The Retire Right Podcast
Episode 54 — How I Stopped Working Full-Time to Follow My Photography Passion — With Marc Alter

Episode 54 — How I Stopped Working Full-Time to Follow My Photography Passion — With Marc Alter

November 15, 2019

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

Episode 53 — Current Stock Market Valuation: Are You Worried? Here’s What to Do

Episode 53 — Current Stock Market Valuation: Are You Worried? Here’s What to Do

November 11, 2019

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  

Episode 52 - Municipal Bonds: How, When, and Why to Use Them in Your Investment Portfolio — With Jason Stuck of Northern Capital

Episode 52 - Municipal Bonds: How, When, and Why to Use Them in Your Investment Portfolio — With Jason Stuck of Northern Capital

October 21, 2019

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 

Episode 51 — Here’s What You Need to Know About Your Credit in Retirement — With Guest, Leslie H. Tayne

Episode 51 — Here’s What You Need to Know About Your Credit in Retirement — With Guest, Leslie H. Tayne

October 4, 2019

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

Episode 50 – Looking Back: Celebrating 50 Episodes of the Retire Right Podcast!

Episode 50 – Looking Back: Celebrating 50 Episodes of the Retire Right Podcast!

September 19, 2019

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

 

Episode 49 - 401(k) Plans: What You Need to Know About a Third Party Administrator (TPA) — With Doug Hoefer

Episode 49 - 401(k) Plans: What You Need to Know About a Third Party Administrator (TPA) — With Doug Hoefer

September 5, 2019

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

Episode 48 -Investing with Dimensional Fund Advisors: Who They Are and Why They Are Unique”

Episode 48 -Investing with Dimensional Fund Advisors: Who They Are and Why They Are Unique”

August 21, 2019

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 ManagementDimensional Fund Advisors

Episode 47 - How Model Trains and Retiring Right Go Together — With Mike Kmeth

Episode 47 - How Model Trains and Retiring Right Go Together — With Mike Kmeth

August 8, 2019

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

 

Episode 46 -  Live Your Very Best Encore — With Susan Williams

Episode 46 -  Live Your Very Best Encore — With Susan Williams

July 24, 2019

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

 

Episode 45 - What You Must Know About Changing Your State Residence — With Karen J. Tenenbaum

Episode 45 - What You Must Know About Changing Your State Residence — With Karen J. Tenenbaum

July 10, 2019

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