Our expertise includes:
Personal and Family Financial Planning
Sustainable Investments (ESG)
Income Tax Reduction Strategies
Estate and Legacy Planning
Intergenerational Wealth Transfer
Special Needs Planning
Qualified Retirement Planning including 401(k) plans, IRAs, SEP
Employee personal planning
Business Continuation and Succession planning
The solutions we recommend and the strategies you decide to implement will depend on your personal circumstances and objectives. Here are some details about some of the strategies listed above.
The amount of money you will need in retirement depends upon a number of variables, including the age you plan to retire, your desired retirement lifestyle, how long you expect to live, and the rate of return that you expect to earn on your investments.
Social Security and employer-sponsored pension plans will likely provide a smaller percentage of your retirement income than they provided for your parents' retirement income. By using your money more efficiently, we hope to improve the quality of your retirement.
We can help you determine which strategies make the most sense given your retirement objectives.
Income Annuities: If you're preparing for retirement and concerned about a stable source of income in retirement, you may a consider guaranteed income annuity1. You can select an immediate annuity which starts paying income right away (usually within 12 months), or a deferred income annuity which allows you to put money away now for lifetime income payments that start when you need them in the future2. Either way, you can rest easy knowing you'll always have a steady income stream when you need it most.
1 Guarantees are backed by the claims paying ability of the issuer.
2 Early withdrawals may incur charges. In addition to paying income taxes that may be due, distributions from annuities before 59 ½ may also be subject to a 10% federal tax penalty.
In today's challenging investment environment, there are no simple solutions. Success is achieved through a well-conceived investment strategy.
However, with over 22,000 entities that can call themselves money managers and over 10,000 mutual funds to choose from, creating an effective strategy can be a labor-intensive, time-consuming process. Through our relationships with independent, top-tier investment firms, we can help simplify the process.Through our various investment programs—ranging from separately-managed portfolios of stocks and bonds to mutual fund accounts—we can personalize your investment portfolio.
Investments#: We offer products and services to help you develop a sound, long-term investment strategy. You can choose from over 2,500 mutual funds, self-directed, tax-deferred Individual Retirement Accounts (IRAs) and 529 college savings plans. We also offer products to fund employer-sponsored retirement plans for companies of all sizes, ranging from SIMPLE IRAs to full-service defined contribution and defined benefit plans.
ESG Investing: Aligning where you invest your money with your values may be important to you. We have options for including at Environment, Social, and Governance criteria in your investment portfolio.
# Securities products and services are offered by properly licensed registered representatives through NYLIFE Securities LLC (MemberFINRA/SIPC), a Licensed Insurance Agency and a New York Life Company.
A sound financial plan must address the insurance coverages you, your spouse, and family members may require.
Life Insurance: A life insurance policy is an effective way to protect your family's lifestyle and future, and we offer several different types of life insurance that can be tailored to your unique needs. Some provide temporary protection for shorter-term needs, while others are best for long-term or permanent protection. Permanent life insurance policies can even provide a cash value that may grow tax-deferred over time. Your cash value can be accessed to help supplement your retirement income when your protection needs decrease later in life, or for any other major life event need such as paying for a child's college expenses*. Explore the versatility of life insurance and what it can do for you and your loved ones.
* Accessing cash value will reduce the available cash surrender value and death benefit of the policy.
Long-term Care Insurance: Going through life may require a little help along the way. So if you're planning ahead, long-term care insurance may help protect you or a family member's future and help preserve the assets you've worked so hard to build. Click here to learn more.
Individual Disability Insurance: Your ability to earn an income is probably your most valuable asset. A foundation of any sound financial strategy is having protection of a portion of the income that might be lost if an injury or sickness prevented you from working. Click here to learn more.
Education planning for your children can be a major financial consideration, so planning early allows you to take advantage of the time value of money and help minimize the savings requirement.
You should consider one or more of the following strategies when trying to maximize your college planning:
Prioritizing your education objective with your insurance needs, retirement needs, major purchases, and current income needs
Developing an effective savings strategy that considers asset allocation and takes advantage of education plans
Considering the various education funding options -- Financial Aid, loans, Qualified State Tuition Plans (also known as 529 Plans), Uniform Transfer to Minor Accounts (UTMA) / Uniform Gifts to Minor Accounts (UGMA), Coverdell Educational savings accounts, and prepaid tuition plans
Ensuring college expenses are realistically calculated and include tuition, room and board, and living expenses. There are many factors to consider such as the inflation rate for the rising cost of tuition, whether your child will attend post-graduate studies, and whether your child is likely to receive scholarships or financial aid.
What you value may be more important than what you own. To follow through on your commitments -- to yourself, your family, and your ideals -- you need to think ahead. A personalized estate plan is important in helping to protect your family and your legacy.
A well-constructed strategy can help address your specific estate planning needs including:
Minimizing income and estate taxes
Transferring wealth from one generation to the next
Developing charitable gifting strategies
Aligning existing portfolios and retirement accounts with your estate plan
As an Eagle Strategies Financial Adviser and a Member Agent of The Nautilus Group, I have access to a premier planning team with expertise in law, taxation, accounting, business, insurance, finance and philanthropic planning— who can assist you with your business and estate planning needs. Together, we can develop a plan and work with your team of professionals to make sure that your planning does what you want it to do.
Neither New York Life nor Eagle Strategies or any of their representatives provides specific legal or tax advice.
As a Chartered Advisor in Philanthropy®, Scott brings a specialized set of skills and knowledge to your charitable goals. There are many strategies to help you combine your plans for yourself with your philanthropic aspirations, and we are here to help.
For most small business owners, their business lives and personal lives are inseparable. The financial planning process helps business owners manage both business and personal concerns so that they can achieve their goals and dreams.A personalized financial plan can help you, the small business owner, address concerns such as:
Protecting your business assets
Ensuring the continuation and succession of your business
Promoting, recruiting, retaining, and rewarding your key employees
Maximizing your compensation benefits
Ensuring your beneficiaries are treated fairly