Financial Planning – Page 4

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

Top 10 Financial Planning Tips for 2020 (Ep. 58)

By Life Unlimited | January 15, 2020

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There’s no better time than the start of a new year to learn top financial tips. This is the time when many are not only setting goals for the year, but you also have the entire year to implement them!

In this episode, Larry Heller walks you through his top 10 financial planning tips for 2020. This is a highly practical and tip-filled episode that will have you taking notes and feeling prepared to boost your planning strategies and savings this year.

In this episode, you’ll learn:

Recommendations for apps and software that can help you to budget and save
Ideas for making automatic contributions to your savings account
Why Larry believes that contributing to 401(k)s, profit-sharing plans, and IRAs are the best ways of saving for retirement
How much you can now contribute to a 401(k) if you’re over 50
And more!

Tune in now to learn Larry’s top 10 financial planning tips for 2020!

Resources: Heller Wealth Management | Episode 51: Here’s What You Need to Know About Your Credit in Retirement — With Guest, Leslie H. Tayne

Your Guide to Year-End Tax Planning — With Accountant, Scott Cheslowitz (Ep. 57)

By Life Unlimited | December 17, 2019

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December may be coming to a close, but it’s not too late to implement some year-end tax planning strategies.

In this episode, Larry Heller speaks with Scott Cheslowitz, a CPA and partner of Rothenberg & Peters, PLLC, who works with closely held entities, estates, and high-net-worth individuals. In this timely conversation, Scott shares year-end tax planning tips that everyone should be aware of as we enter 2020.

In this episode, you’ll learn:

A strategy for using charitable contributions to lower your income taxes
How to do a tax projection and why Scott recommends it
At what age to start taking your Required Minimum Distributions and whether there are any exceptions
Tax advantages to investing in Qualified Opportunity Zone Funds
And more!

Tune in now to learn some year-end tax planning strategies that you can use right away!

Resources: Heller Wealth Management | Scott Cheslowitz’s Email: (516) 773-3200