Personal Update Reminder Story, Broken Water Heater at 8222 Douglas … Pertinent Article – When NOT to file an Insurance Claim … USA Today and ABC News Runs Our ORIGINAL Article …

While at the Perot Museum putting the final details on our November 14th upcoming event … this text hit Jen’s Cell …

Water is leaking in the kitchen and has covered the rug ….

followed shortly by…

Building people are here and have stopped the leak ….

Not even knowing each suite at our building had a small water heater for hot water, we were surprised to find our little friend had given up existence after what seems to be several decades of light use at most:

Water Heater JK Financial

Just by coincidence we were reviewing our Insurance Coverage as the annual bill was in our hands for payment, AND the Perot Museum was asking for coverage as well.

In knee jerk reaction …NOT thinking of our own earlier-written article (see following) the phone number to the insurance company was found, but never dialed…. thankfully …

For the record, we are paying out of our own pocket, a very reasonable rate to have the baby water heater replaced as it is mandated by our lease, but we never created a CLUE report…

Original Post – See Below:

A few years back, came to us and asked to write articles occasionally. With good feelings and spreading the better Financial Planning word in mind, we accepted and our first article hit the printers. The following is from the original post here at AFTER the article had run in the appropriate channels.

USA Today NBC News Runs Our Article

On Monday, August 3, USA Today ran our Insurance claim related article… that originated from YOU, the best friends and clients in the world.USA Today Article Circle JK

After originally being published by and having  ABC News run our article, we thought surely we were done … Nope…

ABC News ArticleThanks USA Today, we enjoy your publication very much … even more now!



Here is the Original Article in Full

One of the main reasons for having insurance is to offset risk, especially major risks and losses. We pay many insurance premiums throughout our lives to various carriers for a multitude of different risks. When a possible claim occurs, an initial thought might be “I am finally cashing in on some of those premiums!”

Think Twice Before Filing a ClaimUSA Today Article Circle JK

Not only do you want to strategize before filing your possible claim, you might want to hold off on even calling your insurance company. The premiums paid in our lifetimes reflect an amortization of the possibility of the risk occurring. The greater the risk, the greater the premium. If you are a constant “claimer,” your premiums will reflect this.

Do you have a CLUE?

Various carriers have been known to treat calls as a claim without the insured’s knowledge. Comprehensive Loss Underwriting Exchange, CLUE, is a database that keeps records of claims. LexisNexis offers a handy service that allows easy research of five years of claims data. It is a terrific service as a buyer but not a database you want to land on accidentally from an inquisitive phone call.

The easiest defense against this problem is to know your coverages and your deductible amounts. With the knowledge of what your insurance covers and the amount (i.e. ring, roof or fender) you are armed with the power to make your own decisions and not put yourself in a possible accidental or unworthy claim.

Speaking of deductibles, if at all possible, carrying a high deductible will likely save you money over the long term. Most insurances can be looked at as a defense for a major event. Not reaching to your insurance to cover minor or lower cost repairs or replacements is a terrific defense against higher long term premiums. If you are a claimer with lower deductibles, it is highly likely you will have higher than necessary premiums in your lifetime. One important planning tip is that it is critical to have adequate emergency funds available to cover all of your deductibles. ABC News Article

What are some examples of NOT filing a claim?

The easiest example is a car accident that is just barely over your deductible. It is likely that a $1,500 or even $2,000 claim against a deductible of $1,000, through eventual higher insurance premiums, may quickly turn your claim into a negative financial transaction over the longer period of time. Thinking of your premiums again as an amortization of your claims will help you in determining if you should file a claim or not.

Filing a claim against an asset that has been depreciated in coverage to a small dollar amount may not only hit your CLUE report but could also result in higher immediate premiums, plus put you on the list for being dropped should you have several other claims in a short period of time. If you are dropped by a carrier, your new carrier with this knowledge may adjust your NEW premiums accordingly, as a higher risk. Not all carriers will even offer coverage to someone who has been dropped. That’s another reason to think twice before filing that claim.

Your cherished ring was lost accidentally. Your deductible is $1,000 and you think the ring is worth $3,000 but you have not had it appraised, was not itemized on your policy and have no way of proving the value. It is highly likely you will get little, if any, by claiming this loss and your file will be marked with a claim.

So when should you file a claim, sometimes quickly?

