Category Archives: General Financial Planning

TripIt – Re-review of our App of the Quarter – Its already paid for itself many times over!

With travel season in full throttle go mode … We thought it timely to update you on an App of the Quarter we did in our Newsletter about a year ago … We will feature it in our coming Newsletter too … it is super neat and deserves the space in our opinion!!

Re-Introducing TripIt — A Second Appearance App of the Quarter

It does not take too many of these notifications to pay for the ~$50 annual pro-version of this app — Kinda like getting a nice present out of no where.

 

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Not sure about you guys, but once the flight is booked, the trip usually falls to the back of the importance line – not with this handy – keeping you frugal app …. It keeps on checking the prices.

I called Southwest and was happily give a credit against my account under the confirmation number. The credit made the next short flight across Texas free!

Look for more detailed review in the Newsletter as this App also has some very neat time departure and check-in time related and cool mapping features for finding lounges in various airports…

Hat tip again to SW for showing this neat tool!

Have a Great “Efficient Traveling” 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

 

 

 

Summer Trips … App review … Unique Service Teaser … Our Post Schedule Reminder for some curious in the field …

We know many of you are taking your first (much deserved) trip of the summer … some are already on their trip.

Cruise, family, relocation, beach, cooler climates in the North…just to name a few…

Enjoy! You deserve it!

App Re-Review

Shortly we will re-review a neat App that will make its second appearance in this Tripitquarters coming Newsletter as it has been updated and we have over a year of usage under our belt. The premium version has paid for itself in cost and convenience MANY times over… worth the re-review …

Tennis – Texas Grand Slam

Speaking of trips …Today we take a trip that will hopefully extend into some length. The biggest Texas Junior Tennis tournament of the year begins tomorrow in a small west Texas tennis-2042723__340town. With over 1000 juniors not including parents and siblings, caravanning to the small town, hotels and evening dining spots are at a premium….

In true pro-like format – Play until you have two singles losses and one doubles — then pack your bags and go home!

Unique Service Teaser

As announced earlier here, While the cat is away the mice will not play – Monday we announce our Unique Summer Fun Service that will hopefully put some extra money in your pocket — Yes Money directly into your pocket.

Hopefully we have your interest!

Here is a hint …

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Watch for Monday’s Post… this is going to be fun!

Shhhh … Blog Post Schedule Reminder

Shhhh …. Don’t tell anyone, but we post every Monday Wednesday and Friday at 10:30 AM Central time … If you are not getting a post on these days, check your spam filter as we occasionally find our hard work and bright ideas end up in the junk file – oh no!

Ok … maybe too much coffee this am, or maybe excitement for the Tournament … either way … It’s a Friday, heading into a wonderful sunny summer weekend, enjoy yours, talk to you next week!

Have a Great Summer Friday Day! Safe Travels to All!

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

 

 

May 2018 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our May 2018 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.

May 2018 Video

Financial Planning Tip (s) –

Social Security Website and Items to check while you are perusing

In our Social Security related post here, we discuss the tons of new options for use as well as the fantastic updates the Social Security Administration has done with their website.

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The most important item to check if you are not already drawing Social Security is your credits… which can be done on this site… recall there is a possible time sunset of loosing your benefits if you do not have the Social Security Office notified, leading to a possible lower benefit.

New Tax Table and Rates – Personal

Here are the new tax tables… if they look complicated, well it is because they ARE !

Marginal-Tax-Rates-Chart-for-2018-1

Expect much more on this throughout the coming months as we dig DEEP into the actual rates and the planning techniques necessary to optimize our tax liability …. One Important five letter word…. CLUMP – more later on this!

Capital Market Comments

Interest Rate Yield Curve – Rates – Inverted Yield Curve

Bottom line, at its most basic level the yield curve should go upward and outward just as our home made chart below (the starting point for our discussion.)

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When it does completely the opposite or inverts, as seen below… a recession is just around the corner for as long as the eye can see!

2s 10s Spread W Recession sfredgraph

Expect a complete detailed video over the summer on this phenomenon … along with another review in the coming Newsletter… It can be boring info, not to worry … we will liven it up!

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
www.street-cents.com

April 2018 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our April 2018 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.

April 2018 Video

Financial Planning Tip (s) –

With Tax season finally over, here we mentioned how it seemed to never end…but we digress…

It appears the Cyber Thieves are back at it again, and have a new technique involving Social Security. Here in our Social Cyber Post, we discuss just how they are doing this.Cyber Attack

Bottom line, if you see something suspicious, be sure to notify the appropriate agency.

Capital Market Comments

Early Discussions of the Interest Rate Yield Curve – Rates

This is going to be fun …. In the first of a multi-part series here, we discuss the basics of the yield curve.

Bottom line, at its most basic level the yield curve should go upward and outward just as our home made chart below (the starting point for our discussion.)

 

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Have a Great Day! Talk to you at the end of May!

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

Interest Rates and Their Importance, Part 1

Yesterday the 10 year US Treasury Bond did something it has not done in some time …. reach a yield of 3%.

