First Family Wealth

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First Family Wealth Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from First Family Wealth, Financial service, 1500 Medical Center Pkwy Suite 3A, Murfreesboro, TN.

Led by Daren Chamblee, CFP®️, First Family Wealth helps individuals, families, business owners, and corporations create a personalized strategy around their financial goals.

10/12/2026

Your portfolio needs shock absorbers. 🚗

Think of your retirement money like a car. Your investments are the engine. They grow your savings and help you keep up with inflation. Your cash is the shock absorbers. It won't grow much, but it keeps the ride smooth when the market hits a pothole.

With enough cash on the side, a market drop doesn't force you to sell at a bad time. Don't ask one to do the other's job.

How many months of expenses do you keep in cash?

10/09/2026

Think of your retirement like a car.

Your investments are the engine. They move you forward and help your money keep up with inflation.

Your cash is the shock absorbers. They don't make the car go faster. Their job is to keep the ride smooth when the road gets rough.

Pull out the shocks, and the first big pothole (like a market crash) can force you to sell investments at the worst possible time.

Load up on too many, and the car barely moves. At that point you don't have a retirement plan. You have a really safe parking spot. 😄

So how much cash is the right amount? It comes down to one thing many retirees overlook.

How many months of expenses do you keep in cash right now?

10/05/2026

You can gift your grandchild money to fund their own Roth IRA, as long as the contribution doesn't exceed their earned income or the annual limit. This early, tax-free growth can be incredibly powerful over decades.

10/01/2026

Many grandparents give far less to their grandkids than they could, simply because they're worried about taxes.

Here's the good news. In 2026, you can give $19,000 to each grandchild, every year, with no tax and no paperwork. If you're married, that's $38,000 per grandchild.

One family I work with had never given more than $1,000 at a time. They were afraid anything bigger would bring a tax bill. When they saw the real number, they were able to help their grandkids in ways they never thought possible.

In my latest video, I cover a few more ways to give, like:

- Paying tuition or medical bills directly, with no limit at all
- Helping a grandchild with a job start a Roth IRA
- Putting 5 years of gifts into a 529 college plan at once
- Why giving cash can be better than giving stock

As a CFP®, I always tell families the same thing. Take care of your own retirement first. Then you can give with confidence and enjoy watching your gifts make a difference.

What's one lesson about money you hope to pass down to your grandchildren?

09/28/2026

Remember the Stretch IRA? It allowed heirs to spread out inherited IRA taxes over decades. The SECURE Act changed everything in 2019, requiring most beneficiaries to withdraw the entire balance within 10 years of the owner's death. This dramatically alters inheritance planning.

09/24/2026

Two people can inherit the same IRA, on the same day, from the same person, and have completely different deadlines to empty it.

Since the SECURE Act, most people who inherit an IRA have to empty it within 10 years. But whether you owe money out every year, how much tax you'll pay, and whether the 10-year rule applies to you at all comes down to four questions:

Who are you to the person who passed?
Had they already started their required withdrawals?
Is it a traditional IRA or a Roth?
Is it left to people or to a trust?

One of the families I work with inherited both a traditional IRA and a Roth from the same parent. We did the opposite with each one. We spread the traditional IRA out over 10 years to keep their taxes down. We left the Roth alone to keep growing, because waiting cost them nothing.

Some people assume one rule covers every account. That's how a family ends up with a surprise tax bill or a penalty.

Quick question: if you inherited an IRA tomorrow, would you know if the 10-year rule applied to you? Yes or no?

09/21/2026

Discover the 4% rule for retirement savings. Learn how to withdraw 4% in your first year and adjust for inflation annually, a strategy proven to last 30 years, even through market downturns like the Great Depression.

09/17/2026

The 4% rule got retirees through the Great Depression, WWII, and the 2008 crash.

So why doesn't it always work?

"Almost every period in history" isn't the same as "your retirement." In this video, I break down what the 4% rule actually says, where it came from, and the 5 real reasons it can fall short including one (required minimum distributions) that catches more of the families I work with than anything else.

Quick version: if you've got $1M saved, the rule says pull out $40K the first year, then adjust for inflation each year after. Simple math. But your retirement isn't an average — it's one specific path, with your own accounts, your own taxes, and your own timeline.

Which of these 5 reasons surprises you most? 👇

09/14/2026

You meticulously planned your finances for retirement, only to face an empty calendar. The vacation feeling fades, replaced by loss and boredom. This isn't about money; it's about identity. Your work defined you for decades, and its sudden absence can be jarring. Money buys retirement, but not a fulfilling one.

09/10/2026

$30,000. Sitting in checking. Earning basically nothing.

After 5 years of inflation, that same $30,000 quietly buys about $4,500 less than it used to. Not because anything happened to it. Because it just sat there.

One of the families I work with had almost $40,000 doing the same thing, calling it their "safety net." We moved it into a high-yield savings account. Their access to the money didn't change. It just finally started working.

Here's what most people get wrong, though: how much you actually need. Still working? 3 to 6 months of expenses is the usual rule. Retired? That number should be closer to 12 months, so a bad market year doesn't force you to sell investments at a loss just to cover an emergency.

New video breaks down exactly where that money should sit.

Where is your emergency fund sitting right now?

Address

1500 Medical Center Pkwy Suite 3A
Murfreesboro, TN
37129

Telephone

+16156530361

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