CONGREGATIONS
Today, many church congregations are needlessly hurting financially. Solomon Ministries informs God‘s people of the financial truths taught by the Bible. We counsel congregations on the often confusing topics such as planning for retirement, healthcare, and legacy planning in a biblically responsible manner with the ultimate goal of supporting God‘s Kingdom.
FOUR FINANCIAL PIT FALLS FOR CHRISTIANS
Solomon Ministries' over 30 years of experience has provided them with a unique insight into the common financial pitfalls in which Christians fall victim. These pitfalls were created by the secular world, but Solomon Ministries equips Christians with proven faith based solutions to avoid financial disaster and provide the security the Lord wishes for his followers.
HEALTH CARE: Rising Costs
Due to advances in medical care, better nutrition and generally higher standards of living, more people are living longer. This fact and others have led to the continual rise of health care costs leaving most people one medical catastrophe away from financial ruin.
Did you know?
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A person age 65 or older who is covered by Medicare will pay out-of-pocket costs of around $4,900 annually on health care costs.
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The out-of-pocket costs for the average family of four with employer-subsidized health insurance is around $9,700 annually.
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Out-of-pocket costs for Americans with employer-sponsored health coverage rose faster than the costs that their insurers paid.
Solomon's Solutions for Health Care
RETIREMENT: Investing in the Wrong Places
Investing your hard earned money in the financial vehicles that can give you the highest return on your investment with the least risk is very important. However, just as equally as important is investing your many with companies that share your same Christian values.
Did you know?
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Most Christian investors in the stock and bond markets are unknowingly supporting companies involved in the Abortion, Pornography, Gambling, and Unwholesome Entertainment industries.
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Invest firms rarely adjust their clients invest portfolios as their clients age.
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Investments in the stock and bond markets without diversification leave investors susceptible to extreme swings in retirement value and inflation.
Solomon's Solutions for Retirement
TAXES: Paying Too Much
Taxes are necessary and provide general benefits to the public. However, it is important to know the tools available to you to ensure you do not pay more than your fair share. Christians with proper guidance can reduce their tax burden in many areas.
Did you know?
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If you are getting a significant refund from the IRS each year, you are overpaying on your taxes.
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Common reasons your withholdings might change are marriage, additions to the family, or job loss/gain.
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Long-term capital gains and qualified dividends are generally taxed at special capital gains tax rates of 0 percent, 15 percent, and 20 percent depending on your taxable income.
Solomon's Solutions for Taxes
DEBT: Overextended & Interest Charges
The average Christian can borrow money in the form of credit cards or personal loans very easily these days. Banks have preyed upon Christians tempting them with instant gratification for the worldly goods they want now. This temptation has led many Christians to financial hardship.
Did you know?
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More than 189 million Americans have credit cards.
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The average credit card holder has at least four cards.
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On average, each household with a credit card carries $8,398 in credit card debt.
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Total U.S. consumer debt is at $13.86 trillion.