Tag Archives: Retirement

2022 FEATURE

Navigating The Myriad of Tasks After The Loss of a Loved One with Ronnie Genser (Ep.113)



One of the last things you want to worry about when you lose a loved one are the numerous non-financial tasks after the loss of a loved one.

Unfortunately, this is the reality for a lot of people.

In this episode, Larry Heller invites Ronnie Genser, President at Bereavement Navigators, to discuss all you need to know when it comes to navigating the myriad of taxes after the loss of a loved one, especially a spouse.

Ronnie discusses: 

  • How the loss of a loved one impacted her career and finances
  • How to prepare for the loss of a spouse from a non-financial standpoint
  • What inspired her to found Bereavement Navigators, a company that helps widows and widowers navigate the myriad of non-legal and non-legal and non-financial aspects of losing a loved one
  • How to navigate Social Security for the deceased without the headache
  • And more

Resources: 

Connect With Ronnie Genser:

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About Our Guest:

Ronnie Gensers’ professional background includes over 20 years in international and domestic sales, marketing, training and consulting.

Unfortunately, Ronnie’s successful career path took an unexpected turn after the sudden death of her husband. The things Ronnie learned about what she needed to do after her husband’s death include how to organize the numerous and unexpected tasks and the resources she found and the tips she learned. She now shares her work as a Bereavement Navigator with widows, widowers, adult children, and other relatives who have lost loved ones.


2022 FEATURE

What You Need To Know About Retiring in a Recession (Ep.112)



If you’re thinking about retiring, but the recession has you worried, have no fear, with proper planning, you can make decisions that are right for you.

What types of things should you be reviewing with your financial advisor when the economy looks like it is headed into a recession?

In this episode, Larry Heller, CFP® discusses how you can make an educated decision when deciding whether your retirement plan is fit for the costs of a recession.

Larry discusses: 

  • The importance of knowing your retirement expenses prior to retiring
  • How to know if your retirement plan is compatible with a recession
  • The analysis you can do on your retirement plan to strengthen it against inflation
  • What you can do if you are forced to retire
  • And more

Resources: 

Connect With Larry Heller CFP®:

 


2022 FEATURE

Transitioning Into Retirement and Gaining a New Purpose with George Jerjian (Ep.110)



Entering retirement can feel like crossing the finish line of a marathon, however, that doesn’t mean the race is entirely over.

A large struggle people face when they enter retirement is establishing their new identity outside of the workplace and staying engaged with the things that give them purpose.

In this episode, mindset mentor George Jerjian, a formal financial advisor and a prolific author who recently released “Dare to Discover Your Purpose: Retire, Refire, Rewire,” discusses the reality of new retirees and offers solutions to help overcome the common struggles people face after the honeymoon phase of retirement is over.

George discusses: 

  • The moment that altered the course of his life forever
  • The concept of identity and how you can avoid struggling with it during retirement
  • Why wealthy people never fully “retire”
  • What the DARE program stands for and how it can help you in retirement
  • And more

Resources:

Connect With George Jerjian:

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About Our Guest:

As a formal financial advisor, George is on a mission to help retirees create a plan for their later years which is about much more than money for him. It is all about making a difference and helping those heading for retirement, creating a life of purpose, passion, and potential that reflects how we live today.

George has authored 11 books including his most recent release Dare to Discover Your Purpose. George works with clients across the world, from the UK, the US, Canada, as well as Australia and New Zealand.




2022 FEATURE

Common Errors To Avoid When Passing Money To Your Heirs Upon Death (Ep. 109)



Will your net worth be transferred to your heirs the way you intend it to? How do you know?  

 In this episode of Life Unlimited, Larry shares some real life stories of major mistakes he has seen with respect to a will, beneficiary or the titling of an asset. Listen in to hear some advice to make sure your estate planning wishes are kept up to date with your current family dynamic.

Larry discusses: 

  • Steps to take to ensure what you want happens after you pass away
  • How to properly distribute money to a minor child
  • Three areas to review to avoid common mistakes
  • The risks of having an outdated will
  • And more

Resources: 

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2022 FEATURE

Taking Financial Responsibility Before You’re a Widow or Widower (Ep. 108)



99% of people will become a widow or widower at some point in their life, so financial preparation will be helpful during this emotional time.

In this episode, Larry Heller guides you around ways to make financial planning easier during this major life transition by revealing key steps you’ll want to incorporate into your financial planning should you become widowed. Plus, he explains why financial discussions between spouses are important, especially in the later years of life.

Larry discusses:

  • Concepts to include in your financial plan for when you become a widow or widower
  • How tax situations may shift when one spouse becomes widowed
  • The potential shift in insurance coverage as a widow or widower
  • How editing a will after one partner has passed may be required
  • And more

Resources: 

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2022 FEATURE

Strategies For Living With Inflation (Ep.107)



Inflation is beyond our control. However, there are ways you can mitigate the effects of inflation — both now and in retirement.

Discover how in this episode, as Larry Heller, CFP®, highlights ways inflation affects our lives and the steps that you can take to protect yourself and your retirement against it.

Larry discusses: 

  • What to consider with both your planning and investing when it comes to inflation
  • The cash strategy of having two to three years of your expenses in cash
  • Investments to use as a hedge against inflation
  • How a “tax bracket creep” works
  • And more

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2022 FEATURE

How Getting Divorced After 50 Impacts Retirement Planning (Ep.105)



Getting divorced later in life can be more complicated than you may anticipate. Have you considered how your retirement plan will be impacted if you and your spouse separate?

In this episode, Larry Heller, CFP®, explains how divorce later on in life can impact your retirement planning, and what steps you can take when going through the divorce process. He also shares how you can gain more control over what happens to your investments and assets during a divorce.

Larry discusses: 

  • Why it is important to determine who is the non-financial spouse
  • Why your housing costs can have a significant impact on your retirement plan
  • Why it’s helpful to know what your living expenses and income is prior to divorce
  • The importance of knowing the rules of Social Security if you’re divorced
  • And more

Resources: 

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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:

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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

91. How Much Cash Should You Have in Retirement?



Whether you’re three years away from retirement or are in retirement now, many pre-retirees and retirees have the same question in mind: How much cash do I really need?

In this episode, Larry Heller reveals his answer to this question and shares what’s going to have a dramatic effect on your cash during your retirement planning. Plus, he discusses how to stay the course with your money so you can retire right.

Larry discusses: 

  • The importance of knowing your annual expenses
  • Why Cash in a low interest rate environment
  • The “Sleep Factor”
  • And more

Resources:

Connect With Larry Heller:


Do NOT USE

89. Determining the Optimal Investment Asset Allocation For Retirees



Asset allocation is one of the most important concepts for investors to grasp. 

That’s why one of the most-asked investment questions is, “How can we achieve optimal asset allocation, particularly during retirement?”

In this episode, Larry Heller addresses some of your questions and fears about asset allocation for retirees. He provides sound advice on your investments and walks you through some of the ways Heller Wealth Management can assist you in creating a portfolio that is tailored to your specific needs.

Larry Heller discusses: 

  • Why some of the most frequently used asset allocation rules should be avoided when constructing a portfolio
  • Three factors to consider when creating an optimal asset allocation portfolio
  • What a withdrawal is
  • How the Heller Wealth Management Reservoir Strategy works and how it may help you overcome panic selling and market fears 
  • And more

Resources: 

Connect With Larry Heller