View the newsletter here: https://www.ltmonline.com/jerrysiver
Estate Planning:
What your children should know about your finances
It may not be easy talking to your adult children about your finances and estate strategy. But discussing your finances with your grown children now can better prepare your whole family for the future.
General Interest:
Great way to start the new year
If you spent more than you wanted to this holiday season, you need to take a closer look at where your money is going. A spending plan can help you track your money and get your finances in order.
I resolve to . . .
Instead of making the same resolutions you have in the past, resolve this year to improve your financial health. We offer several ways to become more financially fit.
By the numbers: spending patterns
The Employee Benefit Research Institute has released some statistics on the spending patterns of Americans ages 50-64.
The minimum payment trap
Paying the minimum amount on your credit card may seem like a good idea, but it’s not. Not only will it take you longer to pay off the balance, but you’ll also end up paying more for the item than what it originally cost.
Insurance:
Single? You need life insurance, too
Just because you’re single doesn’t mean you shouldn’t consider life insurance. Incorporating a life insurance policy into your financial strategy can be a smart move.
The gift of a better financial future
If you’d like to help a family member get the year off to a better financial start, consider making a gift that can make a real difference in your loved one’s financial future. Your generosity also may help save estate taxes later.
Retirement Planning:
Take charge of your retirement
With pensions becoming far less common than in the past, it’s up to you to figure out how to fund your retirement. We discuss several recommendations from the IRS for preparing for retirement.
Put a realistic price tag on your retirement
When it comes to funding retirement, not everyone needs to save the same amount. Figuring out how much income you’re going to need ahead of time can put you on the path toward an enjoyable retirement.
Seniors:
Have you had the talk?
The beginning of a new year is a good time to talk to your loved ones about your possible long-term care needs. Discussing your wishes and possible solutions for long-term care can help alleviate any future stress and indecision.
Small Business:
Does your business have a contingency plan?
Financial issues can cause considerable stress between business partners. Setting up a buy-sell agreement can alleviate some of that potential stress.
The life insurance crisis
Many American households don’t have individual life insurance, even though they need the protections it provides. If you’re looking for a way to help your business attract and retain valuable employees, consider making life insurance part of your employee benefit package.
Standard:
Are you an abstract or a concrete thinker?
If you have trouble saving money, it could be because your strategy doesn’t match the way you think. Figuring out what kind of thinker you are can help you create a successful strategy for reaching your goals.
Womens:
Protect your income with disability insurance
Illness or injury can happen to anyone. Would you be prepared if it happened to you? Having long-term disability insurance coverage could help keep you financially afloat if you were prevented from working due to disability.