FAQs About Larry Sprung, CFP®, CEPA®

Are you working hard, saving, and still wondering if it’s all adding up to the life you want?

You’re not alone.

Many families feel uncertain about their financial future even when they’re doing everything “right.”

That’s why Larry Sprung, CFP®, CEPA® Wealth Advisor and founder of Mitlin Financial, starts by asking:

What did you do today that brought you joy?®

This question is a moment to reflect on what truly matters because believes your financial plan should be built around those JOYful moments, so your money becomes a tool to support the life you want to live.

We’ve compiled some of the most common questions families ask about working with Larry, to help you learn more about how purpose-driven planning can support your values, dreams, and ideal version of tomorrow.

Who is Larry Sprung and what does he do?

Lawrence “Larry” Sprung is more than a financial advisor he’s a husband, father, entrepreneur, mental health advocate, author, and the Founder of Mitlin Financial Inc.

His mission is simple: to help families enJOY their lives without financial shame or confusion. Through personalized planning and JOYful guidance, Larry empowers the people he serves to align their money with what truly matters.

Why Larry Sprung lead with JOY and what does that mean for my financial plan?

Because your life isn’t built in spreadsheets; it’s built in moments, memories, and meaning.  JOY is the starting point for everything that truly matters and that’s exactly where Larry Sprung begins.

He takes the time to understand what brings you JOY, who and what you’re building your life around, so your financial plan becomes more than a strategy. It becomes a personalized roadmap, built to support your values, fund your dreams, and guide you toward your ideal version of tomorrow.

JOY is the compass Larry uses to align your money with your purpose. When you lead with it, every financial decision becomes more intentional, more fulfilling, and more deeply connected to the life you want to live.

That’s what makes planning with Larry different and why families feel confident, empowered, and excited about their future.

What makes Mitlin Financial different from other financial firms?

At Mitlin Financial, families aren’t numbers they’re people with dreams, values, and legacies.

Larry founded the firm in honor of his mom and his wife’s grandfather, and that legacy of love and purpose lives in every conversation.

We take the time to learn what brings you JOY, what matters most to your family, and how we can help you get there. It’s not about fitting into a mold, it’s about building a plan that reflects who you are and supports the life you’re creating.

At Mitlin, financial planning is about helping you fund your ideal version of tomorrow while enJOYing the journey.

Can working with a financial advisor like Larry Sprung help reduce money stress?

Yes. A major source of financial stress is uncertainty, not knowing where you stand or what to do next.

Larry Sprung helps families feel more confident by taking the time to understand what brings them JOY, what the money is truly for, and how to design a plan around that vision.

He becomes a trusted partner, someone you can turn to for meaningful conversations and sound guidance.

According to Fidelity’s 2021 study, people who work with a financial advisor feel more confident, make smarter choices, and experience less stress. At Mitlin Financial, financial planning is about funding your JOY, not number on a spreadsheet.

Is Larry Sprung a good financial advisor for small business owners and entrepreneurs on Long Island?

Absolutely.

As an entrepreneur who build his business on Long Island, Larry understands the passion, persistence, and purpose it takes to build something meaningful. He knows the juggle between growing your business while being present for your family…and that true success means both.

Larry is also a Certified Exit Planning Advisor® (CEPA), a designation that equips him to help business owners grow with intention, protect what they have built, and plan for a transition  that aligns with their ideal version of tomorrow.

At Mitlin Financial, we help business owners create a financial plan that supports their vision and fuels the life they want to live.

It’s not just about the numbers, it’s about finding balance, enJOYing the journey, and building something that leads to your ideal version of tomorrow.

When should I start planning my business exit?

Larry Sprung encourages business owners to start planning their exit sooner than they think, ideally three to five years before the transition, or even earlier.

Why?

Because according to the Exit Planning Institute, 76% indicated feeling profound regret one year after the exit

A successful exit isn’t just about a strong valuation, it’s about creating a life you can enJOY after the business.

Larry helps entrepreneurs align their business exit with their personal goals, prepare their team, and design a financial strategy that supports the next chapter with purpose and freedom.

The earlier you start, the more flexibility, leverage, and joy you’ll have when the time comes to make your move.

With Larry by your side, your exit becomes more than a transaction, it becomes a launchpad for the life you’ve been building toward.

