Category: Financial Strategies

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Investing with Dimensional Fund Advisors: Who They Are and Why They Are Unique (Ep. 48)

Investing with Dimensional Fund Advisors: Who They Are and Why They Are Unique (Ep. 48)

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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 Management |  Dimensional Fund Advisors

 

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How Model Trains and Retiring Right Go Together — With Mike Kmeth (Ep. 47)

How Model Trains and Retiring Right Go Together — With Mike Kmeth (Ep. 47)

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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

 

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Live Your Very Best Encore — With Susan Williams (Ep. 46)

Live Your Very Best Encore — With Susan Williams (Ep. 46)

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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

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What You Must Know About Changing Your State Residence — With Karen J. Tenenbaum (Ep. 45)

What You Must Know About Changing Your State Residence — With Karen J. Tenenbaum (Ep. 45)

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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 

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15 Ways to Make More Money in Your 401(K) Plan — With Paul Merriman (Ep. 44)

15 Ways to Make More Money in Your 401(K) Plan — With Paul Merriman (Ep. 44)

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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

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How to Make Your Business Sellable — With Albert Hakim (Ep. 43)

How to Make Your Business Sellable — With Albert Hakim (Ep. 43)

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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

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Special Edition Episode – Introducing Larry Heller CFP®, CPA’s New Book: “Retire Right”

Special Edition Episode – Introducing Larry Heller CFP®, CPA’s New Book: “Retire Right”

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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

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The Top Five Errors Retirees Make (Ep. 42)

The Top Five Errors Retirees Make (Ep. 42)

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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

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Larry’s Top 5 IRA Planning Strategies (Ep. 40)

Larry’s Top 5 IRA Planning Strategies (Ep. 40)

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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

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Don’t Forget About Tax-Loss Harvesting and Tax-Gain Harvesting (Ep. 36)

Don’t Forget About Tax-Loss Harvesting and Tax-Gain Harvesting (Ep. 36)

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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