After clearing/adding coverage for our Insurance for the event ….
Signing a few contracts that says we are not a crazy group ….
Getting security guards for the event …
Establishing our Parking Area….
Finalizing the entire building for our use only …
Working on food options … not finished yet, but will have same group as the Arboretum two years ago….
We are happy to announce:
SAVE THE UNUSUAL DATE
We have secured the Perot Museum for the night of Thursday November 14th from 6:30 to 9 PM – yes the Perot Museum for our use only … for an exciting educational experience for grown ups and kids!
Hello and Welcome to our May 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 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!
May – 2019 Video
Financial Planning Tip (s) –
Why Reading the Fine Print is Still Important
Here in this post we discussed the need to keep an eye out for tricksters as the still find their ways into our lives…. this post was created after stumbling on to an offer of 99% annul charges on what looked like a request for a donation to a charity… can’t make this up.. even took the blurry (bad photographer) picture for proof…
Sharpening the Saw – Personal Income Tax Bracket Review
In our Sharpening the Saw post here, we posted from a local conference we were attending and grabbed our favorite Tax Chart as a reminder of the new tax law changes.
This chart, which is also making an appearance in the Q 3 Newsletter is a great review/update on the new tax brackets, especially those who are retired:
Capital Market Comments –
Yield Curve Inversion is back, as we had a brief few days in March, but as of the end of May we had a much more distinct inversion with the 10 year at 2.15% and the 90 day near 2.40%-
The following chart is from our own trading system and is the 10 year yield less the 19 week yield or the equivalent 90 day yield… the black line marks the zero point – anything below the zero is inversion !
It’s inverted now for sure…. Again, LOT’s more to come!
Have a Great Day – Talk to you at the end of June!
Here in this post we discussed the possible ways to most comfortably enter new capital into the Capital Markets.
Super Safe sources of capital may be best suited for an entrance over time, while funds coming from the Capital Markets, may go directly back into the Capital Markets, especially if risk reduction is also part of the allocation.
Over a 5 – 10 year time frame it does not matter, but why twist an ankle in the short term!
Social Security Event – Questions
Wow – all of these great questions were sent to us for our Event this month…. all were answered, if not directly, indirectly. We look forward to sharing actual audio (Tom speaks very fast and covered a lot of ground) from the event in a multi-part post series over the summer months!
Last time we spoke you were VERY certain Social Security would be there for all of us upon retirement – With all of the changes, do you still feel this way?
Can you explain the divorced verses divorced and remarried benefits?
Have you ever heard of someone being offered a lump sum of retroactive Social Security benefits?
November of 2015 ushered in new laws and changes, are there any neat techniques that survived?
Can you explain non US citizen spousal benefits?
We have been told many of the benefit statements are not always accurate, understating the actual eventual benefit, has this been your experience?
How much can I earn and not receive penalties if I retire before my full retirement age?
The Full Retirement Age keeps being pushed out, will this continue? Is there a schedule?
How long do I have to report my Social Security earnings if they were not reported by an employer?
For many years I did not draw on an ex-spouses earnings by accident – using only my earnings benefit, can I request some sort of look back to get my full benefits?
If want to change my Social Security election decision after I made it and have been drawing benefits, Can I do that?
Do I have to take Social Security Benefits ? What if I do not want to?
Is it better to sign up in person or use the website, or does it matter?
My wife is not a US citizen, does that affect her spousal benefits?
Will Social Security always be there in your opinion?
What percent of people take benefits early, at full retirement age and as late as possible?
I am 65 and working with a good healthcare plan. I wasn’t going to sign up for Medicare until after I retire. However I am told a Medicare Part F; a supplemental plan eliminating deductibles, will not be available after 2019; Should I enroll and sign up for Part F?
I was married for more than 10 years to a high income earner, if I get remarried to my new spouse who is not a high income earner, will I give up benefits?
Have you seen any of the on-line Social Security Optimization Programs? If so, any you like better than others? (From JK)
What are your thoughts about an income based phase out of Social Security in the future? Much like the penalty for W-2 income and having started early Social Benefits ? (From JK)
Capital Market Comments –
Happy Again
After throwing a Hissy Fit near the end of 2018, “Everybody Is Happy” again !
This is a total index chart, note that it has not reached new highs yet, however many other indexes have.
Let’s not forget that we DID have an inverted yield curve which is a great predictor of a pending recession …. only the Shadow knows when! We have our eyes peeled!
GREAT Social Security Questions for our Event this weekend
Without further ado … here is the final list.. WOW!
Last time we spoke you were VERY certain Social Security would be there for all of us upon retirement – With all of the changes, do you still feel this way?
Can you explain the divorced verses divorced and remarried benefits?
Have you ever heard of someone being offered a lump sum of retroactive Social Security benefits?
November of 2015 ushered in new laws and changes, are there any neat techniques that survived?
Can you explain non US citizen spousal benefits?
We have been told many of the benefit statements are not always accurate, understating the actual eventual benefit, has this been your experience?
How much can I earn and not receive penalties if I retire before my full retirement age?
The Full Retirement Age keeps being pushed out, will this continue? Is there a schedule?
How long do I have to report my Social Security earnings if they were not reported by an employer?
For many years I did not draw on an ex-spouses earnings by accident – using only my earnings benefit, can I request some sort of look back to get my full benefits?
If want to change my Social Security election decision after I made it and have been drawing benefits, Can I do that?
Do I have to take Social Security Benefits ? What if I do not want to?
Is it better to sign up in person or use the website, or does it matter?