Automobile accidents that involve an injury, personal liability or severe damage to another vehicle, even though your car was not harmed are cause to pick up the phone and bring your insurance company up to speed with the situation. Tell your story first, directly to your carrier, in order to protect yourself and arm your carrier with as much information to help defend in the situation.

Catastrophic damage to your asset is clearly cause for notification and in most cases, the sooner the better. Major geographic damage often causes a large backlog of claims all at once, making it better to be at the front of the line.

Lastly, another money saving tip, if you decide to pay out of your pocket for your repair or replacement, be sure to let the service company know this. There are often different prices for insurance related and out of pocket services.

Have a great “No CLUE Report” Day !

John A. Kvale CFA, CFP
8222 Douglas Ave # 590
Dallas, TX 75225JK Street Cents Logo

Part 4 Social Security Comments … Hopping a Hurricane for Summer’s Second Looong Tennis Tournament – Friday

Hope you enjoyed the mid-week Social Security post audio and coverage around it. Thought it very interesting that an increase in Social Security full retirement age would likely do no good for a total Social Security savings/cost standpoint. Seems very frequently there is some public banter about raising the Social Security age to save future Social Security expenses.

You heard is here, from Clark the expert, that is just not the case!

Tennis TravelsSophia Serve Grand Slam

Mid-week it was brought to my attention that hurricane Barry was barreling north towards the US coast line from the Gulf – must’ve had the head in the sand … some reason thought it was in the Pacific.

No matter, today the 14-year-old tennis player and I take off to hop the hurricane for the summer’s second long tournament. Clay is much different than Hard courts, but she has played on it before – In true win or go home fashion,  winning begets the opportunity to play for a full week!

Thank goodness for technology and frequent flyer miles.


Ahhhh …. but I digress … today is a Friday, smack dab in the middle of the summer – it’s getting hot here … but that’s summer isn’t it?

Stay cool!

Have a great day, talk to you remotely next week!

John A Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Part 4 Social Security Expert Tom Clark -In 1983 they raised full retirement age, will they do that again in the future? Very Interesting Answer

Given a few of the statistics that occurred during our Social Security event, it was very interesting to hear Mr. Tom Clark almost emphatically refute the fact that Social Security full retirement age would possibly be raised in the future.

What’s interesting is, it’s not for the reason one might think – saving money!

Will they Raise Full Retirement Social Security Age Again?3-20-19 - Invitatation to SS Info Event with Tom Clark_Page_2

Since Social Security is a social program and is not ONLY retirement benefits but disability benefits as well …. by listening to the audio Mr. Clark quickly explains an increase in the full retirement age likely would do little to no good from a cost standpoint. Clark even quotes a study with slight disbelief  that raising the rates over age 68 would do no good anyway – no matter, what happens is it’s a declining margin by increasing the full retirement age..

The short audio is very interesting have a listen:

Multiple Audio for Different Devices – Mr. Tom Clark – If first does not work, click next file – all are same audio, just different formats:





As a last resort – Click Here for Direct Link to Audio Posted on our Special Social Security Page

Have a Great “Very Unlikely to Raise Full Retirement Age” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Q 2 Quarterly Review Cover Letter

The big news this quarter happened near the end of the quarter in mid June.

Near the end of 2018 the FOMC, led by chairman Jerome Powell, were on record to increase rates three additional times after their late in the year .25% increase. Capital markets threw a gigantic hissy fit. Fast forward a mere six months later, Powell lead FOMC are no longer interested in raising rates and maybe even considering lowering rates, a possibility virtually no one thought probable late last year.

Capital market participants have a way of making their feelings known – it does appear that the hissy fit late 2018 was in response to too fast of a rate increase. While we may never know for sure, post Powell chairman negation of further rate increases, and possible future lowering of rates were met with capital market participant applause.

We still feel there is a lot of ground to cover before an actual rate lowering may occur, and with market participants pricing in an expectation of late July lowering of rates, certainly there’s a possibility of disappointment.

For the moment it appears that interest rates will not go higher, and will at the least stay where they are for the foreseeable future and maybe even go lower from the current 2.25% to 2.5% threshold.

Tariffs and the Slowing Global Economies

The lack of a tariff agreement has put, for obvious reasons, many company managers in a holding position. Combine this with some global waning of growth, and we have a slight macro slowdown.

Global slowdowns are normal, and should not be feared. Major downturn‘s are the crux of problems and are what the FOMC seem to be most fearful of above.

