The team at Hamada Financial Group, LLC are trained professionals who can help you
identify your financial needs and then determine which financial and insurance
products can best help you meet your objectives. Some of the products we often use
to serve the needs of our clients include:
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 insurance is also known as permanent insurance. You receive coverage for
your entire life, as long as premiums (which are a set amount that will never go up)
are paid. Whole life policies accumulate cash value tax-deferred.
Term Life policies provide coverage for a specific amount of time - such as 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.
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 insurance - available as whole life, or 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.
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.
An annuity is a unique financial vehicle designed to help you accumulate money for
your retirement and/or turn a lump-sum of money 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 used to generate a stream of
income payments that is guaranteed to last for as long as you need it 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 amount. For many people, this
provides a measure of security.
Subject to a sales charge for early withdrawals and may be subject to income tax.
Withdrawals prior to 59.5 are subject to a 10% tax penalty.
*Guarantees are dependent upon the claims paying ability of
the issuing insurer.
Lifetime Income Annuities
An income annuity where income payments begin immediately - one period after the
annuity is purchased. It is designed to provide you with predictable income monthly,
quarterly, semi-annually 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 tax, and if made prior to age 59 1/2, may be subject to a 10% IRS penalty. In
addition, surrender charges may apply.
Hamada Financial Group, LLC 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.
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 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. We do not provide tax or legal advice.
There are numerous financial strategies and retirement income plans that can help
you accumulate assets for the future, protect your business and personal assets
from liabilities, safeguard asset and then 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 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.
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.
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.
Every successful journey starts with a roadmap. You have dreams for yourself, your family, and perhaps a family business. Whether your focus is on protection planning, preparing for retirement, funding higher education, caring for aging parents or a special needs child, transitioning a business, or creating a legacy for your heirs or the charitable causes you care about—a solid plan is the first step in any financial endeavor. Through Eagle Strategies LLC, we provide personalized financial planning services that take our clients’ overall financial circumstances into consideration. We employ a simple yet effective multi-step planning process to design and deliver a plan based on our clients’ needs and personal preferences. We work diligently with each client to identify and prioritize their goals, explore options, establish effective strategies, construct and execute a plan. Eagle Strategies also regularly assesses the performance of each financial plan and makes adjustments as needed—providing a truly personalized and nimble approach to financial planning.
Whatever a fulfilling future looks like to you, we’re here to help you prepare for it. Whether you want to manage your business as long as possible or you plan to cash in a pension at age 55, we’ll help you determine what you need to retire comfortably and how that affects your current planning objectives. We’ll assess your risks, assets, and current planning status, then recommend tools to maximize your earnings now and protect your wealth in the future.
Through Eagle Strategies LLC, a wholly owned subsidiary of New York Life Insurance Company, you can work with us to guide you in planning for tomorrow’s needs today while preserving your current cash flow. Based on your goals, financial situation, risk tolerance, and investment time horizon, together we can formulate an investment solution to help you achieve all of your short- and long-term wealth management needs. Eagle Strategies incorporates a wide range of thoroughly vetted third-party investment managers who bring specialized expertise in separately managed stock and bond portfolios, and mutual funds, while providing access to third-party wealth management programs. Every investment manager on the platform undergoes a rigorous due diligence process and is monitored closely to ensure they continue to meet our exacting standards. We are, and continue to be committed, to building enduring relationships that help you achieve your financial goals.
Here at Hamada Financial Group, LLC, 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.
The success of most businesses is tied into the talent, passion and work ethics of
their key executives. Executive benefit packages can help you attract, motivate, and
retain high-caliber employees and keep your company healthy and stable. We can help
you with funding non-qualified plans, supplemental employee retirement plans, split
dollar arrangements, and more.
Succession planning allows owners to leave their business on their own timeframe
while preparing their 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.
Key person life insurance offers a death benefit that helps indemnifies 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, and
protects against losses in sales, momentum, and credit. It can also be used to
assist with recruiting and developing a replacement for the employee.
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 when
the event is triggered.
Deferred compensation is a written agreement between an employer and an employee
where the employee chooses to have part of his or her compensation withheld by the
company, invested on their behalf, and distributed back to them at a pre-determined
point in the future. Deferred compensation can be used as a flexible way to attract
and incentivize key employees.
