Our Favorite Pension Plan Beneficiary Option Reminder – Survivor Option Review

For those that still have a pension plan, congratulations, you are lucky!

With longer living (thank goodness) becoming more frequent, many pensions are being withdrawn from the market, replaced by the fancy termed Defined Contribution Plan aka 401k –

If you have a Pension plan, at the time of commencement, you have an irrevocable choice to make – Make it carefully.

Our Favorite Pension Plan Commencement Distribution Option

This is by no means a cart blanch recommendation for EVERYONE to make this decision, however many may be best suited by one of our favorite options –

100% Joint Survivor-

We like this option for the following reasons:

  1. No change in cash flow for any parties not matter the mortality of each
  2. Statistically this is the may be the best option for getting the most money as this will pay until both participants are deceased
  3. Easy to understand – You get a monthly deposit that stays constant

Words of Caution

  • Do not take this decision lightly as it will be irrevocable
  • Careful on taking your pension as a lump sum, this may not always be the best decision
  • Keep your beneficiary paperwork safe – with mergers and changing of plans, you want to have proof of your decision in the future if ever called upon
  • Frequently we see a ton of options – don’t bite on a bad one – there are many that are better for the company than the participant, not surprisingly
  • If you are single, it may make sense to take your pension earlier – Only one beneficiary makes this decision more complicated and this is also the case for Social Security (our most famous public pension plan!)

This post is just a reminder as we have run into this a few times more frequently recently and wanted to get the word out there once again!

Reach out with ANY questions!

Have a Great “Pension Benefit Reminder” Day!

John A. Kvale CFA, CFP

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

It’s Called Summer Doldrums for a Reason, but it creates a Strange Jumpy Market – Travels – Friday

While many think the world of investing as huge, high-tech computers churning fancy algorithms and placing ultra fast, millisecond trades –

Some of that is true, but behind each fancy machine is a human, who can throttle down the machine or even turn it off – yes – it happens more than many know.

Summer Doldrums

With a human behind the scenes, and many folks being on vacation or “out-of-the office”, summer markets frequently have the majority of their movement in the first few minutes to an hour of trading.

Markets jump at the open, then flat line the rest of the day – not always of course, but VERY frequently – summer doldrums.

This is what leads to the up day, followed immediately, frequently, by a big down day – basically going no where, but seemingly a rocky ride.

Not to worry, earnings are good and day by day, as we travel our Road to Seemingly No Where – valuations are getting cheaper!


While not on the 10 best engineered project, this was a first time visit for two of the family members – it was a national tennis tournament, luckily with great results (six wins out of nine matches) – this was an easy one to guess? – Ok, we did not announce this trip due to the back-log of posts we wanted to get out to you – apologies, we will not leave you hanging very often!

Easy Guess?


The temp went over 100 degrees – breaking all kinds of records for this area way up north! Go Figure!

Have a Great Weekend and enjoy your Friday!

John A. Kvale CFA, CFP

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

10 Most Impressive Civil Engineered Projects – How Many Have You Seen In Person?

Near quarter’s end we end up heavy and deep into the “Financial Stuff” which at times can be BOOORING – We know and apologize…

Here is a challenge from a terrific graphic from our friends at Visual Capitalist –  not directly financial HEAVY stuff…

How Many of these have you seen in person? I bet someone out there has seen them all – let us know !

No cheating – you had to have been there in person with your own two feet! haha

10 Most Impressive Civil Engineered Projects


Full Disclosure – only two for yours’ truly – But not giving up, there is still time!

Have a Great “10 top Civil Engineered” Day!

John A. Kvale CFA, CFP

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

Second Quarter 2018 Cover Letter Review

On the road to nowhere? Or are we?

While capital markets around the globe may seem subdued, especially compared to last year’s movements, looking beneath the surface there is much going on.

Increased Company Earnings

With the corporate tax cuts, earnings are increasing. Public companies are enjoying terrific earnings growth and logging excellent earnings reports as the year continues. With little movement in capital markets and increased earnings, valuations by most any measure, are becoming less expensive. Also, worth notice in our Q3 Newsletter is a detailed article concerning lowered numbers of public traded companies, a possible source of different valuations moving forward.

