How We Help

"Your life, as a result of your relationship with Field Financial Strategies, can be greatly enhanced. Our goal is to provide you confidence in your financial future."

- Joel Field, Founder

Services for Professionals

Field Financial Strategies provides individuals and families with innovative strategies, cutting-edge products, and tailored services to help grow, protect and conserve wealth through all stages of life. Taking into account your needs, goals and tolerance to risk, we will work with you to bring clarity to where you're going and how to get there. Some of our key services are detailed below.

Services for Physicians

Here at Field Financial Strategies, we understand the financial challenges of being in the healthcare industry. Our team is prepared to work with you every step of the way, from residency until retirement. We have extensive experience working with medical providers of all specialties. No matter your specialty area and challenges you face, we are able to assist you.

Many years of education and residency, long hours, and stressful days can all easily take a toll on your financial management. It is our goal to take over the stress of developing a financial management strategy so that you can devote your attention to what matters: your patients, family, friends and passions in life. Gaining an understanding of your goals, values, and circumstances is only the beginning of the process for us. Once we develop a relational understanding of who you are, your goals and objectives, we will work with you to customize a plan that meets your needs.

Collaborating with us ensures your finances are secure in the midst of a potentially unpredictable and hectic career. Your patients and their cases may change daily, but as we create, implement and monitor your financial strategy, you will be able to rest assured that your future is stable. From student loans to asset protection, taxes to retirement, and debt to insurance, we have the expertise and resources to provide the assistance you need. Our team understands how unique the financial needs of healthcare professionals are as compared to other professions, and we are experts in tailoring your financial plan specifically to you and your career.

Services for Business Owners

Here at Field Financial Strategies, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account their personal values and financial goals, we create and execute customized strategies to help entrepreneurs meet their objectives. Some of our key services are detailed below.

Positioning for Retirement

At Field Financial Strategies, we know how critical it is to prepare well for retirement. We are dedicated to providing you with tailored strategies and solutions to help ensure your assets are protected, your family is taken care of, and you may live the life you've always dreamed of throughout retirement. Some of our key services are detailed below.

Financial Planning

What is important to you? What are you looking forward to, whether next month, next year, or 10 years from now? We take the time to learn what makes you tick in order to identify and understand your goals. We then provide personalized financial planning tailored to your specific objectives, income, risk tolerance, values, and family situation. During our financial planning process, we work with you to evaluate and explore available options that may be beneficial to you, establish effective strategies, and construct and execute a plan. After this, we continue to work with you to assess the performance of the plan on an ongoing basis, and make adjustments as needed.

*Offered by qualified financial advisors through Eagle Strategies LLC, a Registered Investment Adviser. Eagle Strategies is a New York Life company.

Estate Planning

A well-engineered estate conservation plan can minimize tax liability, ensure that loved ones are protected, and prevent creditors or inheritance disputes from eroding the value or impact of what you have built and hope to pass on. We will work with you and your other advisors to assess the impact on your estate of family dynamics, state and federal tax rules, and your philanthropic wishes. From there, we will suggest strategies to help minimize taxes while meeting your personal objectives and family needs.

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

Asset Protection Strategies

Have you ever known someone who was involved in a lawsuit? Unexpected and life-changing events (such as: divorce, lawsuits, liability claims, and more) can happen at any given moment and they may severely impact the assets you have worked hard to accumulate and build. There are numerous financial strategies that can help you accumulate assets for the future. As part of your strategy, however, it is also important to consider methods to shield your business and personal assets from liabilities, as well as safeguard assets you hope to pass to children and grandchildren. We will work with you to determine if there may be strategies available which could protect your assets, given your specific situation and objectives.

Charitable Planning*

What is important to you beyond investing? Charitable planning allows you to support the organizations and causes that matter to you, while often providing immediate income streams to you and reducing your tax burden. A number of different charitable giving strategies exist. We can help you design and execute a charitable giving strategy aligned with your personal and philanthropic goals. Since tax considerations are integral to charitable planning, please seek tax advice from your own tax advisors. We will work as a team with you and your tax advisors to implement a charitable plan that is right for you.

