Medical Professionals

Debt Paydown and Budgeting

You would not be where you are today if it were not for hard work and years of education. Unfortunately, your education probably came at a high price, in the form of student loans. We want to help you address your obligations in such a way that paying them off becomes a reality. Our financial strategies will help meet your objectives so that your career, not your debt, can be the center of your focus.

Asset Protection

Unexpected adverse events can happen at any time. Permanent life insurance provides death benefit protection, creditor protection in certain states, the ability to accumulate cash value and safeguard the transfer of policy proceeds to your beneficiaries such as your children and grandchildren. We can help you figure out which course of action is right for your specific situation and objectives.

Retirement Planning

Retirement planning is crucial if you’re a physician or medical professional and looking to maintain your lifestyle. We’re here to help you navigate all the moving parts including strategies to maximize your pension, plan for income taxes in retirement, investments, social security planning, Medicare planning, long term care, legacy planning, and more.

Education Planning

Planning for the education of your children can be overwhelming, especially when you have just finished paying off student loans of your own. Our team of professionals is prepared to work with you to take into account factors such as tuition growth, risks involved, taxes, and more, to create a plan best suited to the needs of both you and your children. Talk to us about education funding today.

We do not provide tax advice. Please consult your own advisors for tax advice.

Charitable Planning

Our professionals can help you with your charitable giving as a part of your financial strategy. If giving to a cause has been on your mind but you’re unsure of the best approach, consult with us today and we’ll help you make regular donations to a charity part of your personal financial strategy.

403b/401k Rollovers

When you leave a job or retire, you have a decision to make regarding your 403b/401k money. While leaving those assets in the former employer's plan is an option, a rollover can be a consideration. Working with your tax advisor, we can help you determine the right course of action for you. This may include: leaving the funds in your existing plan, if permitted, or rolling them into your new employer's plan, if one is available and rollovers are permitted. Each choice offers advantages and disadvantages, depending on your specific needs and retirement plan, such as the desired investment options and services, applicable fees, expenses, and withdrawal options, as well as required minimum distributions and tax treatment of applicable options.

Neither New York Life Insurance Company nor its agents offer tax advice.