86. Having the Money Talk With Your Parents

June 7, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement Planning#Podcast, Conversations, Finances, Money, Parents, Personal Finance, Retire Rightretireright

Podcast: Play in new window | Download | Embed

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

Episode 85 – The History of Baseball: Where It All Began

May 26, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement Planning#Podcast, Baseball, History, Parks, Players, Retire Right, Storiesretireright

Podcast: Play in new window | Download | Embed

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

Episode 84 – Five Common Mistakes to Avoid When Planning for Retirement

May 11, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement Planning#Podcast, #Process, Bonds, Investments, Mistakes, Personal Finance, Planning, Portfolios, Retire Right, Retirement Planning, Risks, Successretireright

Podcast: Play in new window | Download | Embed

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

Episode 83 – Why Everyone Should Have Supplementary Uninsured Motorist Coverage — With Attorney Brian Murphy

April 21, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement Planning#FinancialPlanning, #Podcast, #RetireRight, Attorney, Auto Insurance, Financial Planning, Four Pillars of your Complete Financial House, Heller Wealth Mangement, Injury, Insurance, Larry Heller, New York, Retire Right, Retirement, SUM Coverageretireright

Podcast: Play in new window | Download | Embed

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

Episode 82 – Investors — Focus on What You Can Control

March 29, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement Planning#FinancialPlanning, #PersonalFinance, #Plan, #Podcast, #Process, #ProspectiveClients, #RetireRight, Investment, Portfolio, Retire Right, Stock Marketretireright

Podcast: Play in new window | Download | Embed

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:
1. Asset Allocation
2. The importance of a diversified portfolio
3. Why it’s essential to have a strategy
4. 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

Episode 81 – Retirement Heaven or Hell: Which Will You Choose? — With Authors Mike Drak And Susan Williams

March 17, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement Planning#Book, #LifeStyle, #Podcast, #Process, #RetirementPlanning, #RetireRight, Financial Planning, Four Pillars of your Complete Financial House, Heller Wealth Mangement, Larry Heller, Retire Right, Retirementretireright

Podcast: Play in new window | Download | Embed

“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

Episode 80 – Understanding the client experience when working with Heller Wealth Management

February 26, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement Planning#FinancialPlanning, #PersonalFinance, #Plan, #Podcast, #Process, #ProspectiveClients, #RetireRightretireright

Podcast: Play in new window | Download | Embed

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!

Episode 79 – Three Methods For Resolving Divorce Disputes — With Attorney Michael Fried

February 12, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement Planning#CollaborativeLaw, #Divorce, #LitigationLaw, #MediationLaw, #Pandemic, Financial Planning, Four Pillars of your Complete Financial House, Heller Wealth Mangement, Larry Heller, Retire Right, Retirementretireright

Podcast: Play in new window | Download | Embed

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

Episode 78 – Inherited IRAs are a Ticking Tax Bomb. Here’s What You Can Do

January 29, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement PlanningFinancial Planning, Four Pillars of your Complete Financial House, Heller Wealth Mangement, Larry Heller, Retire Right, Retirementretireright

Podcast: Play in new window | Download | Embed

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

Episode 77 — What Has 2020 Taught Us? Four Valuable Lessons We Will Take Into 2021

January 11, 2021Financial Planning, Financial Strategies, Retire Right, Retirement, Retirement PlanningFinancial Planning, Four Pillars of your Complete Financial House, Heller Wealth Mangement, Larry Heller, Retire Right, Retirementretireright

Podcast: Play in new window | Download | Embed

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