Category Archives: Cyber

Sudden Increases in Cell Spam … Don’t Click on That Text … Don’t Answer that Call … Personal Mistake … Cyber Updates

About a year ago, a note was spotted that we would have a near 400% increase in the next 12 months of spam calls …. at the time seemed unreasonable….

Fast forward to today, think the estimate was low….. based on everyone’s experiences…

Cyber Update – Spam Calls and Now More Recent TEXTS

Last week we had a family get together where a reminder went out to all member NOT to answer calls that had a number very similar to any of our and more importantly to NOT click on the new relentless texts that seem to be picking up steam in volume….

Almost got me…. with our cell bill being on auto pay… a nice thank you text from our cell provider followed by a link for a special gift ALMOST got me….

AT&T Free Msg: August bill is paid. Thanks, [name]! Here’s a little freebie for you: [link].”

Late last week our local paper, The Dallas Morning News ran the following story (think you can read the story even without a subscription…some great screen shot examples)

Here is a great article by the Federal Trade Commission on examples and how to avoid as well…

On Saturday, the family was asked to save any of their fake Texts…. in two days, this is what we ended up with…

The Call Spam filter is busier than ever but certainly does not catch all the spam calls…

Personal Accidental Mistake

Early in the year while on a conference call with two other folks, an attempt to decline an unfamiliar call turned into an accidental answer… the spam call then began recalling about 20 times before I could get off the conference call and block the number….

If it’s important they will leave a message… everyone is getting these same calls, so all will understand…

Don’t recklessly click or answer (reminding myself too) ….

Have a Great “Don’t click the bait” 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

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

Hello and Welcome to our September 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!

September 2021 Video

YouTube

Financial Planning Tip(s)

Email Providers

In this post, we spoke to the safety of signing your name to the biggest email providers if possible for your own safety….

Of course not all names will be available, but if yours is, it is a great idea to take it, even if you never use the email platform… think scammers acting as you!

Capital Market Comments

Jerome Powell Gets Angry, Taper Coming

In this market related post, we noted that Powell, head of the FOMC (Federal Open Market Committee) was very stern in taper talk as well as the following quote from us:

“On another totally different and non-market related and non-economic related topic several federal reserve members had transactions over the past year that were not optically good for the federal reserve. One of the members is our very own favorite Robert Kaplan who had multiple large transactions in securities that the federal reserve was involved.

While we will voice no opinion on this … Jerome Powell was very stern surprisingly, and in our mind so stern that it could be an occupational loss for some of these members. It will be interesting to see what comes out of this, but this is not the end of it and once again Powell was very angry and forceful on this point.”

Unfortunately, Kaplan our favorite announced his retirement as well as the other board member, before the end of the day after our post!

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

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 You May Want to Register Your Name on Multiple Email Providers Even if You Do Not Plan on Using that Service!

With the proliferation of spam, cyber attacks and just some bad actors out there, it may be a good idea to register your name as well as your family members name for your own safety…

We have registered all of our family names on the big five at the time of registration, gmail, hotmail, outlook, yahoo and icloud…. these are no longer the biggest…see below

Even if you do not plan on using the provider, it may make sense to register so some “bad Actor” does not pose as you…

Ok, we get it, with a weird last name like ours, it was not that hard, those with more normal names may have a tougher time, but you may still want to try…. bad guys are not going away!

The Largest Email Providers

The following is a snap shot of the last frame of this neat graphic from Statics and Data

Not sure if any of you noticed the last few videos are not coming through email notification well…but we did… and it is currently being fixed….

Hence the Snapshot, we know that will work…

Here is the actual embedded video… if you see a video, it has been fixed, if just a link, not fixed yet…

There you have it… another in our Why series AND a light, fun and hopefully helpful post labor day article!

Have a Great “Register Your Name on that Email” 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

False Unemployment Fraud Warning… First Partial Week of School Completed…Whew!

In the last two weeks we have observed two false unemployment claims and wanted to give everyone a heads up on what is going on and the actions you can take.

