyLifesEncore.com
- Reid@MyLifesEncore.com
- 952-994-8937
- MyLifesEncore.com/blog
- LinkedIn: Reid Stone
- Twitter: AdvisoryQuest
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Schedule a 20-Minute Meeting
- Heller Wealth Management
About Our Guest:
Being part of the financial advisory industry for 20+ years, I noticed that clients are focused on the financial side of retirement but are often unprepared for the non-financial aspects of retirement (The Other Side of Retirement) that include the mental, emotional, social, physical, and spiritual.
My Life's Encore was originally created to educate advisors, HR professionals, and the general public about the importance of planning for the non-financial aspects of retirement. I believe that education and guidance are the keys to a more successful retirement.
My focus is helping financial services companies educate clients and implement non-financial retirement planning to help clients and also benefit their firm. You can learn more about the changing face of retirement at MyLifesEncore.com. My white paper, The Strategic Value of Helping Clients Plan Their Ideal Retirement Lifestyle- Planning for the Non-Financial Aspects of Longevity In An Age of Longevity, is available for download from my website (under Resources).
In previous roles I led financial advisory firm operations. I enjoyed strategically growing and developing the businesses by continuously improving both operational efficiency and the client experience. Areas of leadership include project management, investment operations, investment performance reporting, technology integrations, compliance, hiring, training, and EOS (from the book Traction).
Outside of the office I enjoy anything that keeps me active- bicycling, kayaking, walking, longboarding- as well as following the local sports teams and reading.
What is a fiduciary? Investment advisors, financial advisors, and wealth managers can all adhere to different legal obligations. But how do those duties differ between different types of financial professionals?
In this episode, Larry Heller, CFP®, welcomes Stephen Brodsky, Esq., a corporate partner as they explore fiduciary duties in the financial industry. Stephen helps to simplify the legal terms used by financial professionals to give you a better understanding of their duties. Larry and Stephen discuss whether all financial advisors should be a fiduciary. Why and why not?
Stephen discusses:
- What a fiduciary is in practical terms
- What a Regulatory Best Interest (Reg BI) is and what it means
- How his chapter in “Fiduciary Duty Claims Involving Investment Advisers and Other Financial Professionals” helps to clarify this often-confused part of the financial world
- And more
Resources:
- https://www.americanbar.org/products/inv/book/419072477/
Connect With Stephen Brodsky:
- Email Stephen
- (646) 216-8300 Ext. 114
- M: (516) 314-1407
- LinkedIn: Stephen Brodsky
- Mazzola Lindstrom LLP
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Schedule a 20-Minute Meeting
- Heller Wealth Management
About Our Guest:
Stephen Brodsky is a litigation and corporate partner with Mazzola Lindstrom LLP in New York City. He represents private companies, business owners, and executives in their business dealings and disputes. His practice is a mix of outside general counsel representation, transactional work, and complex commercial litigation. He spent the first half of his career in “big law” and has practiced for over twenty-five years. Outside of his practice, he serves in leadership positions both in the American Bar Association and New York State Bar Association. Stephen is also the author of a Chapter in a recently published Book discussing Fiduciary Duty Claims Involving Investment Advisers and other Financial Professionals.
Our firm creates financial resilience, find out what that means.
In this episode, Larry Heller, CFP®, highlights how his business is so much more than just an investment management company—it is a place where you can achieve financial resilience. Larry dives into all the ways that they help their clients achieve their financial goals.
Larry discusses:
- Why it is important to know your ambitions and desires before creating an investment plan
- The importance of tax strategies when it comes to your investments and how to keep the most money
- Creating a financial plan so you know how much you need to save before retirement and how much you can spend after retirement
- Making sure your legacy plan is properly set up to your wishes
- And so much more!
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Heller Wealth Management
- YouTube: Heller Wealth Management
Do you have a mantra that you repeat to yourself daily? How do you ensure that you are in the right mindset to accomplish all that you set out to do in a day?
Larry is thrilled to have Donna Martini, cognitive coach and creator of Positive Manipulation®, back on the show for the latest episode of Life Unlimited!
Larry and Donna discuss how positive manipulation can be applied to your personal aspirations to achieve success. Donna shares her expertise about the power of the mind and how concepts like mantras can be used to shift your outlook on life.
Larry and Donna discuss:
- The long term effects of using mantras and applying self-healing processes to your life
- The power of visualization in terms of success and how this process can lead you to happiness in various aspects of your life
- How the human body is connected to the earth, and the ways in which the pandemic has contributed to a disconnect
- And more!
Resources:
- The Ten Commandments of Divorce by Donna Martini
- My Mini Book of Mighty Mantras by Donna Martini
-
- How to Affect Positive Change in Your Relationships — with Donna Martini
Connect With Donna Martini:
- LinkedIn: Donna Martini
- Donna Martini’s Website: Mantra Mouse
Connect With Larry Heller:
- Email Larry
- (631) 248-3600
- Heller Wealth Management
- YouTube: Heller Wealth Management
About Our Guest:
Donna Martini is a cognitive coach and student of psychology who has authored many books including “My Mini Book of Mighty Mantras” and the “10 Commandments of Divorce”. She helped people tap into their inmate spiritual power and human potential. Donna has been a wellness and green activists for over three decades and recently created a cartoon character named Mantra Mouse to help spread messages of unconditional love, unity and forgiveness.
Her company, DM Enterprises, LLC is a one-stop, design-to-completion entity that promotes physical, emotional, mental, and spiritual well-being through innovative environmental enhancements and the encouragement of a resolute mindset and healthy lifestyle practices. Every program, book, seminar, and office enhancement is custom fit to meet client needs.
“We hit 100 and we're not stopping!” - Larry Heller, CFP®
Larry has reached his 100th episode of the Retire Right podcast, a huge milestone in podcasting. During these episodes, Larry has provided his audience with all kinds of valuable information on various topics surrounding retirement.
Now, we’re taking a moment to reflect on the podcast so far — and to break down the exciting news of the rebrand of the Retire Right podcast to the newly titled Life Unlimited. Find out what you can expect for the future of the podcast, as Larry looks back on how far he’s come!
Larry also discusses:
- What inspired the change from “Retire Right” to the “Life Unlimited” podcast
- His favorite highlights and guests from previous episodes, including a professional organizer and a full-size model train enthusiast
- How you can suggest topics and content ideas for the Life Unlimited podcast
- Where you can expect to find the podcast — including video recordings
- And so much more!
Resources:
- Heller Wealth Management
- YouTube Channel - Heller Wealth Management
Connect With Larry Heller:
- Email Larry
- LinkedIn: Larry Heller
- (631) 293-2806
- Heller Wealth Management
What are you going to do every day in retirement? As you think a little bit more about retirement, there are five important planning steps to keep in mind.
In this episode, Larry Heller discusses each of the five steps to start planning for a well lived retirement. This episode will help you start visualizing your dream retirement and what it looks like for you!
Larry discusses:
- Visualizing your future life
- Tax and legacy planning
- How much money is enough money
- The impacts of long-term illness
- And much more!
Resources:
- Retire Right: 98. Year-End Planning Recommendations for Retirees
- Heller Wealth Management
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Heller Wealth Management
If you still haven’t started your year-end planning yet, now is the time to start. Planning will help you keep more money in your pocket and less in the government’s pocket.
In this episode, Larry Heller shares year-end planning recommendations for retirees so you don’t miss any of these timely planning opportunities.
Larry discusses:
- Why retirees need to take their acquired minimum distributions
- Ways you can save money from taxes
- Roth conversion and cash flow planning strategies
- Charitable contribution planning strategies
- And more
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Heller Wealth Management
You don’t know what you don’t know. Whether you are contemplating divorce or are in the process, you want to protect yourself by having the proper communication and documentation.
In this episode, Larry Heller talks with Keren Birnbaum, Esq. a partner with Schwartz Ettenger, PLLC who focuses on estate planning, trust and estate administration, and elder law. Keren shares 10 common estate planning mistakes that divorcees need to be aware of to retire right.
Keren discusses:
- Repercussions of not having estate planning documents
- The mistake of not updating your estate planning documents
- Not updating beneficiary designations in your retirement accounts and insurance policies
- Why it’s critical to educate yourself on the assets you own
- And more
Connect With Keren G. Birnbaum, Esq:
- Email Keren
- 631-777-2401 ext. 31
- Schwartz Ettenger, PLLC
- LinkedIn: Keren G. Birnbaum
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Heller Wealth Management
About Our Guest:
Keren G. Birnbaum, Esq. is a Partner with Schwartz Ettenger, PLLC where she concentrates her practice in the areas of Estate Planning, Trust and Estate Administration and Elder Law. She has over 10 years of experience advising clients on how to protect themselves, their loved ones and their business in the event of death, incapacity or disability.
Ms. Birnbaum earned her law degree at Hofstra University School of Law and her Bachelor’s Degree at Brandeis University. She is admitted to the New York State Bar, is a member of the New York State Bar Association, Queens County Bar Association, Brandeis Association, and is an active member of the Elder Law and Trusts and Estates Sections of the New York State Bar Association. Ms. Birnbaum has also lectured and published articles on various elder law and estate planning issues.
Life insurance should be customized to you and your needs. As such, your planning professional should provide you with multiple options for insurance that will fit your lifestyle and unique circumstances.
In this episode, Larry Heller interviews Neil Himmelstein, the owner of Main Street Planning Group. Neil reveals the value of customized life insurance and shares strategies and tips you can start using right away with your life insurance policy.
