Category Archives: Clients/Clients Only

Banks, Capital Markets, Government Offices Closed Today …

Last week we spoke of the sneaky quick Q2 ES Tax Payment due to a shortened government calendar of only 60 days from our regular Tax Filing date in April….

Today is a the second annual observance of Juneteenth, which was actually yesterday June 19, 2022 but observed today…

Neat positive thing…. we have been crowing over higher interest rates in almost every metric… today our fixed income safe money will be working extra hard for us… holiday or not!

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

The Sneaky Short Calendar Time ES Payment Due Date … Q2 ES Payment Due Today!

This Estimated Tax due date ALWAYS sneaks up on us… and it did again this year…

Why?

Note the short window from April to June – only 60 days…Yikes….

No matter, today is the day for Q 2 ES Tax Payments!

Tax Due Dates

Payment Due Dates
You can pay all of your estimated tax by April 18, 2022, or
in four equal amounts by the dates shown below.
1st payment . . . . . . . . . . . . . . . . . April 18, 2022
2nd payment . . . . . . . . . . . . . . . . June 15, 2022
3rd payment . . . . . . . . . . . . . . . . . Sept. 15, 2022
4th payment . . . . . . . . . . . . . . . . . Jan. 17, 2023*

  • You don’t have to make the payment due January 17,
    2023, if you file your 2022 tax return by January 31, 2023,
    and pay the entire balance due with your return.

Electronic Payment of ES Taxes

Here is the IRS tax website link, which is very easy to make electronic estimated taxes. Be sure to follow the instructions carefully as there are a lot of different options for making payments to taxes, and be sure to carefully enter your personal information so the IRS knows it’s you.

We recommend you do this electronically if at all possible…. the mail is still having issues!

Have a Great “Sneaky ES Tax 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.

jkfinancialinc

street-cents

Summer Friday … On the Way Back Home … Jen’s Turn Next Week …

Today is an early Summer Friday and our post Memorial Day family trip is wrapping up, bringing us back to the familiarity of our home, office and pets….

It was a super fun trip, with a slightly lighter work load, no TV – yep not a one, weak WiFi (still able to do the month end video post), Q3 Newsletter commencement (a positive look on things), sunshine, ET/east time (a favorite due to the early sunrise), fishing, and great family discussion time… oh and some terrific coffee too!

Next week we are back in the saddle… and with an eye on staggered off time, Jen get’s her shot… not to worry, being Financial Planners, we plan in advance… Donald “The Brain” gets his time in as well, later in the Summer…. we all sharpen the knife with some time away!

Ahhhh… but as mentioned earlier, today is a Friday… enjoy your day, the weekend … and 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

Summer Friday

May 2022 Financial Planning and Capital Market Review – By John Kvale CFA, CFP

Hello and Welcome to our May 2022 … 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!

May 2022 Video

YouTube

Financial Planning Tip(s)

Back to Basics Series – Estate Planning – No Fears of Fancy Terminology

In our continued fun “Back To Basics” Series here we discuss Estate Planning…

From the post:

Rather than go into the complexities of all of the documents, keeping with our “Back to Basics” theme, we are going to go into what you need to think about to easily complete all of your Estate Documents. Don’t worry about the fancy legal and financial terms, if you can answer the following few questions, your Estate Documents can be easily completed …

The hardest part of doing an Estate Plan is just starting…. Go ahead and read this post if you have been procrastinating its not hare once you start!

Lump Sum Offer Reminder

After running into an unusual offer from a Pension Buy Out, we reminded ourselves these generally come in Waves….

In this Pension Buy Out Reminder post we discuss the most important items…

Trust But Verify, offers can be wildly in accurate!

Capital Market Comments

Look Forward, Not Back

In this early month post here, we discuss Jerome Powell’s 180 turn from stimulus to brake and in particular as it relates to interest rates…

Then again in a similar post an update on Interest Rates….

While counter intuitive, as the FOMC/Jerome Powell raise interest rates, historically interest rates eventually fall as the Brake action kicks in and slows the economy

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

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

Check Your Junk Email, Especially Yahoo Users … Friday …

Long time friends and clients who we have communicated with for years, suddenly found some of our email in their spam folder in the last two weeks…. noted yahoo users were especially stricken…

We also have found the same in our folder here at the office and as you guys know we are very strict with our safety and cyber ware…

It’s likely there has been some type of major update due to a new spam or threat… no matter, be sure to check your spam folder for the next few weeks and “Trust” any friend emails that landed there,…

Ahhh…today is a Friday, and after breaking all kinds of records the last two weeks here in the south with temps approaching 100 very early in the season, we are looking at much more normal temps this weekend…

Enjoy and 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

April 2022 Financial Planning and Capital Market Review – By John Kvale CFA, CFP

Hello and Welcome to our April 2022 … 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!

April 2022 Video

YouTube

Financial Planning Tip(s)

Back to Basics Series – Educational Funding

In our continued fun “Back To Basics” Series here we discuss Educational Funding…

Here is one very important item to remember from the post:

Did you notice we put Retirement Planning BEFORE Education planning? Do you recall in Part 3 in Debt Planning we said one of the few good debts are educational related debts ….We of course are not advocating Student debt/loans… but they are available in abundance and again not a bad debt. There are not retirement planning loans…. just saying!

Proxy Vote Reminder

In this post we remind you to please reach out if you have fallen off the list for us to proxy vote for you!