Financially Happy Consumer

Broadly, the consumer from a financial standpoint is doing well. A happy consumer, leading to a more freely spending consumer, is an important point for the United States since the Gross Domestic Economy is made up of over two thirds consumer spending. Much of this financial happiness comes before a lower tax burden, likely to be felt by consumers next tax season – again in our Q3 Newsletter there are multiple family scenarios detailing the tax savings due next year.

Interest Rates

Market participants have digested multiple rate increases in stride, unlike times before. With gradual rate increases already occurring in the year, and more expected, normalization of interest rates is occurring without the fears of past. Being the first time in almost a decade to have rate increases, we are on Inverted Yield Curve watch (detailed article again in our Q3 Newsletter) as a possible predictor that rates have moved too far, and a signal of a possible recession. So far this has not occurred.

In closing, our patience theme from the beginning of the year seems to be still best suited.

Have a Great Summer!

John A. Kvale CFA, CFP

Q 3 2018 Newsletter Video Audio Podcast Review By John Kvale

Welcome to our Video and Audio Podcast Review of our Q 3 2018 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 2018 Newsletter

And here is your review!

Inverted Yield Curve

In this hugely in depth article was originally ran in abbreviated form, here, here, here, here and here on street-cents.com-

Here is the key graph-

2s 10s Spread W Recession sfredgraph

The inverted yield curve has been a good predictor of recessions.

Three Key Tax Items

In our detailed article in the Newsletter, we address the three key tax change items-

  1. Higher Standard Deduction
  2. Lower Tax Rates
  3. Less Deductions


Where have all the Stocks Gone?

In this Article we discuss the absence of stocks over the past several decades, leading to possible higher valuations.

2017 Declining Stocks US and World Comparison

Enjoy your summer-

See Ya next Quarter!

John A. Kvale CFA, CFP

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

Big News! Our Firm is Growing Again – Happy Fourth!

We have had a year of change with Cathy’s retirement and other moving parts. But we have some really big news to share –

Because electronics moves faster than snail mail – although we still enjoy the novelty of our Newsletter – Here is the big news of the year from J.K. Financial, Inc. – also included in the coming Newsletter!

Our Family Firm is Growing Again20180521_161247317_iOS

Congrats to Randi and Donald as they are expecting their third boy in the fall – luckily if all goes well, we MAY get to see the new guy at the Holiday Party- which is slated at the same Saturday before Thanksgiving!

Congrats to the Capones – Great parents, Great Family and a Great new welcome to the world later this year!

Fourth of July

We wish all well and a safe celebration on Wednesday of this week as our domestic friends, family, and clients celebrate our founding – This year we are getting ahead of the friendly jabs from those not originally from the USA – We know it’s not your favorite holiday- haha – Enjoy anyway!

Be safe, enjoy the middle of the week day off and talk to you on Friday!

John A. Kvale CFA, CFP

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

June 2018 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our June 2018 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.

June 2018 Video

BREAK IN : Summer Project Update – Finding Your Lost Money

Wow, we have had fun with this — our biggest find so far is a little over $5k AND COUNTING – keep your eyes on your email for a summer present if we are fortunate enough to find lost funds in your name – also send us your relatives who may have fallen out of connection with … well their hard earned money!

Pot of gold luck-152048_1280

Financial Planning Tip (s) –

To Itemize we must CLUMP

In our clumping post here, we discuss the need to clump – look no farther than the following hand written graph for the reasons- Standard deductions and limited itemizations make it hard to do every year!

Clumping Taxes


Handy Travel App

This is one of the few apps that has paid for itself many times over in less than a year. Not to mention the convenience or quick, email forwarding logging of the trip. That is just the tip of the iceberg as mentioned in our article here.



Updated Tax Rates Compared to 2017 – Personal

This nice chart from the Tax Foundation shows pretty much across the board – see more details here and our coming Newsletter

TAX Comparison 18 to 17 FINAL-TCJA-Filers-Chart

Expect much more on this throughout the coming months as we dig DEEP into the actual rates and the planning techniques necessary to optimize our tax liability …. One Important five letter word…. CLUMP – more later on this in our Newsletter

Capital Market Comments

Stunning 50% Drop in Public Companies

Over the past several decades, there has been a greater than 50% – yes, 50% drop in publicly traded companies in the USA – same demand, less supply may make for higher prices moving forward- or at least the sustainability of higher than historical prices- read more here and our Newsletter!

2017 Declining Stocks US and World Comparison


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.