What’s the biggest mistake business owners make when exiting their company?

Waiting too long to plan. As a business owner, you’ve poured your heart into building something meaningful but the exit deserves just as much intention.

Too often, people focus solely on the financials and overlook the emotional side:

What will bring you joy?

How will you fill your days?

What’s your next chapter really about?

As a Certified Exit Planning Advisor® (CEPA), Larry helps business owners craft a transition that’s financially sound and personally fulfilling. A thoughtful plan protects your legacy, honors the years you’ve invested, and creates space for the life you want after the business.

As tech entrepreneur Adam Rossi shared, even a multi-million dollar exit can feel empty without purpose. Larry’s approach ensures your transition leads to something more something joyful, meaningful, and fully your own.

Is Larry Sprung a financial advisor who works with authors and creatives?

Yes, Mitlin Financial is uniquely positioned to serve authors, speakers, and creatives as they grow.

He leads with JOY and builds a plan as thoughtful as the stories they craft. Larry understands the uneven income, big bursts of success, and emotional connection to your work.

The Mitlin team helps creatives turn passion into financial stability, so they can focus on what they love while knowing their future is in good hands.

How can Larry Sprung help me save on taxes through smart planning?

Larry Sprung takes a proactive approach to tax planning by looking at the full picture of your financial life your goals, values, and the dreams you’re working toward.

He works closely with your tax professionals to uncover opportunities that align with your vision, from investment strategies to business planning and legacy gifting.

By being intentional year-round, Larry helps families keep more of what they’ve earned so they can fund the moments, memories, and milestones that bring them joy.

How can I lower my tax bill after a big income jump?

A jump in income is a sign that something’s going right and it’s the perfect time to be intentional. Larry helps families turn those high-earning years into high-impact planning opportunities.

By looking ahead, you may be able to fund your future through retirement contributions, support causes you care about with charitable giving, or use strategies like bunching deductions or donor-advised funds.

The key is acting early.

With thoughtful, proactive tax planning, you can keep more of what you’ve earned and use it to support the life and legacy you’re building with joy.

Can Larry Sprung help both spouses feel confident about their finances?

Yes and it’s a core part of how Larry serves families. At Mitlin Financial, both partners are encouraged to be part of the conversation.

We believe true financial planning starts when everyone feels heard, when both partners are engaged, aligned, and excited about their future.

Larry guides couples to uncover what brings them JOY, individually and as a team and helps them get on the same page about what their wealth is truly for.

From there, we work backward to design a plan that supports your ideal version of tomorrow. It’s about shared values, open conversations, and building a joyful life together.

I want to leave a legacy for my kids where do I start?

Larry Sprung believes legacy starts long before the money is transferred it begins with the values you live, the lessons you share, and the dreams you want to fund for the next generation. He helps families take that vision and turn it into a thoughtful, actionable plan.

With Larry’s guidance, you’ll start by having meaningful conversations, getting the right legal documents in place, and aligning your financial strategy with the life and legacy you want to build.

Mitlin’s Multigenerational Family Wealth Guide goes deeper into the benefits and challenges of passing down wealth and how to avoid the “third-generation” curse by prioritizing shared family values and smart tax planning.

With Larry, your legacy becomes more than a transfer of assets, it becomes a living, JOYful expression of who you are and what you stand for.

Where is Mitlin Financial located and who do they serve?

Mitlin Financial is based in Hauppauge, New York, and proudly serves families across the country.

Larry Sprung build his firm and raised his family on Long Island, but his impact is national.

Thanks to virtual planning, families across the country partner with Larry to lead with JOY, define what matters most, and build a plan to fund the dreams that bring their lives to life no matter where the US they call home.

Are there reviews or ratings for Larry Sprung and Mitlin Financial?

Yes! Mitlin Financial has received many reviews on Google from families who appreciate Larry’s clarity, care, and JOY-centered approach.

The firm has also been recognized by Wealthtender for outstanding service. See for yourself why so many say working with Larry changed their life.

How do I get started?

It starts with a simple discovery call, no pressure, no sales tactics.

Just a chance to connect, share what brings you JOY, explore your goals, and see if there’s a fit. Larry believes in building trust first, and he’d love to hear what brings you JOY.

Schedule your free, no-obligation discovery call with the Mitlin Team

Book Your Intro Call

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