7 Costly Financial Planning Mistakes You’re Making (And How to Avoid Them!) [Ep. 167]

How well do you truly know your tax bracket? Did you know that not knowing enough could cost you thousands?

Get ready to learn some critical financial planning mistakes that might secretly derail your financial security.

This week on the Life Unlimited podcast, Larry Heller identifies the seven most common financial mistakes people make and how to avoid them—such as lacking knowledge about their tax bracket and neglecting estate planning updates. 

Key conversations include:

• Understanding Your Tax Bracket: Learn why knowing your tax bracket is essential for maximizing opportunities like Roth conversions and minimizing overpayments.
• Zero Capital Gain Brackets: Discover how to take advantage of tax-free gains to grow your wealth.
• Investment Pitfalls: Avoid the dangers of chasing past investment performance and align your strategy with your goals.
• Estate Planning Essentials: Ensure your estate planning documents are up to date and reflect life’s changes.
• Liability Insurance: Protect yourself and your family with adequate coverage, including an umbrella policy for uninsured motorist protection.
• Heir and Spouse Preparedness: Steps to prepare your loved ones, including non-financial spouses, for managing wealth.
• Spending and Withdrawal Strategies in Retirement: Avoid overspending while ensuring your savings last throughout your lifetime.

Actionable Takeaway: Through practical examples and insightful advice, Larry highlights the importance of staying informed and proactive with your finances. 

Connect with Larry Heller: 

• (631) 248-3600
• Schedule a 20-minute Call
• Heller Wealth Management
• LinkedIn: Larry Heller, CFP®, CDFA®, CPA
• YouTube: Life Unlimited with Larry Heller, CFP®