Category Archives: Retirement Planning

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Episode 73 – “Do I Have Enough Money To Retire?” Here Are the Best Ways To Figure This Out!

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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Episode 72 – Money-Saving Advice People Wish They’d Known During Their Divorce –– With Rosalia Labate

When planning for a divorce, you’re planning for the rest of your life. Do you know how to make the best financial choices for your future?

Today, Larry Heller is joined by Rosalia Labate, a forensic financial analyst who guides people through the financial aspects of a divorce, about how to avoid common mistakes that end up costing people more money in the end and leaving them with financial regrets after their divorce.

Rosalia teaches you how to prepare for a divorce if you haven’t been involved in the finances during your marriage, the advantages of working with a forensic financial analyst before meeting with your attorney, and more in this information-packed episode. 

In this episode, you will learn:

  • What mistake causes people to waste a lot of money early in the divorce process
  • Why working with a forensic financial analyst –– not just an attorney –– can save you money during a divorce 
  • How a business is valuated during a divorce, according to New York State law (and why the pre-marriage value of a business isn’t included)
  • How to avoid the top financial mistakes that people make during a divorce 
  • Must-haves when hiring a forensic financial analyst
  • And more!

Tune in for proven advice on how to make the best financial choices for your future. 

Resources:  Heller Wealth Management: (631) 293-2806 | Rosalia M. Labate CPA, P.C.: (516) 996-7788

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Episode 71 – Things To Consider if You’re Offered an Early Retirement

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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Episode 70 – Avoid Litigation: A Must-Have Strategy for Employers –– With Glenn J. Franklin

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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Episode 69 – Should I Stop Contributing To My 401(k) During COVID-19? (and More Answers To Your 401(k) Questions)

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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Episode 68 – Golf Tips to Help Older Adults Play Safely and Enjoy the Game –– With Bill Bresnan

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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Episode 67 – The Business Case for Workplace Cultures of Accountability –– With Christine Ippolito

By creating a culture of accountability in your company, you can give your employees clearer expectations and a better sense of purpose. This shift is particularly helpful as employees are feeling more stressed and anxious during the pandemic. 

In this episode, Larry Heller talks to Christine Ippolito, the founder and president of Compass Workforce Solutions. Christine helps small businesses succeed in a challenging regulatory environment and has built a strong reputation as an expert and leading voice in the area of human resources. Christine explains how to establish a culture of accountability in your workplace and why this culture empowers every person in your organization to own their tasks and ask questions. 

In this episode, you will learn:

  • Why having a culture of accountability saves time, energy, and effort at work
  • How to get buy-in from new employees without micro-managing them
  • Examples of how to set clear expectations for your team
  • Questions to ask yourself before you delegate a task to an employee
  • How to give your team permission to hold you accountable as a leader 
  • Four tools that you can give employees to help them achieve accountability
  • How to tell if your company has achieved a culture of accountability
  • And more!

Tune in now to learn what changes you can make right away to shift to a culture of accountability. 

Resources:  Heller Wealth Management: (631) 293-2806 | Compass Workforce Solutions: (631) 794-7400 | Measure What Matters by John Doerr

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Episode 66 – 6 Savings Strategies for an Extremely Low-Yield Environment

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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Episode 65 – How to Have a Pain-Free Audit of Your Company 401(k) Plan

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 

Episode 64 – 7 Financial Steps for Pre-Retirees to Take During COVID-19

People’s expenses are being upended as adult kids return home and family members lose income. Banks aren’t paying much for cash. Is it still possible to retire right? 

In this episode, Larry Heller brings you seven financial steps to take during COVID-19. These steps are especially important if you’re retired or nearing retirement. Get ready to take notes, take action, and stay on your path to retiring right. 

You will learn:

  • Seven financial steps to take right now
  • A possible solution for earning higher interest on cash
  • Why you must know your withdrawal rate to retire right
  • Which life factors play a role in determining your withdrawal rate
  • Three ways to determine the correct amount to have in cash, bonds, and equities
  •  And more!

Tune in to learn seven financial steps to take right now!


Heller Wealth Management: (631) 293-2806