Tag Archives: Heller Wealth Mangement


Episode 71 – Things To Consider if You’re Offered an Early Retirement

Many people are being offered early retirement due to the global pandemic. But should you accept this offer?

In today’s episode, Larry Heller dives straight into the discussion about early retirement and factors to consider before you accept this, perhaps tempting, offer. He provides insightful and valuable information that will help you make a meaningful retirement decision.

In this episode, you will learn: 

  • What to consider when you are offered early retirement
  • About early retirement specifics and severance packages
  • The benefits of early retirement 
  • What will happen to your 401(k) plan if you retire early
  • What to know about social security and tax planning during early retirement 
  • And more!

Tune in now for complete advice on what to consider before retiring early! 

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


Episode 70 – Avoid Litigation: A Must-Have Strategy for Employers –– With Glenn J. Franklin

If you’ve laid off an employee that you weren’t entirely satisfied with, are you legally obligated to bring them back to work? 

Today, Larry Heller is joined by Glenn J. Franklin, managing partner of Franklin, Gringer & Cohen, P.C., to answer employment-law questions, like the one above, which are particularly relevant during COVID-19. 

Glenn gives expert advice on how employers can protect themselves against litigation. He also shares what employers need to know about the new New York State Sick Leave (NYSSL) law.

In this episode, you will learn:

  • The difference between a layoff, a furlough, and termination
  • Whether employees are entitled to unemployment insurance when laid off or terminated
  • Whether employers are legally obligated to bring laid off employees back to work
  • Why employers would spare themselves a lot of grief by following the golden rule
  • The new details on NYSSL
  • And more!

Tune in to learn what goes into a solid strategy that will help protect you from litigation.

Resources:  Heller Wealth Management: (631) 293-2806 | Franklin, Gringer & Cohen, P.C.: (516) 228-3131


Episode 69 – Should I Stop Contributing To My 401(k) During COVID-19? (and More Answers To Your 401(k) Questions)

Has your employer stopped matching 401(k) contributions during COVID-19? Do you wish you had more money for daily expenses?

If so, you might be wondering if you should stop contributing to your 401(k).

Today, Larry Heller explains why increasing your savings rate is one of the best ways to take back control during unsettling times. 

This episode is filled with advice to help you increase your contributions, focus on the long-term outcomes of contributing to your 401(k), and know whether it’s wise to withdraw early from your plan, even if the U.S. government is making it easy to do that during COVID-19. 

In this episode, you will learn:

  • Why you shouldn’t stop contributing to your 401(k)
  • Three ways to increase your contributions
  • How to know if you’re saving enough money in your 401(k) for retirement
  • What to look for when doing a portfolio check 
  • What to do with your 401(k) if you lose your job
  • What the downsides are of taking a hardship withdrawal
  • And more!

Tune in for complete advice on what to do with your 401(k)!

Resources:  Heller Wealth Management: (631) 293-2806 | Episode 35: Your Retirement Paycheck | Video: How To Decide If a Roth Conversion Is Right for This Year


Episode 68 – Golf Tips to Help Older Adults Play Safely and Enjoy the Game –– With Bill Bresnan

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 



Episode 67 – The Business Case for Workplace Cultures of Accountability –– With Christine Ippolito

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


Episode 66 – 6 Savings Strategies for an Extremely Low-Yield Environment

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


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

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 


Episode 63 – 5 Common Legal Issues That Affect Business Owners in NY State — With Lee Schwartz

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



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


Episode 62 – 5 Ways to Plan for Health and Happiness While Aging Solo — With Joy Loverde

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. 


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