After fielding several calls in the last week or so about Required Minimum Distributions (RMD’s) We wanted to remind everyone that due to our current situation all required minimum distributions have been waived for this year.
That does not mean that you cannot take funds out if you have a need or a want. This also does not cause us to have a double distribution next year, pretty much the best of both worlds, elective distribution if desired not mandatory if not wanted!
HAPPY THANKSGIVING Blooper
The most popular video ever was one that was literally almost a comedic uncut repeat attempt when the kids were much younger
Here is what they look like today…
Here is what they look like then, with your authors best attempts of trying to do a serious video – What eventually happened is an upload of all of the attempts much like you would see at the end of a movie or blooper!
Hope you enjoy likely the last year that we will show this, but we’ve said that for the last two or three years just too much fun especially given my seriousness and their lack of seriousness!
HAPPY THANKSGIVING
John A. Kvale CFA, CFP
Finally Taxes are Done … Rob Kaplan Federal Reserve Chair Town Hall Personal Embarrassment …
Whew…. that was easy…. NOT!
Finally we can say goodbye to 2019 taxes … Wednesday Marked the due day for personal Federal Income Tas Extensions.
Luckily (where work and opportunity cross – neat saying heard recently) in the fall of 2019 we went through EVERY taxable portfolio and confirmed tax basis – both reported and unreported to the IRS…. never knowing what this year would bring. This exercise effectively minimized tax documents to one report per account.
Glad we are done!
A Nerd Incident with Robert Kaplan and the Dallas Federal Reserve
On Wednesday of this week, yours truly attended a Virtual Town Hall chaired by Robert Kaplan (pretty big Fan, here is a link to nine articles we have written for those interested).
In true nerd multitasking form, the Zoom meeting started, on the Cell, why not listen while jogging? Cell inserted into runners band on arm and away we go!
Expect comments on the talk, it was very good and interesting…..
Post jog, cell back off runners arm band and onto the couch as the live question and answer session had commenced.
Then this:
With no question, the Unmute button was not going to be touched! Finally after what was likely 5 seconds, but felt like 5 awkward minutes, the moderator and Kaplan moved on!
Whew, embarrassing moment averted… or was it!
A question or two later and then this:
This time the Zoom video was shut off before the Unmute logo hit the phone screen….
Can’t make this up!
Hope you enjoyed a nerds chance encounter with Robert Kaplan and maybe even got a chuckle.
Enjoy your Friday, and your weekend …. going to be chilly for the first time in our neck of the woods…. talk next week!
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 Clients/Clients Only, Economy, FOMC, Investing/Financial Planning, John Kvale, Market Comments, Personal
Tagged Dallas Federal Reserve, FOMC, Personal Taxes, Robert Kaplan