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
D Magazine Best Financial Planner – 13th Consecutive – Wow
Sirius Satellite Radio Co-Host
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.
Have a Great Day – Talk to you at the end of November!
John A. Kvale CFA, CFP
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.
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.
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…
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
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Tagged Best Wealth Managers, D Magazine, Documents, Fed Funds Rate, FOMC