Neil discusses:
- The reasons why people need life insurance
- Identifying possible living benefits
- The different types of permanent policies
- Why it is important to review your policies
- And more
Connect With Neil Himmelstein:
- Main Street Planning Group
- LinkedIn: Neil Himmelstein
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Heller Wealth Management
About Our Guest:
Neil Himmelstein, is an independent wholesaler of insurance products, life disability, fixed annuities and long-term care and strategic partner to advisors across the country. Neil has a graduate degree in economics from the university of Maryland and has done postgraduate studies. He is a proud recipient of the Rudy Stegman award for outstanding achievement in leadership in the industry by long island. Neil has been involved in case design and agency management for over 20 years, specializing in high net worth programs, such as premium finance and restricted property trust and finding solutions for clients with health impairment needs.
It’s not what you make but what you keep. Do you know that the taxes you pay on your investments can vary?
Well then, this episode is for you!
In this information-packed episode, Larry Heller discusses diversification, taxes, and different strategies you can use to maximize your return by minimizing your taxes.
Larry discusses:
- What cost basis is and how to lower your capital gains tax
- How to select the proper method for reducing taxes on your mutual funds
- Why it’s helpful to know what tax bracket you're in to save you money
- Why not knowing about mutual fund distributions and turnover can lead to surprise taxes
Resources:
- Retire Right Podcast: 93. The Boring Investor: Why Boring Can Be Better for Investors
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Heller Wealth Management
These days, climate change is a big topic everyone is talking about. But do you know what is and isn’t covered under your home insurance policy?
In this episode, Larry Heller talks with Paul Wickel, a insurance producer at Remco Agency, about the different homeowner policies available and what you might be missing in your coverage to protect yourself from expensive claims.
Paul discusses:
- Who needs flood insurance––and what it does and does not cover
- How to know if you have the insurance coverage for your climate
- Ways insurance companies are helping homeowners
- The common drawbacks for homeowners purchasing insurance
- And more
Connect With Paul Wickel:
- Remco Agency
- (516) 214-8684
- paul@remcoagency.com
- LinkedIn: Paul Wickel
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Heller Wealth Management
About Our Guest:
Paul Wickel is an independent insurance broker with Remco Agency on Long Island. Paul holds a number of industry related achievements and degrees and has over 37 years experience serving individuals and small businesses in the tri-state area. Paul's specialty is working with high net worth individuals.
Why is boring sometimes better when it comes to investing?
Find out in this episode, as Larry Heller explains why boring can be better when it comes to investing. Plus, discover how “boring” compares to the things that people typically want to talk about with investing.
Larry discusses:
- Why boring can be better when creating a investment strategy
- Mutual funds versus individual stocks
- Benefits of being a boring investor
- And more
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Heller Wealth Management
Do you struggle with making sure your household bills are paid correctly and on time? Did you know that there are options designed to help you stay on track securely and without stress?
In this episode, Larry Heller speaks with Marci Lobel-Esrig, founder and chief executive officer of SilverBills, a concierge bill management company designed to help the elderly age with dignity and security. Marci explains the SilverBills program and how the service works to help individuals decrease their financial stress by automating the payment of their household bills.
Marci discusses:
- What SilverBills is and who they serve
- The cost of the service and how it works to assist the elderly with their household bills
- How SilverBills can improve your financial wellbeing
- And more
Connect With Marci Lobel-Esrig:
- 866-653-4427
- SilverBills
- LinkedIn: Marci Lobel-Esrig
Connect With Larry Heller
- Email Larry
- (631) 293-2806
- Heller Wealth Management
About Our Guest:
Marci founded SilverBills after witnessing the challenges faced by her elderly relatives paying bills on time and correctly. As an accomplished attorney adept at solving complex issues, Marci leads the team at SilverBills which successfully developed a technology solution to the problem of paying bills accurately. Marci has been a practicing attorney for more than 20 years. For approximately 8 years until 2015, she was an in-house attorney for a well-known real estate investment company.
Yoga is beneficial to both the mind and the body. Through yoga, you gain mental and physical strength, an elevated spirit, and improved balance, focus, and concentration.
This practice teaches you how to stay grounded and present in the moment, and how to let go of things that no longer serve you.
In this insightful episode, Larry Heller welcomes Sandra K Schoenbart and Joanne de Simone, authors of Inside Out Yoga. Together, they explore the benefits of yoga, the meanings of different poses, and how to execute them for ultimate peace and release of negative energy.
Sandra K Schoenbart and Joanne de Simone discuss:
- Their inspiration for writing Inside Out Yoga
- The purpose of including illustrations of various yoga positions and postures
- Why breath is an important part of the yoga practice
- Their favorite poses and how they correlate to their personality
- Why they choose to incorporate a journal entry and vision board into their book
- And more
Resources:
- Inside Out Yoga on Amazon
- Café with Sandra K - Inside Out Yoga + Joanne De Simone
Connect With Joanne de Simone:
- Email Joanne
Connect With Sandra K Schoenbart:
- Sandra’s Linkedin
- Café with Sandra K
Connect With Larry Heller:
- Email Larry
- (631) 293-2806
- Heller Wealth Management
- Webinars
About Our Guests:
Sandra K Schoenbart: Sandra is a certified hot yoga instructor, actress, and host and producer of the LTV East Hampton Channel 20 talk show Café with Sandra K. She enjoys teaching yoga in private groups at places of worship and on the beach. She also loves spreading the word about the mental and physical advantages of yoga practice with all.
Joanne de Simone: Joanne is a writer, film historian, award-winning playwright, poet and former film columnist for Fire Island News. Her work has been featured in various publications, film journals and been produced in New York city festivals, and many of them may be viewed on Youtube. She currently hosts notes and notations from the writing desk on LTV East Hampton.
Asset allocation is one of the most important concepts for investors to grasp.
That’s why one of the most-asked investment questions is, “How can we achieve optimal asset allocation, particularly during retirement?”
In this episode, Larry Heller addresses some of your questions and fears about asset allocation for retirees. He provides sound advice on your investments and walks you through some of the ways Heller Wealth Management can assist you in creating a portfolio that is tailored to your specific needs.
Larry Heller discusses:
- Why some of the most frequently used asset allocation rules should be avoided when constructing a portfolio
- Three factors to consider when creating an optimal asset allocation portfolio
- What a withdrawal is
- How the Heller Wealth Management Reservoir Strategy works and how it may help you overcome panic selling and market fears
- And more
Resources:
- Webinars
Connect With Larry Heller
- Email Larry
- (631) 293-2806
- Heller Wealth Management
As New York gradually reopens and restrictions begin to lift, many people are wondering how soon they can resume traveling, how safe travel will actually be, and what needs to be considered before booking their next trip.
Today, Larry Heller speaks with Gary Portuesi, a travel consultant and the managing director and owner of Authentic Explorations. They discuss what travel will be like post-pandemic and how Gary’s skills and experience can help you plan your upcoming trips and adventures.
Gary Portuesi discusses:
- COVID-19 procedures, requirements, and conditions in different countries
- The challenges and opportunities when travelling abroad
- Permanent changes to luxury travel
- The benefits of working with travel professionals, consultants, and agents
- How Gary creates the ideal itinerary for his clients
- And more
Connect With Gary Portuesi
- Email Gary
- Phone: (646) 767-0089
- Authentic Explorations
Connect With Larry Heller
- Email Larry
- Phone: (631) 293-2806
- Heller Wealth Management
About Our Guest:
Gary Portuesi, managing director and owner of Authentic Explorations, fell in love with travel at an early age when he and his family made yearly trips to Italy. Spending summers in Sicily and exploring the northern, central and southern regions through the years, Gary realized that the American idea of Italy fell decidedly short of the real deal. And as he explored other countries, he found the same was true. That’s when he was struck by an idea: why not allow people to explore the authentic sides of the world?
As you age, many things will change, including your health. How can you stay healthy and active so you can enjoy the retirement you’ve worked so hard to achieve?
Find out in this episode, as Larry Heller speaks with Christine Rosenbloom, President of Chris Rosenbloom Food & Wellness Services, LLC. Christine discusses the benefits of maintaining a healthy lifestyle as you age and shares her top nutrition tips and expert guidance for meeting your fitness goals.
Dr. Christine Rosenbloom discusses:
- The best diets for those over 50
- How our nutritional needs change as we get older
- Types of exercises we should be doing as we age
- Whether dietary supplements are a good idea
- The importance of protein
Resources:
- Larry Heller’s Webinars
- Food and Fitness After 50: Eat Well, Move Well, Be Well
Connect With Christine RosenBloom
- Chris Rosenbloom Food & Nutrition Services, LLC.
Connect With Larry Heller
- Email Larry
- (631) 293-2806
- Heller Wealth Management
About Our Guest:
Christine Rosenbloom: Dr. Rosenbloom is a nutrition consultant to the food and nutrition industries and started her consulting business after a 30-year career in academia. Her journey has led her to combine her interest in sports nutrition with academic training in gerontology to produce an award winning consumer book, Food & Fitness After 50, co-authored with exercise expert, Dr. Bob Murray. She is an active member of the Academy of Nutrition and Dietetics, at local, state and national level, where she was awarded a lifetime achievement award in 2019 for her service.
According to a 2019 study by GOBankingRates, 73% of Americans have not had a conversation about finances with their aging parents. Meanwhile, 23% have tried to approach the subject, but their parents refused to engage in the conversation. Furthermore, 19% are afraid to bring up the subject at all, and 17% believe talking about money is a taboo in their family.
However, this talk is not something you should shy away from.
