Category Archives: Clients/Clients Only

Holiday Party Save the Date Re-reminder … The Newsletter Begins … Early Fall Friday …

26th Annual J.K. Financial, Inc. Holiday Party

Dallas Museum of Art

Saturday November 19th 2 pm meet and greet then tour until 5 pm closing

(Weekend before Thanksgiving)

Ok … those are some large font letters above…. but wanted to get your attention and have you pencil it in your calendar….

Newsletter

With a fast month end approaching due to holidays and the afore mentioned travels… this weekend the Newsletter begins. The subjects have been decided… couple of podcasts interviews and another slowdown reminder…but there are no words as of yet…. that ends this weekend….haha

EARLY Fall Friday

Are you ready for some Football ? Usually means fall is just around the corner…. and it is…

Have a Great Friday and super weekend – Will talk to you on the other side of an initial Newsletter Creation weekend !

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

Oddly Timed ES Payment Due Date … Q3 ES Payment Due September 15 2022 ! Eight Days from Today!

Not to worry…. we caught this ES payment due date well in advance… thanks to our Friendly IRS Reminder email early this am….

But as mentioned before the staggered due dates can be confusing….

Not to worry, we have PLENTY of time after this one…. but again, here is your reminder!

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 “Oddly timed 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

A Very Productive Week … Finishing Touches on Neat Holiday Party Venue … Continued Office Updates … First Travels of Late/Post Summer Next Week … Friday

Some weeks we like everyone feel like our wheels are stuck in mud and we just cannot get out of our own way….

Not this week –

For a late summer, pre-holiday weekend coming down the pike, we had a fantastic week that we were able to share with many of you personally and of course in this venue….

Needless to say the time to sleep from head hitting the pillows for all was very short ..haha

26th Annual Fantastic Holiday Party Neat Venue – Save the Date November 19th 2022 @ 2 pm

Shhhh we are putting the finishing touches (actually waiting for contracts) for our 26th Annual New Never Attended Venue for our Holiday Party!

Sneaky Venue Soon Known – Any Guesses?

Saturday BEFORE Thanksgiving afternoon – November 19th at 2 pm

More details soon! yay

More Spiff to the Office

As mentioned here in our Wall Street’s Angst in Bloated Inventories may be good for MANDATORY needs… we continue with minor updates in celebration of our New Half Decade Lease Commencement …

Post Summer Travels – Happily First of Many

Next week kicks off the first post/late summer travels, happily with many on the horizon as we enter the fall season…

Less hurried travels we might add due to the noted delays with flights …. Lemons into Lemon Aide anyone!

Ahh… today is a Friday heading into a pre-holiday and travels week – Enjoy – Talk next week, maybe even some lighter subjects for our collective reviews!

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

How we bring so many original ideas in this format to you? Back Handed Compliments Accepted …

One of the most backhanded compliments that we receive, mostly from new followers ….No way this is all original information ?

 

The answer to that is of course yes, spelling mistakes and all,

 

The follow up question is how do we deliver so much content? Again a very backhanded compliment that makes us smile.

 

While we’ve talked about this before in slightly different context, as mentioned above with new followers reaching out with these questions we thought it worth another review.

 

The Secret sauce!

 

Dictation!

This post is being created on a early morning stroll, due to heat restraints here in the south via dictation. The stroll brings out the creative juices, the software allows for easy print. The only problem is that dictation leads to inappropriate syntax that is very close to what the intended word SHOULD be and can be very difficult to spot! From above…mistakes and all!

 

Sometimes these mistakes sneak by, we call that originality for our posts, and we appreciate those that point outside mistakes, as we are most certainly human as well.

 

As a funny side note …. this just happened, due to our continued writings, and walks while writing,, we have met an interesting group of fellow walkers, always wondering why the curious speaking to the cell phone!

 

Please feel free to send us requests or subject matter, if it fits we will certainly broach the subject.

 

We frequently get requests for guest hosts, which we decline due to usual sales like subject matter from the author. But we welcome subject matter requests from you guys…. for the record you give us the most content from a daily trials and tribulations… THANK YOU!

 

OK, that’s it, now you know how the sausages made, we hope you enjoy, and liked peering behind  the creative curtain!

Have a Great “How the Sausage is made” 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

Clients/Clients Only – No action letters coming to your mailbox – Electronic to paper statement update …

Hello and happy Friday from a far…. The family, friends and pets are still in a cooler climate for one more week!

