Quarterly Estimated Tax Reminder … Payment Due Next Monday – Travels Next Week – Happy Fathers Day Weekend

For those of you that need to pay in estimated taxes, this is your friendly reminder…

Payment Due Dates
You can pay all of your estimated tax by April 15, 2019, or
in four equal amounts by the dates shown below.
1st payment …………….. April 15, 2019
2nd payment ……………. June 17, 2019
3rd payment …………….. Sept. 16, 2019
4th payment …………….. Jan. 15, 2020*

Quarterly Estimated Tax Payment Reminder

Here is the link to IRS Publication 1040 ES  – which has EVERYTHING you need to file your ES payment!

Here is the ES payment coupon due Monday June 17, 2019:

2019 Payment Voucher 2 due June 17 2019

Here is where to send the ES Payments:

2019 Where to File ES Payments

 

State Income Tax filers, you may also need to file a similar report as the above is for Federal Only Income Tax filers…

Break In:

At 10:40, about ten minutes after this post hits your in box, the fourteen year old will play in the Consolation Finals (5th or 6th place) see next note – Nice Father’s Day Gift!

Happy Father’s Day Weekend!

 

Post Tennis Travels

This week, the largest Texas Tennis Tournament of the Year occurred in a small and people-crushed into, West Texas Town (with VERY bad internet- I digress) … 984 players (not including parents) squashing themselves on courts, grocery stores, restaurants, and any place that was available… EVERYONE … present party included, GLAD TO BE THERE AS LONG AS POSSIBLE … AS IT IS WIN OR GO HOME …. next week, the family is happily off for a quick break in a quiet place before the next tournament which is more normal … a long Weekend  (summer brings the most tournaments of the year).

Always lightly tethered electronically!

Talk to you next week – thanks for your time!

Have a Great “Quarterly ES 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

 

Part 1 : Tom Clark Social Security Expert with Audio on frequently forgotten benefit – The Social Security Survivor Death Benefit

At our Fantastic Social Security Event earlier this year, Expert, Mr. Tom Clark, led off the fun casual discussion with the much important and frequently forgotten benefits that Social Security Provides.

Social Security Death Benefits

  • Should a parent die with children under the age of 18, Social Security Monthly Death Benefits will be payable until age 18 for each child
  • Parents will have needed to pay into Social Security for the benefit to occur
  • Benefits will pay to a maximum of three children per family i.e. Families with greater than three children will max at the third child (called the family maximum benefit), families with less than three children will be receive monthly benefits based on number of children under 18 – Here is a link to how to calculate the benefit, as warned by Clark, its complicated
  • Benefit amount will depend on amount being paid into at the time – i.e. Higher payers will receive higher benefits
  • No matter the income a benefit will be paid i.e. “Even a billionaires child will receive monthly benefits until age 18!” This statement in the Audio from event, below
  • Benefits will be paid to an adult for the benefit/use of the child
  • Over THIRTY FIVE THOUSAND, yep, thirty five thousand children receiving benefits in the Dallas Fort Worth Area alone! From audio below

 

Multiple Audio for Differing Devices – Mr. Tom Clark

 

Have a Great “Understanding Social Security Death Benefits” 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

Password Safe Keeping Idea, Confidential Portion of Your Personal Vault

Digital Assets, AKA your Passwords have become a challenging item for many. We find that in most cases, one party is controller of them and those single folks may not have an easy back-up.

Did you know your Personal Vault has a confidential folder area?

1 Minute Video –

Confidential File Area of Your Personal Vault

We know many of you may have a notebook with a special area that has all of your Passwords –

Our favorite –

An Excel file, NOT named “Passwords” – that has a very strong Excel password to open the file. You can even have the respective websites linked in the Excel file so when you go to your password file, you just click on the link for the website and boom your browser opens to that page ….

Share that Excel file password carefully, update the file whenever you have to do the eventual mandated password update for your selective sites!

Upload that file to your Confidential Area of your Vault, and you are set.