With earnings being the ultimate driver of capital markets, a slowdown would take the wind out of the sails of levitating markets

Inverted Yield Curve Update

The recent deeper and more prolonged inverted yield curve, not hugely inverted but definitely inverted may be signaling a recession to come. In our Q3 2019 newsletter we dig very deep into multiple charts and update our thoughts once again on the inverted yield curve. The bottom line with an inverted yield curve is no one knows when the eventual recession may occur.

While the investment skies are rarely sunny and blue, there are some overcast unknowns at this time. Sunny skies can happen very quickly with agreements and progress from different parts of the world.

We are conservatively positive, and look forward to how all of the cross currents play out in the next few quarters. Needless to say this is not a time to swing for the fences in investment portfolios, we would argue it’s never the time to swing for the investment fences.

Have a great summer will talk to you in early fall!

John A. Kvale CFA, CFP

Happy Fourth …. Office Hours … Stranger Things


Today, Capital Markets will close mid-day as will our office!

We will also be out on Friday!

Enjoy your Holiday Week – Be Safe out there!

Likely a binge watching of Stranger Things Season Three at the homestead….

Happy Fourth of July Week Day!

John A. Kvale CFA, CFP



Q 3 2019 Newsletter Video Audio Podcast Review By John Kvale

Welcome to our Video and Audio Podcast Review of our Q 3 2019 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.

Click Here for direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page

Let’s get going!

Q 3 2019 Newsletter

Click for PDF/printable version of Newsletter

And here is your review!

Why We Write!

Here we are again:20190630_133340742_iOS

We had planned on leaving this out due to repeated appearances here in our blog and in the Newsletter – but in true “Break In” like format, as this post is completed and the video – hopefully the local wifi is strong enough for uploading … the time is spent in Austin Texas at this moment in another rain delay- the same exact place the original article was written!

Tax Talk/Review

Change Likely the New Normal

After two decades of only minor changes in the Tax Law… it was overhauled and many changes were made that were reflected in our 2018 tax returns.

This neat chart is a nice reminder of the current brackets and can be helpful in income distribution tax bracket management.
Tax Bracket Graph

Inverted Yield Curve Update

This chart featured in our Newsletter is a slightly different term comparison of the 2 year (we like the 90 day) versus the 10 year, but a wonderful historical view of inversions and recessions. We have fully inverted for over a month now and if we use this historic guide as our yardstick a recession would be in the cards mid year 2020!

JPMorgan Inverted Yield Curve History

Social Security Update3-20-19 - Invitatation to SS Info Event with Tom Clark_Page_2

We have begun a detailed review of the late spring event and it is going great. Weekly we dissect a section of Social Security Expert, Tom Clark’s presentation and give handy links to greater details and explain in bullet fashion the main points. Here is a link to the Audio on a special page here at our blog and you can also click here for a link that will pull up each complete post!

There are tons of nuances regarding Social Security, Disability, Death Benefit and Medicare decisions…we look forward to discussing many more with you as the summer weeks occur!

We hope you enjoy … talk to you near the end of Summer!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

June 2019 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our June 2019 Financial Planning and Capital Market Update!

If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast format as well as Video!

June – 2019 Video


Break In:

The Perot Museum Thursday November 14th, 2019 from 6:30 to 9 PM for a fun filled event!

Newbies –

We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets and current events!


Financial Planning Tip (s) –

Password Safe Keeping Idea and 1 Minute Video

After attending a conference that mentioned multiple times the troubles associated with Digital Assets AKA your passwords, a brain storming session led to this terrific post about how to safeguard your password, upload to the private portion of your Vault, password your document, and then refresh occasionally. A possible Excel file with links that is itself heavily/strong password protected!

We even completed a video and added it to our Video page on our main website here!


Capital Market Comments –

FOMC Pre and Post Meeting Update

Here in the Preview meeting post and with Robert Kaplan audio (below) explaining how he and the FOMC (Federal Open Market Committee) go about determining what to do with rates, we also mentioned many expecting a LOWERING of rates….just a few quarters ago, unthinkable.

Here is the Kaplan Audio:

MP3 File

Wave File

Post meeting Market Participants…

Fast forward to our Post Meeting Post here , and while we did not get a lowering of rates, the great consensus feel like the following quote signaled they are coming all garnered from this statement and supported by the lowered GDP expectations – chart below:

“…. but uncertainties about this outlook have increased…”

6-19-19 GDP Estimate FOMC

For a sleepy time of the year, there is a lot going on – That’s what we are here for!

Have a Great Day – Talk to you at the end of July!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.