Services for Families
Harty Financial provides individuals and families with innovative,
cutting-edge products and services to help them grow, protect and conserve their wealth through
all stages in 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.
Financial Planning
Qualified Eagle advisors provide personalized financial planning to our clients that is
specific to several variables including their income, risk tolerance, values, and family. We
work with each client to identify and prioritize their goals, explore options, establish
effective strategies, construct and execute a plan, and assess the performance of the plan
and make adjustments as needed.
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. 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 rate or charges
fluctuate.
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.
College Savings
As college costs continue to rise, you may be concerned about funding your children's or
grandchildren's undergraduate and/or graduate education. Tax-efficient
strategies1 exist that can be utilized to systematically save and distribute
assets specifically for educational purposes. From simple 529 College Savings
Plans2 to more complex solutions, Harty Financial can assist you in ensuring that
your loved ones can afford to attend the school of their dreams.
1Neither
Harty Financial and its employees nor New York Life Insurance Company or its agents or
affiliates provide tax, legal or accounting advice. Please consult your own tax, legal or
accounting professional regarding your particular situation.
2Securities offered through NYLIFE Securities LLC, member FINRA/SIPC
Wealth Management and
Retirement Planning
We work with our clients to design and implement a variety of accumulation and retirement
income plans, offering insurance products, investment programs ranging from separately
managed portfolios of stocks and bonds to mutual funds, and access to third-party wealth
management programs. We offer a consistent process to help ensure management of investment
assets according to your goals, risk tolerances and time horizon. We then monitor your plan
on a continual basis, and adjust and evolve as your needs change.
Disability and 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 of care and disability insurance
can help create the necessary balance in a portfolio to ensure stability and protection of
assets.
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.
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.
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