Tag Archives: Larry Heller


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 


Episode 61 – Sources of Financial Elder Abuse You Should Be Aware Of – With Jeff Haber

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. 


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



Episode 60 – What do the SECURE Act’s Biggest Changes Mean for You? — With Sal Albanese

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!


Heller Wealth Management | Salvatore Albanese and Company LLC


Episode 59 — Get to Know the Heller Wealth Management Team

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 


Episode 58 — Top 10 Financial Planning Tips for 2020

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


Episode 57 — Your Guide to Year-End Tax Planning — With Accountant, Scott Cheslowitz

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


Episode 56 — Elder Law is Really Elder Care — With Attorney Brian Tully

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.