Category Archives: Vault

Q 2 2019 Newsletter Video Audio Podcast Review By John Kvale

Welcome to our Video and Audio Podcast Review of our Q 2 2019 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.

Click Here for direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page

Let’s get going!

 Q 2 2019 Newsletter

And here is your review!

Capital Market Talk

Recession and the Inverted Yield Curve

Ask any long distant runner what happens when they start out too fast and they will tell you it is not good new – The saying goes for every minute you go out too fast, you come back two minutes slower than normal…

In our main capital market article we discuss the reasons why we may have a recession by definition, but why it may not be a big deal (hopefully).

The Inverted Yield Curve (Short term interest rates higher than long term rates) and infrequent event, did occur for five days – so far – just after our Newsletter went to the publisher. The Inversion has been a good signal of recession, EVENTUALLY – some times as long as two years in advance.

They Don’t Want Your old 401k

A recent Cerulli study finds that once you leave the company, most really do not want your funds anymore. We have long suspected this.

  1. Frequently a short wait time turns into a long wait time with a different and much more general help line.
  2. Forms may be much more difficult to acquire.
  3. Paper work received, saying take it or we will distribute it and you will have taxes and penalties.
  4. Rolling over into an account that is TERRIBLY hard to get out and has hurdles to jump through, high monthly service charges as well as limited investments, if any.
  5. A general feel of everything is hard to do, once again explaining the Cerulli study results.

Are a few items we have run into over the years!

Iron Clad Trustee

General order of Trustee or other important people to execute your wishes when you are incapacitated or deceased, generally go like this:

  • Spouse
  • Sibling
  • CLOSE friend
  • Similar Aged Relative
  • Grown Children

As we can all imagine, this list can easily be very short and insufficient.

In our deep dive of the Institutional Trustee Services, we discuss the handiness of having such a great service as well as the ability to offer these services ourselves.

Choose Your Beneficiaries Carefully

In this article that fit nicely with our Trustee article we mention different types of Beneficiaries and most importantly. Make sure you confirm that your beneficiaries are correct as this will over ride you other documents, including a Will or Trust.

We hope you enjoy … talk to you in the Summer!

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

Q 1 2019 Newsletter Video Audio Podcast Review By John Kvale

Welcome to our Video and Audio Podcast Review of our Q 4 2018 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.

Click Here for direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page

Let’s get going!

 Q 1 2019 Newsletter 

And here is your review!

Capital Market Talk

The Grinch Came to Christmas

Just a few days into the final Quarter of 2018, market participants became grumpy and continued their coal ways all the way through the end of the year – a seasonally strong historic period of time.

In our main capital market article we discuss the reasons why – no one knows for certain, and discuss the speed of the decline along with what the future may hold..

Updated Personal Theft Story

After having three credit cards stolen which we spoke of here, an interview with a detective brought to light some amazing stories of theft

  1. Never give gift cards as a payment –
  2. Don’t fall for fake blackmail –
  3. Have a safe word for fake kidnappers or other similar scams

Meet Jennifer Hill “Jen” Our New Operations Manager

In a more in-depth article that expands on her background, Jennifer “Jen” Hill has our formal introduction along with several fun pictures including a Charlie’s Angels and a D Magazine Wealth Managers Picture from our honored award of D Magazine’s Best Wealth Managers.

We hope you enjoy … talk to you in the Spring!

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

Estate Planning – Total Document Summary – Part 1

This is another redo of an article/post of several years back. We reference this so much we thought it a good idea to present it again, especially to those who may not have seen it originally – As a reminder, we like all of your Estate Planning Documents to have a virtual home in your Vault for easy, safe continued access! Ok – Let’s get going – again!

The term “Estate Planning” gets thrown around frequently, sometimes by us. Recently we tossed the term out and upon finding we did not have an article with a total summary of “Estate Planning Docs” an article was born.

Break in – If you have not reviewed your documents in five + years, now is a good time… let us know, as we should have a soft copy of file … if not…send us one please!

Estate Planning Docs

Will – Document that directs non-beneficiary directed assets (Ex ..house, property, cash and regular investment assets) and may create trusts for minors, names a Custodian, Executor and may also create trusts and Trustees for estate tax minimization and other uses (see final statement in article below on Trusts.)

Power of Attorney– Financial document that appoints someone other than you to make most financial decisions in your absence. Generally this document immediately becomes effective upon authorization, as opposed to upon disability.

Healthcare Power of Attorney – Document that appoints someone to make important healthcare decisions if you are unable. Think un-conscience and need to approve some type of procedure.

