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. 

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.​

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.

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.

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

• Understanding how government subsidies work

• Understanding of Christian Share programs

• 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. 

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.

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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.

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.

Solution One: LEGACY PLANNING

Legacy Planning is an important part of every retirement plan. Having an estate strategy will help protect your legacy.  We work with skilled attorneys with expertise in living wills, trusts, powers of attorney, and other estate planning documents to make sure your legacy is transferred to whom you want and when you want.