Author Archives: John Kvale CFA, CFP

ESTIMATED Dates of Tax Documents … Friday

While it only seems like yesterday that we finished last years (2020) tax returns, that light at the end of the tunnel is an oncoming 2021 due date….

As such, here are some of the delivery dates of tax forms.

Timing of Available Tax Documentation

  • Delivery of 1099s: Currently, we expect the first wave of 1099s to begin posting online on January 21, 2022 with Advisor and client notifications going out shortly after. Estimated dates for the waves are below:
 Target Delivery Date*Details
Wave 1Close of business January 21, 2022No holdings subject to reallocation (ex. RICs, REITs)
Wave 2Close of business February 4, 2022Low risk for reallocation; income reallocations finalized through January 29th
Wave 3Close of business February 11, 2022Clients with finalized income reallocations received from January 30th through February 3rd
Wave 4Close of business February 11, 2022Remaining clients
  • Correction Cycles - Begins March 3, 2022 and occurring every 2 weeks through April 14, 2022

There were a few questions this week on these, hence the heavy on a …….. FRIDAY!

Have a Great Day and a Great Weekend… stay warm if you are in our neighborhood, IF YOU CAN… talk 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.
  • jkfinancialinc
  • street-cents

New Uniform Life Tables Gives RMD’s a Slight Break … You are a Few Years Younger in the IRS’s Opinion! YAY

As the calendar turned to 2022, those that are requited to take RMD’s (Required Minimum Distributions) from their IRA and or other qualified taxable accounts, became a few years younger in the eyes of the IRS! YAY !

New Uniform Table Makes You Younger

If you did not feel younger after the turn of the calendar to 2022, don’t feel bad, the IRS sees you as younger … maybe living 10% longer….

What Happened?

The IRS updated their mortality tables as can be seen HERE in this terribly formatted release:

III. Updated Life Expectancy and Distribution Period Tables

The life expectancy and distribution period tables in these regulations have been developed based on mortality rates for 2022. These mortality rates were derived by applying mortality improvement through 2022 to the mortality rates from the experience tables used to develop the 2012 Individual Annuity Mortality Basic Tables (which are the most recent individual annuity mortality tables). As was the case in the proposed regulations, the separate mortality rates for males and females in these experience tables, which were based on the 2000-2004 Payout Annuity Mortality Experience Study,[11have been projected from the central year of 2002 using the respective mortality improvement rates from the Mortality Improvement Scale MP-2018 for males and females.[12The mortality table in these regulations was developed by blending the resulting separate mortality rates for males and females using a fixed 50 percent male/50 percent female blend.

What does it mean?

All other things being relatively equal, you will not have to take as much out/(pay taxes on) the distributions of our qualified account, because the amount may be less … YAY … thereby making you younger in the eyes of the IRS, because we are all living longer!

So we are younger, don’t have to take as much of and RMD, which means less taxes? Yep… sign me up!

Have a Great ‘Living Longer, Less Taxes” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.



Short Day, Long Holiday Weekend! , Great Topics Coming … Why Your RMD May Be Less than Last Year? … Back to Basics Part 2 … Inflation Analysis …

Long time followers have heard of times when the subject matter gets tough… Some Call it Writers Block, think it more Writers Fatigue… haha

Maybe it is the turn of the calendar… maybe excitement from new research and technology we have acquired…. No matter, the post subject glass is VERY full! Looking forward to delivering to you!

Short Day, Long Weekend

With most of our gang out at noon today, we will be following suit for the safety of fellow patrons on the streets!

Early release is due to the Monday honoring of MLK day, which means Capital Markets, Banks, Government entities and our office will also be closed… Enjoy!

Not to worry, with LOTS to talk about we look forward to sharing!

Have a Great Friday and super long Holiday Weekend!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.



“SLOA” – Standing Letter Of Authorizations Notice Reminder – Clients Snail Mail Letter Coming Soon of Linked Accounts

New rules of a few years ago, mandate a snail mailing of all standing authorizations of account linking.

Given the US postal service troubles over the last few years, and especially over the the last two, almost everyone who is a client … out of safety and convenience has an account linking allowing us to transfer funds to and from bank accounts, savings accounts and the like.

Coming soon via mail, is a relative new mandatory notice of these account links, that looks something like the following:

Take a peek, and if you see an old account that needs to be removed, just reach out and we can easily have the link terminated.

Have a Great “SLOA 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.



Fourth Quarter 2021 Review, Looking Ahead, Private Policy

As the year ended, we cannot help but look back, especially over the last two years, and maybe even farther, to the ups and downs that have occurred, and we are delighted to be on this journey with you!

Thank you for the Collaborative Journey; but “What Have We Done Lately?”

In true “What have we done lately!” form, as we look forward to 2022 and are always very careful to stray from a definitely forecast (burns from prior years attempts) we want to call your attention to the main article in our Newsletter called “The Anatomy of a Slowdown/Recession”.

We are not predicting a slowdown, nor do we want one, but we also know they do come, eventually!

