Expertise

Farmer and Ranchers

Here at Harper Financial Strategies LLC, we are able to help farmers, landowners and agribusinesses with financial planning and decisions because we understand what it takes to make a farm great, and the challenges in finances that many farmers face. Although all farms are good, what makes a farm great is its ability to succeed through future generations. With our assistance and guidance, you will never have to worry about the stability of your farm and its finances going forward.

Landowners, agribusinesses, and farmers alike, all need specialized options when it comes to managing their money and protecting their assets. Our goal is to tailor every financial plan to the needs and goals of the individual in such a way that he or she feels confident with their legacy.

Estate Planning

As a farm owner, you need to be continually thinking about not only the present, but also the future. Your farmland is not a liquid asset and because of that, settlement problems may arise. The best way to ensure a smooth transition from one farm owner to the next is by estate planning. Essentially this is a framework for the disposition of your assets at the time of death. Not only will this protect your land, but it 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 your farm and your family will always be in good hands.

Succession Planning

When passing on a farm and all that comes with it, the farm and land owners have many important decisions to make regarding their future. Farmland can be passed on to relatives, employees, outside parties, and even charities. Even after this decision is made, however, many more remain. Succession planning with our team means making these decisions together and making sure your farm will 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 want to know what is important to you and protect that from any unexpected occurrences in the future. Asset protection allows us to work with you to plan for the future, protect your farm and personal assets such as wealth, future income, and property from liabilities and guide the process of transferring assets on to future generations.

Investment Management

Investing in the future requires a lot more consideration than simply what assets you can allocate to a venture. We are sure to take all factors into consideration such as your personal timetable, risks involved, taxes, and more to help you invest smarter.

Wealth Management

In order to best help you manage your wealth we follow a comprehensive process that includes creating a plan, monitoring your plan in action, and making changes as needed. This management plan draws from several different areas of finance such as accumulation and retirement income plans, investments in stocks, bonds, and/or mutual funds, insurance products, third-party management, and more. By getting to know you and your farming goals, risk tolerances, goals, expected returns, and values we are able to manage your wealth and make your money work for you.

Charitable Planning

When a charity or organization matters to you, it also matters to us. No matter what your philanthropic passions are, we are here to help support them by creating a financial plan that includes charitable giving within its budget. Not only that, but as a result of your giving we may also be able to find tax deductions that end up saving you money as you give. In all areas of finance, even giving, our team of advisors can help make the most of your financial plan and wealth.

Buy-Sell Agreements

A buy-sell agreement is a legally binding contract between co-owners of a farm that sets in place a plan in the case of one owners death or leaving of the business, regardless of the circumstances. Essentially this agreement provides a protected way out of farm ownership if needed. Our team works with you to employ life insurance in such a way 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 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 is where our company can help, by providing a form of insurance that will compensate the farm owner in the case of a loss. This key-person insurance protects the farm from a loss of sales, credit, and work force and can be used to find another worker to take his or her place. When you think of your farm’s employees, is there one employee you cannot imagine working without? Does this member bring skills and ideas that no other employee can? If so, we can help you protect your farm even in the case of this worker switching employers, becoming disabled, or dying.

 

Business Owners

Here at Harper Financial Strategies 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.

Executive Benefits

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 plans, and more.

Succession Planning

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 Insurance

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.

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 when the event is triggered.

Funding Deferred Compensation

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.

 

Medical Professionals

Here at Harper Financial Strategies LLC, we understand the financial challenges of being in the healthcare industry. Our advisors are prepared to work with you every step of the way, from residency until retirement. Our team focusses on the financial planning of medical providers of all specialties. No matter your specialty and no matter what challenges you face, we are here to assist you.

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

Collaborating with us ensures your finances are secure in your otherwise unpredictable and hectic career. Your patients and their cases may change daily, but as we create, monitor, and implement your financial plan, the stability of your future is firm. From student loans to asset protection, taxes to retirement, and debt to insurance, we have the knowledge and resources to provide the assistance you need. Our team knows how different the finances of healthcare providers can be compared to other careers and we are experts in tailoring your financial plan specifically to you and your career.

Charitable Planning

Serving others is at the core of who you are, or else you would not be in a field that continually puts others first. Our advisors want to help you budget charitable giving as a part of your financial plan. If giving to a cause has been on your heart but you are unsure if it is feasible, consult with us today and we will help you make regular donations to a charity part of your personal financial plan.

Tax Planning

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.

Retirement Planning

Retirement planning as a physician or other healthcare provider is crucial in order to stay on track and retire on time. Most careers only require 4-6 years of education, but the medical field requires so much more. While others can begin saving for retirement within years of exiting high school, individuals in the medical field can fall behind without proper planning. Our job is to take into account this longer period of education and help you manage your finances in such a way that retiring on time is made possible.

Education Planning

Planning for the education of your children can be overwhelming, especially when you have just finished paying off student loans of your own. Our team of advisors is prepared to work with you to take into account tuition growth, risks involved, taxes, and more to create a plan best suited to the needs of both you and your children. Sending children off to college is difficult enough; do not let your finances make it even harder. Talk to us about education financing today.

Debt Management

You would not be where you are today if it were not for hard work and years of education. Unfortunately, your education most likely left you with a hefty debt as well. We want to help you manage that debt in such a way that paying it off becomes not only possible, but also easy. 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. Our debt management programs will help meet your objectives so that your career, not your debt, can be the center of your focus.

Asset Protection

Unexpected events can happen at any given moment such as divorce, lawsuits, liability claims, and more. Our advisors are experts on asset protection so that your assets, wealth, home, savings, investments, and future income, are safe no matter what comes your way. Let us give you that sense of security knowing even if the unpredictable occurs, you will not lose your hard earned possessions and wealth.

Employee Benefits

In healthcare, every employee matters. 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, schedules complete, and priorities in order. Benefits ensure your employees are dedicated to staying with your practice. Although a need for income leads candidates to apply, it is benefits such as dental and medical insurance and leave time that motivate them to stay. Our job is to help you decide which benefits are best for your company and how to plan and implement them according to your company goals.

Insurance

With so many possibilities available today, picking the right one can be a complicated and frustrating task if attempted alone. A plan can make or break your business and your personal reputation depending on its coverage. The right plan can protect you, your assets, and your name in case of error or liability whereas the wrong plan can permanently damage your practice. Our advisors specialize in insurance and can assist you with choosing the correct type of coverage for your specialty.

Disability Insurance

In an emergency in which the main provider of your family is no longer able to work, disability insurance protects your source of income so that your family still has a source of stability. When the ability to make future plans for investment (ex: school, cars, homes) based on the assumption of future income is taken away by illness or injury, our agents can help you protect your current lifestyle and long term goals. In addition to new medical expenses, one’s income is also reduced or even terminated at the onset of an illness or injury. 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, pay the mortgage, or pay off expenses on your spouse’s income alone.

 

Families and Retirees

Harper Financial Strategies 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.

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.

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.

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.

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.

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.

Investment Management

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