RMD’s (Required Minimum Distributions) not taken can be taxed at 50%
In this reminder post (somewhat meant to frighten) we notify everyone, PLEASE do not delay in your RMD’s as the IRS is readily funded with new staff and the penalty is 50% of the amount not taken if they so desire….
Also with a continued bottle neck lack of workers …. many financial firms are on a “Best Effort” processing as of December 1! Gone are the last minute days of RMD’s act now!
Capital Market Comments
Rate Increase Discussions from “First Time in Long Time Conference”
Happily attending the first conference in over four years, the topic of interest rates came up, especially since a .75% rate increase occurred DURING the conference….
In this post, a chance meeting with Liz Ann Saunders … long time macro market strategist… we share our common thoughts on the fact the FOMC (Federal Open Market Committee) led by Powell are steadfast in their goals to slow the economy i.e. Slow consumption …. no matter what is takes…
Fort the record while short term rates are holding fast at a higher level, longer term rates have slowed their increases…. More on this as it plays out….
Have a Great Day, Talk to You at the End of December – Wow That Came Fast!
With a short turn around trip early this week and a bit of a Thanksgiving whirl wind conclusion…. ByTheWay Thanksgiving is really becoming a favorite Holiday – Everyone for the most part is “Thankful” …. some seasonal Movies commence that are usually light hearted and fun…. even some radio stations go 24/7 Holiday tunes… what is not to like? Ok… digressing…
With the end of the month coming, a make up from bad weather trip early this week…. and Donald the Brain with return home transportation troubles…. A lighter start to the week … speaking of music?
Billions Downloaded Music Club – Spotifiy and Visual Capitalist
See Below for details – tried twice and picture still not great quality
Here is the site from our friends at Visual Capitalist – Top 20 of a total 300 club!
Play count (billions)
Track length (secs)
Shape of You
Tones And I
Someone You Loved
Say You Won’t Let Go
The Kid LAROI
Don’t Start Now
Thinking out Loud
Have a Great “Ease into Holiday Season Post Thanksgiving” Day!
Office Hours – Out this week – Tethered for Emergencies
With all of our Families getting the full week off for Thanksgiving…. the decision was made to let everyone take some much needed R&R this week….
Yours truly is out of town and out of the state, but will be holding the fort down with electronics for any Emergencies that may occur…
DMA Post Party Fun – Pictures
The now 15 year old, Pierce, has a great eye for photography…. but a shy personality for taking picture of “Strangers” to him…. everyone at the party were like family of course, but not to him!
The pictures of anyone Pierce did not know, were …. well rough… but those that he did know came out great….and the DMA art, statues and other … we will let you make your own decision…
For the record privacy laws keep us from posting any pictures of non employee’s so you are all protected anyway… all is fair game for J.K. Financial, Inc. employees…
Oh…one last thing before we show you the pictures… with so many new followers, we plan on showing our most popular Video Ever … a non-edited frustrated, but humorous video from many years back…. We promise… last time!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, please consult your financial advisor prior to investing!
The is the vocal portion of J.K. Financial, Inc. a Dallas Texas Based Fee Only Total Wealth Financial Planning Firm. Founded by John Kvale, a Dallas Texas Fee only Financial Planner and Total Wealth Manager.