Episode 36 -  Don’t Forget About Tax-Loss Harvesting and Tax-Gain Harvesting

December 13, 2018

 

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

 

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Episode 35 -  Your Retirement Paycheck

December 7, 2018

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

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Episode 34 -  11 Ways the New Tax Law Could Help or Hurt Your Tax Return

November 12, 2018

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

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Episode 33 -   What to Know When Selecting a Medicare Plan—with Guests Kathleen Brennan and Kevin Tinagero

November 1, 2018

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

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Episode 32 - Bonds: The Underrated Investment Vehicle

October 11, 2018

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

 

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Episode 31 - Choosing the Right Insurance to Weather Life’s Storms—with Guest, Doug Kniffin

October 3, 2018

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

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Episode 30 - Don’t Fall for These Common Misconceptions About Medicaid

September 19, 2018

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

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Episode 29 - 10 Ways You Can Improve Your Investment Experience

September 6, 2018

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/

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Episode 28 - Build Your Dream Financial Plan with These Four Pillars

August 20, 2018

 

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

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Episode 27 - Five Ways to Optimize Your Finances in the Middle of the Year

August 8, 2018

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

 

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