Category Archives: General Financial Planning

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

Email Address is the New Home Mailing Address – Why the Restrictions Associated with Changes!

In the good old days our physical home address was the most important item for delivery of mail and physical identity. Not sure if your mailbox is like many, but for the most part paper delivery is WAY down and expected that in the next few years many entities (Credit Card, Mortgage, Paychecks… any kind of monthly statement) will completely discontinue options for paper delivery …. this is a much greener approach, and will certainly help our environment – we know it may be uncomfortable for some, but likely inevitable!

Email address replaces Home Address – Our Collective Responsibilitiesicons-157872__480 email address

Given the above mentioned facts, with our email address now been our most likely contact … similar to our physical address in the good old days, new restrictions for our collective security are welcomed, needed, and expected.

It’s for our own collective safety that to change an email address on a delivery should be more secure!

In today’s more secure and safe environment for us to change an email address on your information we will now need to submit a signed document – ok … it’s a bit of a pain, and in the good old days when delivery was mostly to our physical address we could do it for you – but that was as they say … the good old days.

With 95% of our clients receiving all of their information completely electronically we feel like we are the norm, and accept the new responsibility but slightly more challenging changes to our electronic delivery.

Docusign Anyone ? More to come on this soon!

Just a heads up in advance,  when we change our email there will be additional documents for our collective security to make the change.

We will make it super easy, but there will be an extra step.

Sorry for the hassle but again certainly for our collective security!

Have a Great ” Email is New Home Address” 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

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

Hello and Welcome to our October 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!

BREAK IN

D Magazines Best Wealth Managers

2019 Final Approved Dmagazine Best Wealth Manager

D Magazine Best Financial Planner – 13th Consecutive – Wow

Best_Financial_Planner 2019

Sirius Satellite Radio Co-Host

JK Sirius

 

Newbies –

We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets and current events!

October – 2019 Video

Financial Planning Tip (s) –

Why we want ANY seeming Important Document

In this post, due to recent fantastic $$ savings just by having access to very old documents… some almost two decades, we were reminded of how important it is for us to safely keep ANY seeming important document…. forever

Only thing is, if we do not have a soft copy… we cannot save it!

Capital Market Comments –

FED Lowers Once Again, another .25% – Likely Pause Expected

Jerome Powell Chief of the FOMC (Federal Open Market Committee) lowered rates by .25% to the 1.50% to 1.75% range, which will directly effect our overnight money, such as checking accounts and money markets… We think in part, to answer expectations… the good news is they have set future pause expectations… which we like!

Longer term rates have followed a bit, for now.

11-2-19 Fed Funds Rates

 

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

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

Surprises Finally Announced! – D Magazine Best Wealth Managers, Thirteenth Consecutive D Magazine Best Financial Planner – Wharton Guest Host Sirius Satellite “Live” Your Money, National Show

For those in Dallas, be sure to grab the latest D Magazine off the shelf …

The picture was taken in front of our Building and it came out great … less Grey showing in Your’s Truly this time…

Knowing that what we do is a team effort makes for a wonderful appreciation that the team is included in this award …congratulations guys!

D Magazine Best Wealth Managers

2019 Final Approved Dmagazine Best Wealth Manager

 

 

 

D Magazine Best Financial Planner

Very proud to have the team included above and also honored to be nominated for the thirteen – yep – thirteenth consecutive time… maybe the Gray was hiding..haha

Best_Financial_Planner 2019

Sirius Satellite Live Guest Host Wharton School,Your Money with Kent Smetters

When it rains it pours…. wish we could have spread all of this fun out over more than a day …

Last night I was honored to co-host a one hour live radio show with Wharton Professor, Ken Smetters on Sirius radio, channel 132 – re-runs will occur all week from 4-5 Central time if you are so inclined…

Sirius radio restricts prohibit us from recording or replaying any portion of the show!

The show is always fun and gets the adrenaline flowing as the fitbit surprising shows no increased heart rate… sure felt like it !

JK Sirius

Have a Great “Surprises Finally Announced” 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

Why we want a copy of ANY seemingly Semi-Important Document!

