Category Archives: General Financial Planning

A Break (Spring Break – next week) on the way to the Tax Finish Line – Travels

Next week we will all be headed different ways as Spring Break for all occurs. Richard will be in the office as his little ones are out of the house and with my little ones getting closer to driving (less dependence more independence coming) we cherish the last few “Family” spring breaks as they will certainly be different soon…

We will be lightly electronically tethered as a tennis tournament starts our break, followed by a true break to a warmer climate.springbreak

Tax Update – SALT withdrawals

As we get closer to the Tax finish line, we get more views on the tax situation. Generally it is good news, however the SALT or State and Local Tax deduction may cause grief for those in an income tax burdened state or those used to writing off heavy property taxes – be prepared if either or both of those are applicable.

Today is a Friday, heading into a Tennis Weekend, followed by a much desired family spring break ….. Talk to you week after next as we will TRY to stay off the airwaves for a family week – no promises!

Have a Great “FRIIIIDAAAAY” !

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

 

Save the Date – Back by Popular Demand – Tom Clark our Social Security Specialist – Saturday 10 am – April 27th at DAC Dallas Athletic Club – Personal Video Invitation

About four years ago, we had a fabulous speaker, Tom Clark who has multiple decades of experiences at the Social Security Administration as an expert lecturer….

In November of 2015 new laws dramatically changed (limited) many of the Social Security techniques and benefits.

With a few more years under our belts and the change of laws, we wanted to bring Tom back in for an update, refresher, complete analysis of what is happening now, and what may lie ahead for that ever so important benefit, Social Security!

Save the Date

April 27, 2019

Dallas Athletic Club

10:00 AM

MEET TOM CLARKTom Clark Pic

After 33 years of service at the Social Security administration, Mr. Clark now has a second career, spending time with groups like ours, helping them become educated in making the correct decisions and informing them on the intricacies of the Social Security and Medicare System.

Not to worry, Mr. Clark’s last years at the administration found him doing over 300 of these type of events per year.

Questions?

We will be doing a multi-part complete analysis of Tom’s discussion after the event here at street-cents.com, but please send us questions NOW to formulate a list for Mr. Clark to be asked at the event!  Send to jen@jkfinancialinc.com

Here are some questions we have already begun accumulating – just to give you ideas:

  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?

That should give you some good ideas, but we want more – bring em on and we will get them to Mr. Clark in advance, post here as a summary – and after the event, give a detailed direct answer!

Have a Great “Soon to be informed Social Security” 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

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

Hello and Welcome to our February 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!

February – 2019 Video

Financial Planning Tip (s) –

Job Change or Retirement Checklist

In our updated post here, we discuss a few handy items to grab and remember when you retire or change jobs.

Here are the bullets-

  • Last Pay Check
  • RSU-Options
  • Employee Stock Purchase
  • Deferred Comp
  • Pension
  • Health Coverage
  • Long Term Health Coverage
  • 401k
  • New 401k
  • Severance
  • Social Security Withholding

Institutional Trustee photo-1528752477378-485b46bedcde

This post has turned into a full article in the coming Newsletter due to the great response and continued questions and ideas that were brought up-

Possible reasons for an IRON CLAD Institutional Trustee

  • No other comfortable option – Many times a friend/family member is preferred
  • Want an iron clad back up
  • Calming possible family feuds
  • Long lasting legacy desired
  • Desired attention to details such as monthly distributions, bill payments etc.

Choose Beneficiaries Carefullybeneficiary - 42001392872_ddd235968d_m

In this post, just earlier in the week, born from an in field experience – multiple questions in the office after – and the subject making its way into the Newsletter as well… just a great additional article to the Trust!

The most important item to remember in choosing a designated beneficiary on and account is it will over-rule your Will – choose carefully and review occasionally for safety of desired outcomes.

The Brain Shines at West Coast Event

 

 

Capital Market Comments –

Good News – Recovery without a Re-test – So far

Nothing to change from the prior month!

What a different a month makes – WOW! We literally have gone from the sky is falling to sunshine!