The last decade has given us unique experiences that are somewhat muted from the normal slowdowns. A dramatic drop in 2020, followed by a dramatic and extremely fast recovery.  In similar fashion, two drops in 2018, one early in the year and one late. Collectively, all very short in time!

If we really show our age (mostly present party speaking here) and look back to 2007-2009, that experience was the opposite of a normal slowdown and the absolute antithesis of the prior mentioned slowdowns, long deep and very frightening. Only to follow a 1999 to 2002 similar dramatic slowdown (really showing our age now, but we were there!)

So back to What Have We Done Lately, as we turn the page on the new year many of our allocations may need to be trimmed back “lower our risk“ and this may cause us to incur taxes depending on the situation.

We are always cognizant of taxes, heck we hate taxes and try to minimize them at all cost,  but we don’t want the tax tail wagging the investment risk dog, and as such allocations and reallocations causing taxes but for the benefit of the portfolio safety may occur early this year.

Thanks again for enjoying the journey together, please make sure you are receiving automatic emails from our blog at as we post every MWF at 10:30 am CDT

Your Fourth Quarter summary is enclosed on the front page of this report we have included our most recent investment allocation from your Investment Policy Statement. This is also the time we attach our Private Policy Statement for the year, along with our opportunity to offer our latest ADV filings and Client Relationship Summary (Form CRS); Requests for review will be accepted via phone, mail or email, and mailed immediately upon request.


John A. Kvale CFA, CFP

Enclosure (2021Report, Private Policy)

J.K. Financial, Inc.


Our Promise to You

As a client of J.K. Financial, Inc., you share both personal and financial information with us.  Your privacy is important to us, and we are dedicated to safeguarding your personal and financial information.

Information Provided by Clients 

In the normal course of doing business, we typically obtain the following non-public personal information about our clients:

  • Personal information regarding our clients’ identity such as name, address and social security number;
  • Information regarding securities transactions effected by us; and
  • Client financial information such as net-worth, assets, income, bank account information and account balances.

How We Manage and Protect Your Personal Information

We do not sell information about current or former clients to third parties, nor is it our practice to disclose such information to third parties unless requested to do so by a client or client representative or, if necessary, in order to process a transaction, service an account or as permitted by law

In order to protect your personal information, we maintain physical, electronic and procedural safeguards to protect your personal information.  Our Privacy Policy restricts the use of client information and requires that it be held in strict confidence.

Client Notifications

We are required by law to annually provide a notice describing our privacy policy.  In addition, we will inform you promptly if there are changes to our policy.

Please do not hesitate to contact us with questions about this notice.


ES Payments for Q4 of 2021 Due On Tuesday January 18th Day AFTER Bank/Market Holiday

Happy Friday …. We made it safely to the end of the first full week of the new year! yay

Early this week the following email from the IRS hit our inbox in timely form, so we wanted to share!

Issue Number:    IR-2022-03

Inside This Issue

IRS reminder to many: Make final 2021 quarterly tax payment by Jan. 18; avoid surprise tax bill, possible penalty

WASHINGTON − The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes. Taxpayers who paid too little tax during 2021 can still avoid a surprise tax-time bill and possible penalty by making a quarterly estimated tax payment now, directly to the Internal Revenue Service. The deadline for making a payment for the fourth quarter of 2021 is Tuesday, Jan. 18, 2022.

The hotlink from the IRS email is hot and will take you to the IRS website for electronic payment, which we HIGHLY suggest you use.

Between snail mail slowness and the tremendous IRS back logs, sending a check in the mail may lead to a very delayed payment an even a loss of payment which the IRS would frown upon.

Have a Great “ES Friday 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.



Kastle Office Work Index Shows New Normal … Pivot Without the Blink of an Eye …

Had a much heavier post for today, but this hit the inbox early on in the week and my jaw dropped, so thought it worth sharing…

Kastle Back To Work Index – Fast Pivot

The Kastle Back To Work Index has been one of our favorite early finds, and is a fantastic idea of a mostly Security Monitoring service company using their resources for fantastic reporting…

So, looking back at last December (2020) there was a natural Holiday gravitation away from the office (Hat tip JH) …. but nothing like the fast pivot occurring most recently….

A smooth pivot to work from home and a slice down to half in two weeks…. amazing….

Kastle Barometer

Likely the world we live in from now on…. more of a mandatory progress…. but very interesting how fast society adapts….

Have a Great “Easy Pivoting” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.



December 2021 Financial Planning and Capital Market Review – By John Kvale CFA, CFP

Hello and Welcome to our December 2021 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 audio format as well as 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!

December 2021 Video


Financial Planning Tip(s)

First In Back to Basics Series – “The Emergency Fund”

In the inaugural post of a neat (well we think so) new idea, here in our Back to Basics series we discuss the all important Emergency fund.

This series is a review of the basics, and will serve as somewhat of a semester study of the Financial Planning foundations all the way to more advanced topics later in the series…. We plan on a mid month release of each part and somewhere south of double digit parts…. possibly with a video added to each for additional insights…. thanks in advance for sharing with those who may find this series helpful….

