Our goal is to exceed your expectations! We offer top of the line coverages, money saving products and education while providing great service!!
Our goal is to exceed your expectations! We offer top of the line coverages, money saving products and education while providing great service!!
Mission: To help EVERYONE; single, married, young or wiser to become financially-independent~
Why Business Owners Should Consider Disability Insurance...
There are plenty of good reasons to have individual disability insurance to replace your income should you become injured.
If you own a business, it's not just about you. As a business owner, you’re probably the primary driving force of your business, as well as the bankroll. When you're planning for your business, one contingency you need to include is what would happen if you get sidelined. Here's the sobering statistic from the Council for Disability Awareness (CDA), an insurance industry group: One in four people entering the workforce will be disabled before retirement and can expect to be off the job for an average of 34.6 months. That's almost three years. It's not because they spend weekends racing motorcycles or commute long distances. Heart disease, back problems, cancer and other medical problems are more likely to cause disability than accidents.
** Lets have a conversation about your situation.
Call me 303-751-7112
Dear Valued Friend & Client,
With the year-end fast approaching, it is not too late to look at your tax planning options. Tax reform has brought with it change and complexity. Proactive planning is more critical than ever.
In this edition of our client newsletter, we cover some good news on business meal deductibility, a payroll withholding warning, common family tax mistakes, the latest on opportunity zones, business employee tips and much more.
Our goal is to provide you with an unparalleled level of client service. If you see something that you want to talk about, please contact us to explore the possibilities. We rely on satisfied clients as the primary source of new business, and your reviews and referrals are both welcomed and most sincerely appreciated!
What are some financial steps I can take as a new graduate?
You made it!
As a new college graduate, now is the time to put a strong financial plan together. Here are some smart financial steps to ensure you have the success you’ve worked so hard to achieve.
1.Trust in God’s Word
2Timothy 3:16 says, “All Scripture is inspired by God and is useful to teach us what is true and to make us realize what is wrong in our lives. It corrects us when we are wrong and teaches us to do what is right.” Continue to trust God’s Word by reading it, studying it and letting it guide your financial decisions. Learn what it says about finances and put it into practice.
2.Design a Budget
Proverbs 29:18 says, “Where there is no vision, the people perish.” Most college graduates today admit they are struggling to find proper employment, and as many as 2 out of every 2 college graduates are either unemployed or under-employed. While you may not be making the amount of money you anticipated, you can still get ahead by making a budget for your finances and sticking to it.
3. Avoid Big Purchases on Credit
Proverbs 17:1 says, “Better a dry crust eaten in peace than a house filled with feasting—and conflict.” The Lord wants to bless you; He wants you to enjoy a good life of feasting. His way Never includes bondage—and debt is bondage. Now is not the time to buy extravagant things that are outside of your budget (i.e. a new car, kicking sound system or elaborate wardrobe). Instead, return to Step 2, live within your budget and save any excess.
4. Avoid Credit Cards
As a new graduate, you are in high demand by the credit-card companies. They would love nothing more than for you to become addicted to their “product” (a.k.a. debt). God’s Word clearly states that “the borrower is servant to the lender” (Proverbs 22:7). Don’t even open the applications when they arrive in the mail. Avoid the companies’ enticing promises of “Cash Back” or “Free Interest.” And if you used credit cards to finance your education, like 92% of graduates admit to doing, develop a strategy for paying it back.
God loves a cheerful giver (2 Corinthians 9:7), and Malachi 3:10 instructs us to “bring all the tithes into the storehouse so there will be enough food in my Temple. If you do…I will open the windows of heaven for you. I will pour out a blessing so great you won’t have enough room to take it in”! Make the quality decision to honor the Lord with your tithes and offerings—regardless of how much your paycheck is. Even if you don’t think you can do it, trust God and His Word to make up the difference.
6. Learn about Personal Finance
Proverbs 19:20 says, “Get all the advice and instruction you can, so you will be wise the rest of your life.” More than four out of five graduates admit to needing more training in personal finance. If that’s you, then do something about it. Learn from Spirit-led financial instructors & ministers like Our team at RMI. Don’t trust the world to teach you about how to handle your money. Instead, let wise leaders teach you what your heavenly Father says, and then do it.
Through Jesus, you were made “the head and not the tail” and to “always be on top and never at the bottom” (Deuteronomy 28:13). To achieve this, you need to live by God’s Word in every area of your life—even your finances. Put these solid financial steps into practice and put yourself in a position to reap positive and prosperous rewards Now & in the near future!
Here at RMI our goal is to help guide our local churches, schools and community to Financial FREEDOM by conducting Complementary Financial Workshops where we go through EACH of these steps with you in a fun, exciting environment with food, Fun and prizes.
My mom ALWAYS told me, if its FREE- TAKE it! 😁
Call us for more info..*(God bless). 😁
According to Forbes, home prices in the U.S. have consistently increased for the past 23 months, and unemployment has been steadily declining. The stock market has also been growing, so assets like 401(k)s and savings accounts are seeing investment returns that increase your insured’s net worth.