*Please seek tax advice from your own tax advisors.

Investment Management

What is your view about risk? Managing your investments requires that we have not only a clear understanding of your overall objectives, but also your thoughts regarding risk. To help you meet your goals, we draw upon our comprehensive investment advisory capabilities to develop a disciplined investment approach that looks beyond a traditional asset allocation strategy. This comprehensive approach allows us to incorporate important factors into your investment management strategy, such as: your comfort level with risk, your desired scope of diversification, your preferences regarding socially-responsible investing, and your investment time horizon.

*Investment Management offered through Joel's affiliation with Eagle Strategies LLC, a Registered Investment Adviser.

Disability and Extended Care Needs

What keeps you up at night? Have you known someone who was unable to work due to an injury or illness or, perhaps, needed assistance later in life? Depending on your situation, appropriate insurance coverage may be important to ensure your lifestyle remains intact, even if life takes an unexpected turn. We will help you to determine whether self-insuring or insurance coverage is the best approach to protect you, your assets, and your family against an unexpected turn of events in life.

Our team specializes in planning for disability and extended care needs and can assist you with choosing the correct type of coverage for your unique situation.

*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..

Retirement Planning

What are your hopes and goals for the future? Do you aim to travel or spend more time with your family and friends? Or, do you hope to be more involved in charitable causes and volunteer work? We will work with you to map out a strategy for achieving your goals. Our comprehensive approach is designed to assess the myriad of options available and help you to implement an optimal accumulation or retirement income strategy. We do this by leveraging investment programs ranging from separately managed portfolios of stocks and bonds to mutual funds, to third-party wealth management programs*, and, when appropriate, insurance solutions. We then monitor your plan on a continual basis, and adjust as your needs change and evolve. Our process provides consistency with your strategy and helps ensure your investments are managed according to your goals, risk tolerances and time horizon.

*Services offered through Joel's affiliation with Eagle Strategies LLC, a Registered Investment Adviser.

Cash Flow Planning

We offer a consistent process to help ensure clients are able to meet their goals and have a clear path forward. We work with our clients to assess cash flow needs and desired spending so they have a clear picture of their financial situation.  Then, we work with them to design and implement a comprehensive income strategy to meet their objectives.

Executive Benefits

The success of most businesses is tied to the talent, passion and work ethics of key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. We have expertise working with businesses around the country to assess, develop, and implement attractive executive benefits programs, such as: non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.

Empoloyee Benefits

In a small business, every employee matters. Benefits ensure your employees are dedicated to staying with and growing your business. Although a need for income leads candidates to apply, it is the benefits that motivate them to stay.  No office or business can run smoothly without the help of administrative staff, managers, assistants, etc.  This team is what keeps your clients satisfied, your schedule full, and revenue coming in the door.  We work with you to help you assess which benefits are best for your business and how to implement them according to your company goals.

Succession Planning

Have you thought about selling or winding down your business at some point in the future?

Every business is unique. Transitioning your business will be a unique process as well. A properly designed succession plan will enhance your personal financial security, maintain harmony among your staff, and help realize the maximum value you are able to derive from your business. We work with successful businesses to refine and implement a succession strategy tailored to your business with the intention of maximizing the value you receive from your business. Successful succession planning allows owners to leave their business on their own terms and according to their own timeframe by preparing their company appropriately to be smoothly transferred to family members, key employees, an outside party, or even a charity.

Key Person Insurance

Do you have an executive, vital employee, or team member who is critical to your business operating and running smoothly? Key person insurance is designed to indemnify your business against the loss of a key employee, whether through an illness, death, or disability, so that your business is equipped to continue operating with minimal impact. Proper key person coverage can protect your business against cash flow problems due to losses in sales, momentum, and available credit by helping to assure business continuity for you, your employees, customers, and creditors. In addition, it can be essential to efforts to recruit and develop a replacement for the key employee. We will work with you and your businesses to assess your situation and protect the continuity of your business operations.

