Category: Retirement

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Estate Planning in Second Marriages — With Guest Steven Adler (Ep. 39)

Estate Planning in Second Marriages — With Guest Steven Adler (Ep. 39)

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Are you in your second marriage and wondering how to cover all the bases in your estate plan?

Today, Larry Heller speaks with guest, Steven Adler, about estate planning issues faced by couples in their second marriage and how to solve them.

In this episode, you’ll learn:

    • The most common estate planning issues couples face in second marriages

 

    • How couples may benefit from including a trust in their estate plan

 

    • What tasks newlyweds in a second marriage should address early on

 

    • The difference between a will and a beneficiary

 

    • Different ways to handle situations where one spouse brings more assets to the marriage or is significantly older than the other spouse

 

    And more!

Tune in and find out what you need to know about estate planning in a second marriage!

Resources:  Heller Wealth Management | Law Offices of Steven M. Adler, PLLC

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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

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Your Retirement Paycheck (Ep. 35)

Your Retirement Paycheck (Ep. 35)

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The transition from the work world to the retirement world can take a while to get used to. Sometimes, peace of mind can come from being able to recreate a paycheck every month.

In this episode, Larry Heller recommends variables and strategies to consider as you plan to create your retirement paycheck.

Today you will learn:

    • What it means to have a retirement paycheck

 

    • How planning for a retirement paycheck can help you figure out how much money you truly need each month

 

    • What role fixed payment plays when calculating your retirement paycheck

 

    • Three retirement portfolio strategies that you can use to recreate a retirement paycheck

 

    • Factors to consider when deciding which approach is best for you

 

    • Why you might not need to change your lifestyle in order to meet financial goals during retirement

 

    • Which factors might influence which accounts you draw your retirement paychecks from

 

    And more!

Tune in now and learn how you can start planning out your retirement paycheck, so you can retire right!

Resources: Heller Wealth Management

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11 Ways the New Tax Law Could Help or Hurt Your Tax Return (Ep. 34)

11 Ways the New Tax Law Could Help or Hurt Your Tax Return (Ep. 34)

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2018 is the first full year under the new tax reform. Will your income tax return take a hit? Are there any changes that you will actually benefit from?

Larry Heller explores these questions with New York tax expert, Sal Albanese, CPA. In this episode, they uncover the biggest tax changes and recommend actions for you to take before 2019.

In this episode you’ll learn:

    • Eleven tax law changes that could affect individuals

 

    • How baby boomers are reacting to the SALT deduction cap

 

    • Why couples are rushing to divorce before New Year’s Day

 

    • Which deductible is still eligible as a personal casualty loss

 

    • Which tax law changes might not affect you if you’ve been grandfathered in

 

    • A strategy for benefitting from the standard deduction in 2018 and the itemized deduction in 2019

 

    And more!

Tune in now and learn about the biggest tax changes and how to prepare for filing season!

Resources: Heller Wealth Management |  Salvatore Albanese & Company LLC | Salvatore Albanese & Company LLC: 516-417-8503

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Bonds: The Underrated Investment Vehicle (Ep. 32)

Bonds: The Underrated Investment Vehicle (Ep. 32)

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When people invest, they often forget about bonds and invest solely in stocks. Why is that?

Perhaps most people simply don’t have enough information; Larry Heller has met several clients who didn’t know what bonds were, let alone the advantages of investing in them. If lack of knowledge is the issue, Larry is here to fill the gap.

In this episode, you’ll learn:

    • How bonds work as an investment vehicle

 

    • Different types of bonds and which ones might be suitable for you

 

    • The characteristics of bonds

 

    • How to purchase bonds

 

    • How to assess the potential for risk before purchasing a bond

 

    • The difference between taxable and tax-free bonds

 

    How and why you should use bonds

Tune in today to learn more about bonds, the underrated investment vehicle!

Resources: Heller Wealth Management

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Don’t Fall for These Common Misconceptions About Medicaid (Ep. 30)

Don’t Fall for These Common Misconceptions About Medicaid (Ep. 30)

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Do you know the difference between Medicare and Medicaid?

Today, Larry Heller breaks down common misconceptions with the help of Kevin Condon, a lawyer who specializes in elder law estate and long-term care planning.

To help listeners understand the inner workings of Medicaid, Larry and Kevin explain how it differs from Medicare. Then they clear up misconceptions they’ve both encountered with clients, including the belief that you can’t ever qualify for Medicaid if you have too many assets, or that your assets are protected from Medicaid in a revocable trust.

Kevin also outlines why it’s important to plan and protect your assets, even if you don’t think you need to plan for Medicaid. He also discusses the best age to start preparing.

Tune in today for an information-packed episode of helpful tips that will help you better prepare for your retirement.

Resources:

Heller Wealth Management | Grenier, Humes & Nolan, LLP | Kevin Condon: 631-694-2626 or kcondon@ghnlawgroup.com

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10 Ways You Can Improve Your Investment Experience (Ep. 29)

10 Ways You Can Improve Your Investment Experience (Ep. 29)

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Investing can feel stressful when it seems like people we know and media are constantly making predictions about the market. Who can you trust? What information is actually going to help you invest wisely?

Larry Heller is hoping to bring clarity to your investment experience in this episode. By tuning in, you’ll learn 10 guidelines, which includes resisting the urge to outguess the market and practicing smart diversification.

Join Larry as he shares valuable insight backed by scientific data, to help you invest with ease.

Heller Wealth Management – https://hellerwealthmanagement.com/

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Five Ways to Optimize Your Finances in the Middle of the Year (Ep. 27)

Five Ways to Optimize Your Finances in the Middle of the Year (Ep. 27)

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Have you checked up on your personal finances lately?

In this episode of the Retire Right Podcast, Larry Heller provides an in-depth look at the five financial areas to check at the mid-year mark. From making adjustments after a salary increase, to making the most of the new tax law, Larry covers everything you need to know to ensure your finances are working for you.

Listen now as Larry gives you complete financial advice to help you stay on track for 2018 and beyond.

Heller Wealth Management: https://hellerwealthmanagement.com

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Why Baby Boomers Need to Consider Life Care Management —with Guest, Dan Goldberg (Ep. 26)

Why Baby Boomers Need to Consider Life Care Management —with Guest, Dan Goldberg (Ep. 26)

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In this episode, Larry Heller speaks with Dan Goldberg to discuss what life care managers are and why you should consider hiring one.

Dan Goldberg is the president and managing director of IKOR of the North Shore Long Island, a life care management company for seniors and individuals with disabilities.

With our aging population, it’s more important than ever to consider how you will get the best care for our loved ones when they have special needs or medical issues.

Tune in as Larry and Dan discuss the role of a life care manager, housing options for older adults, along with common misconceptions around how Medicare works.

IKOR of North Shore Long Island | IKOR Global | Heller Wealth Management

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What Will You Do with Your Home During Retirement? (Ep. 23)

What Will You Do with Your Home During Retirement? (Ep. 23)

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Today, Larry Heller and Matt Halloran discuss housing and financial strategies for retirees. Since your house is a significant asset, it’s important to consider what you’d like to do with your home once you retire.

Will you stay in your home for a period of time or move right away? Will you convert your home equity line to a traditional mortgage? Which financing options are suitable for retirees who will carry a mortgage? These are only a few of the questions that Larry answers in this episode.

Join Larry as he expertly guides you through various options. Complete financial advice equals complete peace of mind.

Learn How to Retire Right with Complete Financial Advice at: Heller Wealth Management |