No Action Letters Coming Your Way

If you have not already received some sort of “No Action“ letter in the mail, be prepared because you most likely will.

Photo by Kate Macate on Unsplash

We do not have any control of these documents….. There is a lot going on with this so we expect continued notifications and apologize in advance for any confusion….

As a regular practice and part of the pending merger that will happen late next year, most all of us will receive some sort of documentation confirming various items such as addresses account numbers SLOA’s (standard standing letters of authorizations.)

Please review these documents at your convenience and let us know if you see anything that needs to be corrected, deleted, or updated. In almost all cases we find that there is no action needed.  But if there is…. The easiest way to “Fix” anything is a joint call with our back office support team…. Lot’s of paperwork is included in some of the letters, but again, a quick call is MUCH easier!

Apologies for the confusion but truly better safe over sorry for our collective safety….

Automatic Electronic to Paper Statement transfers

As mentioned a while back here, with over 95% of you receiving electronic statements a technology upgrade again linked to the pending merger has automatically transferred some of us from electronic to paper statements.

We reached out to many of you, but as technology goes, it’s likely a few slipped through the cracks… Not to worry, we have an easy email template of instructions to correct … thanks Jen!

In the next week we will get a list of those few that were transferred to paper and will be reaching out to each of you with an easy less than one minute fix!

We think/hope this is a very small group as we know the vast majority of you hate paper statements and we will correct it quickly.

Happy Friday, 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

July 2022 Financial Planning and Capital Market Review – Back to Basics Tax Return PLANNING – Legacy Health Coverage – Feds Pickle – Yield Curve Inverts – By John Kvale CFA, CFP

Hello and Welcome to our July 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!

July 2022 Video

YouTube

Financial Planning Tip(s)

Back to Basics Series – Income Tax PLANNING

In our final fun “Back to Basics” review we discuss Tax PLANNING….

From the post:

Coincidentally, the most important part of Tax Planning is the second word in the subject, Planning!

As we individual or corporate tax payers traverse the tax year, it’s important to take note of unusual events that may be occurring. We’re certainly not saying you have to worry about this every minute of the day, but should you have an unusual increase in income, or decrease in income, this should be thought about before the end of the year for your tax planning.

Later in the post we discuss the key items in reviewing your return as well….. in step by step format!

Legacy Health Coverages

After running into several situations of legacy health care options for long time former employees… Here in this post we outline the possibilities of bridge Health Coverage from legacy companies and how fantastic of an option this can be…

In almost every situation, the key is these plans are not easily discovered. In order to find out if you have an option, it’s best to dig out contact information from HR of your old employer and reach out to them directly.

This is an expense to your former employer, so it would be expected not to receive multiple information regarding such a plan, but if available it could greatly help in bridging the gap for Medicare should we be in the situation of needing coverage before age 65. 

Capital Market Comments

Bond Market turns Upside Down – The R Word

After the second negative GDP print … see next note of Fed’s Pickle…. the bond market really began to price in the R Word…. Here in this post we discuss the inversion of long bonds to short and their meaning…

The Fed’s Pickle

In this post, BEFORE the actual GDP announcement, we discussed the Fed’s pickle, with a hot economy (CPI inflation holding tight) BUT an economy that is slowing …..even qualifying as the R Word now – Recession!

From the BLS release after our post :

Q2 2022 (Adv)-0.9%
Q1 2022 (3rd)-1.6%

Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending.

The definition of recession is negative two quarters GDP….

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

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

Have you worked at a legacy company for a number of years? You may be eligible for some type of legacy health insurance from them !

One of the challenges, and concerns of retirement or transitioning from permanent employment before age 65, the current Medicare age for health insurance.

 

Purchasing health insurance as an individual can be challenging, and can also create some angst in the decisions that we make.

 

Have you worked at a legacy company for an extended period of time, maybe 10 years or so?

 

Photo by JESHOOTS.COM on Unsplash

We have continually run into situations where a former employee who has worked at a legacy company for an extended period of time, such as 10 years … may have an option for some sort of bridge or supplemental like health insurance coverage from the previous employer.

 

What is meant by legacy company, is a company that has been around for multiple decades …. a new startup tech company as an example, will not have such a benefit. Also, not to worry if your company has maybe changed an official name but has bones going back many decades, you still may have an option.

 

In almost every situation, the key is these plans are not easily discovered. In order to find out if you have an option, it’s best to dig out contact information from HR of your old employer and reach out to them directly.