And while boats and cars are depreciating assets, the cost to acquire them is only rising each year. What does this all mean? Individuals are worth more than they think they are, and a thorough analysis will help protect all they have worked hard for.
Our services have expanded across the insurance spectrum. We are very excited to now be able to offer services to protect not just your own assets but your kids and grandkids future, with college-savings. Others include, paycheck protection and disability. Are you currently set? Are you leaving a legacy? If not, call us today, we'll thoroughly go through your situation and help you feel confident with life. 😁
Are you interested in a Solar-System?
**Solar Tax Credit - The Dark Side**
There are TV ads, telemarketing phone calls and sales people at your front door all promoting the benefits of solar power, and one of the key considerations and a frequently mentioned benefit is the 30% federal tax credit.
What isn’t included in the ads - and something most potential buyers are unaware of - is that the solar credit is a nonrefundable tax credit, meaning the credit can only be used to offset your tax liability. This can come as a very unpleasant surprise and is often a financial hardship when the purchaser of a home solar system finds out that the credit is nonrefundable and that they won’t get the full credit.
For example, a married couple with three children, all under age 17, and an annual income of $78,000 installed a solar system costing $20,000 in 2018, expecting a $6,000 credit on their tax return. Their standard deduction in 2018 is $24,000, leaving them with a taxable income of $54,000. The tax on the $54,000 is $6,099. They are also entitled to a $2,000 child tax credit for each child, which reduces their tax liability by $6,000 and results in a tax liability of $99. Since the solar credit is nonrefundable, the only portion of the credit they can use is $99, not the $6,000 they had expected.
On top of that, the family is probably financing the solar system, which significantly adds to the system’s cost. If the entire $20,000 cost were financed by a 5% home equity loan for 20 years, then the interest on that loan over its term would be $11,678, bringing the total cost of the solar system to $31,678 or a monthly cost of $132.
Some municipalities even allow home energy improvements to be financed through the property tax system by adding the payments to the quarterly or semi-annual property tax bills. Interest rates on these arrangements are generally higher than home equity loans, reaching levels of 9 to 10%. If the loan in our prior example would have been at 9%, then the interest on the loan over 20 years would be $23,187, bringing the total cost to $43,187 or a monthly cost of $180. It is also a common misconception that solar system payments added to the property tax bill can be deducted as property taxes. That is incorrect; however, the interest portion of the loan payment is generally deductible as home acquisition debt interest. The lender should supply a loan amortization schedule indicating the annual interest amount.
The unused credit does carry over from year to year as long as the solar energy credit is available. Currently, the credit is being phased out, and 2021 is the last year it can be claimed. Furthermore, the credit percentage rate is being phased down, with the 30% continuing through 2019 and then dropping to 26% in 2020 and 22% in its final year.
In lieu of purchasing a solar system, some homeowners opt to lease a system. This arrangement is not eligible for the solar credit.
As you can see, there is A LOT to consider before making the final decision to install a solar system. Is it worth it? Is it the right financial decision for you?
Please call for a consultation before signing any contract to make sure a solar system is appropriate for you.
*Rocky Mountain Insurance & Tax 😉😊
At one time or another, most of us will let a friend use our vehicle. Whether it is running to the store to get some last minute items for the BBQ or a quick test drive of your new sports car. It is almost impossible not to let someone use your vehicle during the life of your ownership.
Most car insurance policies cover these temporary uses under whats known as (Permissive Use Coverage). This provides coverage for anytime you lend your vehicle to other individuals and they become involved in an accident.
Permissive auto coverage IS usually part of standard car insurance policies, however, there are Many exclusions, so before handing your keys to anyone for the first time always contact your car insurance company to confirm that they will be covered.
*********Have additional questions?
Call me 😊😉
Good morning FB Peeps!!
** Did you know?
HOMEOWNERS INSURANCE TYPICALLY DOES NOT COVER DAMAGE FROM FLOODS
For one, you should know that flood damage isn't typically covered by homeowners insurance. To get flood coverage, you may be able to buy a separate flood policy through the federal government's National Flood Insurance Program (NFIP). A local insurance agent can help you purchase an NFIP flood policy.
*** You should also understand that flood insurance isn't just for homes in high-risk areas. The The Federal Emergency Management Agency (FEMA) says that all 50 states have experienced floods or flash floods in the past five years, and that more than 20 percent of the claims it handles come from the moderate- to low-risk regions.
WHAT DOES FLOOD INSURANCE COVER?
So, what may a flood policy help protect? FEMA says you can purchase coverage to help protect your home, your personal belongings, or both. Here are some of the basics for these two types of coverage:
Building property coverage
What it may help protect: The physical structure of your home and its foundation; plumbing and electrical systems; central air and heating systems; attached bookcases, cabinets and paneling; and a detached garage (other detached structures need their own policy).
How it typically pays out: Replacement cost basis (what it would take to repair the home in today's dollars) for a primary residence and actual cash value (uses depreciation method) -
for a vacation home.
