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How can business owners keep their financial strategies effective for long-term success?

In this informative episode of Life Unlimited, host Larry Heller, CFP®, CDFA®, reveals the intricacies of corporate benefits and cash management tailored for business owners. Learn how regularly updating 401k plans, optimizing cash reserves, and leveraging professional networks can alter your business. Obtain actionable insights on attracting and retaining employees, maximizing tax advantages, and implementing successful financial planning strategies.

Key Points Covered:

• Enhancing employee retention and tax benefits by updating 401k plans
• Ensuring a robust, tax-advantaged retirement plan to provide the business significant savings while attracting and retaining top talent
• Simplifying employee investment decisions with model portfolios
• Optimizing cash management and utilizing high-yield strategies for better returns
• Saving additional funds through strategic cash balance plans
• Leveraging a network of experts for comprehensive business support
• Larry’s hands-on experience and credible advice for business owners
• And More!

Tune in to transform your business’s financial strategy and achieve long-term success.

 

Resources: 

► Services Triangle

► Our Approach 

• An Employer’s Guide to 401k Plans: A Four-Part Series (Part I) (Ep. 144)
• An Employer’s Guide to 401k Plans: A Four-Part Series (Part II) (Ep. 146)
• An Employer’s Guide to 401k Plans: A Four-Part Series (Part III) (Ep. 148)
• An Employer’s Guide to 401k Plans: A Four-Part Series (Part IV) [Ep. 150]
• Using a Cash Balance Plan to Save Large Pre-Tax Dollars with David Yackel (Ep.121)

Connect with Larry Heller: 

• (631) 248-3600
• Schedule a 20-Minute Call
• Heller Wealth Management
• LinkedIn: Larry Heller, CFP®, CDFA®, CPA
• YouTube: Life Unlimited with Larry Heller, CFP®

Podcast: Play in new window | Download | Embed

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Beyond managing your investments and portfolio, have you ever wondered what else financial advisors do?

Understanding the full scope of financial advisory services is essential to maximizing the benefits of your financial plan.

In this enlightening episode of Life Unlimited, host Larry Heller, CFP®, CDFA® explores the multifaceted role of financial advisors. He addresses common misconceptions and emphasizes that effective financial advising extends well beyond investment decisions.This episode provides a deep dive into how we create personalized financial plans for clients, addressing all aspects of their financial lives to ensure future preparedness. Tune in to learn how we can help you achieve financial security and peace of mind through our comprehensive financial planning and detailed strategies.

Key Points Covered:

• Larry’s dedication to educating clients and alleviating financial anxieties
• Clarifying the comprehensive role of financial advisors beyond just investments
• The critical importance of financial planning before making investment decisions
• Detailed financial planning processes: goals, time horizons, and financial needs
• Components of financial planning: cash flow analysis, risk management, tax planning, investment management, estate planning, and retirement planning
• Differentiating traditional investments (stocks, bonds, mutual funds) from alternative investments (private equity, private credit)
• The importance of regular financial monitoring to adapt to life changes
• Addressing client concerns: inheritances, safe retirement strategies, and account consolidation
• Highlighting the transparency of fee structures and the importance of fiduciary duty
• And More!

 

Resources:

► Services Triangle: https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:cfe5a4d5-2384-4a62-b76a-2921735e4cbf

► Our Approach: https://docs.google.com/document/d/1Qp3B-6EQsTptfRZT5792CIVvvo9yrXKrwBVLFZvJBj8/edit?usp=sharing

►  Is Your Portfolio Missing Out? With Alona Gornick [Ep. 143]: https://hellerwealthmanagement.com/is-your-portfolio-missing-out-the-rise-of-private-credit-with-alona-gornick-ep-143/

Connect with Larry Heller: 

• (631) 248-3600
• Schedule a 20-Minute Call
• Heller Wealth Management
• LinkedIn: Larry Heller, CFP®, CDFA®, CPA
• YouTube: Life Unlimited with Larry Heller, CFP®

00:00 Introduction to Life Unlimited Podcast

00:20 Reflecting on 150 Episodes

00:33 Understanding Financial Advisory Services

01:59 The Importance of Financial Planning

03:18 Diving into Investment Strategies

13:13 Exploring Alternative Investments

16:23 Who We Work With and Our Fee Structure

20:35 The Fiduciary Standard Explained

22:06 Conclusion and Contact Information