Tag Archives: Monthly Review

February 2023 – Financial Planning and Capital Market Review – Tax Preparation(s) and Reminders – ODTE’S (What?) – Advanced Analysis Series – When Good Economic News is Bad – By John Kvale CFA, CFP

Hello and Welcome to our February 2023 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!

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!

February 2023 Video –


YouTube

Financial Planning Tip(s)

All About Taxes or the Getting Ready for the Processing of Personal 1040’s

Corrected 1099 Reminder

Just last Friday we reminded of the Corrected 1099 time frames …. and NOT to rush your taxes if you have after tax accounts that generate the all encompassing 1099 Misc and Int Tax Forms ….

With originals due on or around the end of February …. aka NOW – hah The good ole Corrected’s are a few weeks out yet… not to worry we will let you know who those lucky ones are that get a Corrected and a headcount that let’s us know if those early planners/filers may be safe to go forward !

IRS Pointer and J.K. Financial, Inc. Important Reminder too

Also, early in the month here, which may seem like and eternity ago (or not) we highlighted an IRS heads up email about prepping for Taxes AND we added our most important thought, which has come into play multiple times already this season…hence the happy repeat and acknowledgment :

” … We would add, just because you did not receive a tax notice, DOES NOT mean the IRS did not and is looking for the appropriate notation on your tax return (Huge amount of time this occurs with cashing Series EE bonds) … a missing item is an easy automated paper letter audit….and as mentioned here absolutely requires a response …”

Capital Market Comments – Advanced Analysis Series Begins

ODTE’S — Zero Dated to Expire Options – Part Two of our Advanced Analysis Series

Here in this Post we talk about a VERY heavy topic …. ODTE (Zero Dated to Expire Options) their unusual quantities, as well as their possible Capital Market manipulation …. not only that, but this post also is Part 2 of our Multiple part series that we intend to do this year… in addition, here is a screencast video during market hours to help explain our point too…

When “Good” News can be Bad – Fast Economic Reminders

In another reminder like post, here we speak of when “Good” News can be seen as bad due to the FOMC (Federal Open Market Committee) attempt to slow the economy…

The good news is from this report lots of jobs and more than expected…. Bad News… Fed may continue to be aggressive in slowing the economy… aka Higher short term rates…

Two year at the time was 4.41% now 4.81% a LARGE move for such a short term of 2 years!

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

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

January 2023 – YES Already One Month Down – Financial Planning and Capital Market Review – Roth Donation – Homestead – Contra Rally reminder – By John Kvale CFA, CFP

Hello and Welcome to our January 2023 … YEP 2023 !!! 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!

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!

New Laptop – Looks Like the Old One – But not so much!

January 2023 Video – Note New Intro and Theme Music


YouTube

Financial Planning Tip(s)

Give a kid/Young Adult a Roth if they Meet the restrictions

By blending a couple of Tax laws and having at least $6500 in earnings, a young adult may be just the right recipient of a gift, but to a Roth Retirement plan rather than for spending….

Gifts up to $17k per person are free of gift/estate tax issues – blend that with at least the Roth amount of earnings and a donation directly to a Roth can be a super gift, all of which we discuss here in our January post!

Purchase a New Home last Year – Check that Homestead Exemption

In one of our annual reminders, in this post we once again remind those that purchase a new home last year, that if they are in the home as of January 1 in most/many cases, you may be eligible for a Homestead Deduction aka – Property tax savings….

We also updated a large but not complete slew of state related adjustments – thanks Wikipedia!

Capital Market Comments

Watch the Contra Rally – They can be very deceiving!

With a suddenly happy faced Capital Market, we remind ourselves and everyone else Contra Rallies can seem very soothing, but often times their main result is to have you let your guard down and draw one into a sudden overconfident situation… NO biting…

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

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

December 2022 Financial Planning and Capital Market Review – Secure Act 2.0 – By John Kvale CFA, CFP

Hello and Welcome to our December 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!

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!

December 2022 Video


YouTube

Financial Planning Tip(s)

Secure Act 2.0 – Passed on 12-27-22 Quietly …. Shhhhh we are working through the details

On December 27, 2022 a HUGE bill … over 4000 pages, was passed…. while not sweeping in our neck of the woods, there is one main adjustment….

RMD – Required Minimum Distributions are pushed out again to age 73! Not Kidding!

Capital Market Comments

Rate Increase – Fed Raised rates for the Holidays

In December the FOMC (Federal Open Market Committee) led by Jerome Powell raised rates, but only by .50% … but it was a raise…

Have a Great Day, Talk to You at the End of January – Happy 2023!

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

November 2022 Financial Planning and Capital Market Review – RMD’s and Rate Review – By John Kvale CFA, CFP

Hello and Welcome to our November 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!

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!

November 2022 Video

YouTube

Financial Planning Tip(s)

RMD’s (Required Minimum Distributions) not taken can be taxed at 50%

In this reminder post (somewhat meant to frighten) we notify everyone, PLEASE do not delay in your RMD’s as the IRS is readily funded with new staff and the penalty is 50% of the amount not taken if they so desire….

Also with a continued bottle neck lack of workers …. many financial firms are on a “Best Effort” processing as of December 1! Gone are the last minute days of RMD’s act now!

Capital Market Comments

Rate Increase Discussions from “First Time in Long Time Conference”

Happily attending the first conference in over four years, the topic of interest rates came up, especially since a .75% rate increase occurred DURING the conference….

