Tag: Financial Planning

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

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

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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

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Elder Law is Really Elder Care — With Attorney Brian Tully (Ep. 56)

Elder Law is Really Elder Care — With Attorney Brian Tully (Ep. 56)

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Do you have a plan in place to care for your loved ones as they age? 

In this episode, Larry Heller is joined by Brian Tully, founder of Tully Law, P.C. and certified elder law attorney, to explain why elder law is really elder care. This discussion covers the extensive service that Brian Tully and his team offer our aging population, which goes beyond traditional estate planning by supporting clients and caregivers as needs shift with age. 

In this episode, you’ll learn:

  • An explanation of the “elder care continuum” 
  • What Tully Law, P.C. does to help people plan for care
  • The difference in health issues that are covered by Medicare versus long-term care
  • The number one tool for sheltering assets to become eligible for Medicaid
  • Whether there’s a difference in the quality of care for Medicaid recipients compared to private-pay recipients
  • And more!

Tune in now to learn about the level of protection and care Tully Law P.C. can offer your aging loved ones!

Resources:  Heller Wealth Management | Tully Law, P.C.

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How to Affect Positive Change in Your Relationships — With Donna Martini (Ep. 55)

How to Affect Positive Change in Your Relationships — With Donna Martini (Ep. 55)

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Did you know that humans are almost exclusively made up of water molecules? Considering that we exchange energy on a molecular level with people all the time, how can we stay centered, create our best energy, and use it to effect positive change?

In this episode, Larry Heller gets to the core of these questions with guest Donna Martini, a wellness activist, writer, coach, speaker, and cartoonist who educates the public about love, forgiveness, and everything wellness. This conversation is a must-listen for anyone who wants to use their energy to effect positive change in their interactions while harnessing their best mindset and emotional state. 

In this episode, you’ll learn:

  • The definition of “positive manipulation” and how it works
  • How to take ownership of your energy when you’re around people who are in a negative mood
  • About Donna’s new book, “Mighty Mantras,” and its unexpected mascot
  • An example of a mantra that you can use when feeling anxious
  • How workplace environments shift once people understand their potential to create change
  • And more!

Tune in now to learn how you can use your energy to create positive changes within yourself and others!

Resources:  Heller Wealth Management | MantraMouse | Contact Donna

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How I Stopped Working Full-Time to Follow My Photography Passion — With Marc Alter (Ep. 54)

How I Stopped Working Full-Time to Follow My Photography Passion — With Marc Alter (Ep. 54)

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Have you ever dreamed of taking an early retirement to follow one of your passions?

In this episode, Larry Heller is joined by Marc Alter, a client who is officially retired and now spends his days pursuing his passion for photography. This is a fun conversation in which Marc explains how he made the decision to stop working full-time and what advice he has for anyone who’s considering retiring to devote more time to their interests.

In this episode, you’ll learn:

  • Which type of photography Marc does
  • What percentage of his time is spent shooting versus editing
  • How Marc decided to stop working full-time
  • Which photographers he admires
  • And more!

Tune in now and get inspired to devote more time to your passion!

Resources: Heller Wealth Management | MFA Images

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Current Stock Market Valuation: Are You Worried? Here’s What to Do (Ep. 53)

Current Stock Market Valuation: Are You Worried? Here’s What to Do (Ep. 53)

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We’re hitting all-time highs in all of the indexes, which means the market’s valuations are high. As an investor, you might be asking yourself, “Where do I go from here?”

In this episode, Larry Heller talks about the urge many investors are having to get out of the market and “go back in after a correction”— a plan that has all the hallmarks of

trying to time the market. Listen to this timely conversation as Larry uncovers what you should know about the current state of the market and what to do when it eventually drops. 

In this episode, you’ll learn:

  • Why investors think they should try timing the market
  • Whether investment advisors can truly predict the market
  • Ways investors are impacted emotionally by the market’s ups and downs 
  • Eight actions to take during this current market valuation
  • Four things to do when the market eventually drops
  • And more!

Tune in now to discover what to do (and not do) during this current stock market valuation!

Resources:  Heller Wealth Management  

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Municipal Bonds: How, When, and Why to Use Them in Your Investment Portfolio — With Jason Stuck of Northern Capital (Ep. 52)

Municipal Bonds: How, When, and Why to Use Them in Your Investment Portfolio — With Jason Stuck of Northern Capital (Ep. 52)

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The Fed Reserve recently lowered interest rates, making now a good time to gain a better understanding of municipal bonds and how interest rates affect these types of investments.

Today, Jason Stuck is here to expound on this often-misunderstood type of bond. As the managing director and head of portfolio management at Northern Capital, Jason brings a high level of expertise to this episode as he and Larry answer the top questions about municipal bonds and explain what the yield curve means for investors.