In this episode, Larry Heller highlights the importance of having financial conversations with your aging parents. He shares stories of cases he’s seen over the years, illustrating the benefits that can come with having these conversations — and what can happen to those who don’t have the money talk.
Larry Heller discusses:
- The benefits of having financial conversations
- Planning documents and why they are important
- Different approaches for initiating money conversations with your parents
- How Heller Wealth Management assists clients with these conversations
- And more!
Resources:
- Webinars
Connect With Larry Heller
- Email Larry
- (631) 293-2806
- Heller Wealth Management
Are you a baseball fan?
If yes, then this is an episode you won’t want to miss!
Join Larry Heller as he sits down with longtime client and baseball historian, Ira Dornstein. Ira Dornstein takes you on a journey through baseball’s history, including unforgettable moments and insider information you may not find anywhere else!
You will learn:
- The origin of baseball
- Did Abner Doubleday really invent baseball?
- Ira’s favorite baseball parks and what makes them unique
- Exclusive baseball tales and experiences
- Ira Dornstein’s baseball history classes
- And more!
Tune in to learn about the history of baseball with guest IRA Dornstein!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry | Webinars | Baseball History Classes
Many retirees underestimate the risks associated with their investments and financial plans, which can result in costly mistakes that could have easily been avoided if they had adequately planned for retirement.
To help you avoid making common retirement planning mistakes, in this episode, Larry Heller, CFP® reveals five key planning mistakes and shares tips for avoiding them so that you can Retire Right!
You will learn:
- How effective planning prepares you for retirement success
- Why you shouldn't underestimate your investing risks
- The importance of updating your documents and plans
- And more!
Listen in to discover the five retirement mistakes you should avoid while preparing for retirement!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry | Webinars
Approximately 15% of people behind the wheel don’t have any automobile insurance coverage.
What happens if you’re injured by one of those people?
Find out in this episode, as Larry Heller speaks with Brian Murphy of Rappaport, Glass, Levine & Zullo LLP. As a personal injury trial attorney, Brian represents individuals all over the New York Metropolitan area who have been catastrophically injured due to the negligence of others. Brian shares real-life accidents and educates you on the value of supplementary uninsured motorist (SUM) coverage.
You will learn:
- The most important aspects of auto insurance policies
- Real-life situations where SUM coverage can be used
- How to find out what your SUM coverage is and how much it costs
- Whether SUM coverage is covered under your umbrella policy
- About no-fault auto coverage
- And more!
Listen now to learn about supplement uninsured motorist coverage and how it can protect you!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry | RGLZ Personal Injury Law: (631) 293-2300 | Email Brian Murphy
When it comes to investing, you don’t need to time the stock market to be successful.
In this episode, Larry Heller, CFP® shares his insight and expertise about investing in the stock market. He explains why you should avoid worrying about short-term market fluctuations which you cannot control. Instead, you should focus on areas that are within your control for the best results.
You will learn:
- Why you shouldn’t try to time the market
-
8 areas you can control when it comes to investing such as:
-
Asset Allocation
- The importance of a diversified portfolio
- Why it’s essential to have a strategy
- Rebalancing
- And more!
Tune in today to gain valuable insight on how you can make better decisions when investing in the stock market!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry
“You’ve dreamed of retirement for decades, and have even worked hard to save for it. But what will your life look like when you stop working?”
In this episode, join Larry Heller as he speaks with the authors of Retirement Heaven or Hell, Mike Drak and Susan Williams.
Together, Mike and Susan reveal why they’re on a mission to help people understand the opportunities retirement can offer them and how they can create a retirement that works for them. To help you get started, they share ways you can overcome the challenges of retirement to live with more purpose and balance than ever before!
In this episode, you will learn:
- Key principles for a happy, secure, and fulfilling retirement
- How to transition into retirement successfully and overcome the shock of a sudden, full-stop retirement
- How to find value and purpose after retirement
- About “retirement rebels”
- And more!
Tune in now to learn how you can make your retirement your own personal heaven with Mike Drak and Susan Willams!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry | Retirement Heaven or Hell | Mike Drak | Susan Willams
What can you expect when working with us?
Find out in this episode, as Larry Heller guides you through the process he and his team use at Heller Wealth Management!
To help you get an idea of what working with his team will look like, Larry shares detailed insight on how they transform your vision into a financial plan and investment strategy that will help you achieve your financial aspirations and goals.
In this episode, you will learn:
- What our goal is when working with clients
- Our step-by-step onboarding process
- The importance of tax planning
- Why you need accurate documentation
- And more!
Tune in now to find out what you can expect when working with us at Heller Wealth Management!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry
Are you thinking of settling your divorce out of court? Here's what you need to know!
In this episode, Larry Heller welcomes Michael Fried, partner at Berkman Bottger Newman & Schein LLP. As an experienced litigator and trial attorney in the field of matrimonial and family law, Michael breaks down three types of dispute resolution services he provides at his matrimonial firm in New York. Plus, he shares his insight on COVID-19’s impact on divorce rates.
In this episode, you will learn:
- How the pandemic has impacted divorces
- Methods for resolving divorce disputes — and the pros and cons of each
- How to select the best process for both parties
- How Micheal acts as a “consulting attorney” during the mediation aspect of his practice
- And more!
Tune in now to discover Michael’s three methods for resolving divorce disputes!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry | Berkman Bottger Newman & Schein LLP: (212) 867-9123
The SECURE Act has changed the way beneficiaries inherit money from IRAs. If you’re a beneficiary, or are trying to set up your beneficiary for success, what does this change mean for you?
Find out in this episode as Larry Heller discusses the new changes to inherited IRAs. He highlights what will happen if you fail to plan around the new IRA rules and reveals what you can do to start planning around these changes today!
In this episode, you will learn:
- How the SECURE Act has changed inherited IRAs
- 3 exceptions to the changes in the SECURE Act
- Alternative planning strategies
- And more!
Listen in to learn how these new restrictions could affect you and your inherited IRA!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry
The start of a new year provides the opportunity to sit down and reflect on the lessons we’ve learned over the past 12 months.
Join Larry Heller as he reflects on 2020 and shares the top four lessons he’s learned along the way. Larry also reveals how you can apply these takeaways to the challenges you may face in 2021.
In this episode, you will learn:
- How to plan for the unexpected
- Why you should be grateful for what you have
- The significance of asking for and offering help
- And more!
Tune in now to discover the lessons 2020 taught us that can guide you through this year!
Resources: Heller Wealth Management: (631) 293-2806 | Email Larry
Insurance is an ever-changing industry. As a business owner, is it possible that you’re compromising coverage in order to pay the lowest price? Or, perhaps you’re lacking proper coverage without even realizing it.
Today, Ron Rugolo, vice president of Bradley & Parker, joins Larry Heller to discuss the top oversights that business owners tend to make when choosing a commercial insurance provider. Get ready for an information-packed episode that will help you make the best decision possible for your business.
You will learn:
- Three important coverages that business owners are not required by law or contract to have
- How to deal with cyber security attacks and ransoms
- Why price isn’t the main factor to consider when shopping for commercial insurance
- What type of industries are best candidates when it comes to the view of their insurance policy
- And more!
Listen now to learn more about commercial insurance for business owners!
Resources: Heller Wealth Management: (631) 293-2806 | Bradley & Parker : (631) 650-4014
Today, Larry Heller is celebrating a milestone — one that has taken us all on a journey towards a more prosperous financial future and second act of life!
In this episode, join Larry as he celebrates the release of his 75th episode of Retire Right. In honor of this milestone, Larry highlights some of the best episodes and the amazing guests he’s had thus far and gives us a glimpse at what we can expect from upcoming episodes!
In this episode, you will learn:
- How Larry finds his passion for educating listeners
- An overview of successful guests and topics that have been on this podcast
- Sneak peeks of future episodes and guests coming up in 2021
- About Larry’s new podcast format and webinars
- And more!
Join Larry today for a walk down memory lane as we celebrate the 75th episode of Retire Right!
Resources: Heller Wealth Management: (631) 293-2806
Thinking of selling your home during a divorce?
We recognize that it’s not an easy process, but we are here to help!
In this episode, Larry Heller is joined by David Perry, a licensed real estate broker and Certified Real Estate Divorce Specialist at Brown Harris Stevens. Together, Larry and David address the repercussions and new opportunities for couples who are currently going through a divorce and looking to sell their home.
In this episode, you will learn:
- How David started working with divorcing couples
- How David navigates any disagreements between spouses that come up during the selling process
- Ways that divorcing couples can be better prepared to sell their home
- How COVID-19 is impacting New York’s real estate market, and how that will affect residents who are going through a divorce
- An example of why it’s critical to work with a professional who specializes in divorce when selling your home
- And more!
Tune in now to learn how to sell your home successfully during the divorce process.
Resources: Heller Wealth Management: (631) 293-2806 | Brown Harris Stevens | Email David Perry: (212) 588-5697
Do you have enough money to retire?
It’s amazing how many people actually have enough money to retire, but don’t realize it.
Today, Larry Heller gives you complete advice on how to answer this question for yourself. He uncovers overlooked expenses that pre-retirees must factor in and teaches you how to recreate your paycheck so you can retire right.
You will learn:
- Which expenses many retirees don’t plan for –– but should
- Which withdrawal rate tends to give people enough money for the rest of their lives
- Why people’s spending in retirement is U shaped
- How to figure out how much money you’ll need even when the market is high & interest rates are low
- And more!
Tune in now to figure out if you have enough money to retire!
