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For Individuals and Your Family
It is never too late to start thinking about your personal financial objectives and strategizing a plan to achieve your financial goals. Whether it’s organizing your retirement assets to guarantee your own retirement security or reevaluating your insurance, we can help create a financial plan that meets your current needs while achieving your lifelong wealth goals. Call us to set up a free consultation or chat with us at a free workshop. We have helped others with:
Portfolio Management: We recognize that every investor is unique and our financial advisory services provide you with professional advice while ensuring you get a personalized investment strategy. Whether you're seeking a tailored, professionally managed portfolio, or the convenience and simplicity of a diversified mutual fund wrap program, let us help ensure your investment choice is geared towards meeting your financial goals. Our portfolio management services offer the same benefits as those had by institutional investors:
- Access to top-tier investment management professionals
- Tailored portfolios to meet specific investment needs
- Ownership of individual securities - allowing for significant flexibility in controlling tax exposure
- Ease of pre-designed mutual fund portfolios
We will ensure your investment plan considers current and future growth objectives, income needs, time horizon and risk tolerance. Call us to set up a complimentary consultation and we can start the process of developing your personalized portfolio management strategy. Retirement Planning: The amount you will need in retirement depends on several things: 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. Also, Social Security and employer-sponsored pension plans will probably provide less of what you will need than they did for your parents. Let us help organize all these factors while ensuring you maximize your retirement income. Several strategies we can discuss and implement in your retirement plan include:
- Selling a business or real estate property
- Prioritizing retirement goals and objectives
- Saving more or retire at a later age
- Spending less during retirement
- Investing while balancing risk and ROI.
- Maximizing contributions to qualified retirement plans or IRA’s
- Liquidation of non-cash assets
- Maximizing Social Security or Pension
Wealth Preservation and Estate Planning: With the uncertainty in Congress today, this is a key issue for many clients. To follow through on your commitments to yourself, your family and your values, you need to plan ahead. A personalized estate plan is important in helping to protect your family and your legacy. We can help construct a financial plan to address one or more of your estate planning needs:
- Transferring wealth from one generation to the next
- Minimizing income and estate taxes*
- Aligning existing portfolio and retirement accounts with your estate plan
Risk Management: Sometimes things happen that are unexpected and unplanned for. A sound financial plan must address the insurance coverages you, your spouse and family members may require to deal with life’s bigger surprises. Some coverages we can discuss:
- Life Insurance: It is most important for the death benefit protection it provides families and businesses. It may be used for living expenses for surviving family members and funeral expenses. It can also be used to cover estate taxes and probate fees to enable your estate to be liquidated in the most appropriate manner. Should your death benefit needs decrease the cash value accumulation may be accessed for outstanding debts, charitable donations and college funding needs°.
- Disability Income Insurance: It is vital in partially replacing income of persons who are unable to work because of sickness or accident. In terms of its financial effect on the family, long-term disability can be just as severe as death. Disability income protection can come from several sources: social insurance programs, employer-provided benefits, and individually purchased policies.
- Mortgage Protection Insurance: Just bought a new home? Is your life insurance adequate?
- Health Insurance: In this ever-changing environment, we coordinate with the top carriers for business and individual plans.
°Loans against your policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest. Charitable Gifting:
Charitable gifting strategies may be used as a means of distributing your estate, minimizing estate taxes upon death and maximizing net distributions to family, friends and charities. Sit down with us to discuss details on how we can implement one of more of the following strategies in your wealth preservation plan:
- Grantor Retained Trusts: allows you to remove appreciating property from your estate thus reducing estate taxes.
- Charitable Remainder Trusts: provides an income to you or any designated non-charitable beneficiaries with the remainder interest being transferred to a qualified charity at the end of the term.
- Charitable Lead Trusts: allows you to designate charities to receive an income stream during term of the trust. At the end of the term, the ultimate beneficiaries are your heirs.
Education Funding: Education planning for your children can be a major financial consideration. Planning early minimizes your savings requirement by allowing you to take advantage of the time value of money. We can help prioritize your education objectives with other current income needs like major purchases, insurance, and retirement. Come in and we can:
- Ensure college expenses are properly planned - including tuition, room and board and living expenses. Factor in an inflation rate for the rising cost of tuition. Consider planning for post-graduate studies. Account for potential scholarships and financial aid.
- Consider various education funding accounts: 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
- Develop an effective savings strategy that considers asset allocation and takes advantage of education plans.
*Neither Eagle Strategies LLC nor any of its affiliates provide legal, tax nor accounting advice. Please contact your own advisors for more information on your particular situation **Securities offered through NYLIFE Securities LLC (member FINRA/SIPC)
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