If you are getting those pesky Proxy Notices (some can be small books- oh the trees that are destroyed- digressing) reach out to us, we not only vote the Proxies for you, but we get one single notice for everyone, and Jen has done an excellent job in getting a great deal of those electronically…. Did we say how Green this is?

Capital Market Comments

The Slowdown is Here

We first started speaking of the slowdown in our Q 1 2022 Newsletter here in our “Anatomy of a Slowdown” main aricle actually released in December of 2021….

And then again, here in our Q 2 2022 Newsletter ….

Then again here, here, here, here, and again here.… among a few other times…

Last week the BEA “Officially Released” a negative GDP print as noted here in our post and in this chart….

Never get the timing exactly, but we are not surprised and have been waiving the flag here in our talks and are prepared!

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

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

Proxy Season is Here Once Again … Why We Vote For You and What to Do if You are Receiving Proxy Voting Information … A Greener World …

Almost all public institutions of all shape and form have what is called a Proxy Vote.

The Proxy is an at least Annual Vote for various items such as approval for management salaries, mergers, company purchases and just an annual approval to continue current services.

Why We Vote Your Proxy

As a regular practice we vote Proxies for all clients. This accomplishes multiple items:

  • Much Greener – We get one statement for literally 100’s of client votes
  • We actually vote – always for management – if we disagreed we would not own the respective asset
  • We keep a permanent record of the vote
  • By voting for you, your mailbox is not stuffed full this time of the year

We try to receive electronic information as much as possible – this is once again green but much of this information is still delivered the old fashion way by snail mail

What to Do If You are Receiving Proxy Information

Occasionally Proxy directives for us to vote for you falls off the system …

When this occurs your mailbox will begin getting full…

No worry, just reach out and we can easily refresh your directives back to us and stop the pelting of mail.

Given the large number of collective votes, we do not know if you have fallen off the directives list, so please do not hesitate to ask us for a refresh.

Have a Great “Proxy Vote Update” Day!

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

Final Days of Regular Tax Filing, Extension of Taxes, Payment of Taxes/ES Payments Website, Friday Holiday, Office Hours, Weekend Standby …

Not to worry it’s not Friday already … with tomorrow being a holiday, Easter, Good Friday, we wanted to remind and share some important ideas today, Thursday rather than our usual Friday Morning chat!

Final Days of Taxes

As mentioned here, in our earlier post “Be Careful What You Ask For” tax season came upon everyone I know in the industry much harder this year than in the prior two due to the delays, but happily we’re just about on the other side of the mountain! Yay

Extension Option

On a related tax filing note, if you have not completed your taxes or do not intend to do so on time, be sure to file an extension. Extensions are easy and give you ample time to complete your returns, but require you to estimate if you owe taxes and you’ll need to pay in that amount or you may face penalties.

Here is a link to the IRS website and how to apply for the automatic extension!

Electronic Payment of ES Taxes

Here is the IRS tax website link, which is very easy to make electronic estimated taxes. Be sure to follow the instructions carefully as there are a lot of different options for making payments to taxes, and be sure to carefully enter your personal information so the IRS knows it’s you.

Friday Office Closed, Early Exits Today, Tethered for Tax Questions

Tomorrow as mentioned earlier is a national holiday, as such banks, stock exchanges, government offices, and our office will be closed. On that note with some of the family members getting out early we will be out of the office early today as well.

In closing, while we will be out of the office I will personally watch my electronics tomorrow and the weekend for anyone who has last minute forms or tax questions that they may need help!

Monday April 18th is the official last day to file our personal tax returns, notably Form 1040. If at all possible we hope you’ve completed all of your tax information prior to Monday April 18th if at all possible!

Have a Great Day and Easter Weekend, 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

First Quarter 2022 Review, Fast Quarter

Remember when we were kids and it seem like the birthday would never come? Now they seem to come on almost a quarterly basis!

Speaking of a quarter, as we look back over the first quarter of this year, 2022, Wow, we had a lot of things occur.

Interest Rates

As the calendar turned, the FOMC, led by chair Jerome Powell, reading very rearview mirror inflation data points, began verbally discussing aggressive rate hikes.  Right on cue fixed income participants front ran the Fed and raised interest rate across the board.

Mortgage rates, specifically 30 year fixed mortgage rates have risen in percentage terms faster than any time in history.  This is likely a product of the stopping of monthly FOMC purchases of mortgage back securities. It would not be unreasonable to think that current levels could be an overshoot from the artificial downward pressure the federal reserve had been creating.

As of late, several Federal Reserve Presidents have publicly doubled down on even more aggressive rate increases, pushing rates even higher.

Longer-term, recall increasing interest rates are headwinds to fixed income instruments initially, but higher interest rates mean greater income longer term.

Fiscal Stimulus Comparables

As we exit this quarter, and enter the next, we begin a journey over one of the most interesting comparable times in history. As noted in our Q1 and Q2 newsletter, tough comparables will likely make for a natural slowing of the economy. Recall last year at this time over $1 trillion of stimulus was pushed into the economy. As mentioned once again in our newsletter, this is a natural slowing and will be a tail wind to the federal reserve as they raise short term interest rates in an attempt to slow the economy.

And did we mention there was major Geopolitical conflict?

There is a saying that conflict is the great geography educator. Certainly it was a surprise to see the amount of resources that come from the two countries in conflict. The lack of resources on the natural market may be a headwind to lower prices of certain commodities..

In closing, the really good news is that much of what we have experienced in this past quarter, and the coming next quarter, in birthday like format may likely come and pass much faster than previously experienced.

Sincerely,

John A. Kvale CFA, CFP

Enclosure (2022 Report)