Resources: Heller Wealth Management: (631) 293-2806 | Retire Right Book | Free Retirement Checklist | Episode 35: Your Retirement Paycheck
When planning for a divorce, you’re planning for the rest of your life. Do you know how to make the best financial choices for your future?
Today, Larry Heller is joined by Rosalia Labate, a forensic financial analyst who guides people through the financial aspects of a divorce, about how to avoid common mistakes that end up costing people more money in the end and leaving them with financial regrets after their divorce.
Rosalia teaches you how to prepare for a divorce if you haven’t been involved in the finances during your marriage, the advantages of working with a forensic financial analyst before meeting with your attorney, and more in this information-packed episode.
In this episode, you will learn:
- What mistake causes people to waste a lot of money early in the divorce process
- Why working with a forensic financial analyst –– not just an attorney –– can save you money during a divorce
- How a business is valuated during a divorce, according to New York State law (and why the pre-marriage value of a business isn’t included)
- How to avoid the top financial mistakes that people make during a divorce
- Must-haves when hiring a forensic financial analyst
- And more!
Tune in for proven advice on how to make the best financial choices for your future.
Resources: Heller Wealth Management: (631) 293-2806 | Rosalia M. Labate CPA, P.C.: (516) 996-7788
Many people are being offered early retirement due to the global pandemic. But should you accept this offer?
In today’s episode, Larry Heller dives straight into the discussion about early retirement and factors to consider before you accept this, perhaps tempting, offer. He provides insightful and valuable information that will help you make a meaningful retirement decision.
In this episode, you will learn:
- What to consider when you are offered early retirement
- About early retirement specifics and severance packages
- The benefits of early retirement
- What will happen to your 401(k) plan if you retire early
- What to know about social security and tax planning during early retirement
- And more!
Tune in now for complete advice on what to consider before retiring early!
Resources: Heller Wealth Management: (631) 293-2806
If you’ve laid off an employee that you weren’t entirely satisfied with, are you legally obligated to bring them back to work?
Today, Larry Heller is joined by Glenn J. Franklin, managing partner of Franklin, Gringer & Cohen, P.C., to answer employment-law questions, like the one above, which are particularly relevant during COVID-19.
Glenn gives expert advice on how employers can protect themselves against litigation. He also shares what employers need to know about the new New York State Sick Leave (NYSSL) law.
In this episode, you will learn:
- The difference between a layoff, a furlough, and termination
- Whether employees are entitled to unemployment insurance when laid off or terminated
- Whether employers are legally obligated to bring laid off employees back to work
- Why employers would spare themselves a lot of grief by following the golden rule
- The new details on NYSSL
- And more!
Tune in to learn what goes into a solid strategy that will help protect you from litigation.
Resources: Heller Wealth Management: (631) 293-2806 | Franklin, Gringer & Cohen, P.C.: (516) 228-3131
Has your employer stopped matching 401(k) contributions during COVID-19? Do you wish you had more money for daily expenses?
If so, you might be wondering if you should stop contributing to your 401(k).
Today, Larry Heller explains why increasing your savings rate is one of the best ways to take back control during unsettling times.
This episode is filled with advice to help you increase your contributions, focus on the long-term outcomes of contributing to your 401(k), and know whether it’s wise to withdraw early from your plan, even if the U.S. government is making it easy to do that during COVID-19.
In this episode, you will learn:
- Why you shouldn't stop contributing to your 401(k)
- Three ways to increase your contributions
- How to know if you’re saving enough money in your 401(k) for retirement
- What to look for when doing a portfolio check
- What to do with your 401(k) if you lose your job
- What the downsides are of taking a hardship withdrawal
- And more!
Tune in for complete advice on what to do with your 401(k)!
Resources:
Heller Wealth Management: (631) 293-2806 | Episode 35: Your Retirement Paycheck | Video: How To Decide If a Roth Conversion Is Right for This Year
Are you over 50 and thinking about getting into golf? Or maybe you’re a seasoned golfer who is looking for tips to help you avoid injuries as you get older.
This is the episode for you!
Today Larry Heller talks to Bill Bresnan, a PGA golf professional who has been giving lessons on Long Island for over 25 years. (In fact, Bill is Larry’s golf instructor!) Bill shares advice to help new golfers over 50 play safely and avoid the frustrations that come with just starting out. He also shares how experienced golfers can improve their game and make adjustments for safety as they age.
In this episode, you will learn:
- About Bill’s favorite memory from competing in the PGA
- The first step for older adults who are interested in taking up golf
- Two recommendation to help golfers age 50+ avoid injuries and keep enjoying the game
- Advice to help new golfers enjoy the game without getting frustrated
- Why older adults benefit socially from playing golf at a club
- Two key traits to look for in a golf coach
- And more!
Tune in now to get tips for mastering and enjoying golf as you get older.
Resources: Heller Wealth Management: (631) 293-2806 | Colonial Springs Golf Club: Call Bill Bresnan at (631) 643-1050 ext. 23
By creating a culture of accountability in your company, you can give your employees clearer expectations and a better sense of purpose. This shift is particularly helpful as employees are feeling more stressed and anxious during the pandemic.
In this episode, Larry Heller talks to Christine Ippolito, the founder and president of Compass Workforce Solutions. Christine helps small businesses succeed in a challenging regulatory environment and has built a strong reputation as an expert and leading voice in the area of human resources. Christine explains how to establish a culture of accountability in your workplace and why this culture empowers every person in your organization to own their tasks and ask questions.
In this episode, you will learn:
- Why having a culture of accountability saves time, energy, and effort at work
- How to get buy-in from new employees without micro-managing them
- Examples of how to set clear expectations for your team
- Questions to ask yourself before you delegate a task to an employee
- How to give your team permission to hold you accountable as a leader
- Four tools that you can give employees to help them achieve accountability
- How to tell if your company has achieved a culture of accountability
- And more!
Tune in now to learn what changes you can make right away to shift to a culture of accountability.
Resources: Heller Wealth Management: (631) 293-2806 | Compass Workforce Solutions: (631) 794-7400 | Measure What Matters by John Doerr
If you're approaching retirement or already retired, what can you do about low yields?
After all, in today’s remarkably low-yield environment, you can't earn enough on yields to even stay ahead of inflation.
Current interest rates for a 10-year treasury are less than 1%. And cash in the bank is getting just about 0%.
In this episode, Larry Heller proves that there are several smart moves you can make to lower your expenses and increase your net cash flow and net returns –– even during a low-yield environment.
In this episode, you will learn:
- How to increase your social security benefit by 8% a year
- What financial move will give you a guaranteed rate of return
- How to weigh the possible risks and rewards when considering higher-yield investments
- Why you may want to look into bond laddering
- How to look beyond your income strategy to increase your returns in a low-interest rate, low-yield index
- And more!
Tune in now to learn 6 ways to help increase your net cash flow and net returns in our current low-yield environment.
Resources: Heller Wealth Management: (631) 293-2806 | Episode 9 – The Social Security Conundrum: Part 1 | Episode 32 – Bonds: The Underrated Investment Vehicle
Did you know that there are steps you can take right now to prepare your company for a smooth 401(k) audit?
In this episode, Larry Heller is joined by Robert Puerto, a CPA and partner at Boris Benic and Associates LLP. With over 20 years of experience in managing multiple audits and review engagements in various industries, Robert shares his experience to help you prepare for a smooth audit as an employer.
In this episode, you will learn:
- Two exceptions to the audit rule
- Which plans are and aren’t covered by ERISA
- How the ERISA audit intersects with annual filing requirements
- How third party administrators (TPAs) assist with audits
- What information auditors need from employers (that they can’t get from service providers)
- Recommendations to help you have a smooth audit
- And more!
Tune in now to start your preparations for a pain-free audit!
Resources: Heller Wealth Management: (631) 293-2806 | Robert Puerto's Email: (516) 248-7361
People’s expenses are being upended as adult kids return home and family members lose income. Banks aren’t paying much for cash. Is it still possible to retire right?
In this episode, Larry Heller brings you seven financial steps to take during COVID-19. These steps are especially important if you’re retired or nearing retirement. Get ready to take notes, take action, and stay on your path to retiring right.
You will learn:
- Seven financial steps to take right now
- A possible solution for earning higher interest on cash
- Why you must know your withdrawal rate to retire right
- Which life factors play a role in determining your withdrawal rate
- Three ways to determine the correct amount to have in cash, bonds, and equities
- And more!
Tune in to learn seven financial steps to take right now!
Resources:
Heller Wealth Management: (631) 293-2806
If you own a business in New York State, there are five common legal issues you could easily run into if you’re unaware of certain state and federal laws.
Today, Larry Heller speaks with Lee Schwartz, the managing and founding partner of Schwartz Ettenger, PLLC, a business law firm located in Melville, New York. Together, they unpack the five most common legal issues that New York State business owners face: employee-related issues, owner-to-owner issues, real-estate issues, not having proper agreements in place, and the protection of intellectual property.
In this episode, you’ll learn:
- The disadvantages of having independent contractors instead of employees
- Whether business owners are legally required to pay interns
- What responsibilities are set out in shareholder agreements and operating agreements
- A cautionary tale about what can go wrong if you don’t have a buy-sell agreement
- The number one question that most business owners can’t answer about their lease
- And more!
Tune in now to learn the five common legal issues business owners face so that you can avoid them!
Resources: Heller Wealth Management | Schwartz Ettenger PLLC
In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we’re advising investors to take during this time of uncertainty.
Tune in now to learn how the markets are being affected and what we’re doing to help clients during this tumultuous time.
