Welcome to our Video and Audio Podcast Review of our Q1 aka Winter 2025 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 the Download button below, for a 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! We hope you enjoy!
Break In – Awards – Money and D Magazine
Here are the rules and parameter links– We were not compensated and paid nothing for these awards
Q1 Winter 2025 Newsletter
(YouTube)
Allocations Changing as Contributions Turn to Draws
$100k with a $1k annual contribution
$100k with a 5.5% Draw – No good
$100k with a Balanced portfolio and a whopping 8% Draw – Never do this only for illustrative purposes
Buffett Analysis
Building a War Chest with pretty good timing
Back of the napkin Macro Valuation = Expensive
Tax Tips today for 2024 Savings
All available Until you April 15th filing with the SEP being extendible
SEP or Simplified Employee Pension – This is a beefed up IRA for consulting or direct non W-2 Income that will allow a significant 25% offset against your Net Income from that source of Income.
IRA – Individual Retirement Account – Phased out at certain income levels, this can be a tax saver for those with no other option, and we only like doing them if you are able to deduct them, not a non deductible IRA.
HSA – Health Savings Account – See our related article on finally being able to help with these instruments, but another favorite for those of us with High Deductible Health coverages, check with your provider to see if you qualify. These contributions are tax deductible and do not phase out, no matter your income level.
Roth – The after tax IRA – While limited in income levels, this after tax, tax free growth and retirement withdrawal is an excellent savings vehicle. This contribution does not offset income taxes.
HSA – Finally some options for handling
Here’s how the process works:
Send us your old HSA Account statement(s) – Each carrier will have a completely different transfer process
After we clear everything open a Lively (LivelyMe.com) account AND a Lively Schwab account at the same time – Carefully taking the Schwab account number at the time of opening
Begin the transfer process promptly after opening the Lively account at there is a 30 day window to complete the process – So we must be ready to go when we open the account and we must be careful to roll the funds over correctly so as not to cause tax problems for the next filing tax year
Given the trials and tribulations and extended time period using ourselves to transact and effectuate the original process we would ask that you please have your patience hat on as there is somewhat of a lack of control.
Talk to you in the Spring!
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