My wife is not a US citizen, does that affect her spousal benefits?
Will Social Security always be there in your opinion?
What percent of people take benefits early, at full retirement age and as late as possible?
I am 65 and working with a good healthcare plan. I wasn’t going to sign up for Medicare until after I retire. However I am told a Medicare Part F; a supplemental plan eliminating deductibles, will not be available after 2019; Should I enroll and sign up for Part F?
I was married for more than 10 years to a high income earner, if I get remarried to my new spouse who is not a high income earner, will I give up benefits?
Have you seen any of the on-line Social Security Optimization Programs? If so, any you like better than others? (From JK)
What are your thoughts about an income based phase out of Social Security in the future? Much like the penalty for W-2 income and having started early Social Benefits ? (From JK)
With a lot of followers/clients being Oil Experts due to long careers in the Oil Industry (For the record we find the industry wildly interesting!) we are welcoming the feedback as we make the following charts and stats available….
We did not make the chart, our friends at Howmuch.com and the World CIA Facebook (an interesting resource topic for another discussion) are the creators of this one:
Oil Reserves by Chart Size
Here are the actual statistics in legend format –
Rank
Country
Oil Reserves (Barrels)
#1
🇻🇪 Venezuela
300.9 billion
#2
🇸🇦 Saudi Arabia
266.5 billion
#3
🇨🇦 Canada
169.7 billion
#4
🇮🇷 Iran
158.4 billion
#5
🇮🇶 Iraq
142.5 billion
#6
🇰🇼 Kuwait
101.5 billion
#7
🇦🇪 United Arab Emirates
97.8 billion
#8
🇷🇺 Russia
80.0 billion
#9
🇱🇾 Libya
48.4 billion
#10
🇳🇬 Nigeria
37.1 billion
#11
🇺🇸 United States
36.5 billion
#12
🇰🇿 Kazakhstan
30.0 billion
#13
🇨🇳 China
25.6 billion
#14
🇶🇦 Qatar
25.2 billion
#15
🇧🇷 Brazil
12.7 billion
Interesting comments – read between the lines on long term Oil usage…
“There’s little doubt that renewable energy sources will play a strategic role in powering the global economy of the future.
But for now, crude oil is still the undisputed heavyweight champion of the energy world.
In 2018, we consumed more oil than any prior year in history – about 99.3 million barrels per day on a global basis. This number is projected to rise again in 2019 to 100.8 million barrels per day.”
While headlines as recent as five years ago predicted the end of oil reserves from depletion, the belief now by the smart folks, is that we will move from Oil to renewable long before we run out of oil, making for very interesting company pivots in the future.
Could an insert your favorite energy company be the leader in some type of renewable energy resource? Not beyond the realm of a reasonable doubt if their long term viability is dependent!
Things we are constantly thinking of for opportunities and loss avoidance!
With a full girth of tax returns under our belt now, the general gist is there are winners and losers – but it is very difficult to pin the success or the lack of success on any one reason.
Thanks for the Thanks – Happy to Do Our Job
A special shout out and thank you to all of those who have thanked us for getting their tax information to them or their tax professional in an expedited manner – Our theory on this is if someone’s working on your return we want it to stay at the top of the pile, hence we try and get the documents in lightning fast fashion!
Again you are all welcome but happy to do our job and hopefully cut down on the inevitable start and stop mistake!
Wire Reminder
Speaking of taxes – the busiest wire day of the year is tax day – Certainly understand the desire to wait to the last minute – weight that option with something going wrong on the busiest day of the year!
Spring Has Sprung
Today is a Friday and it’s finally getting warm at least here in the south.
Enjoy your weekend, we will stay alert for tax questions through our electronica tether.
Don’t forget to spend time with those special in your life!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, please consult your financial advisor prior to investing!
Background
The is the vocal portion of J.K. Financial, Inc. a Dallas Texas Based Fee Only Total Wealth Financial Planning Firm. Founded by John Kvale, a Dallas Texas Fee only Financial Planner and Total Wealth Manager.
May 2019 Podcast Video, Financial Planning and Capital Market Update – By John Kvale
Hello and Welcome to our May 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 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!
May – 2019 Video
Financial Planning Tip (s) –
Why Reading the Fine Print is Still Important
Here in this post we discussed the need to keep an eye out for tricksters as the still find their ways into our lives…. this post was created after stumbling on to an offer of 99% annul charges on what looked like a request for a donation to a charity… can’t make this up.. even took the blurry (bad photographer) picture for proof…
Sharpening the Saw – Personal Income Tax Bracket Review
In our Sharpening the Saw post here, we posted from a local conference we were attending and grabbed our favorite Tax Chart as a reminder of the new tax law changes.
This chart, which is also making an appearance in the Q 3 Newsletter is a great review/update on the new tax brackets, especially those who are retired:
Capital Market Comments –
Yield Curve Inversion is back, as we had a brief few days in March, but as of the end of May we had a much more distinct inversion with the 10 year at 2.15% and the 90 day near 2.40%-
The following chart is from our own trading system and is the 10 year yield less the 19 week yield or the equivalent 90 day yield… the black line marks the zero point – anything below the zero is inversion !
It’s inverted now for sure…. Again, LOT’s more to come!
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.
www.jkfinancialinc.com
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Posted in Economy, Education, General Financial Planning, Interest Rates, Investing/Financial Planning, Market Comments, Monthly Review, Podcast, Retirement Planning, Video
Tagged Fine Print, Retirement Planning, Retirement Tax Bracket, Tax Bracket