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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.
Episodes
Wednesday Jul 24, 2019
Episode 46 - Live Your Very Best Encore — With Susan Williams
Wednesday Jul 24, 2019
Wednesday Jul 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
Wednesday Jul 10, 2019
Wednesday Jul 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
Wednesday Jun 26, 2019
Episode 44 - 15 Ways to Make More Money in Your 401(K) Plan — With Paul Merriman
Wednesday Jun 26, 2019
Wednesday Jun 26, 2019
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
Monday Jun 17, 2019
Episode 43 - How to Make Your Business Sellable — With Albert Hakim
Monday Jun 17, 2019
Monday Jun 17, 2019
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
Saturday Jun 01, 2019
Saturday Jun 01, 2019
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
Wednesday May 08, 2019
Episode 42 - The Top Five Errors Retirees Make
Wednesday May 08, 2019
Wednesday May 08, 2019
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
Wednesday Apr 10, 2019
Episode 41 - Everything You Didn’t Know About Long-Term Care with Guest Rona Loshak
Wednesday Apr 10, 2019
Wednesday Apr 10, 2019
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
Wednesday Mar 27, 2019
Episode 40 - Larry’s Top 5 IRA Planning Strategies
Wednesday Mar 27, 2019
Wednesday Mar 27, 2019
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
Wednesday Mar 13, 2019
Episode 39 - Estate Planning in Second Marriages — With Guest Steven Adler
Wednesday Mar 13, 2019
Wednesday Mar 13, 2019
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
Wednesday Feb 27, 2019
Wednesday Feb 27, 2019
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