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Investing in a Presidential Election Year
Submitted by JMB Financial Managers on March 11th, 20242024 Financial Deadlines to Add to Your Calendar
Submitted by JMB Financial Managers on February 17th, 2024The Big Game Indicator and Other Unusual Economic Theories
Submitted by JMB Financial Managers on January 26th, 2024It’s a fun time of year for football fans. The NFL playoffs are starting, and the Big Game is just around the corner. While football fans will tune in for the match-ups, commercials, and Usher’s Big Game halftime show, you may not realize that a segment of viewers will be watching the game to glean clues about the potential direction of the financial markets. These investors are looking for a nonscientific phenomenon known as the “Big Game Indicator”.
Tax Savings Strategies
Submitted by JMB Financial Managers on January 16th, 2024The next month or so is the time to get your documents in order and make sure you have all the information you and your accountant will need to file taxes for 2023. I want to help you make the most of your opportunities and lower your taxes wherever possible.
What can you do now? We have put together a process that you can follow to assist your tax planning.
Breaking Down the Parts of Medicare
Submitted by JMB Financial Managers on November 14th, 2023Medicare is the federal health insurance program for everyone age 65 and older in the United States. Generally, the different parts of Medicare exist to cover specific healthcare services. Most beneficiaries choose to receive their Parts A and B benefits through Original Medicare, the traditional fee-for-service program offered directly through the federal government. It is sometimes called Traditional Medicare or Fee-for-Service (FFS) Medicare. Under Original Medicare, the government pays directly for the health care services you receive. You can see any doctor and hospital that takes Medicare anywhere in the country.
Three Key Questions to Answer Before Taking Social Security
Submitted by JMB Financial Managers on October 9th, 2023Social Security retirement benefits are often a major source of income for most Americans during retirement, so before you begin taking it, you should consider three important questions:
- When Should I File for Benefits?
- Should I Collect and Continue to Work?
- How Can I Get the Maximum Benefit?
The answers may affect whether or not you make the most of this opportunity.
Guest Blog: IRS Update from Cetera Financial Group®
Submitted by JMB Financial Managers on August 8th, 2023IRS Update: Understanding the 10-Year Rule for Inherited IRAs and Qualified Accounts
The Internal Revenue Service (IRS) has provided another update to the rules governing IRAs and qualified accounts. On July 14, 2023, the IRS issued Notice 2023-54 that announced the following:
- Final Regulations will apply to distributions starting in the calendar year 2024.
- Missed RMDs from Inherited qualified accounts and IRAs are forgiven and not subject to excise tax if the original owner died after RBD in years 2020, 2021, and 2022 and the beneficiary has 10 years to distribute the qualified account.
5 Ways Business Owners Can Reduce Taxes Now
Submitted by JMB Financial Managers on June 22nd, 2023A Guide for Sending Your Child Off to College
Submitted by JMB Financial Managers on March 29th, 2023For an 18-year-old, going to college is exciting, a little scary, and an important step towards becoming an independent adult. For a parent, sending their child to college is also exciting and a little bit scary, as well as bittersweet. You want your child to grow, learn, and succeed in this next stage of their life. To set them up for success, here are some things you should think about and do before sending your child off to college.