Hello and Welcome to our March 2021 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!
Hope you enjoy!
March 2021 Video
Financial Planning Tips
TWO HANDY REMINDER POSTS – CREDIT REPORT AND SOCIAL SECURITY EARNINGS CREDITS
We had not one but two really good reminder posts over the last four weeks, on which is featured in the Newsletter in great detail and one that is a handy annual reminder – hat tip DK!
Here in this post we highlight why and how you can check your credit report. This is a really good thing to do at least annually to see if there are any barnacles attached to your credit, thereby lowering it and possibly causing other costs in your life to increase i.e. as mentioned in the insurance.
Here in this second post and again also featured in the Newsletter, why you should check to make sure you are getting credit for those hard earned tax dollars being sent to the Social Security Administration AND very importantly a reminder to look for missing credits in your history!
STIMULUS CHECK UPDATE
In this post, we detailed the planning techniques associated with the third round of $1400 stimulus checks and what to watch out for as well as the new cliff thresholds of phase outs… further detailed with the following chart:
Capital Market Comments
MAXIMUM MACRO ECONOMICS COMING SOON
Not every trying to be a trend setter or first into the pool – we accidentally beat most of the regular commentators here in this post to the fact that there are likely some VERY HOT ECONOMIC numbers coming our way.
These will occur due to easy comparisons associated with the drop in Economic activity about a year ago as well as continued lift off as we open up for business once again.
There will be interesting dialogue in the Headlines – Be for warned much of this may be skewed by the afore mentioned!
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.
April 2021 Financial Planning and Capital Market Review – By John Kvale
Hello and Welcome to our April 2021 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!
Hope you enjoy!
April 2021 Video
YouTube
Financial Planning Tips
Rounds 1-3 Stimulus Funds Explained
In this late month post we reviewed our integrated Tax Filing learnings with an updated Stimulus check flow of funds…
The confusing part is mostly from the situation where a decrease in earnings from 2019 to 2020 brought Stimulus credits onto our 2020 Tax return, in the form of that Sneaky Line 30 of our 1040.
September 1, 2021 Round 3 of $1400 Stimulus Look back
There are several important lines in the sand….
Individuals/Families who had a higher 2019 income that knocked them out of some or all of the stimulus original money but a lower 2020 income assuming this person would have qualified for the $1400 per person stimulus based on year 2020 … what the IRS is going to do concerning this matter is on September 1st 2021 they’re going to review all of the 2020 tax returns for folks who had not received the $1400 credit for them and their family and if they meet that threshold they will then receive the $1400 credit period remember this is the much faster phaseout of only $160k and $80k Joint and for an individual.
2021 Tax Return Look Back
Assuming you were not below the thresh hold for 2019 or 2020 return, If a person’s income in 2021 were to drop below the new thresholds .. think next year around this time… you will still qualify for the $1400 credit . They are using the same play book as the original March 2020 rebate look back to give an extra year of the $1400 being credited and it would then show up on sneaky line 30 form 1040 tax return for 2021!.
Capital Market Comments
Fearful or Greedy
In this mid-month post we take a soft swipe at market Valuations, knowing that Valuations do not make markets drop, but does possibly set them up for faster drops if unexpected events occur
Time to Be Greedy
Capital Markets are the only store in town where when things go on sale, people flee the store!
Time to Be Cautious
For some reason we just want to hop on and go for a ride- feels good -but very dangerous!
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.
jkfinancialinc
street-cents
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Posted in Audio, Care Act, General Financial Planning, Investing/Financial Planning, Market Comments, Monthly Review
Tagged Fear, Greed, Round 1-3, Stimulus, Stimulus Check, Warren Buffett