Tag Archives: Planning

2022 FEATURE

Preparing for Retirement Through a Non-Financial Lens with Reid Stone (Ep. 104)



Retirement is a huge milestone that you’ve spent your life saving for. But have you planned for what your retirement will actually look like, from a non-financial perspective?

If you ask someone, “what are you going to do in retirement?”, you may find that a lot of people can’t tell you.

In this episode, Larry Heller, CFP®, welcomes Reid Stone, founder and chief executive officer of My Life’s Encore (MLE) to discuss how retirement coaches can be your guide to preparing for the non-financial side of retirement. He challenges you to think about the time spent planning for retirement as an investment that generates future returns.

Reid discusses: 

  • Why it is important to plan for the non-financial aspects of retirement – in the physical, mental, social, and spiritual terms
  • Why retirement is changing and how a retirement coach can be valuable when you are planning for retirement
  • How non-financial planning connects to financial planning to create a more successful and happy retirement
  • How and when to find a retirement coach right for you
  • And more

Resources: 

Connect With Reid Stone:

Connect With Larry Heller:

About Our Guest:

Being part of the financial advisory industry for 20+ years, I noticed that clients are focused on the financial side of retirement but are often unprepared for the non-financial aspects of retirement (The Other Side of Retirement) that include the mental, emotional, social, physical, and spiritual.

My Life’s Encore was originally created to educate advisors, HR professionals, and the general public about the importance of planning for the non-financial aspects of retirement. I believe that education and guidance are the keys to a more successful retirement.

My focus is helping financial services companies educate clients and implement non-financial retirement planning to help clients and also benefit their firm. You can learn more about the changing face of retirement at MyLifesEncore.com. My white paper, The Strategic Value of Helping Clients Plan Their Ideal Retirement Lifestyle- Planning for the Non-Financial Aspects of Longevity In An Age of Longevity, is available for download from my website (under Resources).

In previous roles I led financial advisory firm operations. I enjoyed strategically growing and developing the businesses by continuously improving both operational efficiency and the client experience. Areas of leadership include project management, investment operations, investment performance reporting, technology integrations, compliance, hiring, training, and EOS (from the book Traction).

Outside of the office I enjoy anything that keeps me active- bicycling, kayaking, walking, longboarding- as well as following the local sports teams and reading.

 


Do NOT USE

96. What You Need to Know About Life Insurance With Neil Himmelstein



Life insurance should be customized to you and your needs. As such, your planning professional should provide you with multiple options for insurance that will fit your lifestyle and unique circumstances.

In this episode, Larry Heller interviews Neil Himmelstein, the owner of Main Street Planning Group. Neil reveals the value of customized life insurance and shares strategies and tips you can start using right away with your life insurance policy.

Neil discusses:

  • The reasons why people need life insurance
  • Identifying possible living benefits
  • The different types of permanent policies
  • Why it is important to review your policies
  • And more

Connect With Neil Himmelstein:

Connect With Larry Heller:

About Our Guest:

Neil Himmelstein, is an independent wholesaler of insurance products, life disability, fixed annuities and long-term care and strategic partner to advisors across the country. Neil has a graduate degree in economics from the university of Maryland and has done postgraduate studies. He is a proud recipient of the Rudy Stegman award for outstanding achievement in leadership in the industry by long island. Neil has been involved in case design and agency management for over 20 years, specializing in high net worth programs, such as premium finance and restricted property trust and finding solutions for clients with health impairment needs.

 


Do NOT USE

Episode 84 – Five Common Mistakes to Avoid When Planning for Retirement



Many retirees underestimate the risks associated with their investments and financial plans, which can result in costly mistakes that could have easily been avoided if they had adequately planned for retirement.

To help you avoid making common retirement planning mistakes, in this episode, Larry Heller, CFP® reveals five key planning mistakes and shares tips for avoiding them so that you can Retire Right!

You will learn:  

  • How effective planning prepares you for retirement success 
  • Why you shouldn’t underestimate your investing risks
  • The importance of updating your documents and plans
  • And more! 

 Listen in to discover the five retirement mistakes you should avoid while preparing for retirement!

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