Expertise

We’re here to work for you. As part of our personalized approach, we offer a wide variety of financial planning services that can be tailored to fit your unique vision and specific needs. Whatever your circumstances, you can count on May Financial Solutions to offer you targeted action items that hone in on setting you up for the best possible future.

What We Offer

Learn more about what we offer to our clients as part of our customizable strategy:

Our Mission

“We strive to make a meaningful and measurable difference in the lives of our clients by helping them focus on their vision and achieve their objectives.

We are committed to developing strong, long-term relationships by providing the finest possible service and appropriate solutions. May Financial Solutions accomplishes this through a high level of trust, integrity and knowledge.

Every decision we make, every action we take, has one overriding purpose: to be here when our clients need us.”

Investment Management

Eagle Strategies LLC, is a Registered Investment Adviser and an indirect, wholly owned subsidiary of New York Life Insurance Company, and is a provider of holistic investment advisory and financial planning services. Our financial advisors leverage Eagle’s sophisticated wealth management platform, comprised of many of today’s leading investment managers, to design customized investment solutions to help address their clients’ unique investment objectives and risk tolerance levels.  The breadth of investment knowledge of our Financial Advisors, coupled with the support of Eagle’s diverse team of investment experts, allows them to provide the continuous financial guidance needed to help clients achieve long-term financial success.

Investment Advisory

Managing your wealth requires a clear understanding of your overall investment objectives. Eagle's 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, to provide a clearer picture of our clients’ overall wealth.

Financial Planning

A comprehensive financial analysis of assets, liabilities, cash flow, and investments helps us identify a clear path to our clients’ prosperous futures. 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 our clients’ financial plans to ensure that they remain aligned with their stated objectives.

Investment Advisory Services Offerings

Fund Advisory Program

This program combines the expertise of professional third party investment managers with the personalized service and guidance of the Financial Advisor. By analyzing your overall investment goals, risk tolerance levels, and liquidity needs, we’ll help you determine which investment portfolio allocation, consisting of an optimal blend of nonproprietary 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 accounts that invest in individual securities on a discretionary basis and provide clients with the flexibility of restricting the holdings of certain securities and tactically utilizing gains and losses for tax planning purposes. We will leverage Eagle’s robust offering of nonproprietary SMA strategies available through third-party money managers to either custom design a holistic investment portfolio or utilize individual strategies to address your specific allocation needs.

Rep Directed Program

This is an investment advisory program through which we 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 us for you to review and approve.  We’ll seek to utilize an optimal blend of asset classes that helps maximize long-term returns, manage overall portfolio volatility and pursue investment objectives while remaining aligned with your risk profile.

All investment advisory services are offered through Eagle Strategies LLC, a registered investment adviser. All investments involve risk, including the potential loss of principal. 

Business Solutions

Whether you’re a longtime business owner or an aspiring entrepreneur, we offer a wide array of services to help address your financial needs at every stage of the business life cycle. Taking into account your personal values and financial goals, we’ll create and execute a customized strategy to meet your objectives. Running a business is hard work: let us relieve some of the burden by providing services to keep everything running smoothly for you, your employees and your customers.

Retirement plans

We will work with you and your plan fiduciaries to find the right retirement plan for your needs and budget, and help you find the best way to fund these qualified and non-qualified plans. Some of the options available to you are profit sharing, 401(k), defined contribution, and defined benefit plans.

Executive benefits

The success of most businesses depends on the talent, passion and work ethic of key executives. Executive benefit packages can help you attract, motivate and retain high-caliber employees, keeping your company healthy and stable. We can help you with funding non-qualified plans, supplemental employee retirement plans, split dollar plans and more.

Succession planning

Succession planning allows owners to retire from their business within their own time frame, while preparing for the company to be transferred to family members, key employees, an outside party or even a charity. This must be done in a way that achieves personal financial security, maintains harmony and achieves maximum value for the business. We can provide financial strategies to ensure a smooth transition for everyone.

Key person insurance

Key person life insurance offers a death benefit that helps indemnify an employer for the loss of one of its most important assets—the key person. This can help assure continuity of the business for employees, customers and creditors, while protecting against losses in sales, momentum and credit. It can also be used to assist with recruiting and developing a replacement for the employee.