Resources: Heller Wealth Management | (631) 293-2806
Baby boomers are the last generation of caregivers as we know it. Today’s children are raised to go out and pursue their interests, even if that means living far from home. If having kids doesn’t guarantee you a future caregiver, this begs the question: Who will take care of you when you’re old?
In this episode, Larry Heller is excited to be joined by Joy Loverde, a leading consultant in the mature-market industry and a trusted advisor in aging, caregiving, and elder care-related issues. Joy is also the author of the aptly titled book, “Who Will Take Care of Me When I’m Old?” Join Larry and Joy as they discuss five categories of her book that equip you to plan for a high quality of life later on, regardless of whether you’re aging with a close-by support system or on your own.
In this episode, you’ll learn:
- Reasons why today’s children might not be available to act as caregivers
- The difference between small thinking versus strategic thinking
- Who Joy interviewed as she wrote her book
- What to consider before you commit to aging in place
- About alternatives to living in a facility or completely alone
- And more!
Tune in now to discover what goes into planning for a financially secure and happy old age.
Resources:
Heller Wealth Management | Joy Loverde | Who Will Take Care of Me When I'm Old? by Joy Loverde
Would you know how to tell if your aging loved one is being financially abused? The signs aren’t always apparent — and neither are the abusers.
In this episode, Larry Heller explores this necessary topic with Jeffrey Haber, the co-founding partner of Freiberger Haber LLP. They talk about the subtle, and not so subtle, signs of financial abuse and what kinds of individuals are notorious for exploiting seniors. You will also discover what laws are in place to protect your loved ones and what actions you can take.
In this episode, you’ll learn:
- The signs of senior financial exploitation
- Which state and federal laws are designed to protect seniors from being financially exploited
- What securities and banking regulators are doing to detect and prevent the financial exploitation of seniors
- What friends and family can do to protect their loved ones
- And more!
Join this conversation now to learn about the signs of financial abuse and what steps to take in order to protect your loved ones.
Resources: Heller Wealth Management | Freiberger Haber LLP: (631) 282-8985 | jhaber@fhnylaw.com
The newly passed SECURE Act introduces a host of changes that will impact the majority of pre-retirees. Do you know what this new bill means for your retirement plan?
In this episode, Larry Heller unpacks the SECURE Act with Sal Albanese, the founder of a full-service CPA firm called Salvatore Albanese & Company LLC. Together, they walk you through what options the act has given and taken away from employers and employees.
In this episode, you’ll learn:
- What changes have been made to safe harbor 401(k) plans
- How the SECURE Act incentivizes employers to set up new pension plans for employees
- Why the increased required minimum distribution (RMD) age presents more planning opportunities
- What changes apply to heirs of IRAs — and what the exceptions are
- Planning strategies to consider in response to the act’s most significant changes
- And more!
Tune in now to learn about the SECURE Act’s biggest changes for pre-retirees and how they might affect you!
Resources: Heller Wealth Management | Salvatore Albanese and Company LLC
Larry Heller is very proud of the team he’s built at Heller Wealth Management. Have you had a chance to meet the talented professionals who will help you retire right?
In this special episode, Larry Heller turns the mic over to his team. Meet wealth managers Greg Moss and Belinda Tsui, Joanna Grace in client services, and Megan Harding, administrative coordinator. They share what they do for clients, how their roles have evolved, their best piece of financial advice, and more!
In this episode, you’ll learn:
- How Greg’s preoccupation with money as a kid launched him on the path to his career
- Why Belinda believes that financial planning is important
- About the invaluable skills that Joanna brings to the team
- What piece of financial advice has become even more meaningful to Megan during her time at Heller Wealth Management
- And more!
Tune in now to meet the talented team that can put you on the path to retiring right!
Resources:
Heller Wealth Management
There’s no better time than the start of a new year to learn top financial tips. This is the time when many are not only setting goals for the year, but you also have the entire year to implement them!
In this episode, Larry Heller walks you through his top 10 financial planning tips for 2020. This is a highly practical and tip-filled episode that will have you taking notes and feeling prepared to boost your planning strategies and savings this year.
In this episode, you’ll learn:
- Recommendations for apps and software that can help you to budget and save
- Ideas for making automatic contributions to your savings account
- Why Larry believes that contributing to 401(k)s, profit-sharing plans, and IRAs are the best ways of saving for retirement
- How much you can now contribute to a 401(k) if you’re over 50
- And more!
Tune in now to learn Larry’s top 10 financial planning tips for 2020!
Resources: Heller Wealth Management | Episode 51: Here’s What You Need to Know About Your Credit in Retirement — With Guest, Leslie H. Tayne
December may be coming to a close, but it’s not too late to implement some year-end tax planning strategies.
In this episode, Larry Heller speaks with Scott Cheslowitz, a CPA and partner of Rothenberg & Peters, PLLC, who works with closely held entities, estates, and high-net-worth individuals. In this timely conversation, Scott shares year-end tax planning tips that everyone should be aware of as we enter 2020.
In this episode, you’ll learn:
- A strategy for using charitable contributions to lower your income taxes
- How to do a tax projection and why Scott recommends it
- At what age to start taking your Required Minimum Distributions and whether there are any exceptions
- Tax advantages to investing in Qualified Opportunity Zone Funds
- And more!
Tune in now to learn some year-end tax planning strategies that you can use right away!
Resources: Heller Wealth Management | Scott Cheslowitz’s Email: (516) 773-3200
Do you have a plan in place to care for your loved ones as they age?
In this episode, Larry Heller is joined by Brian Tully, founder of Tully Law, P.C. and certified elder law attorney, to explain why elder law is really elder care. This discussion covers the extensive service that Brian Tully and his team offer our aging population, which goes beyond traditional estate planning by supporting clients and caregivers as needs shift with age.
In this episode, you’ll learn:
- An explanation of the “elder care continuum”
- What Tully Law, P.C. does to help people plan for care
- The difference in health issues that are covered by Medicare versus long-term care
- The number one tool for sheltering assets to become eligible for Medicaid
- Whether there’s a difference in the quality of care for Medicaid recipients compared to private-pay recipients
- And more!
Tune in now to learn about the level of protection and care Tully Law P.C. can offer your aging loved ones!
Resources: Heller Wealth Management | Tully Law, P.C.
Did you know that humans are almost exclusively made up of water molecules? Considering that we exchange energy on a molecular level with people all the time, how can we stay centered, create our best energy, and use it to effect positive change?
In this episode, Larry Heller gets to the core of these questions with guest Donna Martini, a wellness activist, writer, coach, speaker, and cartoonist who educates the public about love, forgiveness, and everything wellness. This conversation is a must-listen for anyone who wants to use their energy to effect positive change in their interactions while harnessing their best mindset and emotional state.
In this episode, you’ll learn:
- The definition of “positive manipulation” and how it works
- How to take ownership of your energy when you’re around people who are in a negative mood
- About Donna’s new book, “Mighty Mantras,” and its unexpected mascot
- An example of a mantra that you can use when feeling anxious
- How workplace environments shift once people understand their potential to create change
- And more!
Tune in now to learn how you can use your energy to create positive changes within yourself and others!
Resources: Heller Wealth Management | MantraMouse | Contact Donna
Have you ever dreamed of taking an early retirement to follow one of your passions?
In this episode, Larry Heller is joined by Marc Alter, a client who is officially retired and now spends his days pursuing his passion for photography. This is a fun conversation in which Marc explains how he made the decision to stop working full-time and what advice he has for anyone who’s considering retiring to devote more time to their interests.
In this episode, you’ll learn:
- Which type of photography Marc does
- What percentage of his time is spent shooting versus editing
- How Marc decided to stop working full-time
- Which photographers he admires
- And more!
Tune in now and get inspired to devote more time to your passion!
Resources: Heller Wealth Management | MFA Images
We're hitting all-time highs in all of the indexes, which means the market’s valuations are high. As an investor, you might be asking yourself, “Where do I go from here?”
In this episode, Larry Heller talks about the urge many investors are having to get out of the market and “go back in after a correction”— a plan that has all the hallmarks of
trying to time the market. Listen to this timely conversation as Larry uncovers what you should know about the current state of the market and what to do when it eventually drops.
In this episode, you’ll learn:
- Why investors think they should try timing the market
- Whether investment advisors can truly predict the market
- Ways investors are impacted emotionally by the market’s ups and downs
- Eight actions to take during this current market valuation
- Four things to do when the market eventually drops
- And more!
Tune in now to discover what to do (and not do) during this current stock market valuation!
Resources: Heller Wealth Management
The Fed Reserve recently lowered interest rates, making now a good time to gain a better understanding of municipal bonds and how interest rates affect these types of investments.
Today, Jason Stuck is here to expound on this often-misunderstood type of bond. As the managing director and head of portfolio management at Northern Capital, Jason brings a high level of expertise to this episode as he and Larry answer the top questions about municipal bonds and explain what the yield curve means for investors.
In this episode, you’ll learn:
- Bond basics, like the difference between the coupon rate and the yield to maturity
- What a call feature is and why it’s important to know if your bond has one
- What premium bonds are
- What the yield curve inversion is and why it matters to investors
- How a bond ladder compares to other strategies in portfolio construction
- And more!
Tune in now to get an education on municipal bonds in under 30 minutes!
Resources: Heller Wealth Management
During your retirement, you might want to obtain different types of financial products that require credit. Because of this, it's important to maintain and manage your credit throughout your retirement.
