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

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

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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:

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

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

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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!

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

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

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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. 
The 100th Episode: Introducing Life Unlimited (Ep. 100)

The 100th Episode: Introducing Life Unlimited (Ep. 100)

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“We hit 100 and we’re not stopping!” – Larry Heller, CFP®

Larry has reached his 100th episode of the Retire Right podcast, a huge milestone in podcasting. During these episodes, Larry has provided his audience with all kinds of valuable information on various topics surrounding retirement. 

Now, we’re taking a moment to reflect on the podcast so far — and to break down the exciting news of the rebrand of the Retire Right podcast to the newly titled Life Unlimited. Find out what you can expect for the future of the podcast, as Larry looks back on how far he’s come!

Larry also discusses: 

  • What inspired the change from “Retire Right” to the “Life Unlimited” podcast
  • His favorite highlights and guests from previous episodes, including a professional organizer and a full-size model train enthusiast
  • How you can suggest topics and content ideas for the Life Unlimited podcast
  • Where you can expect to find the podcast — including video recordings
  • And so much more!

Resources: 

Connect With Larry Heller:

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Five Important Steps to Take Before Retiring (Ep. 99)

Five Important Steps to Take Before Retiring (Ep. 99)

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What are you going to do every day in retirement? As you think a little bit more about retirement, there are five important planning steps to keep in mind. 

In this episode, Larry Heller discusses each of the five steps to start planning for a well lived retirement. This episode will help you start visualizing your dream retirement and what it looks like for you!

Larry discusses: 

  • Visualizing your future life
  • Tax and legacy planning
  • How much money is enough money
  • The impacts of long-term illness
  • And much more!

Resources: 

Connect With Larry Heller:

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Year-End Planning Recommendations for Retirees (Ep. 98)

Year-End Planning Recommendations for Retirees (Ep. 98)

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If you still haven’t started your year-end planning yet, now is the time to start. Planning will help you keep more money in your pocket and less in the government’s pocket.

In this episode, Larry Heller shares year-end planning recommendations for retirees so you don’t miss any of these timely planning opportunities.

Larry discusses: 

  • Why retirees need to take their acquired minimum distributions
  • Ways you can save money from taxes 
  • Roth conversion and cash flow planning strategies 
  • Charitable contribution planning strategies 
  • And more

Connect With Larry Heller:

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10 Common Estate Planning Mistakes Made by Divorcees With Keren Birnbaum, Esq. (Ep. 97)

10 Common Estate Planning Mistakes Made by Divorcees With Keren Birnbaum, Esq. (Ep. 97)

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You don’t know what you don’t know. Whether you are contemplating divorce or are in the process, you want to protect yourself by having the proper communication and documentation.

In this episode, Larry Heller talks with Keren Birnbaum, Esq. a partner with Schwartz Ettenger, PLLC who focuses on estate planning, trust and estate administration, and elder law. Keren shares 10 common estate planning mistakes that divorcees need to be aware of to retire right.

Keren discusses: 

  • Repercussions of not having estate planning documents
  • The mistake of not updating your estate planning documents
  • Not updating beneficiary designations in your retirement accounts and insurance policies
  • Why it’s critical to educate yourself on the assets you own
  • And more

Connect With Keren G. Birnbaum, Esq:

Connect With Larry Heller:

About Our Guest:

Keren G. Birnbaum, Esq. is a Partner with Schwartz Ettenger, PLLC where she concentrates her practice in the areas of Estate Planning, Trust and Estate Administration and Elder Law. She has over 10 years of experience advising clients on how to protect themselves, their loved ones and their business in the event of death, incapacity or disability. 

Ms. Birnbaum earned her law degree at Hofstra University School of Law and her Bachelor’s Degree at Brandeis University. She is admitted to the New York State Bar, is a member of the New York State Bar Association, Queens County Bar Association, Brandeis Association, and is an active member of the Elder Law and Trusts and Estates Sections of the New York State Bar Association. Ms. Birnbaum has also lectured and published articles on various elder law and estate planning issues.

 

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What You Need to Know About Life Insurance With Neil Himmelstein (Ep. 96)

What You Need to Know About Life Insurance With Neil Himmelstein (Ep. 96)

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Life insurance should be customized to you and your needs. As such, your planning professional should provide you with multiple options for insurance that will fit your lifestyle and unique circumstances.

In this episode, Larry Heller interviews Neil Himmelstein, the owner of Main Street Planning Group. Neil reveals the value of customized life insurance and shares strategies and tips you can start using right away with your life insurance policy.

Neil discusses:

  • The reasons why people need life insurance
  • Identifying possible living benefits
  • The different types of permanent policies
  • Why it is important to review your policies
  • And more

Connect With Neil Himmelstein:

Connect With Larry Heller:

About Our Guest:

Neil Himmelstein, is an independent wholesaler of insurance products, life disability, fixed annuities and long-term care and strategic partner to advisors across the country. Neil has a graduate degree in economics from the university of Maryland and has done postgraduate studies. He is a proud recipient of the Rudy Stegman award for outstanding achievement in leadership in the industry by long island. Neil has been involved in case design and agency management for over 20 years, specializing in high net worth programs, such as premium finance and restricted property trust and finding solutions for clients with health impairment needs.

 

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HWM Strategies to Save Income Taxes on Your Investments (Ep. 95)

HWM Strategies to Save Income Taxes on Your Investments (Ep. 95)

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It’s not what you make but what you keep. Do you know that the taxes you pay on your investments can vary?

Well then, this episode is for you!

In this information-packed episode, Larry Heller discusses diversification, taxes, and different strategies you can use to maximize your return by minimizing your taxes. 

Larry discusses: 

  • What cost basis is and how to lower your capital gains tax
  • How to select the proper method for reducing taxes on your mutual funds
  • Why it’s helpful to know what tax bracket you’re in to save you money
  • Why not knowing about mutual fund distributions and turnover can lead to surprise taxes

Resources: 

Connect With Larry Heller:

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How Climate Change Can Impact Home Insurance with Paul Wickel (Ep. 94)

How Climate Change Can Impact Home Insurance with Paul Wickel (Ep. 94)

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These days, climate change is a big topic everyone is talking about. But do you know what is and isn’t covered under your home insurance policy?

In this episode, Larry Heller talks with Paul Wickel, a insurance producer at Remco Agency, about the different homeowner policies available and what you might be missing in your coverage to protect yourself from expensive claims.

Paul discusses: 

  • Who needs flood insurance––and what it does and does not cover
  • How to know if you have the insurance coverage for your climate
  • Ways insurance companies are helping homeowners
  • The common drawbacks for homeowners purchasing insurance
  • And more

Connect With Paul Wickel:

Connect With Larry Heller:

About Our Guest: 

Paul Wickel is an independent insurance broker with Remco Agency on Long Island. Paul holds a number of industry related achievements and degrees and has over 37 years experience serving individuals and small businesses in the tri-state area. Paul’s specialty is working with high net worth individuals.