Unemployment Fraud Alert – Action Items

Over the past several years I personally have had two fraudulent unemployment claims made in my name oddly to my own company and Donald the Brain, has had it happen once to him as well. In the last two weeks we’ve had two instances of false unemployment claims being attempted and wanted to give everybody a heads up!

What happens is a Social Security number is obtained and a place of Employment then a false Unemployment claim is made to the employer. In all cases mentioned all persons were of course still employed and much to the surprise of the employer the unemployment claim was certainly a fraud and quickly detected.

The best and most appropriate action is to immediately send a note to the appropriate workforce commission, (in the state of Texas it is the Texas Workforce Commission) that the employee is still gainfully employed … this can be done by in most cases the employer or HR director.

The employee that is falsely having unemployment compensation filed for them will likely receive nothing at their home address as the fraudster wants the money to go to his or her address there by having a different address from the employee’s home address. Said another way it’s very likely that only the employer will receive the false filing.

We are happy to report in all cases so far there has been no further damage leading us to believe a Social Security number and Employment information we’re obtained illegitimately, and a swing was made at the unemployment payments with a miss being an indication to move on to the next person in line. Bottom line invasive but not destructive in all the cases so far.

Do keep your head on a financial swivel for other items in your financial world as it’s always a good idea to keep your eyes peeled on all credit and bank accounts post having fraud attempted with your Social Security number.

Partial School Week Over- Whew

The first partial week of school is over it’s funny how they’re not near as happy to go back to school as they were to get out of school… but it’s all good!

Have a great weekend will talk to you 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

August 2020 Podcast Video, Financial Planning and Capital Market Update – By John Kvale …

Hello and Welcome to our August 2020 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!

August – 2020 Video (YouTube)

Financial Planning Tip  –

Mysterious Form 5498

In a luckily timed post (two showed up in the mailbox the same day of the reminder) here we discussed the extra late arriving Form 5498.

This is a confusing settle up form that requires not action other that to add to your tax file in order to avoid unnecessary taxes!

Fraud Wire Delay Reminder

In this post we remind those setting up new Wire/Linking instructions to financial accounts, especially non liked titled accounts to be careful and have patience.

Fraudsters are attempting to take advantage of the situation!

Capital Market Comments

Gone Too Far

You know us to be very positive – all through the many negatives that have occurred !

You also know we will call it like we see it!

Markets have officially gone too far and are ahead of themselves, expect bumps and no extra risk taking is warranted at this time – CAREFUL!

Have a Great August Update!

Talk to you at the end of September!

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

Fraud Reminder When Wiring to NEW Linked Accounts … Friday!

One thing the lock down has done in our financial world …. many working remote and from a non-office location ?

Fraudsters are circling the boat!

Fraud Reminder When Wiring to New Linked Accounts

Financial institutions, present parties included … have been forced to take extra precautions when sending money … ESPECIALLY non like titled accounts – What?

A non-like titled account is any account that does not EXACTLY match your current account title – i.e. Seller of home, child, relative, entity such as LLC, Corporate/Business account, spouse with a different name –

Anything not exactly matching is going to take time to set up due to the Fraudsters sharking around !

Just be patient and certainly give yourself extra extra time to make the transaction…. much better safe than sorry!

Ahhhhhhh (that was an extra long one) today is a Friday – Have a Great Friday and SUPER 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

New Tax Filing/Payment Date … Scammer Alert – Be Careful

On Saturday, the normal Mid-April tax day was extended to July 15 and would also include regular ES Payment extensions as well.

Extension to Regular Filing DateIRS logo

This from the IRS Announcement:

“Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.

The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds are still being issued within 21 days.”

Updated Scam Alert

The bad guys are taking advantage of the current situation by sending emails related to the Virus… I have personally received over a half a dozen so far, some very clever.

We have also been warned by our security advisers to be on the watch….

We wanted to give you a heads up…

  • Take a quick moment to slow down and double check your emails and texts for the time being (hurried answers or clicks are just what they are looking for!)
  • Be EXTRA careful on any email you may receive
  • Do not open any unusual Zip or hot-linked texts
  • Double check the from email address on ANY unusual email – read carefully, they again are, clever

Have a Great “Tax Extended, Scammer Watch” 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

November 2019 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our November 2019 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!