Funding buy-sell agreements

A buy-sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or leaves the business, whether by force or by choice. A funded cross-purchase buy-sell plan utilizes life insurance to help ensure that the arrangement is properly funded so that there will be money if the event occurs.

Funding deferred compensation

Deferred compensation is a written agreement between an employer and an employee in which the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf and distributed to them at a predetermined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees. We provide funding strategies for deferred compensation.

Personal Solutions

We’re proud to provide individuals and families with innovative, cutting-edge products and services to help you grow, protect and conserve your wealth through all the stages of life. Taking into account your needs, goals and tolerance for risk, we’ll work with you to bring clarity to what you want to achieve and how to get there.

Financial planning

We provide personalized financial planning that takes into account a number of variables, including your income, risk tolerance, values and family situation. With the help of Eagle Strategies LLC, we’ll work directly with you to identify and prioritize goals, explore options, establish effective strategies and construct and execute a strong financial plan. Over time, we’ll continue to assess the performance of that plan and make adjustments as needed.

Wealth management

Through Eagle Strategies LLC, a wholly owned subsidiary of New York Life Insurance Company, we’ll work with you to design and implement a variety of wealth accumulation and management plans, including investment programs ranging from separately managed portfolios of stocks and bonds to mutual funds, as well as access to third-party wealth management programs. We offer a consistent process to help ensure that management of your investment assets aligns with your goals, risk tolerance and time horizon.

We’ll then monitor your plan on a continual basis, and adjust and evolve as your needs change.

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 your 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. Please consult with your own advisors for tax advice.

Estate planning

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

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

Asset protection

There are numerous financial strategies and retirement income strategies that can help you accumulate assets for the future, protect your business and personal assets from liabilities, and safeguard asset transfer to children and grandchildren. We can help you figure out what the right course of action is for your specific situation and objectives.

Charitable planning

Charitable planning allows you to support the organizations and causes that matter to you, while often 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 strategy that is in alignment with your personal and philanthropic goals.

Please seek tax advice from your own tax advisors.

Disability and extended care needs

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

Products available through one or more carriers not affiliated with New York Life Insurance Company: dependent on carrier authorization and product availability in your state or locality.

Education planning

Planning for your children’s education can be overwhelming, especially if you just finished paying off student loans of your own. Our May Financial Team will work with you to take into account factors such as tuition growth, risks, taxes and more, to create a strategy 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.

Risk & Income Solutions

Life Insurance

Many people think that life insurance is only for people with families. While it’s 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 a number of living benefits as well, such as the opportunity for 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 a permanent life insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid when due. Whole life policies accumulate cash value tax-deferred.

Term Life

Term life insurance policies provide coverage for a specific amount of time—such as one year, 10 years, or 20 years. Term premiums are often initially less expensive than whole-life premiums, but once the term of the policy is complete, coverage terminates, unless policy owner elects to renew the policy often at a much higher rate. There is no accumulation of cash value for term-life policies.

Universal Life

Universal Life insurance is designed to offer customizable death benefit protection with non-guaranteed planned premiums and a non-guaranteed death benefit. Depending on the product selected and the amount of premium you pay, Universal Life insurance can allow you to keep your coverage for as long as you need it: to age 80, 90, 100 or longer. Because of the policy’s flexible and non-guaranteed nature, it is important to fund your policy properly and actively manage your policy to reflect changes in interest crediting rates and policy charges over the duration of your policy.  This 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 among a variety of professionally managed investment divisions plus a fixed account. Of course, with investment opportunities comes risks along with the potential for reward.

These products are offered by prospectus through NYLIFE Securities LLC. (member FINRA/SIPC), and a Licensed Insurance Agency and a New York Life Company.

Survivorship Life

Survivorship life insurance—available as whole 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. 

Annuities

An annuity is a unique financial vehicle designed to help you accumulate money for your retirement and/or turn a lump sum into a guaranteed stream of income payments. Deferred annuities offer the advantage of tax deferral and can be used to accumulate money for retirement. Income annuities are often immediate annuities used to generate a stream of income payments that are guaranteed to last for as long as you need them to—even for the rest of your life.* Some of the different types of annuities are:

Fixed Deferred Annuities

With a fixed deferred annuity, the interest rate on your policy is guaranteed never to fall below a certain fixed rate. * For many people, this provides a measure of security.

