Owen Wealth & Retirement Strategies is a financial services firm that understands physicians face many challenges in establishing financial security. Educational requirements and student loans often delay their ability to generate income and savings, while constant patient care and the need for continuing education demand their full attention. Add all of those traditional issues to the changes from the government and other regulatory bodies and corporations, it is has become increasingly difficult to manage your own finances and try to sleep well at night.

That’s where we come in. Our strategy in wealth planning for physicians is based on understanding our clients’ needs and customizing a strategy to help achieve their financial goals and objectives. Perhaps creating more ease in running the day to day of your personal and professional life.

We offer integrated financial planning designed exclusively for doctors. Our team of dedicated and knowledgeable financial professionals, along with our trusted relationships with professionals from other arenas, can help formulate your financial plan, taking into account everything from asset protection and risk management to tax minimization strategies and estate/retirement planning. We will advocate an approach that seeks to avoid unwarranted risk, maximize allowable tax deductions and protect income and savings from unexpected life events.

At our firm, we realize that as a physician you seek to balance your professional and personal life to gain more control and security. We are experienced in meeting the unique needs of physicians and their families by developing customized plans that help enable them to better manage both their practice and their personal finances.

Retirement Planning

Beginning with a “Right Fit” meeting, I help you clarify your goals toward retirement. This meeting is an opportunity for us to get to know each other and to determine if we are a "right fit.”  It is the time to clarify the parameters of our relationship.

Often, clients express what it means for them to be retired in this meeting and what opportunities and dangers are on the horizon.

We also cover five financial challenges to retirement income and what impact they can have on your retirement. Those challenges include: Life Expectancy, Inflation, Market Uncertainty, Withdrawal Rate/Sequence of Returns and Health Care Costs.

"The Owen Wealth and Retirement Process" outlines the specifics of your current situation, allowing you to make decisions that might improve their finances and thereby your lifestyle in retirement. An integral part of the plan is an implementation plan and schedule.

Regular follow up and review is included and is a crucial part to helping you be successful with your plans. A fee is charged for this service.

401(k) and IRA Rollovers

When you leave a job or retire, you have a decision to make regarding your 401(k) money. While leaving those assets in the former employer’s plan is an option, a rollover should be a strong consideration. We can help you determine the right course of action for you.

When considering rolling over the proceeds of your employer-   sponsored retirement plan to an IRA, you have the option, among others, of 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 the desired investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment, and your unique financial needs and retirement plans. Consult your own tax and or legal advisors regarding your particular situation.

Wealth Planning*

Whether you desire portfolio management from one of our many available professional investment managers or personalized portfolio construction through Eagle Strategies LLC, Owen Wealth and Retirement Strategies can offer portfolios that are developed for your needs and objectives, continuously monitored and managed to help them keep pace with your evolving goals.

Asset Protection*

It is critical to build your portfolio with a diverse mix of equity, fixed income, cash and specialty asset classes according to your specific investment strategy to help you reach your long-term goals and withstand unforeseen fluctuations.

*Asset allocation does not ensure a profit or protect against a loss, but is intended to help you manage your goals and risk tolerance.

Financial Planning*

A comprehensive financial analysis of assets, liabilities, cash flow and investments helps us identify a clear path to your prosperous future. We’ll craft a detailed financial plan that helps you have the right wealth accumulation and preservation strategy in place to achieve your long-term investment objectives. More importantly, we continuously monitor and adjust your financial plans to ensure that they remain aligned with your stated objectives.

Estate Planning

A well-engineered estate conservation plan can minimize tax liability and ensure that loved ones are protected. We will work with you and your other advisors to assess the impact of state and federal taxes on your estate and suggest strategies to help minimize those taxes while meeting your personal philosophies and family needs.

Investment Management*

Managing your wealth requires a clear understanding of your overall investment objectives. Through Eagle Strategies LLC, our comprehensive investment advisory capabilities utilize a disciplined investment approach that looks beyond traditional asset allocation, while addressing important factors such as risk tolerance levels and investment time horizons.

