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

Find the entire newsletter here: https://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.




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