JMB Financial Managers, Inc.

08/28/2026

There is usually no single moment when the roles begin to shift.

It may be a confusing medical bill. A missed payment. A scam text they almost clicked. For many adult children, that is when concern quietly becomes responsibility.

Our latest blog offers a roadmap for navigating finances, estate documents, long-term care, and other important conversations with aging parents.

Read more: https://www.jmbfinancialmanagers.com/blog/when-your-parents-need-you-be-adult?utm_medium=email&utm_source=sharpspring

08/27/2026

Two retirees can earn the same average return and have very different outcomes.

Why?
Because in retirement, timing matters.

An early market downturn in retirement can be more damaging than the same downturn later.

That is the sequence-of-returns risk. The risk is not simply “the market went down.” It’s “the market went down while income still had to come out.”

A strong retirement strategy should look beyond average returns and address:
- Where income will come from
- How much cash or short-term reserves make sense
- Which accounts to draw from first
- When to rebalance
- How RMDs and Social Security fit into the withdrawal strategy
Sequence-of-returns risk does not make many headlines.

But for anyone entering retirement, it can be one of the most important ideas to understand.

The goal is not to predict the next downturn. It’s about being prepared.

https://www.schwab.com/learn/story/timing-matters-understanding-sequence-returns-risk

08/26/2026

Many couples assume they are on the same page about retirement until the details come up.

One partner may be thinking about downsizing or moving somewhere warmer. The other may assume they are staying close to family. One may be ready to leave work behind. The other may still need structure, purpose, or more time to prepare.

A strong retirement strategy should account for both the financial plan and the life you are planning to live together. Read or article: https://tinyurl.com/ypknfkdc

08/25/2026

Own a vacation home in another state? Your estate strategy might have a blind spot.

Estate and inheritance taxes can follow the property, not just where you live.

For example, a Florida resident with a vacation home in Vermont wouldn't owe Florida estate tax because Florida doesn't have one. However, Vermont's $5 million estate tax exemption and 16% flat estate tax rate could still apply to that property.

If you own real estate outside your home state, it's worth understanding how that state's rules could affect your estate strategy.
https://jmbfinmgrs.advisorwebsite.com/blog/does-new-tax-law-impact-your-estate-strategy

08/19/2026

We are in the middle of the largest generational wealth transfer in American history. That means more families will face a moment that sounds simple on paper but is often complicated in real life:

What do we do with this money?

For some, the answer comes after the loss of a parent or loved one. For others, it follows the sale of a business or another major liquidity event. Either way, the decisions made early can affect retirement, family relationships, taxes, giving, and long-term legacy.

That is why preparation matters.

If you may receive a windfall someday, or if you are planning to leave assets to the next generation, the conversation is worth having before the money changes hands. Our blog looks at how to approach a windfall with more clarity, structure, and intention. https://tinyurl.com/mwh25mxr

08/17/2026

Your plan to save for retirement should involve more than your company’s 401(k) plan. Learn how you can think more broadly about your retirement here. https://tinyurl.com/yeym23ne

08/13/2026

For some executives, the most important tax deadline of the year isn't April 15. It's December 31.

If you have access to a nonqualified deferred compensation (NQDC) plan, deferral elections typically must be made before the compensation year begins.

Under IRC Section 409A, once that window closes, retroactive elections are not permitted.

Eligible executives may be able to defer salary, bonuses, and incentive pay and delay taxation until a lower-income year.

Missing the election means missing that opportunity entirely for that year.
What often gets overlooked is the timing.

Year-end is busy, and a deadline that arrives before income is received can be easy to miss.

If this applies to your situation, now is the time to review your elections before Q4.

Consider asking your financial professional to work with your tax, legal, or accounting professionals if you want more information on how nonqualified deferred compensation works.

NQDC plans allow executives to defer a portion of their compensation and to defer taxes on the money until the deferral is paid.

08/11/2026

Most families have the same strategy for long-term care: deal with it when it happens. The problem is, by the time it happens, the choices have already narrowed.

Nearly 70 percent of today's 65-year-olds will need some form of long-term care, according to a 2025 study by Schwab.

The median cost of a private nursing home room is $116,800 per year.

An in-home health aide runs $75,504 annually.

With the average need lasting three years, you're looking at $226,000 to $350,000 at today's prices, and that number only grows over time.

Most people know it's coming. They just don't want to think about it.

And while they wait, premiums rise, health conditions develop that can limit eligibility, and options quietly disappear.

A few things worth knowing now:
- LTC insurance can be most cost-effective when purchased sooner rather than later
- HSA funds can be used to pay LTC premiums
- Hybrid policies offer alternatives if you prefer more flexibility

There is no coverage that works retroactively. The conversation your family keeps putting off is worth having before the decision gets made for you.

Check our blog:
https://jmbfinmgrs.advisorwebsite.com/blog/5-key-factors-consider-when-buying-long-term-care-insurance

08/07/2026

Without looking, when did you last update your will or trust? For most people, the honest answer is "a while ago." Sometimes it's "I don't remember." Occasionally, it's "I'm not sure I ever have." Estate documents get signed in a year that felt important, and then they go into a drawer.

Four things most people don't realize:
1. State estate taxes follow the property, not the person. A vacation home in another state can be taxed by that state's rules.
2. Trusts in recent years may need to be updated to reflect current rules.
3. Inheritance tax depends on who receives, not what's left. Nieces, nephews, and unmarried partners may owe what a child wouldn't.
4. The beneficiary form on a retirement account typically overrides the will. The form is filled out once and quietly controls millions. And many more nuances worth considering.

We’re here if you want an opinion on your estate strategy. If you have a trust, we would encourage you to speak with a professional who is familiar with the relevant rules and regulations before considering any changes.

08/06/2026

One lawsuit has the potential to undo what it took a lifetime to build.
Most people assume their home and auto insurance policies cover everything. For everyday situations, they often do.

The problem is the situation that you never saw coming.

Think about where liability risk actually shows up.
- A serious car accident where you are found at fault and multiple people are injured
- A guest getting hurt on your property
- A defamation claim from something posted online
- A teenage driver in your household
- An incident involving a rental property you own
- A dog bite that leads to a settlement

Standard home and auto policies typically cap liability at $300,000 to $500,000. For someone who has spent decades building wealth, that coverage limit can leave a gap.

An umbrella policy extends that coverage to $1 million or more.
Most people who add an umbrella policy say the same thing afterward: they wish they had done it sooner.