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Do you have enough money to retire?

It’s amazing how many people actually have enough money to retire, but don’t realize it. 

Today, Larry Heller gives you complete advice on how to answer this question for yourself. He uncovers overlooked expenses that pre-retirees must factor in and teaches you how to recreate your paycheck so you can retire right. 

You will learn:

• Which expenses many retirees don’t plan for –– but should
• Which withdrawal rate tends to give people enough money for the rest of their lives
• Why people’s spending in retirement is U shaped
• How to figure out how much money you’ll need even when the market is high & interest rates are low
• And more!

Tune in now to figure out if you have enough money to retire!

Resources: Heller Wealth Management: (631) 293-2806 | Retire Right Book | Free Retirement Checklist | Episode 35: Your Retirement Paycheck

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Many people are being offered early retirement due to the global pandemic. But should you accept this offer?

In today’s episode, Larry Heller dives straight into the discussion about early retirement and factors to consider before you accept this, perhaps tempting, offer. He provides insightful and valuable information that will help you make a meaningful retirement decision.

In this episode, you will learn: 

• What to consider when you are offered early retirement
• About early retirement specifics and severance packages
• The benefits of early retirement 
• What will happen to your 401(k) plan if you retire early
• What to know about social security and tax planning during early retirement 
• And more!

Tune in now for complete advice on what to consider before retiring early! 

Resources:  Heller Wealth Management: (631) 293-2806 

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If you’ve laid off an employee that you weren’t entirely satisfied with, are you legally obligated to bring them back to work? 

Today, Larry Heller is joined by Glenn J. Franklin, managing partner of Franklin, Gringer & Cohen, P.C., to answer employment-law questions, like the one above, which are particularly relevant during COVID-19. 

Glenn gives expert advice on how employers can protect themselves against litigation. He also shares what employers need to know about the new New York State Sick Leave (NYSSL) law.

In this episode, you will learn:

• The difference between a layoff, a furlough, and termination
• Whether employees are entitled to unemployment insurance when laid off or terminated
• Whether employers are legally obligated to bring laid off employees back to work
• Why employers would spare themselves a lot of grief by following the golden rule
• The new details on NYSSL
• And more!

Tune in to learn what goes into a solid strategy that will help protect you from litigation.

Resources:  Heller Wealth Management: (631) 293-2806 | Franklin, Gringer & Cohen, P.C.: (516) 228-3131

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Has your employer stopped matching 401(k) contributions during COVID-19? Do you wish you had more money for daily expenses?

If so, you might be wondering if you should stop contributing to your 401(k).

Today, Larry Heller explains why increasing your savings rate is one of the best ways to take back control during unsettling times. 

This episode is filled with advice to help you increase your contributions, focus on the long-term outcomes of contributing to your 401(k), and know whether it’s wise to withdraw early from your plan, even if the U.S. government is making it easy to do that during COVID-19. 

In this episode, you will learn:

• Why you shouldn’t stop contributing to your 401(k)
• Three ways to increase your contributions
• How to know if you’re saving enough money in your 401(k) for retirement
• What to look for when doing a portfolio check 
• What to do with your 401(k) if you lose your job
• What the downsides are of taking a hardship withdrawal
• And more!

Tune in for complete advice on what to do with your 401(k)!

Resources:  Heller Wealth Management: (631) 293-2806 | Episode 35: Your Retirement Paycheck | Video: How To Decide If a Roth Conversion Is Right for This Year

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Are you over 50 and thinking about getting into golf? Or maybe you’re a seasoned golfer who is looking for tips to help you avoid injuries as you get older.

This is the episode for you!

Today Larry Heller talks to Bill Bresnan, a PGA golf professional who has been giving lessons on Long Island for over 25 years. (In fact, Bill is Larry’s golf instructor!) Bill shares advice to help new golfers over 50 play safely and avoid the frustrations that come with just starting out. He also shares how experienced golfers can improve their game and make adjustments for safety as they age. 

In this episode, you will learn:

• About Bill’s favorite memory from competing in the PGA
• The first step for older adults who are interested in taking up golf
• Two recommendation to help golfers age 50+ avoid injuries and keep enjoying the game
• Advice to help new golfers enjoy the game without getting frustrated
• Why older adults benefit socially from playing golf at a club 
• Two key traits to look for in a golf coach
• And more!

Tune in now to get tips for mastering and enjoying golf as you get older.

Resources:  Heller Wealth Management: (631) 293-2806 | Colonial Springs Golf Club: Call Bill Bresnan at (631) 643-1050 ext. 23 

 

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If you’re approaching retirement or already retired, what can you do about low yields? 

After all, in today’s remarkably low-yield environment, you can’t earn enough on yields to even stay ahead of inflation. 

Current interest rates for a 10-year treasury are less than 1%. And cash in the bank is getting just about 0%.

In this episode, Larry Heller proves that there are several smart moves you can make to lower your expenses and increase your net cash flow and net returns –– even during a low-yield environment. 

In this episode, you will learn:

• How to increase your social security benefit by 8% a year
• What financial move will give you a guaranteed rate of return
• How to weigh the possible risks and rewards when considering higher-yield investments
• Why you may want to look into bond laddering
• How to look beyond your income strategy to increase your returns in a low-interest rate, low-yield index
• And more!

Tune in now to learn 6 ways to help increase your net cash flow and net returns in our current low-yield environment.

Resources:  Heller Wealth Management: (631) 293-2806 | Episode 9 – The Social Security Conundrum: Part 1  | Episode 32 – Bonds: The Underrated Investment Vehicle

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Did you know that there are steps you can take right now to prepare your company for a smooth 401(k) audit?

In this episode, Larry Heller is joined by Robert Puerto, a CPA and partner at Boris Benic and Associates LLP. With over 20 years of experience in managing multiple audits and review engagements in various industries, Robert shares his experience to help you prepare for a smooth audit as an employer.

In this episode, you will learn:

• Two exceptions to the audit rule
• Which plans are and aren’t covered by ERISA
• How the ERISA audit intersects with annual filing requirements
• How third party administrators (TPAs) assist with audits
• What information auditors need from employers (that they can’t get from service providers)
• Recommendations to help you have a smooth audit
• And more!

Tune in now to start your preparations for a pain-free audit!

Resources:  Heller Wealth Management: (631) 293-2806 | Robert Puerto’s Email: (516) 248-7361