Financial Planning – Page 3

Golf Tips to Help Older Adults Play Safely and Enjoy the Game –– With Bill Bresnan (Ep. 68)

By Life Unlimited | August 26, 2020

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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

The Business Case for Workplace Cultures of Accountability –– With Christine Ippolito (Ep. 67)

By Life Unlimited | August 17, 2020

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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

6 Savings Strategies for an Extremely Low-Yield Environment (Ep. 66)

By Life Unlimited | July 30, 2020

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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

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

By Life Unlimited | July 8, 2020

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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

5 Common Legal Issues That Affect Business Owners in NY State — With Lee Schwartz (Ep. 63)

By Life Unlimited | April 22, 2020

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If you own a business in New York State, there are five common legal issues you could easily run into if you’re unaware of certain state and federal laws.

Today, Larry Heller speaks with Lee Schwartz, the managing and founding partner of Schwartz Ettenger, PLLC, a business law firm located in Melville, New York. Together, they unpack the five most common legal issues that New York State business owners face: employee-related issues, owner-to-owner issues, real-estate issues, not having proper agreements in place, and the protection of intellectual property.

In this episode, you’ll learn:

The disadvantages of having independent contractors instead of employees
Whether business owners are legally required to pay interns
What responsibilities are set out in shareholder agreements and operating agreements
A cautionary tale about what can go wrong if you don’t have a buy-sell agreement
The number one question that most business owners can’t answer about their lease
And more!

Tune in now to learn the five common legal issues business owners face so that you can avoid them!

Resources: Heller Wealth Management | Schwartz Ettenger PLLC

SPECIAL UPDATE: COVID-19

By Life Unlimited | March 23, 2020

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In this special episode, we share updates on how we are responding to the COVID-19 situation, how we’re assisting our clients, and what actions we’re advising investors to take during this time of uncertainty.

Tune in now to learn how the markets are being affected and what we’re doing to help clients during this tumultuous time.

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

5 Ways to Plan for Health and Happiness While Aging Solo — With Joy Loverde (Ep. 62)

By Life Unlimited | March 16, 2020

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Baby boomers are the last generation of caregivers as we know it. Today’s children are raised to go out and pursue their interests, even if that means living far from home. If having kids doesn’t guarantee you a future caregiver, this begs the question: Who will take care of you when you’re old?

In this episode, Larry Heller is excited to be joined by Joy Loverde, a leading consultant in the mature-market industry and a trusted advisor in aging, caregiving, and elder care-related issues. Joy is also the author of the aptly titled book, “Who Will Take Care of Me When I’m Old?” Join Larry and Joy as they discuss five categories of her book that equip you to plan for a high quality of life later on, regardless of whether you’re aging with a close-by support system or on your own.

In this episode, you’ll learn:

Reasons why today’s children might not be available to act as caregivers
The difference between small thinking versus strategic thinking
Who Joy interviewed as she wrote her book
What to consider before you commit to aging in place
About alternatives to living in a facility or completely alone
And more!

Tune in now to discover what goes into planning for a financially secure and happy old age.

Resources:

Heller Wealth Management | Joy Loverde | Who Will Take Care of Me When I’m Old? by Joy Loverde

Sources of Financial Elder Abuse You Should Be Aware Of – With Jeff Haber (Ep. 61)

By Life Unlimited | March 4, 2020

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Would you know how to tell if your aging loved one is being financially abused? The signs aren’t always apparent — and neither are the abusers.

In this episode, Larry Heller explores this necessary topic with Jeffrey Haber, the co-founding partner of Freiberger Haber LLP. They talk about the subtle, and not so subtle, signs of financial abuse and what kinds of individuals are notorious for exploiting seniors. You will also discover what laws are in place to protect your loved ones and what actions you can take.

In this episode, you’ll learn:

The signs of senior financial exploitation
Which state and federal laws are designed to protect seniors from being financially exploited
What securities and banking regulators are doing to detect and prevent the financial exploitation of seniors
What friends and family can do to protect their loved ones
And more!

Join this conversation now to learn about the signs of financial abuse and what steps to take in order to protect your loved ones.

Resources:

Heller Wealth Management | Freiberger Haber LLP: (631) 282-8985 | jhaber@fhnylaw.com

What do the SECURE Act’s Biggest Changes Mean for You? — With Sal Albanese (Ep. 60)

By Life Unlimited | February 27, 2020

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The newly passed SECURE Act introduces a host of changes that will impact the majority of pre-retirees. Do you know what this new bill means for your retirement plan?

In this episode, Larry Heller unpacks the SECURE Act with Sal Albanese, the founder of a full-service CPA firm called Salvatore Albanese & Company LLC. Together, they walk you through what options the act has given and taken away from employers and employees.

In this episode, you’ll learn:

What changes have been made to safe harbor 401(k) plans
How the SECURE Act incentivizes employers to set up new pension plans for employees
Why the increased required minimum distribution (RMD) age presents more planning opportunities
What changes apply to heirs of IRAs — and what the exceptions are
Planning strategies to consider in response to the act’s most significant changes
And more!

Tune in now to learn about the SECURE Act’s biggest changes for pre-retirees and how they might affect you!

Resources:

Heller Wealth Management | Salvatore Albanese and Company LLC

Get to Know the Heller Wealth Management Team (Ep. 59)

By Life Unlimited | January 29, 2020

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Larry Heller is very proud of the team he’s built at Heller Wealth Management. Have you had a chance to meet the talented professionals who will help you retire right?

In this special episode, Larry Heller turns the mic over to his team. Meet wealth managers Greg Moss and Belinda Tsui, Joanna Grace in client services, and Megan Harding, administrative coordinator. They share what they do for clients, how their roles have evolved, their best piece of financial advice, and more!

In this episode, you’ll learn:

How Greg’s preoccupation with money as a kid launched him on the path to his career
Why Belinda believes that financial planning is important
About the invaluable skills that Joanna brings to the team
What piece of financial advice has become even more meaningful to Megan during her time at Heller Wealth Management
And more!

Tune in now to meet the talented team that can put you on the path to retiring right!

Resources: Heller Wealth Management