President Adam Manning welcomed everyone to the Centerville Rotary Club and led reciting the Pledge of Allegiance. Brian Hayes provided the prayer.
Today’s quote provided by Don Overly: "Learn as if you will live forever, live like you will die tomorrow." Mahatma Gandhi
Welcome today’s guests: Vince Carone and Brian Sortman.
Sue Miller, Ronald McDonald House volunteer shared information about the importance of the Ronald McDonald House. She noted the newly expanded Ronald McDonald House across from Dayton Children’s opened last year.
Sue shared a personal story: Her daughter and son-in-law had to take their daughter to Texas for a specialized medical treatment which took over 3 moths. They were there with a 2 year old and newborn, and stayed in a Ronald McDonald house. They had their own room, a toy room, and all the food they needed at no cost. All of the family’s needs are taken care of at zero cost to the family.
Sue shared information about a fundraiser for Ronald McDonald House called Kids and Clays. It is a sporting clays event, with clay pigeons on June 5 at the Middletown Sportsmen’s Club. Sponsorship or play opportunities are available. It is like a golf tournament; you are given golf carts and you go to various spots along the course to shoot at the clays. The event includes breakfast and lunch, awards, raffle, and auction.
They need sponsors, players and items for the raffle. She challenged women to participate in this event.
Today’s Announcements
- Thanks to Pat for attending the recent Interact meeting. We may have 3 kids signed up for this year’s RYLA, held March 20-22.
- March 7, 10 am - 12 noon is an Interact project at Agape for Youth at 2300 S Edwin C Moses Blvd.
- Tasting with Friends, fundraiser for the Library’s Creativity Commons, Thursday at Benham’s Grove
- Thursday, March 26 is Rotary Night at WSU Creative Arts Center, Festival Playhouse to watch the performance of 1776
- Sofie Ameloot gave an update on sponsorships for the Golf Outing. Thanks to Bockrath for their generous Platinum sponsorship; also Elda and Harvey just announced they will each do a Platinum Combo sponsorship. We are now over $14,000 in sponsorship pledges for this year! Thank you all!
- Uriah Anderson reminded about the Rotary for Reading fundraiser for the Imagination Library (District 6670 fundraiser), where every child in Ohio will receive 1 book/month for the first 5 years of their life. Use the QR code for our Club when making a donation. So far only two people from our club have supported this valuable project.
Happy Bucks this quarter will be donated to The Food Bank.
Pat Beckel was our Sergeant at Arms today with assistance by Brian Hayes.
- Pat B visited his son and friends at OSU, took 18 kids to the bars and realized his boys have “no game”. He had them come up with pick up lines and then had girls rate the lines. It was hilarious!
- Ron H for the Women’s and Men’s hockey Olympic Gold Medals, and UD basketball.
- Carol K thanked Ron & Gina for last week’s bulletin info, and gave a Wildlife Report on seeing the Whooping Cranes in Texas last week. The Whooping Crane, the tallest bird in North America (stands 5 ft tall), was nearly extinct in the 1930’s when only 14 birds existed. Through conservation efforts, there are over 800 birds in the country now and spend the winter in the Aransas National Wildlife Refuge, TX.
- Sofie A thanked Gina for agreeing to chair the Golf Raffle this year, and announced her daughter Noë is the Interact advisor at her school in Marion.
- Kristin H for today’s guests.
- Gina S for today’s guests, and her son is in FL for Saturday’s race: team 66 (car), and 69 (truck).
- Jeff S is pushing more in weights, and had a 160 yard drive in golf, as he continues his rehab from surgery.
- Adam M for today’s guests and Women’s and Men’s hockey Olympic Gold Medals.
- Rand O has been here 5 weeks in a row!
- Jim H for guests today and so many good sporting events to enjoy.
- Lee H shared the largest owner of farmland in OH is Steve Rauch, who was raised in Centerville, is a CHS grad and now a multi-millionaire. The US Government is the largest land owner in the country, with 640 million acres (28% of the nation’s land), many of which are in our National Parks. The National Parks were established on March 1, 1872.
- Socks was just happy.
- Harvey S noted he had Steve Rauch in his church youth group when he was a boy, and was happy for today’s sunshine.
