Author Archives: John Kvale CFA, CFP

Big Data … Searching our Blog, Street-Cents, for Information, Two fast and easy ways

This post will make the 1304, yes,  THIRTEEN HUNDRED AND FOURTH post. Never thought it would be so much fun to inform, define views, hold folks accountable, and just speak our minds occasionally.

Big Data on our Blog, Searching for Informationcropped-d930ef057d0bc16336f1561c33ad98dba5725d9f6c77e7d905pimgpsh_thumbnail_win_distr

Constantly we look back at our posts for information, not only our views, but in almost every post we have a link to sources, the initial data, and peripheral information making a review of the deep dive we did to present you the post easily accessible.

How to search http://www.street-cents.com for information, two easy ways:

Both search methods are simple and near the same area of the page on our street-cents home page.

Broad Search by Topic

A Broad Topic Search can be completed by scrolling to the “Category” tab on the right side of the main page of our blog and clicking the topic of your choice. The results will be all posts related to the topic.

Specific Search by Word

A more specific search can be accomplished by again scrolling to the right side of our blog site and entering a key word in the “Search Our Posts” section.

Example 1. By searching in Category > “Estate Planning” you will get our most recent posts which are :

  1. Just How Complicated is the Probate Process?
  2. Job Change or Retirement? Here is a great reminder checklist
  3. Coming Soon ANOTHER Sizzling New Vault Feature – Estate Planning Flow Chart (Clients)

And if you continue scrolling, the auto update feature of our blog site will continue to bring up tons of historical posts, all about Estate Planning.

Example 2. By entering “401k” in our “Search Our Posts” section, you will get the following:

  1. What to do if you overfund your 401k/Retirement Plan and how to prevent it from happening!
  2. 401k Reminder – Friday – Travels Abound
  3. Time to confirm you are maxing your retirement plans — 401k, 403(b), 457 type plans!

And once again by scrolling down, you will see literally dozens of articles, sources, data and links to the details we researched when presenting the post originally.

We utilize these search features constantly ourselves, and thought it would be handy to share our secret with you! Hope you enjoy … Happy easily research/reviewing!

Have a great “Searchable Information” Monday!

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

Social Media Legend – Two Cool Comparitive Charts … 2008 versus today … Enjoy your weekend!

Social Media in it's broadest definition touches us all in one way or another.

You reading this, and us publishing, is a form of social media!

We found it very interesting to see what Social Media looked like nearly a decade ago.

From the cool sight of Visual Capitalist and authors noted:

Social Media Legend 2008

Of course a lot has changed … lot's of mergers, deaths and faded memories!

Social Media Today

We are interested in reviewing as many of these are news to us.

Enjoy your weekend!

John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
http://www.jkfinancialinc.com
http://www.street-cents.com

1 Minute Video, How to get into Your New Total Vault … First in a Series …

You are on the run …

Time is short, as is the day …

Heck, we often times pass up useful videos do to length …

Bet you can spare 1 minute!

New TOTAL Vault Video Series …

How to get into your New TOTAL Vault

 

Have a Great Day!

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

 

 

Why not to add AFTER tax funds to your IRA!

Every penny we save is great. On a daily basis we are bombarded with buy now pay later, so while it may sound contradicting, there are less complicated ways to save and more difficult ways in the end to save.

Perils of After Tax Dollars in an IRA

After tax dollars as opposed to PRE-TAX (deductible from your income taxes) funds in and IRA are not your friend.

  • Upon eventual distribution you must calculate a distribution basis which will be different from your actual distribution – Easy for the IRS to confuse
  • You must carry the basis on your tax return- forever- IRS Form 8606 must be filed to keep up with your basis
  • Your heirs may also have to deal with this basis upon your death
  • From a really high level, it is confusing

How Do After Tax Funds get into an IRA?

