Oddly Timed ES Payment Due Date … Q3 ES Payment Due September 15 2022 ! Eight Days from Today!

Not to worry…. we caught this ES payment due date well in advance… thanks to our Friendly IRS Reminder email early this am….

But as mentioned before the staggered due dates can be confusing….

Not to worry, we have PLENTY of time after this one…. but again, here is your reminder!

Tax Due Dates

Payment Due Dates
You can pay all of your estimated tax by April 18, 2022, or
in four equal amounts by the dates shown below.
1st payment . . . . . . . . . . . . . . . . . April 18, 2022
2nd payment . . . . . . . . . . . . . . . . June 15, 2022
3rd payment . . . . . . . . . . . . . . . . . Sept. 15, 2022
4th payment . . . . . . . . . . . . . . . . . Jan. 17, 2023*

  • You don’t have to make the payment due January 17,
    2023, if you file your 2022 tax return by January 31, 2023,
    and pay the entire balance due with your return.

Electronic Payment of ES Taxes

Here is the IRS tax website link, which is very easy to make electronic estimated taxes. Be sure to follow the instructions carefully as there are a lot of different options for making payments to taxes, and be sure to carefully enter your personal information so the IRS knows it’s you.

We recommend you do this electronically if at all possible…. the mail is still having issues!

Have a Great “Oddly timed ES Tax Reminder” Day!

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

On the way back home … Long weekend … Labor Day Monday !

In concluding a fantastic start to a more “Normal” travel season…. It is super to report from just a little less than a year ago…. Things are well, returning to normal….

As you read this, the travels are in action and the flight is back south to home for a long weekend…

So great to visit, so great to feel more normal… YAY

Next week is a short week as we unofficially start the early fall season.

Ahhh…but that is next week and today is a Friday heading into a Labor Day Holiday extended weekend….

Enjoy and spend time with those important in your life… Talk mid 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

August 2022 Financial Planning and Capital Market Review – YAY …. Holiday Party Location Revealed – 401k Run Rate – Wall Street Mistake to Our Advantage, Bloated Inventory – Slowdown Contra Bounces and Pivot Narrative Reminder – By John Kvale CFA, CFP

Hello and Welcome to our August 2022 … 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: Holiday Venue Announced –

Thanks for the tease jabs last week… deserved…haha

Dallas Museum of Art

Details to Come – Saturday Afternoon November 19th before Thanksgiving Weekend

Newbies –

We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets thoughts and current events!

Hope you enjoy!

August 2022 Video

YouTube

Financial Planning Tip(s)

Check that 401k Run Rate – Are we hitting our contribution goals?

Here in this post we remind everyone now is a good time to check the run rate for your 401k contributions….

The reason now is a good time is we have time to make up any shortcomings, should they be discovered…

Bloated Inventories – Wall Street Woes = Main Street Savings

With large public companies fessing up that they have accidentally over inventoried and will be slashing prices to move said bloats….

Now may be a good time for a MANDATORY purchase….

As we mentioned in our post here, we have done some spiffing up of the office in conjunction with our new lease signing… Maybe too many people took our post to heart…. options are greatly reduced on some of our updates…yikes

Capital Market Comments

Hill Street Blues Reminder – Let’s be Careful Out there

In our post here, we highlight as a reminder that slowing/recession markets can have interesting contra bounces… but as our Hill Street Blue’s Chief always stated….

Let’s be careful out there…

Jackson Hole – No Pivot

Along with contra bounces comes a narrative that usually gets some traction…

Sure enough, this bouncing narrative was the Jerome Powell was already Pivoting to a slower hand (Economically not important as the cards have been dealt- digressing) …

Jerome Powell announced in his last weekend speech …. not only NO PIVOT but get ready for some Pain….Wow….

Care to guess when the announcement occurred?

Not to worry we are most definitely …… Being Careful Out there!

Have a Great Day, Talk to You at the End of September!

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

The Most and Least Livable Cities Globally … Light Viewing to Start the week … From Visual Capitalist …

From our favorite interesting facts website and friends, Visual Capitalists ….

While promising a lighter week last Friday, the month passed faster than thought, mandating our Monthly review mid week…. so a bit heavier than promised… with travels on the Docket this week and a Long Holiday Weekend… Friday will be light for sure!

But heck it is a Monday and this is a neat light start to the week…. while very quantitative, you need to be a very worldly person to have an opinion ….. no USA locations made the list!

From the Article ….