In the last several months we have been able to quickly grab electronic copies of documents ranging from five years ago to nineteen …. some of these documents were destroyed by the owner, but our copy remained, making for quick access, big money and time savings in all cases.

Why we Want A Copy of ALL Documents

Any and every document you send us, we save. Our Server is backed up constantly and has almost unlimited room for saving, especially given today’s productive file size of scanning.

Several decades ago, we luckily set up an internal system of filing items that remains in tact today and has saved us ample time. We also name unique documents with extended titles for search at a later time.

You never know!

With a recent need of documents that were almost two decades old, we were reassured that our careful and comprehensive saving of everything REALLY DOES PAY OFF….

The only draw back is if we do not get a copy of the document… so please send us ANY document that may seem important or any document that may need reference in the future – we want to have access in the future and our scanning process is extremely good as well as the quality of our scan…

Something super data sensitive?

There are frequently documents that are copies or completed messages that have so much important information, you may not feel comfy emailing –

Safely upload to your Vault and we will safely download to our server without ever hitting the public email streets!

Here is a quick Video – In case you may have forgotten-

Here is a link to all of our 1 Minute Videos on our main website – not to worry only eight total!

With a mantra of “Safe Over Sorry” We are glad to help in storage of documents … forever!

Have a Great “Save Copy of Documents” 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

Part 15 : Tom Clark, Medicare Expert, with Audio – Three Medicare Supplemental Options – FINAL PART – Thanks Tom for all your content!

This marks the last Part and as they say …  last but not least … Mr. Clark discusses the three options for Medicare Supplemental/Gap Policy. Let it be noted, you most certainly need these, but the good news is this is finally pretty straight forward.

 Direct Audio Here on our site for your viewing/listening pleasures as well as links to every full  post:

Once again, neatly there is a gold nugget of information in the audio, and a trick on where to find an easy phone number to call to get a referral for help – listen up and enjoy –

Medicare Supplement Explained Three Options 

  • Employer Offered Supplemental Private Insurance – this less often- likely best option if available – best coverage
  • Traditional Medicare – no network must buy a Medigap Policy A through F – Full comprehensive coverage- similar to full health coverage, but at the Medicare Level
  • Medicare Advantage – Like Medicare HMO – Network of People that must go through
  • 26 Medicare Advantage plans in DFW area-
  • Part D may or may not be available for Medicare Advantage
  • Do not try to do this all by yourself- see next
  • Local Non-Profit Agency – Dallas County would likely be the Dallas County Agency on Aging, Fort Worth would be the Tarrant County Agency on Aging
  • Dial – 211 – Phone Number for Social Service Referrals – NO kidding – Texas a state that this number works completely, may not be available in all states

Here is the audio…

Wave file format:

MP3 Format:

OGG File Format:

 

Click Here for Direct Link to All Parts Audio Posted on our Special Social Security Medicare Page

Have a Great “Medicare Supplement Options Explained” 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

Q 4 2019 Newsletter Video Audio Podcast Review By John Kvale

Welcome to our Video and Audio Podcast Review of our Q 4 2019 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.

Click Here for direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page

Let’s get going!

Q 4 2019 Newsletter

Click for PDF/printable version of Newsletter

 

And here is your review!

Is it Time to Refinance?

With Mortgage rates moving lower, we discuss the major items to think of when refinancing your Mortgage.

Our most clever point is we like to have an 18 month payback for the costs when refinancing… this serves as a good barometer on when to refinance, irrespective of the size of your Mortgage.

 

30 Year US Avg Mortgage Rate

 

Tariff Talk

It’s been going on for a long time

Trade Wars AKA Tariff talks have been around for a long time. This is not our first rodeo… notice how trade has been more efficient over time!

 

us-trade-wars-history Cropped

End of Year Tax Reminders

While there are a lot of reach back tax items i.e. Things we can do next year for this years taxes… there are many that have a firm year end deadline-

  • RMD – Required Minimum Distributions
  • Company Related Retirement plans i.e. 401k
  • Charitable Donations
  • 529 and other education programs

We hope you enjoy … talk to you in ….. 2020 WOOOW !!!

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