SENIORS
FOUR INEVITABLE CONSEQUENCES IN LIFE THAT WILL TAKE YOUR MONEY
Navigating financial and healthcare issues for many seniors can be a daunting task, especially in a biblical manner. Solomon Ministries will provide counsel and solutions for seniors based on biblical teachings to ensure their finances are protected and long-term health secured.
LONG-TERM HEALTH CARE EVENTS
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.
Solomon's Solutions for Long-Term Health Care Events
Solution One: LIFE INSURANCE
Solomon is holistic when it comes to planning. Life can take unexpected turns. Part of the conversation must include life insurance for family protection, for tax free retirement income (if appropriate), and for final expenses.
Solution Two: LONG-TERM CARE PARTNERSHIP PLANS
Another important conversation is how to pay for home care, assisted living facilities and nursing homes. Solomon has consultants that are certified in Long Term Care Partnership plans, Certified Medicaid Planners, and certified Life Care Funding plans.
Solution Three: MEDICARE
Health insurance and Medicare is complicated. Solomon has consultants that are experts in:
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Navigating the Health Insurance Marketplace
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Understanding how government subsidies work
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Understanding of Christian Share programs
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Medicare Supplements, Drug Programs and Medicare Advantage Plans
Solution Four: VETERAN PROGRAMS
A little-known program called Aid & Attendance exists. It provides money to veterans/surviving spouses to pay for care. VA Advocates is Solomon’s partner for the Aid & Attendance veteran’s pension program.
STOCK MARKET LOSSES
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 money with companies that share your same Christian values.
Solomon's Solutions for Stock Market Losses
Solution One: FINANCIAL PLANNING
Financial technology is developing at a rate like never before. With the tools and resources available today, we can better provide smart portfolio management that has, historically, never been possible like it is right now. We aim for our money management to be intelligent, proactive, and simple.
We partner with a Faith-Based investor, an independent company that carefully vets each investment to help ensure biblically responsible investments.
Solution Two: SOCIAL SECURITY MAXIMIZATION
With over 100 different options for how and when to take Social Security benefits, many retirees wonder about the best strategy. We help by maximizing Social Security with an in-depth analysis of your individual situation to determine when to take your benefits and how to file. Understanding how your Social Security income is taxed is also a priority for many retirees. Our experience with benefits helps us discover how we may help you to increase income and reduce taxes.
Solution Three: SAFE MONEY PROGRAMS
FOR RETIREMENT
Many retirees are considering fixed index annuities (FIAs) as a great option for their retirement funds because they offer the opportunity to participate in market-linked returns with no market downside. These unique products offer the potential for a steady lifetime income without the same market volatility experienced in 401(k)s and other employer-sponsored retirement plans. We offer a complimentary annuity review for all those in our community who want to understand their existing annuities or potential annuities.
TAXES
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.
Solomon's Solutions for Taxes
Solution One: TAX PLANNING
Understanding your taxes are more important when you retire than at any other time in your life because they can reduce your lifetime income significantly if not handled correctly. Solomon Ministries knows the different ways assets can be taxed and track changes to state and federal tax laws. We make sure people are properly advised on how to adapt; thus, reducing tax liability and putting more money in your pocket.
END OF LIFE CHALLENGES
The end of life challenges faced by Christian seniors are substantial and can be overwhelming. Solomon Ministries will work with seniors to plan their financial legacy ensuring that their final wishes are followed with the ultimate goal of honoring the Kingdom of God.
Solomon's Solutions for End of Life Challenges