In our summary post in December, we mentioned that fast moving slumps, such as the one we had, frequently do not last long….

Here, earlier in the month we also mentioned that we fully expected some type of retest of those lows before we gained our footing.

We still do expect some type of re-test, but as of this date we have had the following positives that have added to the markets better mood:

  1. Federal Reserve (FOMC) have turned very cautious about raising rates further (We are happily surprised at their yielding, and even more surprised at market participants joy)
  2. Tariff talks are making progress – Interestingly, China has seen a slow down in their economy making for slightly more urgent talks – with a little compromise and statesmanship a resolve looks more likely – again a positive for capital markets.
  3. Earnings are still cranking along – For the prior 4-6 quarters, earnings were red hot and hitting on all cylinders, so hot, they were not sustainable. Companies are still reporting good earnings, just not the Red Hot, overheated earnings from prior quarters – this is good news as it avails the FOMC to not have to raise rates to slow the economy –

All in all a Win- Win!

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

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

Why you should be careful when choosing your Beneficiaries

In a continuation of our Why series – if you want to see the entire series just scroll down to the right side of our blog site and change the category to “Why” – there are some neat ideas in our opinion….

And a topic that came up this week with much discussions, once again giving us a subject matter to share…

In a preview article to a more detailed Newsletter article that goes well with our Institutional Trustee article….

Why you should carefully choose your Beneficiariesbeneficiary - 42001392872_ddd235968d_m

The most important point to remember is that whatever your account title  (IRA, Trust, TOD – transfer on death) documentation has deemed a beneficiary, that is where the funds will go, without regard to what your Will or even what Trust documentation may say…

Making sure all of your title documents send fund to where/whom you currently desire….

Want some examples we have seen over the last three decades:

  • Currently married – maybe for a while – but a Parent is still your beneficiary (Easy fix, frequent occurrence)
  • Minor child is the beneficiary – this will not work- courts will end up deciding
  • Ex Spouse – yikes -there are some relief with divorce decrees, but sloppy
  • Sibling that for whatever reason you no longer desire to be a beneficiary
  • Two of your three grown children – by accident, forgetting the third

Don’t let an accidental oversight in your Beneficiary designation slip through the cracks – Review occasionally, and you will be in good shape!

Have a Great “NOT forgotten Beneficiary” 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

Why you may want an Institutional Trustee/Trust Service!

Trusts continue to gain in popularity, both in our office, by the general public, and in their usage and effectiveness in our opinion.

Here in this post is a great summary of Trusts and their various types and uses.

As a reminder, Trusts are not for everyone, they are VERY useful in the correct situation, but in a perfect world, not always necessary…. What follows speaks to those with few other options!

In this preview article of the coming newsletter – (yes we are already working on the Q2 Newsletter) we wanted to dig deeper into the use of and Institutional Trustee or Trust Service.

Why you may need an Institutional Trust Servicephoto-1473186505569-9c61870c11f9

An Institutional Trust Service can be thought of as a formal outside professional entity that will perform the desired services you have requested in your personal Trust.

We cannot be your Trustee or Professional Trust, but the good news is we have a VERY good relationship with a Professional Trust Service that can seamlessly honor your wishes as needed, and allow J.K. Financial to continue to drive the Financial Planning and Investment process.

  • No other comfortable option – Many times a friend/family member is preferred
  • Want an iron clad back up
  • Calming possible family feuds
  • Long lasting legacy desired
  • Desired attention to details such as monthly distributions, bill payments etc.

Are just a few reasons that an Institutional Trust/Trust Service may be just the perfect fit for your Trust!

Have a Great “Perfect Trustee” 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

Wealthiest and Lowest Counties in Every State along with Greatest Differences – Check Your Own State – Friends at Visual Capitalist

We continue to be fascinated with these neat graphics from our friends at Visual Capitalist.

Something about putting the information in Graphic form that makes is easier to read and well…. just more interesting.

If your like us, we immediately go to our home area to see the results!

The very last graphic shows the greatest differences – big city versus a very rural area, usually!

Enjoy:

wealthiest-poorest-counties-us-1070

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