 

This is an expense to your former employer, so it would be expected not to receive multiple information regarding such a plan, but if available it could greatly help in bridging the gap for Medicare should we be in the situation of needing coverage before age 65. 

 

Almost every situation that we know of … has a slightly different slant of how qualifications are determined, be sure to take copious notes on how and why you may have this offer, and make sure you keep whatever contact person you have  for future use.

 

Qualifications for such benefit can vary greatly, so again make sure that if you were being told something you again or actually able to get this coverage.

Maybe a bit of a hassle to determine if you have an option…. but if you do, will be VERY WELL WORTH the hassle!

Have a Great “Found Bridge Insurance Option” 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

Last Summer Get Away on the Horizon …. Friday

With a summer that feels like it’s passing as fast as a lightning bolt, notwithstanding some restrictions due to the overzealous heat locally here in the south, all of us at the office are looking forward to our final, before school start, vacation dates…..

Mid next week, two bicycles, two dogs, two kids, one cross eyed cat, and one spouse head to a cooler climate with yours truly, for the last hurrah before school starts mid August…. Yes it sounds like the Beverly Hillbillies… you should see the actual event in action…

We do our best to plan our family times in a staggered format, so as not to be out of the office. Of course we always have complete technology control but sometimes may suffer from week Wi-Fi especially in more remote areas.

Being a strong believer of getting away, spending time with the family, relaxing, and sharpening that blade, we all encourage and cover for each other while we are out … but as mentioned before technology allows us to remain tethered, loosely/lightly tethered especially during the month of August, before the inevitable start of school that occurs mid month.

So let the fun begin next week and continuing for the next several, there may be times where an email response is a bit delayed, but we are always watching even from a far.

But that’s next week and today is a Friday heading into a mid to late summer weekend, if you’re near us stay hydrated spend time with those that are important 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

Why the Fed may be in a Pickle! CPI Inflation Hot … But Economy Slowing … According to Feds Own Research

Imaging you are walking an economic tight rope (We are calling it a pickle) and had no easy way out….

FOMC (Federal Open Market Committee) led by Jerome Powell may be in a Pickle.

Too Hot But Also Too Cold

Here at the Cleveland Federal Reserve , the FOMC’s own research from one of their own showed an estimate of CPI for the most recent of 8.59%…. thing is, it came in above 9% ….

Much too hot for the FOMC’s liking!

Then you have this from ANOTHER of the Fed’s own research ….

Atlanta Federal Reserve GDP Now Cast

At the time of this chart their estimate was -2.1% … today it is -1.6% (jumps around as economic reports are released and fed into the beast/model) – predicting the R – Word!

C/O Pierce Kvale

Ok, so CPI/Inflation is too hot …. let’s slow this economy AND INFLATION down….

BUT Wait – the Economy is already slowing per my own members research!

What to do? The Pickle !

Have a Great “Glad not to be in a Pickle” 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

Bond Market Beats its Chest … Invertedly/Upside Down Yield Curve …. R – Word Predictor (Recession)

Some on Wall Street say the Bond Market is the smartest due to the fact that participants are only focused on repayment risk and time of that repayment. Compared to the Equity (Stocks) market were there are flows of capital, tons of complication with financials and mood swings by participants.

Given the Bond Markets high IQ status, when it speaks people listen….

Inverted Yield Curve as Bond Market Beats it Chest with a Warning

As a quick refresher, a normal yield curve will have lower rates for shorter terms and higher rates for longer…. simply because the longer the term the greater chance of a problem/stress/default …

Pardon my free hand, but it looks like this… the longer the time the greater the cost/interest rate

When the Bond Market turns upside down/inverts, it has a very good track record of predicting a R- Word!

Note on this long term chart, as the line drops below zero, the Bond Market is Beating its chest and inverting…. also note the grey area that follow are R-Words…

Using a shorter term chart, last week marked a strong inversion of about -.25% and closed the week off at -.20% note those are point 25% and point 20%…. far right below the line…

So it looks like the R Word is in the cards, not to worry we have been talking slowdown since December of 2021… so we are prepared….

Remember, Equity Markets are forward looking and will sniff out the recovery before it is seen…. Also, recall, headlines are the worst near the end…. Still a Ways to Go though!

Next up — Why the Fed is in a pickle and may only have an R- Word way out!

Have a Great “Inverted Yield Curve” 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