Category Archives: Clients/Clients Only

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

“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.

jkfinancialinc

street-cents

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 www.street-cents.com 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.

Sincerely,

John A. Kvale CFA, CFP

Enclosure (2021Report, Private Policy)

J.K. Financial, Inc.

PRIVACY POLICY NOTICE

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.

.

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

YouTube

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.

jkfinancialinc

street-cents

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.

jkfinancialinc

street-cents

November 2021 Financial Planning and Capital Market Review – By John Kvale

Hello and Welcome to our November 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!

Break In: The Brain is at it again….

Some very nice publicity for Donald, aka “The Brain” here in this post along with a neat link to the industry article.

November 2021 Video

YouTube

Financial Planning Tip(s)

New Retirement Limits

In this post titled “401k Plans Year 2022 Limits ($20,500 + $6,500 Catch Up), IRA Stay Same ($6,000 + $1,000 Catch Up) … Hmmm?” We go over the new limits and discuss why the catch up provisions are staying the same… the Hmmm part!

We go over not only the 401k and similar limits, but also the IRA and Roth limits and catch up provisions as well.

All of this from a handy IRS announcement found here at this link.

Capital Market Comments

TSA Throughput Update

One of our favorite monitoring of information is the individual TSA numbers that check passengers at the point of entrance.


Here in this post we discuss the latest updates and take note of the TSA’s new easier to graph for us, formatting… NICE!

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

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

Happy Thanksgiving … One Last Time Re-run of the Most Popular Video Ever Due to it’s Blooper Authenticity

Next year this time, the Tennis player will be a Senior…. so figured this would be the last year to run this Blooper, all original, no editing, most popular Video Ever….

If you cannot laugh at yourself, who can you laugh at….

Oh, here is what they look like today, in a quick sassy pose…

Maybe this was the early sassy beginnings….

No Matter… HAPPY THANKSGIVING!

Gobble Gobble…

John A. Kvale CFA, CFP aka Blooper Thanksgiving Dad!

BREAK IN – Financial Processing Bottlenecks Continue to be Delayed, DO NOT PROCRASTINATE … Party Tomorrow … Crooks are Still Out, Credit Card Fraud X 2 … Friday Before Thanksgiving Week … Office Hours Next Week, Technology Tethered Mostly

BREAK IN – Financial Processing Bottlenecks Continue

We mentioned earlier, but want to reiterate that we are seeing slowing of processing especially manual (think human touch processes) as we near the end of the year.

DO NOT PROCRASTINATE any unique financial transaction as there is likely a slow player somewhere in the Financial Food chain! Curve balls happen, but really try to anticipate any unusual Financial movements you may have from here to years end… it will make for a much less stressful ride to the finish line!

Party, it’s a Party Party – Tomorrow DAC 3-5 pm

We look forward to seeing all of you at the party tomorrow at DAC from 3-5 PM…

We lucked out on the weather and as such will have an indoor and outdoor area to meet and greet… Moving closer to Norm once again! YAY

Crooks are NOT on Holiday

As mentioned here, the travel schedule has happily fired back up, for the record in a very quick time…

With a two day turnaround trip to another state about two weeks ago, the large Fraudulent charge was not a surprise and caught immediately….

The second immediate charge of slightly different amount but to the same company slipped through the cracks as a slow processing of the original charge…. Well done there Mr. Crook…. but no harm done…

Needless to say, the Crooks are out in full force…. Oh… and for the record a new Travel Only Card is in the works for just this type of defense …

Friday Before Thanksgiving Week – Office Hours

Ahhhh…. Today is a Friday heading into a Thanksgiving Day Week…

With the kids off the ENTIRE week for the first time ever, we will be loosely covering the office in alternating shifts, thanks to tethered technology… (None of us are 100% on where we will actually be, thanks again Mr. Technology!)

Expect MAYBE one last posting of the most popular video EVER, Blooper’s Happy Thanksgiving!

Have a GREAT Friday, enjoy your day, weekend, and restful Holiday Week 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

October 2021 Financial Planning and Capital Market Review – By John Kvale

Hello and Welcome to our October 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 and current events!

Hope you enjoy!

BREAK IN – HONORED BY D MAGAZINE NOMINATION

Important Disclosure

October 2021 Video

YouTube

Financial Planning Tip(s)

Cell Text Spam and Calls

With the handy, cell phone which is almost like carrying around a powerful computer, replacing our land lines, in this post we remind all to be very careful in which calls you answer and most importantly clicking on a hot link of a text you may have received on you cell… DO NOT BITE!

Here is an example of a very dangerous spam text – do not click on that hotlink as you will be directed to a bad place that may cause your cell harm…

Grant Williams Podcast with Sam Zell

A new found favorite way of continued learning and education, frequently while jogging or walking, in this post, a review of a fantastic hour long podcast with Sam Zell via the Grant Williams Podcast series…

Favorite Notes:

Staying Power is the name of the game… No surprises!

Real money by long term holdings, be patient.

Will you slow down?  People ask me that all the time…”Slow down from what…I like what I do,”

Capital Market Comments

Bonds, Interest Rate Headwind Reminders

In 2018 as interest rates smartly began rising, we reminded folks, those especially with more conservative allocations (larger allocations to bonds) that the immediate effect of higher interest rates are a slight headwind to bond portfolios. For the record, they are big headwinds to very long dated bond portfolios i.e. 30 years, which is why we stay away from such portfolios…

Fast forward to the beginning of the year and very recently, we felt the need to remind again here. The fantastic news is that with shorter dated portfolios as mentioned above, this headwind turns into money in our pockets in the form of higher income as rates again smartly rise on the expectation of greater economic growth prospects.

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

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

Very Honored to Receive D Magazine’s Best Wealth Managers and Best Financial Planners Award Once Again…. Halloween Weekend … Friday

Those in the DFW (Dallas Fort Worth) area, if you happen in a grocery or other store with a Magazine rack, be sure to check out D Magazines Best Wealth Manager and Financial Planner section, that hit the shelves yesterday! YAY

We are honored and proud to announce, J.K. Financial, Inc was nominated for D Magazines Best Wealth Manager Award again, here is the insert from the magazine.

Important Disclosure

I am also very proud to announce nomination of Best Financial Planner Award, for the 15th consecutive year… WOW!

Important Disclosure

Each time we receive this award we are honored, flattered and happily join the other honorable recipients.

Today is a Friday, heading into a spooky Halloween weekend, be sure to watch out for those little ones and enjoy your weekend and your spooky 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