With the FOMC holding rates low currently, we remind that the Emergency fund is NOT investment funds, and as such may earn little if any interest in the current environment…. but that is ok, it needs to be safe, safe safe and very liquid!

We also discuss the size of the Emergency fund, depending on your situation!

FHFA Raises Conforming Mortgage Loan Amount

This post came to us due to the much larger than normal increase in the confirming (non-jumbo) loan increase amount. We have spoken at length on inflationary increases in a variety of assets, this includes homes and this much larger than normal increase in the non-jumbo Mortgage amount to $647,200 will be helpful in allowing more entry to many into the Residential Housing market, here is the actual article. and here is the link to the FHFA announcement…..

Capital Market Comments

Interest Rates and the FOMC – On Two Different Pages at Time of Post

With such importance on interest rates, the possible raising of the rates and the FOMC’s (Federal Open Market Committee) adjustment of rates…..

This post on FOMC’s rate increases, versus what the Markets are pricing in, was at the time very different. With Markets pricing in an increase in mid year of about 20% and AT THE TIME FOMC members saying a late 2022 if at all increase.

Fast forward to today and both the markets and the FOMC are saying a 60% increases in the Fed funds rate around March may be in the cards…. hmmmm

Have a Great Day, Talk to You at the End of January!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.



Happy Happy New Years !!!! YAY, Goodbye 2021 Hello 2022! YAY YAY, Our Covid Experience … Maybe helpful for some

We wish everyone a very happy new year as we welcome 2022 in at midnight tonight, hope you are able to spend it with those important in your life enjoy … will talk to you in 2022!

Our Covid Experience, A possible helpful pointer or two

Last week upon returning from a brief snowboarding trip with the 14-year-old, approximately 24 hours after arriving back said 14-year-old ran over 100° temperature for about 12 to 14 hours.

With a wonderful visit planned with my 93-year-old father and other family members, in an abundance of caution, Pierce and I each were tested for Covid.

On Christmas Day Pierce tested positive I tested negative.

Pierce post fever only had minor sniffles and I had no symptoms that could be absolutely pinpoint for sure … the temperature differential from the slopes to back home was almost 90° and would expect a runny nose and the like!

Feeling confident we were out of the woods but once again with a visit on the horizon, Pierce and I both tested positive in less than three minutes on a 15 minute rapid test on Tuesday of this week… visit cancelled….

No one else in the family tested positive and we feel fine except for maybe being a bit stir crazy.

Wanted to share this with you to let you know that the spread of this may be at least in part because there are no symptoms or very small ones. A good thing and bad … so to speak!

Needless to say we will as they say be … “home for the holidays” … Movies anyone?

Cheers, be safe out there everyone!

Enjoy the turn of the Calendar! Talk to you on the other side!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.



Q1 2022 J.K. Financial, Inc. Newsletter … Video Audio Podcast Review ! By John Kvale CFA, CFP

Welcome to our Video and Audio Podcast Review of our Q1 2022 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!

Q 1 2022 Newsletter


Anatomy of a Slowdown/Recession

In our main article, we review the last three drawdowns/slowdowns/recession for examples of how fast they occurred and the extremely fast recovery as can be seen by the main graph below.

We are not calling for a major slowdown/recession or the like, but we wanted to remind ourselves as well as everyone else, the last three drawdowns were not normal.

Longer drawdowns are the norm, and in the Newsletter Article we also go deeper into the Great Financial Crisis of 07-09, which was also not normal… it was much larger and much longer than the normal.

The past decade and a half have had it’s scary moments, but they did not last very long and were quickly attacked by the FOMC (Federal Open Market Committee) to give support in the system, fortunately very successfully. This may not always be the case, hence a reminder of the Umbrella use during sun shining times!

New Retirement Contribution Maximums, Best Practice, Tips and Tricks

The new retirement maximums are out at the IRS Website .

Again in our Newsletter article we remind those of smooth contributions throughout the year, UNLESS you have knowledge that may have you severed from your 401k some time during the year, in which a neat trick is to accelerate you contribution level in order to max that 401k out before you leave!

401(k), 403(b), Profit-Sharing Plans, etc.2022202120202019
Annual Compensation305,000290,000285,000280,000
Elective Deferrals20,50019,50019,50019,000
Catch-up Contributions6,5006,5006,5006,000
Defined Contribution Limits61,00058,00057,00056,000
IRA Contribution Limit$6,000$6,000$6,000$6,000
IRA Catch-Up Contributions1,0001,0001,0001,000
Traditional IRA AGI Deduction Phase-out Starting at2022202120202019
Joint Return109,000105,000104,000103,000
Single or Head of Household68,00066,00065,00064,000
SEP Minimum Compensation650650600600
SEP Maximum Contribution61,00058,00057,00056,000
SEP Maximum Compensation305,000290,000285,000280,00

We hope you enjoy … talk to you in 2022!

John A. Kvale CFA, CFP

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