Have a Great “Safe Password” 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

Fed Speak Spurs Markets: Accidental Reporting – Great Audio Totally Contrary to Reports … Friday

Mid-week, Jerome Powell current Federal Open Market Chief (FOMC) hinted that rate movement may be under review – this, the exact sentence is what Capital Market Participants applauded:

“…we will act as appropriate to sustain the expansion.”

As simple as it may sound, it’s meaning is strong. Simply put, the FOMC is aware of headwinds being caused by the tariff talks and are considering it as a factor in their estimate of the growth of the economy. Here is a link to the actual speech for those nerds like us!

Rewind to just two quarters ago when the FOMC was on record saying they planned on raising rates three more times, spurring the Holiday season Hissy Fit … Things certainly have changed – 

This headline from Wall Street Journal Yesterday 20190606_184120000_iOS

afternoon!

But HOLD ON … this will make you scratch your head–

Robert Kaplan, Dallas Federal Reserve President – One and a half weeks ago during a lunch presentation! Take a moment to listen, it’s 1 minute and 14 seconds!

Different Audio types for differing browsers – same audio

 

20190528_170905120_iOS

Timely recording of the event…had no idea how pertinent it would be so quickly!

Feeling a bit like a reporter…. confused reporter, but reporter!!!

Have a Great Friday and Super Weekend!

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

Five Charts on How Money Moves Around the World

Graphs always seem to make things clearer and easier to read, at least in our opinion….

What follows are five charts of how money moves on various continents from our friends at Howmuch.com

Are these cool or what?

Global

remittance-flows-around-the-world_world-(1)-7f50

 

Transfers

remittance-flows-around-the-world_Americas-c5b5

 

Europe

remittance-flows-around-the-world_Europe-1b35

Australia

remittance-flows-around-the-world_Africa,-Australia-d2b9

Asia

remittance-flows-around-the-world_Asia-9708

Not only does news travel extremely fast these days…. money does too!

Have a Great “World Money Flow” 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

May 2019 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our May 2019 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 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!

May – 2019 Video

Financial Planning Tip (s) –

Why Reading the Fine Print is Still Important

img_2797

Here in this post we discussed the need to keep an eye out for tricksters as the still find their ways into our lives…. this post was created after stumbling on to an offer of 99% annul charges on what looked like a request for a donation to a charity… can’t make this up.. even took the blurry (bad photographer) picture for proof…

 

Sharpening the Saw – Personal Income Tax Bracket Review

In our Sharpening the Saw post here, we posted from a local conference we were attending and grabbed our favorite Tax Chart as a reminder of the new tax law changes.

This chart, which is also making an appearance in the Q 3 Newsletter is a great review/update on the new tax brackets, especially those who are retired:

Tax Bracket Chart

 

Capital Market Comments –

Yield Curve Inversion is back, as we had a brief few days in March, but as of the end of May we had a much more distinct inversion with the 10 year at 2.15% and the 90 day near 2.40%-

The following chart is from our own trading system and is the 10 year yield less the 19 week yield or the equivalent 90 day yield… the black line marks the zero point – anything below the zero is inversion !

6-2-19 10 year versus 13 weeks Rate - Thinkpipes

It’s inverted now for sure…. Again, LOT’s more to come!

Have a Great Day – Talk to you at the end of June!

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
street-cents

Finally – School is out, let the Summer begin … Shhh, putting the final touches on a neat ALL NEW venue for the Holiday Party – Audio Found

Some how, the unlucky gang ended up in one of that latest ending school years in the South…. sorry guys…

No matter, as of today, let the stay up late nights/sleep in late mornings begin… all good …

They are so much more happy with the last day of the year than the first… go figure

Schools Out

 

Holiday Party Planning

Shhhh … we are putting the final touches on what we think will be a very neat Holiday Party venue … the date looks to be slightly different due …. well to the venue – we think you will like it too, as soon as we put the final touches on the contract we will excitedly let you know!

Good News – the audio from the Robert Kaplan event has been retrieved … funny how the wrong download attachment found its way into the back pack – user error !

Have a GREAT “Beginning of the Summer” Friday!

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