July/August Edition of “Let’s Talk Money”

Find the entire newsletter here: http://www.ltmonline.com/jerrysiver

Individual articles include:

General Interest:

A project that pays off

A home improvement project can add value and comfort to your house. But before you start the demo, you need to do your homework. We offer a few tips to help make your remodeling dream a reality.

Saving money this summer

You don’t need to break the bank to have fun this summer. We suggest some ways you can save money on your summer activities.

By the numbers: marketable makeovers

How much value will that kitchen remodel really add to your home? Here’s a look at some home improvement costs versus value statistics from Remodeling Magazine.

Part-time passion or a career?

Turning your favorite hobby into a business may seem like a great way to earn money while doing something you love. But you have to be careful when it comes to the IRS’s tax rules. If the IRS views your activity as a hobby rather than a business, you may not be able to deduct all of your business type expenses.

Taxing teens

Will your teen have to pay taxes on the income earned at a summer job? We review the federal tax rules you and your teen should know.


What will your legacy be?

Are you looking for a way to have a lasting impact on the people and the causes that matter most to you? Life insurance may be the answer. It can help provide the financial legacy or charitable gift you desire.

Let’s talk insurance Q&A

• Do younger workers need to purchase life insurance early in their careers? • Is a person’s will the place to designate someone to handle the estate?

Retirement Planning:

Summer school — learn about RMDs

Contributing to a 401(k) retirement plan or a traditional individual retirement account (IRA) can be a tax-smart thing to do. Eventually, though, you’re required to take taxable minimum distributions from your account or face stiff penalties.

Let’s talk retirement Q&A

• Can life insurance be used to help children make up for a shortfall in their retirement and other savings?

Small Business:

Soft benefits that won’t bust your budget

To attract and retain top-notch employees, you need to offer a competitive benefits package. But that can be expensive. Adding some “soft” benefits, such as flexible work arrangements and employee recognition awards, can help enhance your traditional benefits package while helping to control benefit costs.

Let’s talk business Q&A

• What are the basics of group-term life insurance?


Survival strategies for volatile markets

One day the markets are up and then the next day they’re down. While you can’t control the markets, you can create an investment strategy to help protect your portfolio from market fluctuations. We offer some steps to help minimize the effect of market volatility on your portfolio’s returns.

Let’s talk investing Q&A

• What should be included in an investment diary? • How can an individual manage multiple retirement plan accounts? Standard Financial Topics is also available in Spanish.




Newsletter for May-June

Check out our latest newsletter here: http://www.ltmonline.com/jerrysiver
Helpful information on all these subjects:
Estate Planning:
Let’s Talk Estate Strategy Q&A
 • What tax-efficient strategies can individuals use to pass assets to adult children?
 • How can individuals let family members know where to access important documents in case of disability or death?
Protecting your child:
Mother’s Day and Father’s Day give us the opportunity to show Mom and Dad how much we appreciate them. But could moms and dads be doing more to protect their children? If you’re the parent of a minor child, you can help ensure your child’s future by naming a legal guardian and having sufficient life insurance.
General Interest:
A moving experience
 • Moving to a new home can be both physically and financially draining. We offer some tips to help make the move less stressful.
Lost and found
 • If a loved one dies and no life insurance policy is found, how can you determine if one exists? We list some strategies legal representatives can use to find the answer.
By the numbers: total annual college charges
How much does it cost to go to college? Here’s a look at some 2014 statistics from the   College Board.
 • The smart way to pay for college
Borrowing to pay for college is sometimes unavoidable. But a smarter and less expensive way to pay for your child`s education is to build a college fund through investing.
 • Thoroughly modern money
Technology has made managing finances a lot easier. There are now many options that can help you budget, deposit checks and pay bills more efficiently.
Good health = lower premiums
Looking for a way to lower your life insurance premiums? By making a few healthy lifestyle changes, such as losing weight, exercising and quitting smoking, you may be able to qualify for lower insurance rates.
Let’s Talk Insurance Q&A
• Should first-time homeowners buy life insurance?
• Why are life insurance premiums generally higher for men than for women?
Retirement Planning:
Get your retirement account in shape
Is your retirement account as healthy as you’d like it to be? To help you get your investments in shape, we list some common mistakes to avoid.
Let’s Talk Retirement Q&A
• How much do retirement plan contributions reduce an individual’s income taxes?

Let’s Talk Retirement Q&A
• What is the difference between an assisted living facility and a nursing home?
• Why is the term” activities of daily living” important to understand when searching for a long-term care facility?
When what you leave behind matters
May is Older Americans Month. It’s the time we celebrate the accomplishments of individuals ages 65 and older. As a member of that generation, what’s important to you? Is it leaving your loved ones a financial legacy? You may not be able to if you haven’t factored medical and long-term care expenses into your retirement strategy.
Small Business:
Let’s Talk Business Q&A
• Are individual retirement accounts still protected by federal bankruptcy laws?
• How can employers increase participation in their retirement plans?
Spring into May with a healthy outlook
If it’s been a while since you reviewed your finances, now would be a good time for a checkup. We discuss some items that can get both your business and personal finances on the right track.
Is your investing strategy fiscally fit?
May is National Physical Fitness and Sports Month. You know exercise and a healthy lifestyle can help keep you physically fit. But what can you do to ensure you’re fiscally fit? A review of your investments can help you determine if your current investing strategy is still in line with your goals.
Let’s Talk Investments Q&A
 • What is a target date retirement fund’s glide path?
Pamper yourself with a secure retirement
 • Mother’s Day is the day your children recognize you for all you do. But sometimes the things you do, such as taking time out of the work force to care for children or an elderly parent, can affect your ability to invest for retirement. By starting early, maxing out your contributions and opening a spousal IRA, you can help build a financially secure retirement.


Have you registered your phone numbers on your state federal “Do not call” list but you still get sales calls offering lower interest loans, replacement windows….or whatever?

You can sue the offending caller if you’ve asked them to stop calling and they don’t, or you file your complaint with these organization who work on behalf of consumers:


By State DNC lists:

FCC Abandoned Calls Complaint form:
email: fccinfo@fcc.gov

Office Closed For Juno

Massachusetts has mandated no driving today so we have no employees that can get to work. Our phone system does have instructions for making a claim if you have one today. If there is any other urgent need to contact us there is an option when you call our office to connect to a live person.

Every insurance policy contains a provision that allows you to make temporary repairs that are necessary to keep further damage from happening. You don’t need to contact the insurance company or us in advance in order to make those repairs. Just save any receipts and take photos of the damage if you can.

Office Hours

Our office will be closed Christmas Day and will be open on the 26th (Friday) from 10:00 am to 2:00 pm.

Anyone needing to report a claim can do so 24 hours a day, 365 days a year. Simply call the insurance company who issued your policy. Our website has links to all our insurance company partners.

If you have an emergency other than a claim, call our main telephone number and follow the prompts for emergency service.

Happy Holidays.