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.
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
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.
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.
Steps to take to ensure what you want happens after you pass away
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.
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
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.
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
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.
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
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.
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.
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
Approximately 15% of people behind the wheel don’t have any automobile insurance coverage.
What happens if you’re injured by one of those people?
Find out in this episode, as Larry Heller speaks with Brian Murphy of Rappaport, Glass, Levine & Zullo LLP. As a personal injury trial attorney, Brian represents individuals all over the New York Metropolitan area who have been catastrophically injured due to the negligence of others. Brian shares real-life accidents and educates you on the value of supplementary uninsured motorist (SUM) coverage.
You will learn:
The most important aspects of auto insurance policies
Real-life situations where SUM coverage can be used
How to find out what your SUM coverage is and how much it costs
Whether SUM coverage is covered under your umbrella policy
About no-fault auto coverage
Listen now to learn about supplement uninsured motorist coverage and how it can protect you!