(A fixed deferred annuity is subject to charges for early surrenders or withdrawals. In addition to paying income taxes that may be due, distributions prior to age 59½ may also be subject to a 10% federal tax penalty.)

*Guarantees are dependent upon the claims-paying ability of the issuing insurer.

Individual disability insurance is available through one or more carriers not affiliated with NewYork Life Insurance Company, depending on carrier authorization and product availability in your state or locality.

Lifetime Income Annuities

A lifetime income annuity is an annuity in which income payments begin—one period after the annuity is purchased. It is designed to provide you with guaranteed, predictable income monthly, quarterly, semiannually, or annually, no matter how long you live, and regardless of how the financial markets perform.

All guarantees associated with annuity contracts are based on the claims-paying ability of the issuing insurance company. Withdrawals may be subject to regular income taxes, and if made prior to age 59½, may also be subject to a 10% IRS tax penalty. In addition, early surrender charges may apply.

Variable Deferred Annuities

A variable deferred annuity offers the advantage of tax deferral and can be used to accumulate money for retirement. The policy's accumulated value—and sometimes the amount of monthly annuity benefit payments—fluctuates with the performance of your variable investment account options. There are fees, expenses, and risks associated with the contract. Please be aware that assets allocated to the investment divisions are subject to market risks and will fluctuate in value.

Offered through NYLIFE Securities LLC (member FINRA/SIPC), a Licensed Insurance Agency, and a New York Life Company.

Medical Professionals

At May Financial Solutions, we understand the financial and personal challenges that come with a career in the healthcare industry. We have proudly served physicians for over 30 years and are prepared to work with you every step of the way, from residency until retirement. No matter your specialty or what challenges you face, it is our goal to help you develop a strong financial plan so that you can devote your time and energy to what matters: your loved ones and your patients. From student loans to asset protection, taxes to retirement, and debt to insurance, our team knows that the finances of health care providers can differ from those of other professionals, and we’re committed to tailoring your financial strategy specifically to you and your career.

Retirement planning

Retirement planning is crucial for physicians or other health care providers in order to stay on track and retire on time. While many careers only require four to six years of education, allowing individuals to save for retirement within years of graduating high school, the medical field requires a much longer investment and you can easily fall behind without proper planning. Our job is to help you address your finances so that you can comfortably retire on time.

Asset protection

Unexpected adverse events can happen at any time. Permanent life insurance provides death benefit protection, creditor protection in certain states, and the ability to accumulate cash value, which can help 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.

Debt management

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, making paying them off a reality: our financial strategies will help meet your objectives so that your career, not your debt, can be the center of your focus.

Charitable planning

We know that there’s a high likelihood you entered the medical profession because you want to do good in your community and help others. 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.

Education planning

Planning for your children’s education can be overwhelming, especially if you just finished paying off student loans of your own. Our May Financial Team will work with you to take into account factors such as tuition growth, risks, taxes, and more, to create a strategy 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.

Employee benefits

No health care office can run smoothly without the help of administrative staff, managers, nurses, physician’s assistants and other staff members. This team keeps patients satisfied, schedules complete and priorities in order. Benefits, such as medical and dental insurance and paid leave, help ensure that your employees are dedicated to staying with your practice. Our job is to help you decide which benefits are best for your company.

Medical and dental insurance are available through one or more carriers not affiliated with New York Life Insurance Company, depending on carrier authorization and product availability in your state or locality.

Disability insurance

If your family’s main provider cannot work due to illness or injury, disability insurance protects your income so that you can maintain stability. In addition to medical expenses, income is usually reduced or even terminated at the onset of an illness or injury.

Our agents can help you protect your current lifestyle and long-term goals. As the main provider for your family, you should strongly consider disability insurance if your spouse does not believe he or she could maintain financial stability with only one income.

Individual disability insurance is available through one or more carriers not affiliated with New York Life Insurance Company, depending on carrier authorization and product availability in your state or locality.

