MJT & Associates Financial Advisory Group

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MJT & Associates Financial Advisory Group MJT & Associates Financial Advisory Group, Inc. Our financial planning process is similar to baking a cake together.

MJT & Associates is a fee-only wealth management firm based in Minnesota, with financial advisor offices serving the Montevideo and Excelsior communities and surrounding areas. is a fee-only, fiduciary wealth management firm that helps navigate clients through unpredictable financial waters. Our firm services and supports clients with various perspectives and values that differ from religious, political, goal-based, and others. We embrace our client's goals or values and work with them to accomplish their needs based on their terms, not ours. Our financial advisors specialize in helping small business owners, retirees & pre-retirees, families, and those in transition. With expertise in areas of divorce and special needs planning, we are your trusted resource in financial planning, investment management, and retirement planning. Our trusted financial advisors work to establish and review a plan that will help you pursue individualized goals while continuously monitoring and adjusting to life changes. We want to ensure we have all areas covered—from medical needs and concerns to future gifting aspirations—to be sure our comprehensive planning meets your needs now and in the future. As planners, our job is to make the best possible cake, the financial plan, with the best possible ingredients available today in our pantry. Your job, as the client, is to put the frosting and coloring, your values, on the cake. Our financial advisors provide and implement a customized financial strategy tailored to your aspirations. This partnership provides you with comprehensive financial planning services that marries your goals with our expertise, open communication, consistent monitoring, accessibility to products, information, and technology. We strive to enhance and embrace all our client–advisor relationships.

Minnesota has its own estate tax, separate from the federal one. For 2026, the Minnesota exclusion is $3 million per per...
10/15/2026

Minnesota has its own estate tax, separate from the federal one.

For 2026, the Minnesota exclusion is $3 million per person, while the federal exemption is $15 million per person.

A couple can be well under the federal threshold and still face Minnesota estate tax.

Minnesota also does not currently allow a surviving spouse to use a deceased spouse’s unused exclusion.

Depending on how assets are titled and passed on, that first exclusion may go unused.

Some couples address this with a credit-shelter trust, which comes with its own tradeoffs.

Whether it fits depends on your assets, goals, and family situation, so it is a topic to discuss with your estate attorney and financial advisor.

This is general information, not legal or tax advice, and estate tax rules change.

10/14/2026

Debt is a tool. The question is what it buys.

Borrowing for something expected to hold or build value, like a reasonably priced home, an education with a solid expected return, or a business, can make sense.

Borrowing for vehicles, vacations, and everyday lifestyle spending deserves much more caution, because the asset loses value while the payments continue.

Paying down debt versus investing depends on the interest rate, your taxes, how much cash you want on hand, and what else your plan needs.

The goal is a debt load that supports your plan rather than controls it.

Before the advanced strategies, the basics. Most financial plans hold up or fall apart on five areas: estate planning, d...
10/13/2026

Before the advanced strategies, the basics.

Most financial plans hold up or fall apart on five areas: estate planning, debt, insurance, saving and investing, and taxes.

Each one deserves a look at least once a year, and again after a major life change.

A decision in one area usually affects the others, so they work best when someone coordinates them.

Our new article walks through what to review in each - link in comments.

Sara Gelsheimer, CFP®, starts this piece with a story many couples will recognize. Early in her marriage, she packed her...
10/12/2026

Sara Gelsheimer, CFP®, starts this piece with a story many couples will recognize. Early in her marriage, she packed her lunch and her husband bought his, and she resented it. They settled it by giving each of them a set monthly amount to spend without judgment.

Her five suggestions go well beyond lunch.

Ask what a purchase means to your partner before you try to change it
Talk about money when you’re both rested, not after the kids are in bed
Pick one topic per conversation
Discuss care for aging parents before anyone needs it
If you handle the money, show your partner how you reached your decisions

We see that last point often in our work with couples. It matters most after a divorce or the death of a spouse, when the partner who didn’t manage the accounts suddenly has to.

A good read if there’s a money conversation you’ve been putting off.

https://www.linkedin.com/pulse/i-packed-my-lunch-he-bought-his-what-taught-us-money-sara-q84qe/

Scammers are getting better at looking official. A pop-up with a phone number, a call from your "bank," a text about a p...
10/06/2026

Scammers are getting better at looking official. A pop-up with a phone number, a call from your "bank," a text about a problem with your account. Each can lead to the same request: install this program or read me this code.

Once someone has remote access to your computer or phone, your email, your bank, and your investment accounts are within reach.

The FBI reported $20.9 billion in internet crime losses in 2025, and tech support fraud alone made up $2.1 billion of it.

A few habits help:

- Be wary of any contact you did not ask for, especially when it feels urgent.
- Do not install software or share a code because someone told you to.
- Hang up, then call the company back using a number you already know is real.

If you think you may have been targeted, act quickly. Our article covers the warning signs and what to do next: link in the comments

09/30/2026

⏳ The best time to plan your business exit is about 3-5 years before you actually want to leave.

Not because the sale takes that long. Because the value-building does.

Clean financials, reduced owner dependency, documented processes, a leadership team that can run without you in the room: none of that happens overnight.

If you're thinking "I'll figure out my exit when I'm ready to go," you may be leaving real money on the table.

🥪 The Sandwich Generation: Supporting Your Kids and Your Parents at the Same TimeIf you're helping pay for your parents'...
09/29/2026

🥪 The Sandwich Generation: Supporting Your Kids and Your Parents at the Same Time

If you're helping pay for your parents' care while still supporting your own kids, you're not alone. And you're carrying a lot.

A few things worth examining now:

🔹 Has your own retirement saving slowed down to cover others' needs?
🔹 Do your parents have a long-term care plan, or are you the plan?
🔹 Have you and your siblings talked about how care costs and responsibilities will be shared?

Supporting family is meaningful.

It shouldn't come at the cost of your own financial security going unexamined.

🎓 Want to leave your kids more than an inheritance? Teach them how to handle one.Money skipped a generation in plenty of...
09/28/2026

🎓 Want to leave your kids more than an inheritance?

Teach them how to handle one.

Money skipped a generation in plenty of families, not because the wealth wasn't there, but because the knowledge wasn't passed down with it.

Talking openly about budgeting, credit, and long-term planning with your adult children isn't oversharing.

It's part of the legacy plan, just as much as the trust documents are.

09/25/2026

📝 A prenup isn't a prediction that your marriage will fail.

It's a plan for what happens if life gets complicated.

Inheritances.
A family business.
Kids from a previous relationship.
Significant debt one of you brings into the marriage.

These are exactly the situations a prenup is built to address clearly, while you're both calm and on good terms, instead of leaving it for a courtroom to sort out later.

09/24/2026

Annuities get a bad reputation. Sometimes deserved, sometimes not.

🔹 They're not inherently good or bad. They're a tool.

✅ Can provide guaranteed income for life
✅ Can reduce sequence-of-returns risk early in retirement
❌ Can come with high fees and limited liquidity
❌ Aren't right for every portfolio or every goal

The real question isn't "are annuities good?"

It's "does this specific one, solve a specific problem for you?"

Address

Excelsior, MN/Montevideo
Montevideo, MN

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+13202697889

Website

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