Category Archives: Financial Strategies

2022 FEATURE

Transitioning Into Retirement and Gaining a New Purpose with George Jerjian (Ep.110)



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:

Connect With George Jerjian:

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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.




2022 FEATURE

Common Errors To Avoid When Passing Money To Your Heirs Upon Death (Ep. 109)



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  • The risks of having an outdated will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: 

Connect With Larry Heller:


2022 FEATURE

Taking Financial Responsibility Before You’re a Widow or Widower (Ep. 108)



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: 

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2022 FEATURE

Strategies For Living With Inflation (Ep.107)



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

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2022 FEATURE

The Do’s and Don’ts When Facing a Divorce With Ilyssa Panitz (Ep.106)



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: 

Connect With Ilyssa Panitz:

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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.

 


2022 FEATURE

How Getting Divorced After 50 Impacts Retirement Planning (Ep.105)



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: 

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2022 FEATURE

Preparing for Retirement Through a Non-Financial Lens with Reid Stone (Ep. 104)



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: 

Connect With Reid Stone:

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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.

 


2022 FEATURE

What You Need to Know About Fiduciary Duty Claim For Financial Professionals With Stephen Brodsky (Ep.103)



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: 

Connect With Stephen Brodsky:

Connect With Larry Heller:

 

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.


2022 FEATURE

What You Can Expect When Working with Heller Wealth Management (Ep. 102)



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:


2022 FEATURE

Applying Positive Manipulation in 2022 with Donna Martini (Ep. 101)



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: 

Connect With Donna Martini:

Connect With Larry Heller:

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.