There are two basis ways after tax funds enter or get added to an IRA:

  • After-Tax – Non-Deductible IRA contribution: (Very popular about 15 years ago)- Please save the money, but look for a better way to save it and avoid this method
  • 401k or other Corporate Pre-Tax retirement plan is rolled into an IRA along with the after tax funds- Easy fix- Look to take the after tax distribution directly thereby separating the PRE and AFTER tax funds-
  • Watch rollovers that contain a Roth contributions as these are after tax and may be directed to their own separate account, once again simplifying the process

It’s not the end of the world if you have after tax funds in your IRA, great work for saving the funds … But if you have the choice, avoiding comingling after and pre-tax funds in your IRA or other similar retirement account may save complications later!

Have a Great “KISS- keep it simple” day!

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

 

 

Coming soon, Fun 1 Minute Videos for the New Vault … Annual Extended Stay Travels Begin … Friday

Next week we will start rolling out our 1 minute (I promise on the time…not easy for a chatty .. haha) fun educational videos with yours’ truly sharing a few fun features and techniques for our New Total Vault.

None have been recorded so far, but we look forward to sharing and having fun with the videos as we all learn our New Vault features together.

Annual Extended Stay Travels20160805_122810648_iOS

As you read this, the wheels are turning towards our annual extended stay trip with fellow advisors,  lots of family, friends and of course a Tennis tournament in the middle of the trip back in Texas.

So far the technological upgrades are doing great and we look forward to putting them to the full test this year !

Friday

We are half way through the summer according to the little ones in our gang … they are not happy about heading back to school, but it’s all good.

It goes fast, enjoy your Friday, heading into a GREAT Summer weekend !

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

 

 

 

How we spend our Money, a 75 year comparison….

A while back I wrote an article for credit.com which included a section on spending habits and the amount of funds we spend on different items in this country. (Here is the full article.)

From our friends at Howmuch.net and Visual Capitalist

This updated and more neatly compiled chart shows our spending trends over the past 75 years.

how-americans-spent-their-money-in-the-last-75-years__f_-f285

Scanning the chart from left to right, can you tell which has risen the most?

Of course, far right… Would that be Healthcare? … With all the banter, surely .. Nope!

How about Food? It certainly costs more to feed a family these days … Nope!

Housing, you got it, Housing costs have soared … this fits into our mantra of the latest Newsletter main theme

Be careful out there!

Have a Great Day!

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

 

Rates Rise and No One Blinked, Report Cover Letter

The once dreaded and feared interest rate raise seems to have run its course from a fear standpoint. Just a few quarters ago when Ben Bernanke was the Federal Open Market Committee (FOMC) chairperson, the whisper of a long-awaited rate hike lead to market calamity and many to believe rates would be permanently artificially low.

Near the end of this most recent quarter, current FOMC chair Janet Yellen raised rates to the 1% level, a level not seen in almost a decade and without much capital market trepidation. Longer term the short-term interest rate controlled by the FOMC may not go all the way back to the higher levels once seen historically, however a 2-3% rate would still be stimulating from our perch. It is possible the gradual move higher will extend this current economic expansion.

Speaking of rates, in our Q3 2017 Quarterly Newsletter we do a complete deep dive on interest rates, among many other items, that may have changed Residential Housing Prices movement for the foreseeable future. While so many argue of reasons for Housing volatility, the answers are less vivid than many may think.

Continued optimism from company executives seems to have given them confidence to expand their businesses dropping the unemployment rate to levels many thought not possible via hiring’s of workers. It is possible an employed consumer is a happy consumer who is also a consumer who spends more. With consumer spending making up over two thirds of Gross Domestic Production (GDP) this bodes well for domestic and world growth, as long as it continues.

Given low but rising interest rates (finally) a happy higher price valued Home Owner (again full details in the Newsletter), a happily employed consumer, it is no wonder many assets and most capital assets, especially the US markets are priced to perfection (high compared to historical values). The fantastic news is that our overseas counterpart capital markets are not priced as high and it looks like investors are finally beginning to warm to their markets. Our good friend diversification keeps us exposed to these markets as the possibly reawakening occurs. Look for more on this on our street-cents.com blog.

Summer doldrums?

Maybe, but we always keep our guards up as risk can happen fast, even if the less tenured folks are at the wheel of the capital markets.

Have a Great Summer!

John A. Kvale CFA, CFP

Q 2 2017 Cover Letter

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