Funding Buy-Sell Agreements

Does your business have a buy-sell agreement that preserves and protects your ownership interest? Has it been reviewed in the past three years to make sure that it is still current with the evolution or growth your business has experienced over time, updates to local laws, and changes in the personal lives of any owners? Have you ensured that it is correctly funded? These are some of the common items we cover when working with businesses to make sure that we do not leave a “stone unturned.” Many cases of ownership transfer issues, such as the spouse of another owner inheriting a significant part of your business, for example, can be avoided with a properly positioned buy-sell agreement.

Simply put, a buy–sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies, is disabled, or leaves the business. The details are important when making sure that these are properly crafted and funded. Doing so ensures a smooth transfer of ownership of the business, as well as stability and confidence amongst the owners. We will work with you to evaluate, implement, and fund a buy-sell agreement to protect your interests and the integrity of your business.

Funding Deferred Compensation

Do you wish to reduce current taxes and build a source of income for yourself in the future? Have you wondered how to retain key employees by incentivizing them to stay? Deferred compensation arrangements are popular tools used to defer income taxes for you or highly compensated employees, and by doing so, retain key talent. Examples of deferred compensation include pensions, retirement plans, and employee stock options, which, essentially,  are arrangements in which a portion of either your income or your employee’s income is paid out at a date in the future.

We can help you design a deferred compensation plan that can be used as a flexible way to attract and incentivize key employees or to benefit your personal financial and tax situation.

Charitable Planning*

What is important to you beyond investing? Charitable planning allows you to support the organizations and causes that matter to you, while often providing immediate income streams to you and reducing your tax burden. A number of different charitable giving strategies exist. We can help you design and execute a charitable giving strategy aligned with your personal and philanthropic goals. Since tax considerations are integral to charitable planning, please seek tax advice from your own tax advisors. We will work as a team with you and your tax advisors to implement a charitable plan that is right for you.

*Please seek tax advice from your own tax advisors.

Tax Strategies

You work hard for your money, so it is important to strategize your plan in a way that allows you to save the most. Although you may be unaware, there are most likely missed exemptions on your tax forms that require you to pay higher taxes than necessary. Let us help you change this by reviewing your taxes and finding missed deductions. Managing your taxes now can help you save long into the future, making goals such as a second home or early retirement possible.

Cash Flow/Retirement Income Planning

We offer a consistent process to help ensure clients are able to meet their goals and have a clear path forward. We work with our clients to assess cash flow needs and desired spending so they have a clear picture of their financial situation.  Then, we work with them to design and implement a comprehensive income strategy to meet their objectives.

Creditor and Liability Protection Strategies

Have you ever known a medical professional who was involved in a lawsuit? Unexpected and life-changing events, such as lawsuits and liability claims, can happen at any given moment, and they may severely impact your financial security and assets you have worked hard to accumulate and build. We will work with you to assess the best financial strategies for you that can help you shield your business and personal assets from liabilities as you accumulate assets for the future.

Debt Management

As you look to the future, you should be excited, not worried. As you look back at your education, you should be grateful, not regretful. You would not be where you are today if it were not for hard work and years of education. Unfortunately, though, your education may have left you with a significant amount of debt. We are very familiar with education-related debt management and it is our goal to help you manage that debt in such a way that paying it off becomes not only possible, but also easy. Our process will help meet your objectives so that your career, not your debt, can be the center of your focus.

Asset Protection Strategies

Events impacting your financial security and assets that you have worked hard to accumulate and build can happen at any given moment. Divorce, lawsuits, liability claims, and more pose serious threats to your financial wellbeing. We will work with you to determine if there are strategies which may be able to protect your assets so that, as you accumulate assets for the future, may be able to able to shield your business and personal assets from liabilities or unexpected events, and safeguard what you have built and hope to personally enjoy or to pass to children and grandchildren.

Employee Benefits

In healthcare, every employee matters. Benefits ensure your employees are dedicated to staying with your practice. Although a need for income leads candidates to apply, it is the benefits that motivate them to stay. No office can run smoothly without the help of administrative staff, managers, nurses, assistants, and other staff members. This team is what keeps clients satisfied, your schedule full, and office priorities in order. We work with you to help you assess which benefits are best for your practice and how to implement them according to your company goals.