This map uses annual rankings from the Economist Intelligence Unit (EIU)

A Quick Note on Methodology

The ranking attempts to assess which cities across the globe provide the best living conditions, by assigning a score on 30 quantitative and qualitative measures across the five categories with the following weightings:

  1. Healthcare (20%)
  2. Culture & Environment (25%)
  3. Stability (25%)
  4. Education (10%)
  5. Infrastructure (20%)

Have a Great “Best and Worst Cities” Day!

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

A Very Productive Week … Finishing Touches on Neat Holiday Party Venue … Continued Office Updates … First Travels of Late/Post Summer Next Week … Friday

Some weeks we like everyone feel like our wheels are stuck in mud and we just cannot get out of our own way….

Not this week –

For a late summer, pre-holiday weekend coming down the pike, we had a fantastic week that we were able to share with many of you personally and of course in this venue….

Needless to say the time to sleep from head hitting the pillows for all was very short ..haha

26th Annual Fantastic Holiday Party Neat Venue – Save the Date November 19th 2022 @ 2 pm

Shhhh we are putting the finishing touches (actually waiting for contracts) for our 26th Annual New Never Attended Venue for our Holiday Party!

Sneaky Venue Soon Known – Any Guesses?

Saturday BEFORE Thanksgiving afternoon – November 19th at 2 pm

More details soon! yay

More Spiff to the Office

As mentioned here in our Wall Street’s Angst in Bloated Inventories may be good for MANDATORY needs… we continue with minor updates in celebration of our New Half Decade Lease Commencement …

Post Summer Travels – Happily First of Many

Next week kicks off the first post/late summer travels, happily with many on the horizon as we enter the fall season…

Less hurried travels we might add due to the noted delays with flights …. Lemons into Lemon Aide anyone!

Ahh… today is a Friday heading into a pre-holiday and travels week – Enjoy – Talk next week, maybe even some lighter subjects for our collective reviews!

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

Bloated Inventories – Using Wall Street Knowledge for Main Street Use – Good time to make a MANDATORY Purchase

The headline almost read “Good time to make a Discretionary Mandatory Purchase”, but not being an English expert that probably is some sort of a miss punctuation or double negative…. Yes Mrs. Cane (English Teacher) still not good at punctuation … digressing…

As a Frugal Financial Advisor, “Mandatory” is placed squarely in the headline on purpose! But we wanted to bring Wall Street mishaps to Main Street savings.

Now is a good time to make a Mandatory Purchase

For those not following Wall Street ….the major retailers in an effort to overcome some of the supply chain issues have greatly overstocked their inventories by accident…..  At this time this includes almost all of the major retailers and most of the electronics retailers but not yet as much the major home and home builder type of stores. 

Not only are the inventories bloated, but companies are warning margins will be lower as they blow out these inventories…..

Here’s the sizzle, using our self as an example with the aforementioned signing of our new five year extended lease, as a regular practice it’s time to spiff up the office.

We have found fantastic electronic deals as we are in the process of upgrading much of our non-core computer items.

Again if you have a pseudo-mandatory purchase, the bloated inventory and markdowns which many publicly traded companies have already stated they are aggressively doing, may be a handy time to make again a “Mandatory” purchase.

While prices are likely at low levels, they can always go lower, but we have found seasonally around the holidays frequently prices pop up in advance to only be marked down to the normal price.

Again this is not a greenlight to go recklessly purchase items, and it may sound funny from a Frugal Financial Advisor to mention this, but we are taking advantage of something the largest retailers and electronic stores are telling us and in our experience are finding good deals on these “Mandatory” upgrades.

Have a Great Frugal Finder day!

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

Great Time of the Year to Check Run Rate of Contributions to Retirement Plans or the Like

With a pending holiday week coming up in the next several and as mentioned before many on Wall Street seem to be getting their kids back to school. We thought it a timely time to remind everyone to check those retirement contribution run rates….


Great time to review your contribution levels

Midway through the third-quarter, is a good time for all of us to review our retirement contribution levels. If our intent is to max out your 401(k), or other retirement plan, take a peek and see if you’re on track to achieve this goal.



If you have any questions certainly shoot us your latest paycheck and we can do the calculations, but here are roughly where we should be on our contributions to the regular and ketchup 401(k) levels.


Ideally your year to date (YTD) contribution levels for your 401(k) regular withholding by yourself should be about $13,500 in order to meet the $20,500 regular filing maximum by the end of the year and if our goal is to achieve the $27K catchup for those 50 and older we should be at about the $18,000 level today. Both of these should be our individual YTD withholding amounts. We know there are matching and employer contributions … but the rules are set for us as an individual at the $19,500 regular maximum and $27,000 catch-up maximum.

Two quick reminders… if you have changed employers it is our job to keep up with the maximum amounts as mentioned here because our new employer will not know our prior contributions… Lastly we like to max fund early our contributions if we know we are not going to be at our employer the full year…. Especially if we may be going to another place that may not have a plan or may have a mandatory waiting period..

