Category Archives: John Kvale

Once Upon a Time there was a Tax Season that just would not Go Away ! … Friday Travels …

We actually look forward to Tax Season……

Rolling up our sleeves and helping everyone with basis finds, forgotten tax deductions, duplicate Social Security withholdings, long lost medical expenses finds ….

Just like the changing of actual season – Welcoming summer now … by the time it is over, we are ready for the next season!

A Tax Season that Would Not End  Uncle Sam

So the traditional April 15th deadline was extended to Monday the 16th since the usual day fell on the weekend… only to be extended another day due to a Holiday conflict, only to be extended ANOTHER day due to technical difficulties.

We warned multiple parties NOT to wire or move money on Tax Deadline day because it was the busiest money moving day of the year … We had no idea the US Government website would go down due to all the activity!

Note to self next year, let’s really be sure to stay away from moving money around tax deadline time.

Either way … We made it!

Now time to begin working through all the NEW TAX laws…. bring em on!

Quick Travel Trip

Today the schedule includes a quick turn around trip, only to return early tomorrow in time for a #1 Seed Tennis Tournament that includes a bye in the first round for the 13 year old … giving just enough time to make the match, assuming the flight is on time …. maybe plenty if the 100% chance of Rain holds …

Oh…the Uber driver is here !

Talk to you next week, we have some great items to talk about…but that is next week … Enjoy your weekend!

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

 

Your Personal Big Data Explained in One Nice Chart

Our friends at Visual Capitalist have done it again….

Check out this fantastic chart of your personal big data.

Data of all type, has great value … here they outline each of our own personal big data!

Of course we could all say big brother is watching and get a bit skeptical/paranoid … we prefer the use of this data will help make us safer and happier moving forward!

Have a Good “Personal Big Data” Day!

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

Foreign Bank and Financial Accounts- FBAR New Filing Date Reminder — Friday

Several years ago the IRS mandated new rules on FBAR – Foreign Holdings Reports on your US Tax return greatly increasing the number of folks that have to report .. Don’t Forget!

Report of Foreign Bank and Financial Accounts – FBARForeign money photo-1514903972551-c828aec4146e

You likely know who you are as the IRS has increased the number of folks that need to report Foreign Holdings by lowering many of the thresh-holds of foreign funds.

What you may have forgotten is the new filing date is also the same as our regular filing date, next week.

Here is the IRS link on the matter, we just wanted to remind you just one more time…. Heads up, don’t forget!

Today is a Friday heading into … you guessed it .. a tennis tournament weekend for the 13 year old. No travels, no rain, perfect weather AND an A Draw match, finally … Looking forward to it!

Have a Great Weekend… See ya 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.
www.jkfinancialinc.com
www.street-cents.com

Spring Break Schedule Travels – Spring has Sprung – Time Change/March Madness – Friday … Spring Pictures

Next week is our school spring break. Each year we try as a family to take time from the rigid schedules of Tennis, travels, school and late arrival to home time. This year we will be out of town attempting to do the same. While last year we even tried not to have posts here – unsuccessfully… we are going to try even harder this year to be absent for the week … without a post as well.

No promises as we will be tethered lightly electronically as always!

Luckily the office Spring Breaks are staggered, leaving you in the capable hands of Donald the Brain and Cathy.

Spring has Sprung-

Speaking of spring … the all knowing Tree in our back yard has begun blooming, signaling the official start to spring. While not Punxsutawney Pennsylvania it’s record is perfect for the last 17 years …

20180304_140533360_iOS

Time Change

Remember this is the time of year we gladly give up that extra hour of sleep in order to have extra light at the end of the day.

Don’t forget to happily roll that clock forward on this Sunday – yaya, most clocks do it automatically.

Let the sunlight evenings begin and a little March Madness too!

Friday

Today is a Friday, heading into a Spring has Sprung, Spring Break Week along with a much welcomed Time change.

Enjoy your day, your weekend and talk to you …. fingers crossed, not until the follow week.. no promises!

Here are a few more Spring Pictures from the family favorite jogging and walking trail near the house.