Insurance Planning

Is insurance coverage important given your situation and, if so, how much coverage is appropriate? Have you wondered whether your current coverage is sufficient or actually too high? With so many possibilities available today, picking the right insurance coverage can be a complicated and frustrating task. Depending on your situation and the course life takes, having an appropriate insurance strategy can make or break your business, your lifestyle, and even your personal reputation. The right plan can protect you, your family, your assets, and your name when an unexpected turn of events occurs in life, or a liability arises over the course of your career.

Our team specializes in insurance planning and can assist you with choosing the correct type of coverage for your unique situation or business specialty.

Insurance Planning

Is insurance coverage important given your specialty and, if so, how much coverage is appropriate? Have you wondered whether your current coverage is sufficient or actually too much? With so many possibilities available today, picking the right insurance coverage can be a complicated and frustrating task. Depending on your situation and the course life takes, having an appropriate insurance strategy can make or break your business, your lifestyle, and even your personal reputation. The right plan can protect you, your assets, and your name in the case of error or liability, whereas the wrong plan can permanently damage your practice.

Our team specializes in insurance planning and can assist you with choosing the correct type of coverage for you and your specialty.

Disability Insurance

If you are in the early or mid-stages of your career, your most valuable asset is likely the ability to make a living by earning an income. You have invested significant time and money into training yourself and readying for your profession. Because of this, appropriate disability income insurance is critically important for physicians to have in place. In the event that you have an injury, accident, or illness that prevents you from realizing your full earning potential, disability insurance protects the investment you have in yourself by providing a source of income to you if you are unable to work due to an illness or injury.

Our team specializes in working with physicians to review existing disability insurance benefits and to make sure proper coverage is in place.

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

Financial Planning

What is important to you? What are you looking forward to, whether next month, next year, or 10 years from now? We take the time to learn what makes you tick in order to identify and understand your goals. We then provide personalized financial planning tailored to your specific objectives, income, risk tolerance, values, and family situation. During our financial planning process, we work with you to evaluate and explore available options that may be beneficial to you, establish effective strategies, and construct and execute a plan. After this, we continue to work with you to assess the performance of the plan on an ongoing basis, and make adjustments as needed.

*Offered by qualified financial advisors through Eagle Strategies LLC, a Registered Investment Adviser. Eagle Strategies is a New York Life company.

Retirement Planning

What are your hopes and goals for the future? Do you aim to travel or spend more time with your family and friends? Or, do you hope to be more involved in charitable causes and volunteer work? We will work with you to map out a strategy for achieving your goals. Our comprehensive approach is designed to assess the myriad of options available and help you to implement an optimal accumulation or retirement income strategy. We do this by leveraging investment programs ranging from separately managed portfolios of stocks and bonds to mutual funds, to third-party wealth management programs, and, when appropriate, insurance solutions. We then monitor your plan on a continual basis, and adjust as your needs change and evolve. Our process provides consistency with your strategy and helps ensure your investments are managed according to your goals, risk tolerances and time horizon.

Investment Management*

What is your view about risk? Managing your investments requires that we have not only a clear understanding of your overall objectives, but also your thoughts regarding risk. To help you meet your goals, we draw upon our comprehensive investment advisory capabilities to develop a disciplined investment approach that looks beyond a traditional asset allocation strategy. This comprehensive approach allows us to incorporate important factors into your investment management strategy, such as: your comfort level with risk, your desired scope of diversification, your preferences regarding socially-responsible investing, and your investment time horizon.

*Investment Management offered through Joel's affiliation with Eagle Strategies LLC, a Registered Investment Adviser.