- Elda GG was happy for today’s sunshine.
- Don S encouraged all to Google John Muir, as he spearheaded the movement for the government to take action to preserve land for parks.
Our speakers today were our own Rotarians sharing the things you don’t know that you need to know.
INSURANCE - Pat Beckel
Auto Insurance: Key Coverages Explained
Collision Coverage: Covers damage to your vehicle when you hit a solid object (like a pole, guardrail, or another car) and you are at fault. This does not include hitting an animal.
Comprehensive Coverage: Covers “acts of God” and other non-collision incidents such as fire, flood, theft, vandalism, and hitting an animal.
If a deer runs into the road, it’s usually better to hit the deer rather than swerve and risk a worse accident. Afterward, take photos of the animal and any blood or fur on your vehicle to document the claim.
Medical Payments Coverage: Medical Payments (Med Pay) helps cover medical expenses after an accident, regardless of fault. Don’t hesitate to accept an ambulance if needed—this coverage can help pay those costs.
Uninsured & Underinsured Motorist Coverage
- Uninsured Motorist (UM): Protects you if you’re injured by someone who has no insurance.
- Underinsured Motorist (UIM): Applies when the at-fault driver doesn’t carry enough coverage. Minimum required limits in Ohio are $12,500 per person and $25,000 per accident..
Rental Car Coverage: If you carry full coverage (collision and comprehensive) on your personal vehicle, it generally extends to a rental car. Exceptions may include vehicles over 10,000 pounds or rentals outside the United States.
Homeowners Insurance:
Limited Coverages: Standard home policies often limit coverage for items like jewelry and electronics. Consider scheduling valuable items or purchasing a secondary policy for full protection.
Water Backup Coverage (Optional but Essential) - Covers damage from sewer or drain backups. This is not automatically included in most policies and is highly recommended.
Service Line Endorsement - Covers repair or replacement of underground utility lines (electric, gas, water) running from the street to your home’s foundation. These are typically not covered under a standard policy.
Identity Theft Coverage - Provides protection and recovery assistance. Keep in mind your bank usually only covers losses directly related to your account—not broader identity restoration costs.
Ohio Insurance Market - Ohio ranks #2 in the country for insurance claims. Rates fluctuate, but staying with the same company long-term can sometimes help with pricing and loyalty benefits.
Policy Updates to Watch
- Deductibles may change over time.
- Roof claims now often factor in depreciation, rather than full replacement cost.
Renters Insurance - Renters policies provide coverage for personal belongings and liability protection.
Liability Coverage - Liability coverage protects you if you’re responsible for someone else’s injury or property damage—whether at home or elsewhere. Consider adding a Personal Liability Umbrella Policy for extra protection above your auto and home limits.
TAXES - Don Stewart
Health Savings Accounts (HSAs) allow you to contribute money for tax deductions, and IRAs also offer tax deductions. Additionally, the Simplified Employee Compensation IRA (SECIRA) can provide tax deductions.
In terms of estate planning, establishing a trust and letting it sit is a good strategy. However, it’s important to revisit it periodically to ensure its continued relevance. Consulting with your financial advisor, tax advisor, and attorney can be beneficial in this process.
Roth conversions involve paying taxes upfront but offer the opportunity to transfer wealth tax-free. These funds can grow tax-free and can be transferred to beneficiaries upon death, allowing them to continue growing tax-free for an additional 10 years.
In estate planning, it’s crucial to inform your children about the plan and provide them with the necessary information. If one of your children is designated as the executor, ensure they are well-informed about the plan and the location of the assets.
Regarding Roth conversions, you can withdraw money from a tax-deferred IRA and invest it in a Roth IRA. While you’ll pay taxes now, you’ll enjoy tax-free growth and transfer of wealth in the future.
Lastly, there’s cryptocurrency. If you’re interested in this area, Don recommend researching Stripe. They’ve made significant advancements in creating a system based on the blockchain concept.
RETIREMENT - Brian Hayes
One-size-fits-all retirement plans are no longer effective. Before retirement, consider what your first day looks like. Think about how you want to live in retirement, especially so you can outlive your money. Coordinate with your attorney and financial planner. Don’t delay setting this all up.
