MARCH 2017 ISSUE OF THE PROTECTION COACH

The March 2017 update of Mike Stromsoe’s The Protection Coach® has arrived.  This issue is jam-packed with all the latest news and tips for clients and friends of Stromsoe Insurance Agency.

The Protection Coach® – March 2017 (Click Here to Download)

Inside this edition..

  • “LUCKY” and Stromsoe #inspirehappiness
  • National Women’s History Month – Condoleezza Rice
  • Quick Tips: Spring Cleaning Time
  • Congratulations to Justin & April Suemnick, our Awesome Clients of the Month. Thank you for your business!

SPECIAL REMINDER: When you receive your paper newsletter in your mailbox, don’t forget to look inside to see if you are the next “LUCKY” WINNER!

Tips to Get You Organized for Tax Season

Tax season may be everyone’s least favorite season, but it’s one that most of us have to deal with and these tips will help you get on top of things. 

Every tax filer’s situation is unique, but all taxpayers have a similar experience. This is because the IRS demands that you give them certain information from nearly everyone. You may think the happiest thing about taxes is Taxman by the Beatles–and that may be true–but filing taxes does not have to be an ordeal that makes you want to pull out your hair. If you are prepared and organized, filing your taxes can be tolerable. Here are a few tips to get you organized for tax season.

  1. Don’t Forget Social Security Numbers
    If you file your own taxes, you can skip right down to #2. If you drop off all of your paperwork to an accountant’s office, make sure that your social security number is in there, as well as your spouse’s if you file jointly.
  2. Use Taxes to Reduce Taxes
    Homeowners get a way to reduce what they will pay to the IRS by claiming real estate taxes as a tax deduction. If you use an escrow account to pay for your annual real estate taxes, your Form 1098 will tell you the amount. There are also local state and income taxes that you may deduct as well.
  3. Income Tax
    In order to be ready for tax season, you will need your Form W-2–sent out in January–which is normally provided by every employer you had the previous year.If you’re an independent contractor, the company for which you worked should send you Form 1099-MISC.

Brace yourselves: tax season is coming. For all of your general insurance needs in California, be sure to contact Stromsoe Insurance Agency. We are more than happy to help you get the coverage you deserve!

How to Save Money in 2017

Everyone wants to save money, but as we all have learned one way or another, saving is a lot easier said than done. 

One of your New Year’s resolutions may have been to save more money for your retirement plan. But the first month of the year may not have gone according to plan. But you still have a little under 11 months to fix any problems you have had earlier. If you want to get back on track (or get on the track in the first place) here are a few tips on how to wisely invest for 2017.

Money Saving Tips

  1. Take a real look at your investments. It’s time to take things seriously. If you have a financial advisor through which you invest, make an appointment with them to review your retirement plan.
  2. Adjust your tax withholdings. Part of the investment process is doing the right thing with your money at the right time. If you receive a rather large tax refund every year, you may want to consider adjusting your withholdings on your W-2 form.
  3. Increase your effort about finding extra money to invest. In order to invest seriously, you need the funds to do so. Try to find extra money any way you can (within the law, of course). One way to find extra funds is to review your insurance premiums and your deductibles.
  4. Stock market should not make you flinch. Not even the best economists in the world know what the stock market will do tomorrow, so don’t overreact to the stock market. Talk to your financial advisor about any doubts you may have.

Saving for your retirement is important, and your insurance policies are important too! For all of your general insurance needs in California, be sure to contact Stromsoe Insurance Agency. We are more than happy to help you get the coverage you deserve!

Does Your “Precious” Have Enough Jewelry Coverage?

Your jewelry needs to be insured to deal with the risk of everyday life, and while homeowners insurance may cover your precious items, you may require more.

If only Smeagol would have had enough jewelry coverage, perhaps he could have spent his time doing something more productive rather than following a pair of hobbits all the way to Mordor to steal back his “precious.” While your reason to insure your jewelry may not be as extreme, you need to know if all of your jewelry is going to be covered in case of an accident. Here are a few things everyone should know when it comes to their jewelry and jewelry coverage.

  1. How much does your homeowners insurance cover?
    Your homeowners insurance covers your jewelry, that much is not up for debate. What is up for debate is the amount of coverage and the damage to which your pieces of jewelry may fall victim. Insurance covers regular things like fire, theft, vandalism, and other things, but it will not cover stone.
  2. What is the monetary value of your jewelry collection?
    Hire a professional to appraise your collection in order to get an idea of how much coverage you need.
  3. Do any additional pieces need extra coverage?
    Only once you know your monetary amount, can you purchase the correct coverage. If some of your expensive pieces go above your coverage, you can extend the policy to these pieces to ensure you are covered.

Your jewelry may only have sentimental value, thus, no price tag in your eyes. But that doesn’t go double for burglars or the curve balls of life. For all of your home insurance coverage needs to keep your jewelry and your home safe from covered dangers, contact Stromsoe Insurance Agency. We will work with you to ensure you have the right coverage that you deserve, all at the right price to fit your budget.

FEBRUARY 2017 ISSUE OF THE PROTECTION COACH

 

The February 2017 update of Mike Stromsoe’s The Protection Coach® has arrived.  This issue is jam-packed with all the latest news and tips for clients and friends of Stromsoe Insurance Agency.

The Protection Coach® – February 2017 (Click Here to Download)

Inside this edition..

  • What does your Total Protection Team LOVE?
  • Insuring BIG KID Toys
  • Valentine’s Day Goodies
  • Quick Tips: Starting An Exercise Program
  • Congratulations to Kevin & Tammy Draughon the Grand Prize Winners of our ‘G’ is for Gratitude Referral Rewards Program!!!

Tips on How to Check Your Tire Tread

Good tires are required to keep your car under your control, is there anything you can do to ensure that your tire tread is at an acceptable level?

Your tires keep your car under control through the friction created by the tread of each tire. Friction is the resistance that two or more surfaces experience when moving along one another. Your new basketball shoes give you more explosive power because new shoes have better traction on the ground, whereas old shoes lead to slips and falls. Likewise, new tires with brand new tread have better traction on the street than old and worn out tires. Here are a few tips on how you can check if your tires are ready to face the open road and keep you safe while doing so.

– If you have no idea how old your tires are, you can always refer to the identification number on the walls (on the sides) of your tires. The last four digits are all you need in order to know the age of your tires. For example, if the last four digits read “1105”, that means that the tire or tires were manufactured during the 11th week of 2005. It is recommended that you change your tires every 6 to 10 years.

– If your tires are aged but look new, you can always perform the “penny test” in order to determine if you need new tires. The penny test requires only one thing, and that is a penny. Stick the penny, Lincoln-head down, into the grooves of the tire, then observe. If the tire covers the top of Lincoln’s head, then your tires are fine. If you can see the top of his head, however, it is a strong indication that you need new tires.

Just as you want to ensure your tires keep you safe, you should make sure that your auto insurance does the same. Contact the experts at Stromsoe Insurance Agency for all of your commercial insurance coverage needs. We will work with you to ensure you have the right amount of protection, all at the right price to fit your budget.