Green Light for those that need to File their Taxes – FBAR Reminder, Tax D Day Reminder

We now have the third corrected 1099’s and we are happy to say it looks like the coast is clear.20170324_010525528_iOS

If you have a refund or are in need of filing quickly, this is your “Green light” to file !

Go for it!

Speaking of Taxes…. Some reminders….

Important Date Reminders

FBAR (Foreign Bank and Financial Asset Requirements) those that have control of assets in another country… the new filing date is April 15th….BUT, if you fail to meet this date, according to this IRS statement, a new extension date for six months is being allowed. There was not an extension in the past and this is a moving target as far as we are concerned. If at all possible, file on time, just to be safe.

Given the above date, the ACTUAL filing date for regular filers in the USA this year is April 18, 2017… several holidays are pushing the normal date out.

Confusing…. yes….

Hey it’s a Friday and we still have plenty of time, but don’t let it sneak up on you !

Cheers !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

Think your buying habits are not being swayed ? Think again! Fun example

Let’s have a little fun !!

You likely will think twice after this exercise as you make buying decisions.

Certainly everyone who is reading this has ordered numerous items on Amazon.

Not shooting at Amazon….. we use them constantly… just a great example for our discussion, so please, no stones!

Is Our Buying Controlled?decision-1448155

Go to your Amazon account and type in “Google Home”

This device is the direct competitor to Amazon Echo.

It is very likely you will get multiple options of the Amazon device, but none of the Google device…

Now just search for Google Home on your regular browser!

Most likely you used Google to search in your browser, very different results.

Clearly the Amazon search is skewed, but to think the Google search is not? Hmmmm

Not creating a problem here, not trying to advance a conspiracy theory …. marketers have correctly been doing this for decades…

It’s just easier make an example as the facts pop right up in our face!

Have a great “Known Swayed” buying day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

Who owns the internet ?

This is a neat chart from our friend at VisualCapitalist.com

Note that google YouTube is # 2, behind google itself… had no idea Youtube was that popular…

See any of your favorites ?

 

100-websites-rule-internet

Hard to believe Yahoo cannot get on its feet with a number 5 ranking ?

Have a “More Informed Internet Ownership” day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

 

Rate Increase in the Cards today!

Shhh…. at the penning of this post the gang is still sleeping (promised full attention this week) …. Couldn’t keep away from this mid-spring break update…

Rate Increase Today

Janet Yellen and the FOMC (Federal Open Market Committee) have signaled two rate increases this year. The capital markets have fully priced in an increase today.  Their increase will move “Short term” rates to .75 % or 75 basis points.

This will help short term bonds, checking accounts and the like.

Recall our friends at JPMorgan think rates have been too low for too long…. if they are correct, this increase may help accelerate the economy.


We agree!

Only time will tell if this is correct.

One thing is for certain, the capital markets are much more receptive to these increases than they have been in recent past.

Due to speed and security concerns, this will be my last post until next week …. shhh… the family will never know !

Have a great day!

John A. Kvale CFA, CFP

 

 

One Bar Signal …. Friday

It’s been a long time since the maximum bar signal was two …..and mostly “No service” !20170310_153747000_iOS

Honestly, it’s a nice break. Emails are only sporadic at best.

Texts work great, thank goodness the financial industry is crazy about Twitter….

The super economic numbers are coming through loud and clear … without any outside opinion verbage … kinda nice too !!

If you have an emergency, an email is fine as the team is catching all emails … thanks guys !

Have a great Friday!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

Travel Schedule Update – Spring Break — Break In- GREAT ADP Report

 

I will be out for travels later this week and all next week on Spring Break. Oddly, the final destination of this trip may be without an internet connection as we head to an unfamiliar place that may not have a good connection to the outside world.

Due to this fact, posts will likely be very light if even existent over the next week.

Without me, you get an increase in IQ as Donald “The Brain” will be manning the ship!

Hopefully I will be checking in soon from the road… if not, there will be lots of words the following !

BREAK IN – 

A very large ADP employement report was released this am… Large as in workers hired — This likely means the FOMC will for sure raise rates next week and higher rates across all terms may be on the horizon … More on this soon… !

Have a Great Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

Women Owned Businesses Booming

In 2015, a BMO report noted that women controlled greater than 50% of the wealth in the USA and that amount is increasing rapidly.

With a hugely dominant group of clients that are Women this is not surprising to us at all.

There are certainly still industries that are predominately men, but the changes are correctly occurring rapidly.

Women Owned Business

20170305_162028000_ios

Top Cities with highest Growth in Women Owned Business

  • 1. Memphis – 122.2%
  • 2. Detroit – 121.4%
  • 3. Charlotte – 105.4%
  • 4. Miami – 94.7%
  • 5. Orlando – 83.5%
  • 6. Atlanta – 75.8%
  • 7. Dallas – 74.3%
  • 8. Houston – 70.4%
  • 9. Las Vegas – 69.8%
  • 10. Austin – 65.2%

Very Well done !

Have a Great Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com