Due to high inflation rates, the ever-changing state of the markets, and many driving factors that have altered the economy, we want to help you save on taxes so that your money can stay safe in YOUR pockets.  In this episode, Larry Heller, CFP®, is joined by Matthew Taus, CPA, CFP®, to talk about strategies businesses, and individuals qualify for, and can use to help them save money on their income tax.  Listen as Matt and Larry discuss:  How businesses can benefit from a qualified business income deduction Not to forget to incorporate recent tax law changes to lower what you ..read more

The Stock Market is having a down year, and we want to help save you some money on your taxes! Enter, Tax Loss Harvesting. What is it? It’s an investment strategy that starts with the unrealized losses, and ends with money in your pocket.  In this episode, Larry Heller, CFP®, breaks down why and how you can make unrealized losses into realized losses to save money on income taxes.   Larry discusses:  The Tax Loss Harvesting Process Offsetting Taxable Gains with Losses What is a wash sale and why you must avoid Carry Forward Losses And more   Resources: Download a Free Cop ..read more

Despite common belief, prenuptial agreements are not just for the ultra rich. They can benefit anyone from any financial background.   In this episode, Larry Heller, CFP invites matrimonial attorney Sandra Radna, Esq to discuss prenuptial agreements and what benefits they serve to both individuals in a marriage.   Sandra also discusses how prenuptial agreements do not come as one-size-fits-all, and highlights how you can create an agreement that matches your wants and needs.   Sandra discusses:  How prenuptial agreements can protect you and your spouse during a marriage Wh ..read more

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 fo ..read more

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 r ..read more

You’ve done it. You’ve invested, saved, and properly allocated your money to live a fulfilling retirement. But now the economy has entered a bear market and you don’t have as much money as you thought. A bear market can cause you to make knee-jerk reactions that can affect your retirement plan.  In this episode, Larry Heller, CFP® discusses how to navigate a bear market and shares some strategies to use when going through a bear market in retirement. Larry discusses:  How to find out your risk tolerance in a bear market How you can review and rebalance your asset allocation during a ..read more

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 h ..read more

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 ..read more

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 ..read more

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 Connect With Larry Hel ..read more