Farmers & Ranchers

Our May Financial Solutions team understands what it takes to create a successful farming operation and the unique financial challenges that many farmers face. With our assistance and guidance, you can ensure that your farm and its finances stay on track with your short and long-term goals. Landowners, agribusinesses, and farmers need specialized options when it comes to managing money and protecting assets, which is why we make it our priority to tailor every financial strategy to the needs and goals of the individual, so that you can feel confident about the legacy you’ll leave behind.

Estate planning

As a farm owner, you need to be thinking about the present, while also planning for the future. Your farmland is not a liquid asset and because of that, settlement problems may arise. Estate planning offers the best way to ensure a smooth transition from one farm owner to the next, providing a framework for the disposition of your assets at the time of death. It will not only protect your land, but will also provide for the needs of your family and may help reduce high inheritance taxes. By creating an estate plan, you can go forward knowing that your farm and your family will always be in good hands.

We do not provide legal or tax advice. Please consult with your own advisors for legal and tax advice.

Succession planning

When it comes to passing down a farm and all that comes with it, farm owners have many important decisions to make. Farmland can be passed on to relatives, employees, outside parties or even charities, and the decisions don’t end once you’ve chosen a successor. Our team will help you make these important decisions, ensuring your farm has the resources it needs to remain economically sound and continue with the legacy you desire.

Asset protection

Protecting your assets means getting to know you, your values and your priorities. We’ll work alongside you to plan for the future, protecting your farm and personal assets, including wealth and future income, while guiding the process of transferring assets to future generations.

Charitable planning

When a charity or organization matters to you, it also matters to us. We’re here to help support your philanthropy by creating a financial strategy that includes charitable giving in its budget. 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.

Buy-sell agreements

A buy-sell agreement is a legally binding contract between co-owners of a farm that sets a plan in place in the event of one owner’s death or departure from the business, regardless of the circumstances. Essentially, it provides a protected way out of farm ownership if the necessity arises. Our team can work with you to employ life insurance to fund a buy-sell agreement, so that the business will not struggle financially even in the case of a co-owner’s death.

Key person considerations

A farm is only able to run at its best when all of the employees and owners work together and share common goals. But what happens when a key member of the team passes away? That’s where we can help, by insuring the key person with life and disability insurance that will help compensate the farm owner in the event of a loss. Is there one employee you cannot imagine working without, who contributes invaluable skills and ideas? If so, we can help you protect your farm even in the case of this worker switching employers, becoming disabled, or dying.

Individual disability insurance is available through one or more carriers not affiliated with NewYork Life Insurance Company, depending on carrier authorization and product availability in your state or locality.

Employee Benefits

Today’s labor market is competitive, and finding quality employees who have the experience, values and knowledge necessary for the job can be a challenge, along with keeping them motivated and happy to be there. Offering benefits that are the right fit for your business can help to reduce employee turnover, which in turn helps your long-term stability. We can guide you through the process of designing a custom benefits package that keeps you competitive and doesn’t drain your wallet. No matter what your needs are or where you’re at in the process of establishing a benefits package, May Financial Solutions is here to help.

Retirement plans

We will work with you and your plan fiduciaries to find the right retirement plan for your needs and budget, and help you find the best way to fund these qualified and non-qualified plans. Some of the options we offer are profit sharing, 401(k), defined contribution and defined benefit.

Key person insurance

Key person life insurance offers a death benefit that helps indemnify an employer for the loss of one of its most important assets—the key person. This can help assure continuity of the business for employees, customers and creditors, while protecting against losses in sales, momentum or credit. It can also be used to assist with recruiting and developing a replacement for the employee.

Select group benefit solutions

We offer select group benefit solutions to our clients. This can include life insurance, disability insurance and other plan options. We’ll work together to make sure you understand your options and select what’s right for you and your employees.

Voluntary payroll deduction solutions**

Adding voluntary coverage options can enhance your benefits program with little to no out-of-pocket cost for you. These options include whole and universal life insurance, dental insurance, vision insurance, short- or long-term care and cancer protection. We’ll help you understand all of the options and select the ones that are right for you and your business.

*Please consult your own tax advisor for tax advice.

**Your participation in the payroll deduction life insurance program is completely voluntary. Since this program is not intended to be subject to the Employee Retirement Income Security Act of 1974 (ERISA), your employer cannot contribute to or endorse any policy offered under this program.