Here to walk you through the importance of credit during retirement is Leslie H. Tayne, an award-winning financial attorney with over 20 years of experience in consumer and business financial debt solutions. Leslie is also the founder and managing director of Tayne Law Group, P.C., a law firm headquartered in New York. In this episode, Larry and Leslie discuss everything from maintaining good credit during retirement, to how often retirees should check their credit score.
In this episode, you’ll learn:
- Why credit is important in retirement
- Whether being retired damages your credit score
- Which money moves can affect your credit rating in retirement
- Ways to keep your credit in shape once you retire
- Top tips on how to best use credit cards in retirement
- And more!
Tune in now to learn everything you need to know about your credit during retirement!
Resources: Heller Wealth Management | Tayne Law Group, P.C.: 631-470-8204 | info@taynelaw.com
Fifty of anything is an amazing milestone to reach, isn’t it? We believe that hitting episode 50 of our Retire Right Podcast calls for a celebration!
In this episode, Larry Heller reminisces as he shares his most memorable moments over the past 2+ years of hosting the Retire Right Podcast. We guarantee that this feel-good conversation will have you checking out and revisiting previous episodes!
In this episode, you’ll learn:
- About the personal journey that Larry has taken to reach this point in his career
- Which episodes are Larry’s favorites (you might be surprised!)
- What he enjoys most about growing Heller Wealth Management
- And so much more!
Tune in to celebrate the 50th-episode milestone with Larry Heller, CFP(r) and the Heller Wealth Management team!
Resources: Heller Wealth Management | Retire Right Book
As a business owner, do you understand the core elements of your company’s retirement plan and what a third-party administrator (TPA) can bring to the table?
Today’s guest, Doug Hoefer, is here to answer your questions. Doug has over 20 years of experience in the retirement planning industry and has worked with Larry on several 401(k)s. In this episode, Doug makes sense of TPAs, including what they do and how they bring value to the retirement planning process.
In this episode, you’ll learn:
- What the function of a TPA is
- The certification a TPA can obtain
- The differences between bundled service providers and unbundled service providers
- How TPAs provide value when designing plans
- The responsibilities of plan sponsors
- And more!
Tune in now to learn all about TPAs and how they can enhance your company’s retirement planning!
Resources: Heller Wealth Management | DWC The 401k Experts: (651) 204-2600
In today’s episode, Larry Heller speaks with Philipp Meyer-Brauns of Dimensional Funds Advisors. As a senior researcher, Philipp conducts empirical asset pricing research, and today, he’s joining Larry to unpack what exactly Dimensional Fund Advisors is all about and why their trading style is so unique.
In this episode, you’ll learn:
- The origin of Dimensional Fund Advisors
- What differentiates Dimensional Fund Advisors and how they manage funds
- The three-factor model and how it works
- How their investment philosophy differs from active and passive managers
- The other types of trading strategies Dimensional Fund Advisors uses
- And more!
Tune in now to learn all about Dimensional Fund Advisors and their unique trading style!
Resources: Heller Wealth Management | Dimensional Fund Advisors
Will your retirement be the ride of your life? Or will you simply chug along, going through the motions?
Larry Heller hopes you will love retired life. In this special episode, Larry is joined by one of his clients: a retiree named Mike Kmeth, a shining example of someone who is having a happy retirement. Long an enthusiast of model trains, Mike is enjoying his role as president of the Long Island Garden Railroads Railways Society. Today, he’s sharing his deep knowledge of model trains and why he is so passionate about the club.
In this episode, you’ll learn:
- How Mike’s interest in trains began
- The history of model trains’ four power sources
- Why Mike and his wife decided to join the Long Island Garden Railroads Railways Society
- How often the club meets, what events they hold, and what Mike’s responsibilities are as president
- And more!
Tune in now to hear a fun example of a happy retirement and, of course, to learn more about model trains!
Resources: Heller Wealth Management | Long Island Garden Railroads Railways Society
What will keep you feeling zestful, connected, and fulfilled during retirement?
Today, Larry Heller, CFP®, CPA, is joined by guest Susan Williams to discuss the non-financial aspects of retirement. Susan is the founder of Booming Encore, a digital-media hub dedicated to providing information and inspiration to help baby boomers live their very best encore. As an enthusiast for bringing the latest resources to baby boomers, Susan discusses the latest trends in the lifestyles of our aging population and why living purposefully is imperative to our health.
In this episode, you’ll learn:
- Which baby-boomer topics are trending on Booming Encore
- What research is revealing about the health outcomes of retirees who lack purpose
- Inspirational stories of baby boomers who are turning society’s perception of aging upside down
- About the growing popularity of generational travel
- Susan’s key advice for future retirees
- And more!
Tune in now to learn about this robust resource for baby boomers and get inspired to plan for the non-financial aspects of retirement!
Resources: Heller Wealth Management | Booming Encore
Would you ever make a big move to a tax-free state like Florida?
Now more than ever, people are leaving New York State for tax-free states only to discover that their residency, for tax purposes, hasn’t changed.
Tax rules around residency can be complex and ambiguous, but today’s guest brings clarity to the subject. CPA and tax attorney Karen J. Tenenbaum is the founder and managing partner of Tenenbaum Law, P.C., which focuses its practice on the resolution of IRS and New York State tax controversies. In this episode, Karen fills Larry Heller in on how the residency rules work in New York State, what to expect if you get audited, and options for resolving a tax matter.
In this episode, you’ll learn:
- Which lifestyle factors will increase your likelihood of being audited
- How your residency is determined
- Why New York’s tax rules affect high-net-worth individuals the most
- How New York State calculates the days for the 183-day requirement
- How to protect and defend yourself at an audit
- And more!
Tune in now to learn how your residency is determined and actions to take if you get audited.
Resources: Heller Wealth Management | Tenenbaum law, P.C.: (631) 465- 5000 | e-book: Surviving a New York State Residency Audit| ktenenbaum@LItaxattorney
It’s time to find out how you can make more money in your 401(k) plan!
In today’s episode, Larry Heller is joined by Paul Merriman, the founder of Merriman Wealth Management. Paul is a nationally recognized expert on mutual funds, indexed investing, buy and hold investment strategies, and asset allocation. Given Paul’s expertise and dedication to educating investors, Larry is excited to have Paul here to share 15 ways to make more money in your 401(k) plan.
In this episode, you’ll learn:
- Why Paul suggests putting money into your 401(k) as early as possible, even if it means asking your parents for a loan
- The case for using a Roth, regardless of your current tax rate
- Why Paul recommends that every young person should have asset classes in their portfolio
- Why equities, not fixed income, are the great defender against inflation
- The power of the target date fund
- And more!
Tune in now to learn 15 ways you could start making more money in your 401(k) plan today!
Resources: Heller Wealth Management | Paul Merriman
Your business is likely the largest illiquid asset you own. Have you considered how you will turn it into a liquid asset so you can use it for retirement planning?
Here to shed light on selling your business is Albert Hakim, a Certified Merger and Acquisitions Advisor with Kensington Company. Today, Albert speaks with host Larry Heller about what business owners can do to become exit-ready and how they can make their businesses attractive to buyers.
In this episode, you’ll learn:
- Why an owner’s insistence on wearing all the hats in their business may make it unsellable
- Why Albert believes it’s a sign of trouble if a business owner can’t take six months off
- Examples of how business owners increased their valuation
- Ideas for practices to adopt now that will make it easier to sell later on
- Examples of what may attract acquirers to a certain business
- And more!
Tune in now to learn how to make a smooth business exit so you can retire right!
Resources: Heller Wealth Management | Kensington Company | Albert@Kensingtoncompany.com: (516) 626-2211
Larry Heller’s new book has hit the shelves!
In today’s episode, get a special preview of “Retire Right: Lots of People Retire Wrong. Learn How to Retire Right,” and join Larry as he discusses why this book speaks to today’s retirement landscape.
In this episode, you’ll learn:
- How retirement has transformed to become a “second act”
- The ideal time to finetune your retirement plans
- Examples of people who’ve made right versus wrong retirement decisions
- How Larry’s book helps readers factor inflation into their planning
- Where to purchase “Retire Right”
- And more!
Tune in now for an exclusive inside look at Larry’s new book.
Click here to purchase your copy! (Available in both eBook and paperback)
Resources: Heller Wealth Management | Retire Right Book
Many people believe that if they save enough money for retirement, they’re all set. But there is so much more to consider.
After spending years helping people retire right, Larry Heller is sharing the five top errors retirees make. In this episode, Larry explains why these errors are so detrimental, and most importantly, how to avoid these errors so you can enjoy your retirement.
In this episode, you’ll learn:
- A method for tracking your expenses (if you don’t like budgeting, this method is for you!)
- Which big-ticket items become unexpected expenses for retirees
- Why new retirees should avoid investing too conservatively
- Why chasing yield can be problematic
- Incorrect social security decisions to avoid
- And more!
Tune in now to learn how you can dodge the top five errors retirees make so you can retire right!
Resources: Heller Wealth Management | Episode 40: Larry’s Top 5 IRA Planning Strategies
The longer you live, the more likely you are to need long-term care. In fact, once you reach 80 years old, there’s an 80% chance that you will need it.
Whether you’re thinking about your own long-term care or care for your parents, this is the episode for you. Larry Heller speaks with guest Rona Loshak, an award-winning specialist in long-term-care insurance, to give you all of the information you need to make the right decisions for you and your family.
In this episode, you’ll learn:
- What misconceptions keep people from creating realistic plans
- Whether you can get plans from another state
- The four categories of people who are more likely to need long-term care
- Whether long-term care is covered by Medicare
- How to qualify for long-term-care insurance
- And more!
Tune in now and get your long-term-care questions answered!