In this episode, you’ll learn:

  • Bond basics, like the difference between the coupon rate and the yield to maturity
  • What a call feature is and why it’s important to know if your bond has one
  • What premium bonds are
  • What the yield curve inversion is and why it matters to investors
  • How a bond ladder compares to other strategies in portfolio construction
  • And more!

Tune in now to get an education on municipal bonds in under 30 minutes!

Resources:  Heller Wealth Management 

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Here’s What You Need to Know About Your Credit in Retirement — With Guest, Leslie H. Tayne (Ep. 51)

Here’s What You Need to Know About Your Credit in Retirement — With Guest, Leslie H. Tayne (Ep. 51)

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During your retirement, you might want to obtain different types of financial products that require credit. Because of this, it’s important to maintain and manage your credit throughout your retirement.

Here to walk you through the importance of credit during retirement is Leslie H. Tayne, an award-winning financial attorney with over 20 years of experience in consumer and business financial debt solutions. Leslie is also the founder and managing director of Tayne Law Group, P.C., a law firm headquartered in New York. In this episode, Larry and Leslie discuss everything from maintaining good credit during retirement, to how often retirees should check their credit score.

In this episode, you’ll learn:

  • Why credit is important in retirement
  • Whether being retired damages your credit score
  • Which money moves can affect your credit rating in retirement
  • Ways to keep your credit in shape once you retire
  • Top tips on how to best use credit cards in retirement
  • And more!

Tune in now to learn everything you need to know about your credit during retirement!

Resources: Heller Wealth Management | Tayne Law Group, P.C.: 631-470-8204 | info@taynelaw.com

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Looking Back: Celebrating 50 Episodes of the Retire Right Podcast! (Ep. 50)

Looking Back: Celebrating 50 Episodes of the Retire Right Podcast! (Ep. 50)

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Fifty of anything is an amazing milestone to reach, isn’t it? We believe that hitting episode 50 of our Retire Right Podcast calls for a celebration!

In this episode, Larry Heller reminisces as he shares his most memorable moments over the past 2+ years of hosting the Retire Right Podcast. We guarantee that this feel-good conversation will have you checking out and revisiting previous episodes!

In this episode, you’ll learn:

  • About the personal journey that Larry has taken to reach this point in his career
  • Which episodes are Larry’s favorites (you might be surprised!) 
  • What he enjoys most about growing Heller Wealth Management
  • And so much more!

Tune in to celebrate the 50th-episode milestone with Larry Heller, CFP® and the Heller Wealth Management team!

Resources:  Heller Wealth Management | Retire Right Book

 

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401(k) Plans: What You Need to Know About a Third Party Administrator (TPA) — With Doug Hoefer (Ep. 49)

401(k) Plans: What You Need to Know About a Third Party Administrator (TPA) — With Doug Hoefer (Ep. 49)

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As a business owner, do you understand the core elements of your company’s retirement plan and what a third-party administrator (TPA) can bring to the table?

Today’s guest, Doug Hoefer, is here to answer your questions. Doug has over 20 years of experience in the retirement planning industry and has worked with Larry on several 401(k)s. In this episode, Doug makes sense of TPAs, including what they do and how they bring value to the retirement planning process.

In this episode, you’ll learn:

  • What the function of a TPA is
  • The certification a TPA can obtain
  • The differences between bundled service providers and unbundled service providers
  • How TPAs provide value when designing plans 
  • The responsibilities of plan sponsors
  • And more!

Tune in now to learn all about TPAs and how they can enhance your company’s retirement planning!

Resources:  Heller Wealth Management | DWC The 401k Experts: (651) 204-2600

 

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Investing with Dimensional Fund Advisors: Who They Are and Why They Are Unique (Ep. 48)

Investing with Dimensional Fund Advisors: Who They Are and Why They Are Unique (Ep. 48)

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In today’s episode, Larry Heller speaks with Philipp Meyer-Brauns of Dimensional Funds Advisors. As a senior researcher, Philipp conducts empirical asset pricing research, and today, he’s joining Larry to unpack what exactly Dimensional Fund Advisors is all about and why their trading style is so unique.

In this episode, you’ll learn:

  • The origin of Dimensional Fund Advisors
  • What differentiates Dimensional Fund Advisors and how they manage funds
  • The three-factor model and how it works
  • How their investment philosophy differs from active and passive managers
  • The other types of trading strategies Dimensional Fund Advisors uses
  • And more!

Tune in now to learn all about Dimensional Fund Advisors and their unique trading style! 

Resources:  Heller Wealth Management |  Dimensional Fund Advisors