HIPPA – Allows your appointed person to receive medical information on your behalf. This is the ant-privacy document to counter unintended consequences of many of the recently enacted privacy laws.

Living Will- Cease and Decease – DNR – These titles are one in the same and are frequently confusing. This document allows medical professionals to NOT mandate all possible care, should you become deceased mentally, but not in body function. DNR stands for do not resuscitate, and is probably the most explanative title.

We will dig more into Trusts in a specialized post (Part 2)  just dealing specifically with that area of Estate Planning!

Now you have a great all-in-one spot for just what the heck all those “Estate Planning” docs are… and us too !

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

JK Street Cents Logo

1 Minute Video Feedback – Thanks – Home Sweet Home – Friday

Thanks to all of you who reached out about our one minute video series. We appreciate you taking the time and any and ALL questions are great. Here is the link to all eight videos on our home web page – we hope you continue to enjoy and look forward to adding more in the future!

We expect more major improvements coming in the Fall. As they occur, we will happily let you know.

Home Sweet Homehome-sweet-home -home-1247153__340

The ten year old has a sudden interest in music from the 70’s, 80’s and 90’s – much to the delight of his parents!

In true Home Sweet Home like fashion, this weekend we make the journey back from the cool elevations to Sweet Dallas as the school year starts next week for the tennis player and following for the 5th grader!

Ahhhh….but today is a Friday – enjoy your day and your weekend!

Talk to you next week as we try  to keep the school goers eyes dry!

Have a Great Friday and 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

1 Minute Video Series Part 8 – Using Your Cell Phone to Upload Documents to Your Vault

Missed any of the 1 Minute Vault Series?

Here is a link to them on our main web page of JK Financial, Inc. and here is a link to them on our blog site here, and then here on our YouTube site.

Part 8 Uploading Important Documents to your Vault

In the eight of an every growing Vault series … and yes we are trying to keep these around 1 minute knowing time is valuable –

In this video here is what we discuss:

  • Opening the Vault Tab in your Personal Vault
  • Scrolling to the area to add something to your Vault
  • Safely putting your cell in photo mode to snap your important document – your document WILL NOT be saved to your cell for ever more security and safety
  • Boom – Showing you the document location upon loading

 

Have a Great “Cell Uploading Document 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

 

1 Minute Vault Video Series Part 7 – Using Your Cell Phone to Access Your Vault

If you don’t remember parts 1-6, do not worry. it has been some time since we originally put them out.

Here is a link to them on our main web page of JK Financial Inc and here is a link to them on our blog site here, and then here on our YouTube site.

“New” Vault Update

Ok, so it is not so “New” anymore, but there have been continual updates with TONS more to come.

In this 1 minute video, we show you the following:

  1. Download Our Neat Vault Logo App Looking Link to your Cell phone
  2. Update the Title of the Vault Logo Link
  3. Open the Cell phone Vault log in page from your phone

 

 

Have a Great “Cell Phone Access 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

 

Bet you didn’t know we had a YouTube Channel – Vault and Other Video’s Coming Soon – Friday Tennis

After a heavy week of Pension Benefit Options and a Super Heavy 90 day Treadmill/Earnings update… let’s slide into this hot weekend on easier ground…

Did you know we had a YouTube Channel?

Yep, we do – it’s out there and holds all of our Video’s from the very beginning. It also lets us easily embed the videos in other places!

JK YouTube Channel pic

Take a look, here or at the link at www.youtube.com/jkfinancialinc

Ok, so there is nothing edgy or slanted, but there is a tone of great information on it… take a look as see for yourself!

Here is our most popular Video EVER, for obvious reasons (its a few years old and wrong season, but we can always use a laugh)  …

 

Speaking of Videos ….

Vault and Financial Planning Video’s Coming Soon

Our Vault has undergone some updates – NICE – and we want to update a few of our current “How to Vault” videos (Six 1 minute Fun Video’s found here or on our Youtube Channel) as well as add to the details of several of our most popular posts.

The Vault Videos will stay at 1 … yes ONE minute – long time listeners and readers know that is really hard for me, but with such good feedback, we will keep it right there – if possible – haha!

Several of the more complicated items, such as Estate Planning Checklist and the Inverted Yield Curve series will make the cut as well.

Hope you enjoy in advance!

So it is a Friday … and that means you are headed into a Summer Weekend – Please enjoy and stay hydrated, which is what we will try to do with the 13 year old, as she play a tournament in a farther Southern Texas City, but it will still be HOT!

Don’t forget to spend time with those who are important in your life… it goes fast!

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