Resources: Heller Wealth Management | Karp Loshak LTC Insurance Solutions
You may be contributing regularly to an IRA, but do you have a strategy that can help boost your retirement savings?
Get ready to make better use of your IRA. In today’s episode, Larry Heller covers his top five IRA strategies: tax planning; stretching beneficiaries; doing Roth conversions; creating wealth for the next generation; and doing backdoor Roth conversions.
In this episode, you’ll learn:
- What the differences are between a regular IRA and a Roth IRA
- How age and income levels affect contribution limits
- A common beneficiary oversight that you don’t want to make
- Who can benefit from Roth conversions and why
- How to use Larry’s top five IRA strategies
- And more!
Tune in now and learn IRA tips that could help you hold onto more of your money!
Resources: Heller Wealth Management
Are you in your second marriage and wondering how to cover all the bases in your estate plan?
Today, Larry Heller speaks with guest, Steven Adler, about estate planning issues faced by couples in their second marriage and how to solve them.
In this episode, you’ll learn:
- The most common estate planning issues couples face in second marriages
- How couples may benefit from including a trust in their estate plan
- What tasks newlyweds in a second marriage should address early on
- The difference between a will and a beneficiary
- Different ways to handle situations where one spouse brings more assets to the marriage or is significantly older than the other spouse
- And more!
Tune in and find out what you need to know about estate planning in a second marriage!
Resources: Heller Wealth Management | Law Offices of Steven M. Adler, PLLC
What should you do if you get a speeding ticket in New York? Ever wonder how to use your GPS device without getting a ticket? These are some of the big questions Larry Heller answers today with the help of his guest, Michael Block, traffic ticket attorney. Michael explains how to avoid getting ticketed (with a special focus on the all-too-common cell phone tickets), actions to take if you do get ticketed, and what actually happens if the police officer doesn’t show up to court for your traffic trial.
In this episode, you’ll also learn:
- What’s likely to happen after you accumulate 11 points
- What to consider when deciding if you’ll represent yourself in court
- The hidden costs of getting a ticket: Insurance increases and driver assessments
- What is considered to be “improper use of a cell phone” while driving
- How to use your GPS device without getting a ticket
- And more!
Tune in now and learn everything you need to know about getting traffic tickets in NY!
Resources: Heller Wealth Management | Michael Block: Traffic Ticket Attorney
Today, long-time NFL writer Bob Glauber joins Larry Heller in this episode to share the most memorable stories from his new book, “Guts and Genius: The Story of Three Unlikely Coaches Who Came to Dominate the NFL in the '80s.” Bob’s stories give a fascinating and rare insight into how Bill Walsh, Joe Gibbs, and Bill Parcells came to develop some of the most gifted players in football history and win eight Super Bowls.
In this episode, you’ll learn:
- Why all three coaches thought they’d be fired early in their careers, and which coach had the most self-doubt
- How Bill Parcells might have been seconds away from coaching the Giants for a second time in 1997—and what suddenly changed
- Which iconic football coach Bob was most nervous about interviewing
- How the coaches’ motivation styles differed and which coach was the most effective at motivating his team
- And more!
Tune in now to hear behind-the-scenes stories about three of the most significant figures in NFL's history!
Resources: Heller Wealth Management | “Guts and Genius: The Story of Three Unlikely Coaches Who Came to Dominate the NFL in the '80s” by Bob Glauber
Your year-end tax plan isn’t complete until you’ve considered tax-loss and tax-gain harvesting. These two strategies could offer you big tax savings!
Too often, financial advisors and accountants are not proactive in exploring these tax-saving possibilities with clients, but Larry doesn’t want you to miss out. In this episode, Larry explains how you can benefit from tax-loss and tax-gain harvesting.
In this episode, you’ll learn:
- The differences between tax-loss harvesting and tax-gain harvesting
- Optimal scenarios for applying these two strategies
- Examples of benefits these strategies can offer investors
- The deadline for executing these strategies
- And more!
Tune in now to learn more about tax-loss and tax-gain harvesting and how you can benefit from them during your year-end tax planning!
Resources: Heller Wealth Management
The transition from the work world to the retirement world can take a while to get used to. Sometimes, peace of mind can come from being able to recreate a paycheck every month.
In this episode, Larry Heller recommends variables and strategies to consider as you plan to create your retirement paycheck.
Today you will learn:
- What it means to have a retirement paycheck
- How planning for a retirement paycheck can help you figure out how much money you truly need each month
- What role fixed payment plays when calculating your retirement paycheck
- Three retirement portfolio strategies that you can use to recreate a retirement paycheck
- Factors to consider when deciding which approach is best for you
- Why you might not need to change your lifestyle in order to meet financial goals during retirement
- Which factors might influence which accounts you draw your retirement paychecks from
- And more!
Tune in now and learn how you can start planning out your retirement paycheck, so you can retire right!
Resources: Heller Wealth Management
2018 is the first full year under the new tax reform. Will your income tax return take a hit? Are there any changes that you will actually benefit from?
Larry Heller explores these questions with New York tax expert, Sal Albanese, CPA. In this episode, they uncover the biggest tax changes and recommend actions for you to take before 2019.
In this episode you’ll learn:
- Eleven tax law changes that could affect individuals
- How baby boomers are reacting to the SALT deduction cap
- Why couples are rushing to divorce before New Year’s Day
- Which deductible is still eligible as a personal casualty loss
- Which tax law changes might not affect you if you’ve been grandfathered in
- A strategy for benefitting from the standard deduction in 2018 and the itemized deduction in 2019
- And more!
Tune in now and learn about the biggest tax changes and how to prepare for filing season!
Resources: Heller Wealth Management | Salvatore Albanese & Company LLC | Salvatore Albanese & Company LLC: 516-417-8503
Annual Enrollment Period is in full swing! This is your opportunity to make changes to your Medicare plan that will better suit your needs in 2019.
The Medicare experts at 360 Insurance Services, Kathleen Brennan and Kevin Tinagero, join Larry Heller in today’s episode to share what should you look for when selecting a plan.
In this episode, you’ll learn:
- Two things to do when enrolling in Medicare
- Why Kathleen and Kevin recommend getting additional coverage
- What Medicare Supplement (Medigap) plans cover
- The difference between Original Medicare and a Medicare Advantage plan
- What to consider when selecting a plan
- How living in different locations during the year may impact your plan
- And more!
Tune in today and gain a richer understanding of Medicare!
Resources: Heller Wealth Management | Medicare 360 | Medicare 360: 866-963-2414
When people invest, they often forget about bonds and invest solely in stocks. Why is that?
Perhaps most people simply don’t have enough information; Larry Heller has met several clients who didn’t know what bonds were, let alone the advantages of investing in them. If lack of knowledge is the issue, Larry is here to fill the gap.
In this episode, you’ll learn:
- How bonds work as an investment vehicle
- Different types of bonds and which ones might be suitable for you
- The characteristics of bonds
- How to purchase bonds
- How to assess the potential for risk before purchasing a bond
- The difference between taxable and tax-free bonds
- How and why you should use bonds
Tune in today to learn more about bonds, the underrated investment vehicle!
Resources: Heller Wealth Management
Many times, it’s only when the going gets tough that people realize they don’t have adequate insurance coverage.
Because of this, Larry Heller is on a mission to provide expert advice about insurance policies.
With the help of his guest, Doug Kniffin, the vice president of The Viking Agency, Larry shares what you need to know about insurance, including:
- How individuals and businesses can prepare for major storms with insurance
- Common oversights that homeowners make when they’re selecting policies
- Beneficial policies that homeowners may not be aware of
- The importance of having an umbrella policy for assets
- Two recommended insurance policies for New York business owners
- And more!
Tune in today and discover insurance policies that could make a world of difference for you, your family, and your business.
Resources: Heller Wealth Management | The Viking Agency, Inc. | Doug Kniffin: 516-496-7711
Do you know the difference between Medicare and Medicaid?
Today, Larry Heller breaks down common misconceptions with the help of Kevin Condon, a lawyer who specializes in elder law estate and long-term care planning.
To help listeners understand the inner workings of Medicaid, Larry and Kevin explain how it differs from Medicare. Then they clear up misconceptions they’ve both encountered with clients, including the belief that you can’t ever qualify for Medicaid if you have too many assets, or that your assets are protected from Medicaid in a revocable trust.
Kevin also outlines why it’s important to plan and protect your assets, even if you don’t think you need to plan for Medicaid. He also discusses the best age to start preparing.
Tune in today for an information-packed episode of helpful tips that will help you better prepare for your retirement.
Resources:
Heller Wealth Management | Grenier, Humes & Nolan, LLP | Kevin Condon: 631-694-2626 or kcondon@ghnlawgroup.com
Investing can feel stressful when it seems like people we know and media are constantly making predictions about the market. Who can you trust? What information is actually going to help you invest wisely?
Larry Heller is hoping to bring clarity to your investment experience in this episode. By tuning in, you’ll learn 10 guidelines, which includes resisting the urge to outguess the market and practicing smart diversification.
Join Larry as he shares valuable insight backed by scientific data, to help you invest with ease.
Heller Wealth Management - https://hellerwealthmanagement.com/
In this episode, Larry Heller shares how you can build your ideal financial plan using his four pillars: mindset, strategy, tactics, and progress. These are the key elements that make up the Complete Financial House process that Larry and his team implement with their clients.
Join Larry as he explains how each pillar can support your financial plan, along with what to consider when executing them. Larry also shares his favorite questions to ask clients, what professional athletes can teach us about visualization, and why he’s inspired by Jim Carrey’s story.