Fund Advisory Program

This program combines the expertise of professional investment managers with the service and guidance of our firm’s Financial Professionals. By analyzing your overall investment goals, risk tolerance levels, and liquidity needs, we’ll help determine which investment portfolio allocation, consisting of an optimal blend of non-proprietary, mutual funds and/or exchange-traded funds (ETFs) is most appropriate for your investment goals and specific situation.

Separately Managed Accounts

Separately Managed Accounts ("SMAs") are a type of professionally managed investment account that invests in individual securities on a discretionary basis and provides our clients the flexibility of restricting the holding of certain securities and tactically utilizing gains and losses for tax planning purposes. Our firm’s Financial Professionals will leverage Eagle’s robust offering of non-proprietary SMA strategies available through third party money managers to either custom design a holistic investment portfolio or will utilize individual strategies to address your specific allocation needs.

Rep Directed Program

This is an investment advisory program through which our firm’s Financial Professionals will construct a customized portfolio of individual mutual funds, exchange traded funds (ETFs), and in some cases, individual securities, using the strategic asset allocation framework developed by Eagle Strategies and a leading institutional asset manager, or simply by our firm’s Financial Professionals. We’ll seek to utilize an optimal blend of asset classes that helps maximize long-term returns, manage overall portfolio volatility and achieve investment objectives while remaining aligned with your risk profile.

Life Insurance

Many people think that life insurance is only for people with families. While it is true that life insurance can help provide for the needs of dependents, life insurance also can be an important part of a well-thought-out estate, business succession or charitable giving plan. And permanent life insurance offers many living benefits as well, such as tax-deferred cash value accumulation. For all of these reasons, life insurance can be important for someone starting out – or for someone who's starting over.

Whole Life

Whole Life insurance is also known as permanent insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid. Whole life policies accumulate cash value tax-deferred.

Term Life

Term Life policies provide coverage for a specific amount of time – such as 5 years, 10 years or 20 years. Term premiums are often less expensive than whole life premiums, but once the term of the policy is complete, coverage terminates. There is no accumulation of cash value.

Universal Life

Like Whole Life, Universal Life is a permanent insurance policy, which means that it covers you for your entire life, as long as premiums are paid. Universal life, however, offers you flexibility that enables you to change your premiums and death benefit as your needs change.

The policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions.  This can happen due to insufficient premium payments, if loans or withdrawals are made, or if current interest rates or charges fluctuate.

Variable Universal Life*

Variable Universal Life Insurance combines the premium and death benefit flexibility of a Universal Life policy with investment opportunities. You may allocate your premium amongst a variety of professionally managed investment divisions plus a fixed account. Of course, with investment opportunities comes risk along with the potential for reward.

*These products are offered by prospectus through NYLIFE Securities LLC, (member FINRA/SIPC), and A Licensed Insurance Agency.  Be sure to request one and read it carfully before investing as both the product and investment options prospectuses provide complete information you need to know regarding charges, expenses, and risk factors.

Survivorship Life

Survivorship life insurance – available as whole life, universal life or variable universal life – covers two people and provides payment of the proceeds when the second insured individual dies. Survivorship life insurance is often used to help meet estate planning or business continuation goals.

The policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions. This can happen due to insufficient premium payments. If loans or withdrawals are made, or if current interest rates or changes fluctuate.

Extended Care Needs

To execute a sound retirement strategy, asset and income protection are a must.  Designing a plan that encompasses managing costs for extended periods fo care can help create the necessary balance in a portfolio to ensure stability and protection of assets.  

Charitable Planning

Charitable planning allows you to support the organizations and causes that matter to you, while providing immediate income streams and reducing your tax burden. Numerous charitable giving strategies exist, and we can help you design and execute a charitable giving plan that is in alignment with your personal and philanthropic goals.

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*All financial planning and investment advisory services are offered by Financial Advisors through Eagle Strategies LLC, A Registered Investment Advisor.

All investments involve risk including the potential loss of principal. Investing in an ETF will give the portfolio exposure to the securities comprising the index on which the ETF is based and will expose the portfolio to risks similar to those investing in those securities. ETFs are subject to market price risk. Shares of ETFs are traded on an exchange and will trade at market price, which may be above or below its net asset value (NAV). There is also a liquidity risk in that the trading of an ETF may be halted due to such things as market conditions. The investor will pay brokerage commissions in connection with the purchase of shares of ETFs.