Maximum coverage limit: $250,000..
Need More information?
Call us today, OR your personal-agent..
Stay tuned for MORE important information on how to protect YOU and your family's assets ;)
What are you waiting for? ;)
Rocky Mountain is offering the Best in Paycheck Protection Solutions and Asset Protection Strategies.
We Help Minimize your families financial exposure of the unknown and unexpected of life's every days perils by protecting your paycheck, bank account, assets and 401k.
Our mission is to protect our customers from financial hardship due to unforeseen illness or injury. Simply stated, we provide peace of mind in keeping the promise of financial protection afforded by our protection plans.
Cover Your Assets Today...
Schedule a consultation with me - your Professional today...
• Did you know that when your insurance premium increases it does not necessary mean that the insurance company is "out to get more money from you"... It actually means that (1) Higher premium levels provide more funds with which insurers (company) can pay losses.. Should your home have a total loss, the cost of reconstructing it from scratch involves, materials, labor, etc. As many of my construction clients inform me that the prices to this is rapidly increasing. Then (2), Some mortgage lenders require that the limit of property insurance is equal or exceed the outstanding balance on the mortgage.. This would NOT be adequate for you or anyone. This can lead to being over-insured OR Underinsured tremendously... Mortgage is based on a home’s purchase price, which usually includes not only the dwelling building but also land on which it sits. However, insurance covers only the value of the dwelling. In other words, the insurable value of a house does not include the insurable value of its lot. This alone can create a big discrepancy in cases that involve several acres of land or high land values due to a property’s location. Then we have the insured to-value concept. You need to ask "what value"? If you are only thinking "how much is my house worth is today's market", then you are incorrect. First because value's fluctuate with the market. The insurance coverage of your house needs to be on its "value" in todays market plus how much it would cost to reconstruct it. The current value only covers the actual house and not the actual cost to build. Otherwise you will be subject to living in a newly built home with less costly common construction materials than what was originally used... Therefore, if you haven't done so already, please take out sometime and have a conversation with your insurance agent and try to understand if you really do have adequate insurance coverage on your home. This would mean to try and to stay away from insuring it at 80%, stay at 100% if at all possible. Don't be under-insured OR over-insured.
• I have personally had too many experiences with clients that have come to me claiming that no one had ever explained this *(at other agency's). Therefore whoever reads this can't claim ignorance Or feel free to call me and we can chat... Take care, and remember PEOPLE come first
Are you tired of the regular day to day "Insurance agency" that are just there to receive your monthly auto insurance payment and that's it? Well I certainly was which is why I decided to expand my horizons! I don't only provide auto, home, RV, motorcycle, boat and life insurance but also as a broker-agent I pride myself in being able to offer FANTASTIC customer-service and top of the notch coverage with the best rates available for the above mentioned items. We also commit to educating each client and their families with all of our other services such as; tax-prep, notary and free-financial strategies for the everyday working person so that you will have a better understanding of what your financial structure will look like at the time you retire. So as you can see we offer services that can help you meet a number of insurance and financial needs, including, but not limited to college funding, retirement, managing costs for extended periods of care and long-term care, which is not just for those precious seniors anymore. Please contact me to help you fully analyze your needs and recommend appropriate solutions. I am a licensed agent authorized to do business in CA, CO & VA. However, business may be conducted outside of these states referenced for that serious individual only. Rocky Mountain Insurance & tax agent(s), are able to provide insurance and tax advise to those that are current clients only, however we are not able to offer; legal or accounting advice. Please consult your own legal, or accounting professionals before making any decision(s). The informational material you just read is no guarantee of future performance or success. I may be reached at: 9725 E Hampden Ave, #206A, Denver CO. (303) 751-7112. Thank you in advance for your time!
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Visit Manor Insurance Agency at www.manorins.com. Manor Insurance Agency is an independent agency for all your standard and specialty insurance needs!
I am licensed to sell Auto, Home, and Life insurance throughout Colorado. Please contact me for any of your personal insurance needs! Refer me to a friend and I can give you gift card!: http://bit.ly/JChaLM
The Cambridge Group LTD is a local Denver, Colorado Independent Insurance Agency.
Working to Protect and Preserve the Quality of Life of the People I Represent
Local insurance agency dedicated to helping you find the best coverage at a price you can agree with, we offer auto,home,life & business insurance!
"Our TEAM is your ADVANTAGE"
Shop over 40 companies for your home, auto and commercial insurance! Save money and increase coverages. Also shop for life insurance!
I help customers realize their hopes & dreams by providing the best products & services to protect them from life's uncertainties & prepare for the future.
Our mission is to provide our clients with the best selection of insurance and financial products available, we will provide for their families and possessions by paying attention to individual needs and giving peace of mind in a changing world.
Local dedicated brokers bent on providing top notch quality, support and service. With options from all top carriers and free quotes our agents will match you with the best plan for your needs.
Earnest Reese began an insurance career that would last 25 years with one company.