Category Archives: Education

Calling all Questions for Our Social Security Specialist – Saturday April 27 at 10:00 am at Dallas Athletic Club – Friday

Here are our questions so far- but we want more – keep them coming!

  1. 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?
  2. Can you explain the divorced verses divorced and remarried benefits?
  3. Have you ever heard of someone being offered a lump sum of retroactive Social Security benefits?
  4. November of 2015 ushered in new laws and changes, are there any neat techniques that survived?
  5. Can you explain non US citizen spousal benefits?
  6. We have been told many of the benefit statements are not always accurate, understating the actual eventual benefit, has this been your experience?
  7. How much can I earn and not receive penalties if I retire before my full retirement age?
  8. The Full Retirement Age keeps being pushed out, will this continue? Is there a schedule?
  9. How long do I have to report my Social Security earnings if they were not reported by an employer?
  10. 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?
  11. If want to change my Social Security election decision after I made it and have been drawing benefits, Can I do that?
  12. Do I have to take Social Security Benefits ? What if I do not want to?

Send questions to jen@jkfinancialinc.com – We welcome any and all!

Here is the invitation – We hope you can come !

 

3-20-19 - Invitatation to SS Info Event with Tom Clark_Page_1

 

Here is Tom Clark’s Bio and mug shot – SUPER nice guy!

 

3-20-19 - Invitatation to SS Info Event with Tom Clark_Page_2

Have a Great “Send us your Social Security Questions” 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

Computer Problems Lead to Dark Web Discussion with IT folks – Visual Capitalist Educational Chart

Late last week Donald “The Brain’s” computer froze and gave a warning “CPU Fan not found” – let the dominoes begin falling..

It’s tax season, the busiest of the year – Immediate new box ordered – hurry, hurry –

Must get a proprietary program running on another machine as a back up – daily downloads needed –

Darn program will not work!

Multiple days and two consecutive hours later (not looking forward to that bill) with our tech folks, while at a paused moment, a question of the Dark Web occurred – while no place to hang out or EVER go, their response gave us comfort in showing this graph, which we had held off for some time.

If YOU REALLY WANT TO SEE SOMETHING SCARY – google Youtube dark web – some crazy stuff there!

From our cool friends at Visual Capitalist:

Again, never, ever go to the dark web or you are asking for it!

The Dark Web in One Cool Chart

It’s very long, creepy but very informative!

the-dark-web

Have a safe “Know what the dark web is, but NEVER go there” 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

The Oscars – Warren Buffet Annual Letter

Last night the annual Oscar Awards were announce — how could we nerd such an awesome event out? – Not completely – please read on…

In cruising around looking for the nominees we ran into a this neat CNET article showing all the differing ways to stream every thing from the Red Carpet to each actors individual seating place… pretty cool to us – showing the neat ways technology has changed our lives

BTW Happy to have seen most of these this year!

Did your favorite win?
20190225_002205000_iOS

Best Picture

“Black Panther”
“BlacKKKlansman”
“Bohemian Rhapsody”
“The Favourite”
“Green Book”
“Roma”
“A Star Is Born”
“Vice”

Warren Buffet Annual Letter

Staying with annual events, Warren Buffet, legendary investor, who has built a large empire, released his annual report  to the public over the weekend.

This annual letter, read by ourselves as well as many both in and out of our business left us with a few thoughts…

  • Favorite comment this year – Focus on the Forest not the Trees
  • Follow/copy Buffet at your own risk as his decisions are far different than most – mandated large
  • Hope we have the same senses at his age – incredible
  • Prices are high for long term viable businesses
  • Buy for the long term
  • Innocent Fudge turns into full fledge fraud

Warren is likely to never be duplicated – lots to learn, both envious, and thoughtful of differences!

Have a Great “Annual Event” 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

New York, a Skyline History Review – Cool Charts, No Drama

New York is probably getting more attention from all types of media sources at the moment – we want to chime in, but NOT in a way you may think…

From our Friends at Visual Capitalist and their successor sources

New York Skyline History –

new_york_city_evolving_skyline

But wait – here is what the future looks like!

slender-nyc-skyscrapers

Have a Great “Non Financial New York” 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

Financial Planning Document Checklist

Recently someone in the office asked if we had a list of needed or handy documents for Financial Planning.  Ahhh.. No…

A post topic is born.Finanicial Planning Doc

Financial Planning Document Checklist

  • Tax Return
  • Estate Documents (Will, Trusts, Power of Attorney)
  • Life Insurance Policies
  • Company Benefit or health coverage information
  • Liability Insurance (Homeowners, auto and other)
  • Retirement Plan Documents and statements (401k, SEP, IRA …)
  • Pension Plan Documents
  • Social Security Benefit Statement
  • Option, RSU or Other specific company benefit
  • Investment Documents
  • College Savings Plans

While not exhaustive, this is a terrific start to the most handy and needed Financial Planning Documents!

Have a Great, more Financial Planning Organized, Day!

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
www.street-cents.com

Disruptive or Innovative – Tesla Part 1

From our friends at Visual Capitalist …

This three part series is just too good to pass up … we will present the other two parts soon …

Even if you do not care for Elon Musk and his ideas, it’s hard not to admit he has effectuated changes that will be with us for some time!

Tesla Part 1

Tesla Part 1 -origin-story-tesla-infographic

Have a Good “Innovative” Day!

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
www.street-cents.com

IRMAA Letter, Worse than a “Dear John”, but WE have Solutions!

Last week we discussed the coming big article in our Q1 2018 Newsletter concerning the new Medicare Tiers and Means Testing. In that article we discuss the income levels that will trigger higher premiums.

If you have been targeted of higher means, you will receive an IRMAA letter! You have been IRMAATized

IRMAA Letter

Short for Income Related Monthly Adjustment Amount –

Definition – You have been Mean’s Tested and the Social Security Administration (SSA) is asking you to pay more for Medicare Premiums.

img_0967

The SSA is likely looking at your income from two years ago.

Good News- There is a solution if this is an unusual income amount or you have had a life changing event. This SSA Form 44 from the SSA is what you will need.

Life Changing Events According to SSA:

  • Marriage
  • Divorce/Annulment
  • Death of Your Spouse
  • Work Stoppage
  • Work Reduction
  • Loss of Income-Producing Property
  • Loss of Pension Income
  • Employer Settlement Payment

There are literally check boxes with these subjects in it. Of course life has curve balls that may not allow you to “Check the Box” … We have had continued success with folks going to the SSA office and presenting their case directly to the agent.

We would suggest the timely but productive visit if there is anything out of the ordinary with your proving of “Life Changing Event”!

Bring Proof

“ I understand that signing this form does not constitute a request for SSA to use a more recent tax year information unless it is accompanied by:

  • Evidence that I have had the life-changing event indicated on this form;
  • A copy of my Federal tax return; or
  • Other evidence of the more recent tax year’s modified adjusted gross income”

This information is stated just before a signature section on the SSA Form. Heed the warning and bring whatever proof in order to speed processing.

There you have it … many more options to correct the situation than a “Dear John” letter!

Have a Great “Non IRMAATized” Day!

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
www.street-cents.com