Tune in now to learn how you can bridge the gap between where you are now and where you want to be in your financial life.
Heller Wealth Management - https://hellerwealthmanagement.com/
The Complete Financial House - https://hellerwealthmanagement.com/complete-financial
Have you checked up on your personal finances lately?
In this episode of the Retire Right Podcast, Larry Heller provides an in-depth look at the five financial areas to check at the mid-year mark. From making adjustments after a salary increase, to making the most of the new tax law, Larry covers everything you need to know to ensure your finances are working for you.
Listen now as Larry gives you complete financial advice to help you stay on track for 2018 and beyond.
Heller Wealth Management: https://hellerwealthmanagement.com
In this episode, Larry Heller speaks with Dan Goldberg to discuss what life care managers are and why you should consider hiring one.
Dan Goldberg is the president and managing director of IKOR of the North Shore Long Island, a life care management company for seniors and individuals with disabilities.
With our aging population, it’s more important than ever to consider how you will get the best care for our loved ones when they have special needs or medical issues.
Tune in as Larry and Dan discuss the role of a life care manager, housing options for older adults, along with common misconceptions around how Medicare works.
IKOR of North Shore Long Island | IKOR Global | Heller Wealth Management
In this episode, Larry meets with David Gaynes, co-president of Chillin’ With Adam: The Adam Gaynes Foundation. David and his wife created this non-profit organization in honor of their 11-year-old son, Adam, who passed away after his lifelong battle with a brain tumor. Inspired by Adam’s courage and spirit, Chillin’ With Adam funds projects and programs at hospitals and schools to help make life easier for children and their families who are impacted by brain tumors, cancer, or blood disorders.
David and Larry share details about the 4th Annual Adam Gaynes Golf, Tennis and Spa Day at Cold Spring Country Club, on Thursday July 12, 2018. Tune in and find out where you can purchase tickets and how you can raise funds.
David also explains how your donation to Chillin’ with Adam will make a difference in the care, comfort, and eventual cure for children diagnosed with brain tumors and other diseases. Your generosity will help Adam’s strength, courage, and spirit live on.
Resources:
Adam Gaynes Foundation: Chillinwithadam.org
Register here for the 4th Annual Adam Gaynes Golf, Tennis and Spa Day
For more information, watch this YouTube video on the Adam Gaynes Foundation
In this episode, you’ll meet one of Larry’s clients, Ivan Ziegler, the Long Island Chapter President of Friendship Force International.
Friendship Force International is a non-profit cultural organization that focuses on promoting understanding, cultural education, and citizen diplomacy through homestay journeys and personal friendships. By bringing together people from different cultures and backgrounds, the organization hopes to create mutual respect and even lifelong friendships.
Tune in as Ivan shares stories about hosting tourists and explains how these experiences have shaped how he views himself and others.
Heller Wealth Management | Friendship Force International | Friendship Force, Long Island, New York, Chapter
Today, Larry Heller and Matt Halloran discuss housing and financial strategies for retirees. Since your house is a significant asset, it’s important to consider what you’d like to do with your home once you retire.
Will you stay in your home for a period of time or move right away? Will you convert your home equity line to a traditional mortgage? Which financing options are suitable for retirees who will carry a mortgage? These are only a few of the questions that Larry answers in this episode.
Join Larry as he expertly guides you through various options. Complete financial advice equals complete peace of mind.
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management |
Are you investing solely in one stock?
In today’s podcast, Matt Halloran and Larry Heller discuss why some people invest in only one stock and why that singular approach to investing is risky. Listen in as Larry highlights examples of historically successful companies whose stocks have taken a nosedive. If you’ve ever heard that it’s beneficial to diversify your portfolio, but you’re unsure of why and how to do it, this episode is for you.
Tune in as Larry walks you through strategies to diversify your portfolio and minimize risk.
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management |
On today's podcast, Larry Heller brings on a guest to discuss the financial considerations that go along with divorcing later on in life.
Who better to discuss this topic with than Gayle Rosenblum, an award-winning matrimonial and family law attorney of Rubin and Rosenblum, PLLC.
In this episode, Gayle and Larry explore the special challenges that older adults face when they’re going through a divorce.
Gayle explains how retirement accounts and assets, like a shared business, can be divvied up between spouses who are divorcing. Gayle also addresses how a divorce can impact Social Security benefits, health insurance, and life insurance.
Tune in and gain some expert advice on the financial side of a golden-year divorce.
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Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management |
Do you want to put more money in your pocket after taxes? When planning for retirement it is not only wise to include an investment strategy, it is also good to implement strategies to minimize income taxes on that investment strategy. It is time to take a look at what your taxes are and how they affect your investments.
Learn more in this episode as I take you through some strategies on how to minimize taxes on your investments.
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
Stock Markets will go up and down over the course of a lifetime. You want to be prepared for these fluctuations, especially in retirement. A steady income stream will help you in a volatile market allowing you to sleep better at night.
In this episode, I share investment strategies to take during retirement to help put you at ease.
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
Do you know the fundamental pieces to estate planning? It is critical for everyone to understand what documents are needed, the importance of the documents, techniques needed for estate planning, and how estate planning has been impacted by the recent tax law changes.
Learn more in this episode as I interview a very special guest, Michael Nolan, a Trust and Estate Planning Attorney with offices in Melville and New York City.
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
To understand what a Roth is, we must understand the differences between both a Roth and a traditional IRA. Before you and your advisor decide what’s best for you, it’s important to clearly understand what makes each type of IRA unique.
Learn more in this podcast as I share more about how and when to use a Roth.
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
In this episode, Larry gives 10 keys to revamping our finances for a successful 2018. Grab a piece of paper and jot down this list of practical tips, which could set you up for the next 10 years and beyond.
Join Larry as he shares his top 10 financial steps for 2018!
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
This December will be the month that marks the finalization and voting of the new tax bill. This new tax bill will impact both corporate and personal taxes. Changes brought about by the tax law are sure to affect different facets of our financial plans, including how we plan for retirement.
Learn more about the new tax bill from Larry Heller and guest Mike Kessler, CPA in this podcast:
Guest Speaker: Mike Kessler, CPA
Learn more at: Michael J. Kessler, Profitability Consultants Website
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
When transitioning from working to retirement there needs to be a change in our investment portfolio. This is because during retirement, the investment portfolio becomes a source of income, meaning you will draw money from it. It’s important to have a portfolio setup so you can stay on track during the course of your retirement.
Learn more about creating an investment portfolio for retirement in this podcast:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
While it’s valuable to build wealth, it’s also equally important to keep your money. Taxes are one of the key things that we should account for in doing so. The more you can save on taxes, the more money you can potentially earn. It’s important for your financial advisor to look at all strategies available to help optimize tax and ensure you’re keeping most of your money intact.
Learn more about tax optimization in this podcast:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
Survivor and Divorce benefit options are one of the largest aspects of Social Security that most people do not understand. Those who are eligible for the benefits may miss out on a lot of value, as they are not aware of the benefits and what they are entitled to. Larry shares more on understanding the benefits and how to efficiently maximize your Social Security.
Learn more about the Social Security conundrum series in this podcast:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
Maybe you're planning to apply for Social Security today, a year from now, or 10 years from now. Will you and your spouse know how to maximize its potential benefits? There's a lot to know, but Larry spells it all out in his latest podcast.
Listen in as Larry explains innovative ways that you can coordinate Social Security benefits with your spouse:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
Many people make mistakes when determining the best time to start taking their social security. Everyone is different, which makes every situation is unique. There isn’t one clear strategy that fits everyone’s needs. In this podcast, Larry shares the primary five factors you need to consider while deciding when to start taking your social security.
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
In this podcast, Larry shares insight on the Social Security benefits to help clear up the misunderstandings people commonly have. This four-part series will help you understand the ins and outs of Social Security, including eligibility, when to collect, and what to collect.
Learn more about Social Security in this podcast with Larry Heller, as he discusses the first part of the four-part series:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
In this podcast, Larry Heller shares the biggest question people ask when nearing retirement: “How much money can I spend?” Most people don’t even know the amount they spend currently, and in order to determine what they can spend in retirement, they need to know their current expenses.
Here are 4 questions that need to be answered to determine what you can spend in retirement:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
Larry shares more about the concerns clients have when preparing for retirement. Over the years, financial professionals have met with hundreds of clients, and for the most part, they have similar concerns. In fact, there are seven concerns that stand out from the rest, as they are the main points people looking to retire are most worried about.
Learn more about the seven biggest concerns clients have when preparing for retirement in this podcast:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
Larry shares more on the Fourth Pillar of the Complete Financial House – Progress. A financial planner will help you set a strategy and game plan towards your goal, although sometimes it’s hard to stay on track with plans we’ve put in place. Having a planner who is fully dedicated to the plan is recommended. We also want to keep looking at the plan regularly and have short-term goals we can meet outside of the long-term plan. This way, we can see our progress and be sure that we are going in the right direction.
Learn more about the Fourth Pillar of the Complete Financial House in this podcast:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management
When it comes to retirement, you must put several strategies in place that are quite different compared to when you were working. Here we have planning tactics that can be a benefit to everyone preparing to build a complete financial house.
All of these tactics are intertwined. One of the best things you can do to implement these strategies is to work with an expert such as a wealth advisor to really specialize and focus on this. Some experts focus on only one of these tactics, but it’s best to find someone who can implement all of them. Since they are intertwined, working with someone who has experience and education in these areas can make things much more efficient.
Learn more about the third pillar in this podcast:
Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management