Financial Planning

What is important to you? What are you looking forward to, whether next month, next year, or 10 years from now? We take the time to learn what makes you tick in order to identify and understand your goals. We then provide personalized financial planning tailored to your specific objectives, income, risk tolerance, values, and family situation. During our financial planning process, we work with you to evaluate and explore available options that may be beneficial to you, establish effective strategies, and construct and execute a plan. After this, we continue to work with you to assess the performance of the plan on an ongoing basis, and make adjustments as needed.

*Offered by qualified financial advisors through Eagle Strategies LLC, a Registered Investment Adviser. Eagle Strategies is a New York Life company.

Investment Management*

What is your view about risk? Managing your investments requires that we have not only a clear understanding of your overall objectives, but also your thoughts regarding risk. To help you meet your goals, we draw upon our comprehensive investment advisory capabilities to develop a disciplined investment approach that looks beyond a traditional asset allocation strategy. This comprehensive approach allows us to incorporate important factors into your investment management strategy, such as: your comfort level with risk, your desired scope of diversification, your preferences regarding socially-responsible investing, and your investment time horizon.

*Investment Management offered through Joel's affiliation with Eagle Strategies LLC, a Registered Investment Adviser.

Cash Flow/Retirement Income Planning

We offer a consistent process to help ensure clients are able to meet their goals and have a clear path forward. We work with our clients to assess cash flow needs and desired spending so they have a clear picture of their financial situation.  Then, we work with them to design and implement a comprehensive income strategy to meet their objectives.

Retirement Planning

What are your hopes and goals for the future?  Do you aim to travel or spend more time with your family and friends?  Or, do you hope to be more involved in charitable causes and volunteer work?  We will work with you to map out a strategy for achieving your goals.  Our comprehensive approach is designed to assess the myriad of options available and help you to implement an optimal accumulation or retirement income strategy.  We then monitor your plan on a continual basis, and adjust as your needs change and evolve. Our process provides consistency as you seek to pursue your goals, dreams, and hopes for the future.

Estate Planning

A well-engineered estate conservation plan can minimize tax liability, ensure that loved ones are protected, and prevent creditors or inheritance disputes from eroding the value or impact of what you have built and hope to pass on. We will work with you and your other advisors to assess the impact on your estate of family dynamics, state and federal tax rules, and your philanthropic wishes. From there, we will suggest strategies to help minimize taxes while meeting your personal objectives and family needs.

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

Charitable Planning*

What is important to you beyond investing? Charitable planning allows you to support the organizations and causes that matter to you, while often providing immediate income streams to you and reducing your tax burden. A number of different charitable giving strategies exist. We can help you design and execute a charitable giving strategy aligned with your personal and philanthropic goals. Since tax considerations are integral to charitable planning, please seek tax advice from your own tax advisors. We will work as a team with you and your tax advisors to implement a charitable plan that is right for you.

*Please seek tax advice from your own tax advisors.

Life Insurance Planning

Have you wondered whether you still need life insurance coverage at this stage in life? 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. It can help equalize what will pass to your children, or, if you have remarried, help avoid friction between your spouse and children from another marriage. Depending on your specific situation, the living benefits of permanent life insurance may also be beneficial to consider for you at this stage in life. Life insurance can be important not only for someone starting out – but also for someone who's starting over or moving on to “what’s next.”

Our team specializes in insurance planning and can assist you in evaluating whether insurance coverage is applicable and beneficial to your unique situation as you prepare for the future.

Extended Care Needs Planning

Have you had a family member who needed assistance later in life?  You may be able to pay for this care yourself.  Depending on your situation, appropriate insurance coverage may be important to ensure your lifestyle remains intact, even if life takes an unexpected turn. We will help you to determine whether self-insuring or insurance coverage is the best approach to protect you, your assets, and your family against an extended care need.

Our team specializes in planning for extended care needs and can assist you in determining the best approach for your unique situation.

Tax Strategies

You work hard for your money, so it is important to strategize your plan in a way that allows you to save the most. Although you may be unaware, there are most likely missed exemptions on your tax forms that require you to pay higher taxes than necessary. Let us help you change this by reviewing your taxes and finding missed deductions. Managing your taxes now can help you save long into the future, making goals such as a second home or early retirement possible.

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 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.