In this post, a chance meeting with Liz Ann Saunders … long time macro market strategist… we share our common thoughts on the fact the FOMC (Federal Open Market Committee) led by Powell are steadfast in their goals to slow the economy i.e. Slow consumption …. no matter what is takes…

Fort the record while short term rates are holding fast at a higher level, longer term rates have slowed their increases…. More on this as it plays out….

Have a Great Day, Talk to You at the End of December – Wow That Came Fast!

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

October 2022 Financial Planning and Capital Market Review – DMA Reminder – By John Kvale CFA, CFP

Hello and Welcome to our October 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!

Dallas Museum of Art

2 PM 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!

October 2022 Video

YouTube

Financial Planning Tip(s)

New Retirement Contribution Maximums

  • 401(k), 403(b), most 457 plans, increased to $22,500 (2023), up from $20,500 (2022)
  • Catch up for those over 50 is increased to $7,500 (2023), up from $6,500 (2022)
  • Total max 401(k), 403(b), most 457 plans including catch up is $30,000 (2023) up from $27,000 (2022)
  • limit on annual contributions to an IRA increased to $6,500 (2023), up from $6,000 (2022)
  • IRA catch up for those age 50 and greater remains $1000
  • Annual Gift Exclusion amount increased to $17,000 (2023) from $16,000 (2022)

Highlighted in this post

Capital Market Comments

Fastest Interest Rate Increase EVER – That’s a long time1

Our friends at Visual Capitalist are at it again with a superb chart we have been watching for, here in this post we highlight the following chart of just how fast this interest rate increase has been – fastest ever that is

Recall this is a TEMPORAY headwind to Fixed income instruments, that show up in greater magnitude due to the FOMC’s aggressiveness…

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

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

September 2022 Financial Planning and Capital Market Review , Fastest Rate Increase, Ben Hunt, DMA Reminder – By John Kvale CFA, CFP

Hello and Welcome to our September 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 –

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!

September 2022 Video

YouTube

Financial Planning Tip(s)

Ben Hunt on Narratives – Reminder Late Cycle Headlines are Usually the Worst

In case you missed our pre-Newsletter Post here or you missed the actual Newsletter post here, we really wanted to re-iterate our Neat Ben Hunt coverage of Narratives, especially with them being so dramatic as we near the end of the slowing cycle… hoping not to beat a dead horse…

Just a reminder once again, take heed if you find yourself being dramatically influenced suddenly… you may have hit a Narrative, accidental or purposefully….

Another super reminder

Why am I reading this, and why am I reading this now?

Capital Market Comments

Federal Reserve Marches on with Higher Rates – All about the Speed!

With a thicker line on the chart, finally, hopefully you can spy the massive speed at which this round of rate increases have occurred….

With the cover of a late entering data in the form of Owners Equivalent Rent in the CPI (Consumer Price Index) the FOMC (Federal Open Market Committee) has ripped rates higher …

Recall this is a TEMPORAY headwind to Fixed income instruments, that show up in greater magnitude due to the FOMC’s aggressiveness…

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

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 2014 Financial Planning Tip and Economic and Capital Market Update (Video)

Here is your May 2014 video review. The year continues to fly as next month marks the half way point. For those new to our work, this is our monthly review of economic and financial events highlighted by a monthly financial planning tip and a video to liven it up a bit….. Here we go !

VIDEO

You Tube Link

Vimeo Link

Plan that Vacation in Advance

With the return of a growing economy, this years vacation expectations are one of the best on record. Airlines, hotels, and all of the travel industry have taken note and are ready. Past the great recession, lesser availability of all resources has driven costs much higher, especially for those waiting until the last-minute.

Planning as far in advance as possible and making use of our favorite sites may help cushion the blow/expense:

  • Homeaway.com
  • Kayak.com
  • Travelocity.com
  • Compare all airlines, recently even Virgin a premium carrier was caught running low cost fairs

No one says a vacation has to be expensive to be fun!

The Elephant in the room … Interest Rates Of Course

10 Year 5-30-14

It is said on Wall Street fixed income (bonds) are always smarter than equity investors (stocks). Much of this stems from fixed income investors only worry about the return in the income, not much else.

I will leave you with this interesting chart from JPMorgan (Possible recession signal) …. Part of the reason we are watching so close.

JPMorgan Recession rates slide

 

Have a Great Day!

John A. Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225
 

 

 

 

 

Our First Video (Review and Preview), February…Where did you go? The Brain hits the slopes

With a year that is flying by we wanted to take a moment to look back at a couple of key events of the latest month, February 2013……good bye:February 2013

  • Sequestration, the $85 billion overhype…While a large amount to you and me, $85 billion is just not enough in an economy as large as the US to move the needle, although it has been talked about more than we would have thought
  • Dude I want my Dell back….Michael Dell goes after his company and attempts to take it private at a price below what current shareholders desire, fighters take your corners..the only rule is there are no rules…
  • No QE to Infinity?..Surprise…. Some fed governors begin talking about removing the punch bowl early, maybe even this year and market participants as well as bonds take notice, as of late in the month chief dove, Chairman Uncle Ben Bernanke assures markets the punch bowl will remain; In our opinion the dialogue has begun and will continue

On a personal note, as we head into the weekend, Donald The Brain will be out a few days next week as he and his wife take to the slopes with friends for some pre-spring break fun. The computers here at the office will be happy with a much-needed and deserved rest from his regular workouts.

In a new for us, for those such as myself that are more visual and audible, I have enclosed a short video with thoughts to go along with this month end review.

Let us know your thoughts

Have a Great Weekend!

JK

214-706-4300
http://www.jkfinancialinc.com
8222 Douglas Ave # 590
Dallas, TX 75225