November – 2019 Video

Financial Planning Tip (s) –

Email is the New Physical Address – Harder to Change

With email replacing our home address in importance, its not a surprise and only a mild inconvenience (due to the safety) to have to get a signed form in order to change our address.icons-157872__480 email address

In our descriptive post on the subject, we also predict eventually we will all likely be forced to transact most of our business in a paperless way….  Uncomfortable for many, but much better for our environment in the long term!

Why an Inheritance is Usually NOT Taxable

After running into this question numerous times we did a post here, and will also have an expanded article coming in our Q1 2020 Newsletter.inheritance

For the most part, inheritances are not taxable and in our post we go over the reasons why, and discuss techniques for being most tax efficient.

Just after this post a good follow on subject directly related to this post occurred that will go well in our “Why” Series Collection – Watch for another Inheritance Related Post and likely Newsletter Article !

 

Capital Market Comments –

When FED lowers, Recession Averted? Hmmmm

Near the end of the Quarter, as mentioned in our Fire Hydrant CEO post here, we ran into a most interesting chart (below)….

A first ever to see, the speaker points out that recessions are averted when the FED (Federal Open Market Committee – Jerome Powell the leader currently) lowers rates during an inverted yield curve… hmmmm

Not to worry, doing more research on this … oddly the speaker did not think much of Powell’s economic prowess, but spoke firmly that due to his LACK of horsepower on the Economy he may have a better chance of soft landing this slowdown…

 

img_5485

Always learning!!

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.
www.jkfinancialinc.com
street-cents

Cell Phone Spammer, Scammer Update…

Have you ever bought a car only to find out that after your purchase EVERYBODY seems to have your same car?

Being a bit nerdy (is that a word?) after writing the post a few back about recent cell phone scammers and phishing, it seems like it has surrounded us!

This from a Flight Magazine just after the aforementioned post!

Apps We Have Tested and a Comprehensive Resource (Humor here too)

After the splash scammer post, Donald the Brain, noted an app for extra help …

Of course…

“There’s an App for that!”

Here is the At&t App- Be careful upon install to only sign up for basic coverage unless you want to pay the extra monthly charge – our family has found the basic to be VERY helpful… and it’s free…

At&T Spam Blocker App

Verizon’s Call Block App – Not having this service we are not sure on its effectiveness or cost, but as direct competitors, likely very similar.

Verizon Spam Block APP

In an unsuccessful search for Sprint and other Apps we found this interesting comprehensive article from PC Magazine – in true irony form, this article has tons of pop up adds … so similar to unwanted calls (digressing again!) –

Per the article there is even a paid for App that will heckle the callers by using pre-recorded answers to waste their time…. not sure would go that far, but its available…each to their own.

Lastly, those wondering about the 11 year old and his no answer about hitting the link (last item in original post) the phone has not exploded and seems to work, but his number certainly has the most attention… Hilton alleged call just yesterday! (He answered but did not hit a button for response!)

We would recommend you carefully answer any texts/calls, as from our experience it let’s the other party know it’s a live number!

Grrrrrrrr

Have a Great “Updated Scammers” 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 Full Week of Summer, From the Road Friday … Scammers Feedback

Next week marks the last full week of Summer Vacation for my gang (unhappy times for them – amazed at how well they can ignore it – digressing) if the entire year went by as fast as summer, time would REALLY fly… goes by fast enough as it is….

Today, and all next week,  will be out of the office with family and friends, watching the kids ignore the inevitable, and enjoying the fellowship …. No formal tennis on the docket… in a westerly time zone, which makes an early riser feel like an even earlier riser… cooler … and even crossed paths with this lady early am on the way to the only Starbucks in town….

8-9-19 Elk

Scammer Feedback – Thanks !

In true musician like form (never know what post will be popular), the Scammer Post this week has garnered TONS of comments and thanks — you are very welcome and we will have a follow up shortly, as due to the post, we have additional free safe guards for your cell service which is being tested by the gang currently – full update/report soon!

Glad to strike a chord!

Ahhhh….. but as stated in the headline, it is a Friday… Enjoy!

Have a Great 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