Personal Planning

H&H 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 help bring clarity to where you’re going and how to get there. Some of our key services are detailed below.

Personal Planning Services

Financial Organization Tools

Here at H&H Financial, we offer access to a wide array of services to help our clients address their financial needs at every stage of the life. Taking into account their personal values and financial goals, we create and execute customized plans to help meet their objectives. Some of our key services are detailed below.

Asset Protection

There are numerous financial strategies and retirement income plans that can help you accumulate assets for the future, shield 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.

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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*

Rolling over your existing 401(k) to an IRA at retirement can help you manage your accounts more efficiently, and pay less in account fees. You can also opt to take your money by cashing out from your 401(k), however, you may not only get taxed and penalized, but you could also lose the earnings that money could have generated.

Six Reasons to Consider rolling over your 401(k) to a traditional IRA when you retire*:

Pay lower administrative fees. 401(k) plan fees generally include administrative costs and fees for recordkeeping and services that will cut into your account over the long term. And, as a former employee, you may be charged extra maintenance fees. By rolling your money over to an IRA, you may avoid other costs.

Stay up-to-date on changes. Your 401(k) investment choices can change at any time and you might not get the latest information as quickly as those who still work there. Once you're not working, you’ll need to continually monitor the investment options available under the 401(k) plan and be aware of any company changes in investment choices, trustees, and/or fees. For example, your money could be invested in a fund that's no longer available and be automatically moved into a default account that is not consistent with your investment style and objectives.

Retain control of your investment dollars. Your former employer's 401(k) plan might have limited investment options available which may limit your money’s growth potential. However, if you roll over you’re likely to find many more investment choices than in your 401(k) plan.

Enjoy more investment choices. Most 401(k) plans have very limited investment choices. That may include some with high fees, expense rations, and etc. If you roll over your 401(k) into an IRA, you have more investment choices to choose from.

Consolidate and simplify your accounts. Workers who have frequently changed jobs can end up with several different 401(k) accounts if they don’t roll them over into an IRA. It’s much easier to check on your accounts if they are all in one IRA instead of many 401(k)s.

Avoid a penalty for withdrawal under certain circumstances. Individuals under the age of 59½ are required to pay, in addition to income taxes, a 10% penalty tax on withdrawals from employer-sponsored retirement plans and IRAs, unless they qualify for an exception. Three exceptions for IRA distributions — a qualified first-time home purchase (lifetime limit of $10,000), certain higher education expenses, and health insurance premiums while unemployed — are not available for employer-sponsored retirement plan distributions.

Retirement is one of the most important goals for many people and your retirement account could be your largest investment. A qualified financial adviser you trust can help you understand your investments, and the possible risks associated with them, and help you achieve a financially secure retirement.

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Life Insurance & Annuities

The team at H&H Financial 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:

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.

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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

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 as long as you need: 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 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.

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.


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.

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.

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

*Before rolling over the proceeds of your retirement plan to an Individual Retirement Account (IRA) or annuity, consider whether you would benefit from other possible options such as leaving the funds in your current plan or transferring them into a new employer’s plan. Consult with each employer’s Human Resources Department to learn about important plan features and rules. Be sure to compare the fees and expenses of each plan and investment option to those of any other investments that you are considering. Review plan documents and the IRA agreement, as well as the prospectuses for plan investment options and any other investments that you are considering. Your registered representative can help explain any new product being offered. Neither New York Life nor its representatives or affiliates provide tax or legal advice.

Consult with a tax or legal advisor to discuss any questions or concerns that you have, such as the tax consequences of withdrawing funds or removing shares of an employer’s stock from a retirement plan and whether money invested in a retirement plan receives greater protection from creditors and legal judgments in your state than money invested in an IRA or annuity. Also consider that you may be able to take taxable, but penalty-free withdrawals from an employer-sponsored retirement plan between the ages of 55 and 59.5 that you would not be able to take if you invest in an IRA or annuity. Additionally, if you plan to work after you reach age 70.5, you may not be required to take minimum distributions from your current employer’s retirement plan but would be required to do so for funds invested in an IRA or annuity.