There are variances in certain situations, most of which we have already discussed, but those that we have not recently …

  This is your friendly reminder!

Have a Great “Retirement Run Rate” Reminder Day!

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

2.5 days down 177.5 to go, Traffic Back , Break in the Heat , Friday

Not sure about you guys getting kids to school, but everyone I know after the first week always says and thinks “Not sure how we’re going to make it” as it’s a crazy first week… only 177.5 more to go……. OUCH … We all do make it of course … but once again the crazy first week at least at our Homestead did not let us down in the form of busyness.

The Are Back

With the aforementioned local university also filling up, the streets seem extra packed because the locals, if possible, headed out, due to the extremely hot summer, leading to what felt like an over population of the streets suddenly, but just a return to the norm.

Speaking of heat, we actually saw something fall from the sky that we didn’t recognize as it’s been so long, I think it’s called rain! The temperatures missed the triple digits for a few days in a row, leading many to believe maybe the worst is behind us! Yay.

Markets Back to School Too

Capital markets or maybe better said, capital market participants may also all be getting kids back in school as it’s been a fairly uneventful past few weeks. Not to despair that will all change when we get on the other side of the coming holiday which is still a few weeks away.

Today is a Friday and heading into the first weekend of school at least at our Homestead, enjoy, spend time with those that are special – 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

How we bring so many original ideas in this format to you? Back Handed Compliments Accepted …

One of the most backhanded compliments that we receive, mostly from new followers ….No way this is all original information ?

 

The answer to that is of course yes, spelling mistakes and all,

 

The follow up question is how do we deliver so much content? Again a very backhanded compliment that makes us smile.

 

While we’ve talked about this before in slightly different context, as mentioned above with new followers reaching out with these questions we thought it worth another review.

 

The Secret sauce!

 

Dictation!

This post is being created on a early morning stroll, due to heat restraints here in the south via dictation. The stroll brings out the creative juices, the software allows for easy print. The only problem is that dictation leads to inappropriate syntax that is very close to what the intended word SHOULD be and can be very difficult to spot! From above…mistakes and all!

 

Sometimes these mistakes sneak by, we call that originality for our posts, and we appreciate those that point outside mistakes, as we are most certainly human as well.

 

As a funny side note …. this just happened, due to our continued writings, and walks while writing,, we have met an interesting group of fellow walkers, always wondering why the curious speaking to the cell phone!

 

Please feel free to send us requests or subject matter, if it fits we will certainly broach the subject.

 

We frequently get requests for guest hosts, which we decline due to usual sales like subject matter from the author. But we welcome subject matter requests from you guys…. for the record you give us the most content from a daily trials and tribulations… THANK YOU!

 

OK, that’s it, now you know how the sausages made, we hope you enjoy, and liked peering behind  the creative curtain!

Have a Great “How the Sausage is made” Day! 

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

Hill Street Blues Reminder … Let’s be Careful Out there … Slowdown Refresher – Lengthy and Contra Bounces …

As a kid, with a firm 9 PM bedtime, one of the last shows I could grab before hitting the sack each night was a cop show … maybe showing my age, remember was a kid … Hill Street Blues, each show started out with the chief giving a summary of the day and passed events ….. and his words every show as he released his men to the streets were …

 “Let’s be careful out there!”

Reviewing Anatomy of a Slowdown again

Being creatures of habit … recency bias seeps into so much of our thinking … 2020 was just barely a double digit day retreat and Capital Markets of 2018 just barely a double digit month retreat. 

Many may have forgotten what a normal slowdown looks like.

Not trying to beat us over the head or a dead horse, however that goes …. More normal economic slowdown‘s as mentioned here and here just to name a few mentions (ok dead horse again) take somewhere between nine month and eighteen months a.k.a. 2007 – 2009 financial and 2000 dot com bust followed by a slow down, rather than just the most recent quarters we’ve experienced.

Contra Movements

Big bounces are part of a slowdown… much bigger bounces than normal growth appreciations during Growth/Bull times …

Yep… 19.37% and 22.93% bounces….

A slow down, the R word – (Recession), or a growth absence, patience is a virtue …

In true let’s be careful out there fashion, we haven’t forgotten the umbrella and maybe it will not rain, but we definitely have the umbrella just in case….

Bottom line, stay away from extreme headlines of “It’s all clear” and the other “It’s all doom and gloom”, we will get through this, but let’s be careful out there and have our patience hats on too!

Have a Great “Anatomy of a Slowdown Refresher” Day!

Be Careful out there too!

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