4-24-18 10 year Treasury Yield

The Yield Curve – Interest Rates

We have been preparing for some time a multipart series about interest rates and the yield curve its self, and with the recent move in rates higher (finally) the timing could not be better. You will see a lot about this in the coming weeks if you peer into the Financial Section on your computer, periodical or tablet view … so we wanted to prep in advance.

This discussion will be multipart analysis, discussion, education and conclusion …. we hope you enjoy (we think you will as there is a terrific conclusion).

While the chart above shows the most popular “Headline” rate for most, it is really just one part of a series of rates …. here is where our discussion is born… so let’s go!

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Liking to keep things simple, this is a self drawn chart that we will build upon, but gets the point across.

The longer something takes, generally the more it should cost.  (Greater risk of loss)

Said another way, the more time something takes, the more it should cost.

If you loan a buddy $100 bucks today to be repaid tomorrow, it is less risky than if you give it to him for a year and hope to get it back! Right?

Our self made chart shows just this, the longer the time, the greater the cost.

Looking again at our chart, we could say the term is anywhere from one day going all the way out to 30 years, with the afore mentioned 10 year term being near the right end of the chart.

This chart shows what could be called a normal yield curve or cost situation.

Next up … Change!

Have a Great “Yield Curve Discussion” 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

March 2018 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our March 2018 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.

March 2018 Video

Financial Planning Tip (s) –

Final of FIVE Tax Savings Ideas you can do NOW for LAST Year’s (2017) TaxesUncle Sam

We completed the five part series … Three were let out of the box last month …. Let’s quickly review them and then the two final parts from this month!

HSA or Health Savings Account

Our post here, speaks of the terrific opportunity to set aside Pre-Tax dollars to use now or later for medical expenses.

SEP – Simplified Employee Pension

As mentioned in our Post Here, there are very high limits of contribution, and the SEP can be done during mandated RMD’s, as well as in tangent with a 401k program, as long as the upper limits collectively of contribution are not violated.

Pre-Tax Deductible IRA

As the one of the original retirement vehicles and so vintage many forget (We Don’t!) we want to remind here in our post about the IRA – Individual Retirement Account.

Tax Savings reach back reminders from THIS month/March

Maximizing the Sales Tax Deduction

Here in our post this month, we remind everyone to be sure and maximize your Sales Tax Deduction.

From the post …

Here are a few items that may make your standard sales tax deduction drastically inaccurate and woefully low- thereby costing you tax dollars:

  • Bought a large Asset – Think Car or other similar item
  • Had more then normal personal taxed expenses – for whatever reason
  • Large Taxable Asset of any kind purchased
  • Major expense where you paid sales tax – Think Wedding, Large Party

Be sure to maximize this deduction as it looks like the new tax rules will greatly mitigate it’s use moving forward.

Medical Expense Deduction

We all some type of medical expenses each year. What is a challenge if determining what is and is not deductible.

The IRS does a terrific job with their Publication 502 of reminding and outlining what may be a deduction. In our post here, we remind of a few favorites that we find are frequently missed …

  • Capital Expenses for home improvements
  • Transportation Cost
  • Television
  • Telephone

Are possible (check to make sure) deductions we find interesting and easily forgotten.

 

Capital Market Comments

Finding our Footing After Getting Ahead of Ourselves

 

Another month and our thoughts are the exact same…so much we did not even have to change the title of this part of the review from last month… the chart is updated … looks about the same…

We think patience is needed as this will take time to digest and again find our footing.

Patience will be needed!

Here is where we are now —

3-31-18 SPX w JK Trendline and 200 DMA

For those wondering …. for now, it looks like the 200 Day Moving Average (line below our trend line) is the lower level of support … It may break, which is fine, but for now, looks like someone wants it to hold.

We will keep watch and keep you updated!

Have a Great Day! Talk to you at the end of April!

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

Part 5 of our Reach Back NOW to last Year’s Tax savings – The Forgotten Medical Expense (s)

Medical expenses greater than 7.5% of your Adjusted Gross Income (AGI) can be deducted in many cases. This is not new news to most. What is news is just what can be deducted or worse yet, forgotten to be deducted — read on!

The Forgotten Medical ExpenseMedical -checklist-3222079__340

A Qualified Medical expense can be deducted on your income taxes for last year 2017. Our goal on this subject is to remind you just what can be a Qualified Medical expense.

Publication 502 by our friend at the IRS (yes, I said that – friends- check out the publication and you will see why they are our friends) gives you a mind jarring reminder of just what, and what not is a Qualified Medical Expense.

If you have ANY possibilities that you may be above the 7.5% deduction for medical expenses, Publication 502 is worth a read as it has TONS of ideas you may have forgotten or did not even know were a deduction.

  • Capital Expenses for home improvements
  • Transportation Cost
  • Television
  • Telephone

Are possible (check to make sure) deductions we find interesting and easily forgotten.

Don’t let that medical expense deduction go away as it looks like the new tax laws are going to greatly diminish this deductible expense.

Have a Great “Found Medical Expense deduction” 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