Have a happy “Spring Has Sprung” Day!

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

Presidents Day Reminder … Olympics .. Sentimental Friday …

In honor of President’s day, next Monday the 19th is a government, Capital Market, bank and Post office Holiday … Our office will be closed as well…presidents-day-3079810__340

After a huge Mid-Week Capital Market Post, we are going to keep this one short and sweet.

Olympics

Hopefully you have been watching the Winter Olympics as much as we have. Congrats to all the men and women who have worked so hard to put themselves in such an honorable position.

Only a sporting event could unite two countries that have been at odds for so long.

Here is to wishing they remain friend for all of our well being after the event.

Sentimental Friday

Maybe it was the Valentines Day with the kids and seeing just how fast they grow. Maybe it is the winding down of Cathy as our office manager after 10 years. (She is retiring shortly.) Maybe it is the long weekend without tennis and good family time. Maybe it is the shadow of anther spring about to bloom.

No matter what, maybe its a good time to take a moment to give thanks for all the great things we have and get to experience.

Have a Great Weekend … Back to business 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.
www.jkfinancialinc.com
www.street-cents.com

 

Pacing Ourselves Preview, A Runners Perspective …Where did January Go? …Friday

In one of the first longer runs, a 1/2 Marathon (13.2 miles) many years ago…. The Cardinal sin of a new longer distance running was made….

Starting too fast !

There is a saying in running, for every minute you go out too fast, you will lose two coming back.

Next week we will take a detailed look to see if the Capital Markets may have started this year’s race too fast!

2-1-18 SP 500 year chart

Speaking of pacing ourselves …. Wow, January went fast .. Slow it down !

Today is a Friday heading into a late Winter weekend with Tennis Travels on the horizon .. Enjoy your weekend, talk to you 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.
www.jkfinancialinc.com
www.street-cents.com

Two Great New Total Vault Time Saving Experiences – Passport and Medical Card

Over the last month during two separate traveling trips with the 13 year old, we had great time saving experiences.

Vault Saves the Day Twice

During the afore mentioned Orange Bowl Tennis Tournament. A far journey into a distant state that commenced with a need to show identification in order to play … passport-2642170__340

As we neared the check in table, our hearts sunk …. We did not bring a Passport … Quick thinking and a fast log in via a cell phone to our family New Total Vault .. The passport picture was glowing on the front of the phone by the time we got to the front of the check in line.

Not only did it work perfectly but the official said to us “Wow, that’s clever a good way not lose your Passport!” Little did he know !

Next Up — Vault Finds the Medical Card

Over the Christmas Holidays, the same 13 year old ended up very sick, just as we hit a remote town on Christmas eve. After a lengthy search it was determined that the Medical card for the 13 year old had been left back at home, 600 miles away ….

Within a few minutes, the family New Total Vault had been opened and the correct Medical Card in view.  (A future post- but worth mention, our first remote Dr. appointment occurred via a Facetime session during this Christmas eve remote town illness)

Vault Checklist — From Your Vault

Here is a little list of neat items we might want in our New Total Vault:

Legal Documents □ Wills □ Deeds □ Revocable & Irrevocable Trusts □Power of Attorney □ Codicils (Supplements made to a Will) □Living Wills/Health Directives □Prenuptial Agreements □ Buy/Sell Agreements □ Contracts Social Security and/or Veteran’s Administration Info Insurance Policies (Life, LTD, Disability, Medical, Car, Property) Medical Records Bank & Investment Statements □Pensions, IRAs, Annuities etc. □Investment Accounts □Stock Options/Certificates Liabilities □List of Credit Cards with contact information □ Mortgages □Loans Taxes □Tax Returns □ W-2 Forms Identification □ Birth Certificates □ Drivers Licenses □Passports Family □ Adoption Papers □ Marriage License □Pictures □ Audio Files □ Video Clips Property □Titles to Homes, Autos, Boats, etc. □ Warranties Employment Benefits

Have a Great “Gotcha Covered With Your New Total Vault” Day!

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