Hello and Welcome to our March 2026 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 shortened podcast like audio format as well as a Video!
Newbies –
We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets thoughts and current events!
Hope you enjoy!
March 2026 Video
YouTube
Financial Planning Tip(s)
Taxes – Tips – Reminders – Findings
Tax savings tips for 2025 – It is still not too late-
The SEP -Simplified Employee Pension – One of our absolute favorites due to the ease of establishing and minimal continued reporting. Think of this as a high horsepower IRA used to offset 1099 income. You can even contribute to the SEP, and your normal W-2 income 401k as long as these are different sources/companies/entities. For reference, think of an outside consulting job that had no W-2 withholding.
HSA – Health savings account -Another favorite, but harder to qualify. If you have a high deductible health insurance plan and or your entire family is a part, you can do an HSA account. To be sure, ask you insurance provider or HR for eligibility.
IRA- Individual Retirement Account – The legendary, IRA is an oldie but goodie. With the advent of 401k’s and income restrictions, this legend is not as available as it once was.
Again, from our 2025 Tax Sheet-
Traditional deductible $7,000 with an age 50+ $1,000
Income limits, If covered by a plan: $126,000 – $146,000 joint $79,000 – $89,000 single,
If one spouse is covered by a plan: $236,000
ROTH IRA – Our last favorite, note our Donor Roth article also in this Newsletter for more funding ideas.
With new income limits to 401ks mandating catch ups be made to Roth accounts, there will be many of these accounts in the future.
These are IRA accounts with a $7k Maximum contribution for 2025, but with a Roth title Funds are after tax, grow tax deferred and are distributed in the future without taxes.
Overpaying/Mistake tax items we have seen!
In this recent summary of findings tax post we discuss the key items we have seen this tax season –
529 Distributions showing Taxable – If the distribution was used appropriately (you would know if it was not) it SHOULD NOT be taxable – Check the entries – new wording is causing problems – Make sure your distributions are not adding to our taxes !
Lack of Basis/Everything has a Basis – If you see something on your return showing a 100% gain, there are very limited situations where there is a zero basis – Again you would know if it was – This is easy to miss, and as far as we know, NOT adjusted by the IRS … if you forget to report the basis – This results in Extra Taxes paid that will likely never be corrected! Ouch
Qualified Distributions – If you rolled over your 401k to an IRA or Distributed some/part/all of your RMD to a charity – MAKE SURE it is not coded taxable -Again from what we have seen in the returns, this is easily missed and could create a tax bill that is never reconciled by the IRS! Ouch # 2!
Capital Market Comments
Making Cents of the Senseless Markets
In this post, we summarize the various assets that are affected by the sudden move in Oil! CPI – Consumer Price Index being the biggie! but not the only!!!
Have a Great Day talk to You at the end of April – 2026!
John A. Kvale CFA, CFP
AI Content Authenticity: -. All of the following written content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note so when used.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
