With a lot of questions this week on Tax forms, we thought it time to review estimated delivery dates AND take note of the first round of corrected 1099’s of March 3:
Timing of Available Tax Documentation
- Delivery of 1099s: Currently, we expect the first wave of 1099s to begin posting online on January 21, 2022 with Advisor and client notifications going out shortly after. Estimated dates for the waves are below:
|Target Delivery Date*||Details|
|Wave 1||Close of business January 21, 2022||No holdings subject to reallocation (ex. RICs, REITs)|
|Wave 2||Close of business February 4, 2022||Low risk for reallocation; income reallocations finalized through January 29th|
|Wave 3||Close of business February 11, 2022||Clients with finalized income reallocations received from January 30th through February 3rd|
|Wave 4||Close of business February 11, 2022||Remaining clients|
- Correction Cycles - Begins March 3, 2022 and occurring every 2 weeks through April 14, 2022
Do Not Fall for the Call Microsoft Computer Fraud
They are back, so BE CAREFUL… Within one week we have noted TWO fake Microsoft computer hacks…
Here is how it goes:
Upon turning your computer on you are told to call Microsoft to help “Fix” your ailing computer….
DO NOT BITE–
This from Microsoft Support
Avoid and report Microsoft technical support scams
Microsoft will never proactively reach out to you to provide unsolicited PC or technical support. If you receive a phone call claiming to be from Microsoft, or see a pop-up window on your PC with a fake warning message and a phone number to call and get your “issue” fixed, it’s better to be safe and not click any links or provide any personal information.
Never call the number provided in the error message. Real Microsoft error messages never include a phone number to call.
Brilliant Fake Cell Call
Ok, so we warned/lectured enough up top… this one ALMOST got yours truly….
Looked very similar to a tennis player parent in my contacts….
Say goodbye to the unknown numbers… looks like they figured out how to impose a fake name-
Ahh…today is a Friday and just a week ago with the frozen tundra…. looks to be almost 80 degrees here…
Enjoy!! 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.
October 2021 Financial Planning and Capital Market Review – By John Kvale
Hello and Welcome to our October 2021 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!
We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets and current events!
Hope you enjoy!
BREAK IN – HONORED BY D MAGAZINE NOMINATION
October 2021 Video
Financial Planning Tip(s)
Cell Text Spam and Calls
With the handy, cell phone which is almost like carrying around a powerful computer, replacing our land lines, in this post we remind all to be very careful in which calls you answer and most importantly clicking on a hot link of a text you may have received on you cell… DO NOT BITE!
Here is an example of a very dangerous spam text – do not click on that hotlink as you will be directed to a bad place that may cause your cell harm…
Grant Williams Podcast with Sam Zell
A new found favorite way of continued learning and education, frequently while jogging or walking, in this post, a review of a fantastic hour long podcast with Sam Zell via the Grant Williams Podcast series…
Staying Power is the name of the game… No surprises!
Real money by long term holdings, be patient.
Will you slow down? People ask me that all the time…”Slow down from what…I like what I do,”
Capital Market Comments
Bonds, Interest Rate Headwind Reminders
In 2018 as interest rates smartly began rising, we reminded folks, those especially with more conservative allocations (larger allocations to bonds) that the immediate effect of higher interest rates are a slight headwind to bond portfolios. For the record, they are big headwinds to very long dated bond portfolios i.e. 30 years, which is why we stay away from such portfolios…
Fast forward to the beginning of the year and very recently, we felt the need to remind again here. The fantastic news is that with shorter dated portfolios as mentioned above, this headwind turns into money in our pockets in the form of higher income as rates again smartly rise on the expectation of greater economic growth prospects.
Have a Great Day, Talk to You at the End of November!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
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