Our Expertise

 

Client Characteristics

 

Family

  • Have strong family commitment and values
  • Have a high level of integrity
  • Respect long-term relationships
  • Respect for family legacy and harmony among members
  • Have a vision of the future for business and personal life

Community

  • Are committed to helping the community through charity or civic organizations
  • Are well respected by their employees and the community

Planning

  • Are affluent individuals or families who want to complete or update an integrated financial and estate plan and/or strategic giving plan
  • Are business clients who want to provide innovative benefit planning to hire and retain key executive staff or complete integrated business succession and exit planning
  • Respect and utilize advisors and are open to new ideas
  • Are willing to take the time to plan and are honest about their feelings and concerns
  • Are able to make important decisions affecting family and estate planning

Proudly Serving...

 

Companies

Companies owned by our clients or businesses that use our group services.

Pizza-N-More

Omak Stampede

Safar Law Office, P.S

ReVolution

Clean Connection

Global Car Care

Upper Columbia

Complete Design, Inc.

TC Slingers

A1 Asbestos LLC

Lacy Kane, P.S.

Community Glass Co.

Mountain View Fitness

Wise Painting

Carpet One

Vita Green LLC

Lopez Design & Draft

Grillo Robeck

Dava Construction

Speidel Bentsen

Baxter Construction

Doña Juanas

Remodels Plus

Be Clearly

Rafa's Satellites

Timber Quest

Serrano Auto Sales

Moonlight Tile & Stone

Estes Orchard &
Fruit Stand

Gasho & Gasho
General Contractor

Okanogan Valley
Guide Service

Tumwater Drilling & Pump Inc.

Schroeder Chiropractic Clinic

North Cascades
Heating and Cooling

Absolute Irrigation

Gold n’ Chrome

School Districts

Employees of these School Districts have access to our services.

Cashmere Schools

Oroville School District

Brewster School District

Tonasket School District

Ephrata School District

Omak School District

Granger School District

Quincy School District

Okanogan School District

Lake Chelan School District

Grandview School District

Cascade School District

Eastmont School District

Entiat School District

Mt. Adams School District

Selah School District

Soap Lake School District

Union Gap School District

West Valley School District

Yakima School District

Zillah District

Cities

Employees of these cities have access to our services.

City of Wenatchee

City of Walla Walla

City of Quincy

City of Omak

Solutions for Individuals

Draggoo Financial provides individuals and families with innovative products and services to help them grow, protect, and conserve their wealth through all stages of life. We consider your needs, goals, and risk tolerance and 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, insurance products, and investment programs. Our customized plans range from separately managed portfolios of stocks and bonds to mutual funds, along with access to third-party wealth management programs. We offer a consistent process to ensure management of investment assets according to your goals, risk tolerance, and time horizon. We then monitor your plan on a continual basis and adjust and evolve as your needs change.

*Wealth management and financial plans offered through Eagle Strategies, LLC.

Estate Planning Strategies

A well-engineered estate conservation plan minimizes tax liability and ensures that loved ones are protected. We’ll partner with you and your other advisors to assess the impact of state and federal taxes on your estate. We’ll suggest strategies to help minimize those taxes while meeting your personal philosophies and family needs.

Asset Protection

Sound financial strategies and retirement income plans help you accumulate assets for the future, shield your business and personal assets from liabilities, and safeguard asset transfer to children and grandchildren. We help you figure out what the right course of action is for your particular situation and objectives.

Charitable Planning

Charitable planning allows you to support the organizations and causes that matter to you. Done properly, you may enjoy immediate income streams and reduce your tax burden at the same time. We help you design and execute a charitable giving plan that is in alignment with your personal and philanthropic goals.

Disability and Extended Care Needs

Asset and income protection are essential to a sound retirement strategy. We design plans that blend managing costs for extended periods of care and disability insurance. This strategy can help create the necessary balance in a portfolio that ensures 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 on 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.

Solutions for Businesses

At Draggoo Financial, we offer a wide array of services to help business owners and entrepreneurs meet their objectives and address their financial needs at every stage of the business lifecycle. We create and execute customized strategies based on their personal values and financial goals. Some of our key services are detailed below.

Executive Benefits

The success of most businesses is tied to 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 fund non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.

Employee Benefits

Selecting the right benefit package is becoming increasingly important in retaining the best employees, and keeping them productive. We strive to know and understand your complete financial situation and provide you with the highest quality of information, products, and services to help you reach your goals. Our clients rest assured knowing that we always have their interests at heart.

Focusing on your objectives, budget and culture, we work with you to custom design your group benefits, qualified retirement plans, and voluntary benefits plans to address your employees’ unique needs. Our strong relationships with insurers enable us to effectively represent your employees to ensure claims and issues are resolved promptly.

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 may utilize 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. 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.

Product Solutions

The team at Draggoo 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.

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.

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 charges fluctuate.

Variable Universal
Life

Variable Universal Life Insurance combines the premium and death benefit flexibility of a Universal Life policy with investment opportunities. You may allocate your premium amongst a variety of professionally managed investment divisions plus a fixed account. Of course, with investment opportunities comes risk along with the potential for reward.

These products are offered by prospectus through NYLIFE Securities LLC. (member FINRA/SIPC) and a Licensed insurance Agency. Be sure to request one and read it carefully before investing as both the product and investment options prospectuses provide complete information you need to know regarding charges, expenses and risk factors.

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.

Annuities

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:

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

Fixed Interest Deferred Annuities

With a Fixed Interest 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. Withdrawls 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.

Variable Deferred Annuities

A Variable Deferred Annuity offers the advantage of tax deferral and can be used to accumulate money for retirement. The policy’s accumulated value – and sometimes the amount of monthly annuity benefit payments – fluctuates with the performance of your variable investment account options. There are fees, expenses and risks associated with the contract. Please be aware that assets allocated to the investment divisions are subject to market risks and will fluctuate in value.

Offered through NYLIFE Securities LLC (member FINRA/SIPC), and a Licensed Insurance Agency.

Holistic Process

We understand the things that are important to you. Our relationship with you and the process for securing your family’s future begins with what matters most to you.

At Draggoo Financial, we put not only our own considerable experience to work on your behalf, but also the knowledge of the elite team of The Nautilus Group®, experienced professionals with disciplines in taxes, law, life insurance, accounting, and philanthropic planning. This coordinated approach helps ensure that all areas are considered in order to formulate the right course of action for you.

custom process graphic

Neither New York Life Insurance Company nor its agents offer legal, tax or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.

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