Whew, that was easy…. tax season is finally mostly over ….
We wanted to look back one last time on our personal taxes before we sunset those tax strategies for the high point of the season….
As a reminder, we started with an Audio Podcast format for those that are unable to SEE the video or just prefer to listen to the audio… this makes the review slightly longer, but more descriptive.
April 2017 Video
Financial Planning Tip(s)-
AMT Tax Reminder
We ran across a lot of AMT or Alternative Minimum Taxes this season
Here are the key thoughts from our detailed post on AMT earlier this month-
- Incomes between $170k and $313k joint and singles over $100k – you are in the cross hairs of AMT
- Deferring income may be useful
- Accelerate income
There is not a lot of planning changes with AMT, but in this case knowledge may be power!
Possible MAJOR tax reform
Late in the month an overview of major tax reform was released.
Here is a link from the White House
Here is a link from Barron’s that does a pretty good analysis
Here is our article on the possibilities earlier this month
What to do if you overfund your 401k/retirement plan
In our overfunding 401k post here, we discuss how your 401k/retirement plan can get overfunded….. here are the main points
- Refund the extra amount ASAP
- Apply the extra to the new year
- If its a super small amount, its not the end of the world
Capital Market Comments
First Double Digit Earnings growth since 2011 expected
From our friends at Factset, who do a terrific job of outlining historic and future earnings.
Earnings are the ultimate driver of capital markets!
What is nice about these estimates are that historically companies have been beating the street estimates … if this continues, the actual earnings may be even better double digit growth…. time will tell and we will be watching!
John A. Kvale CFA, CFP
August 2015 Financial Planning Tip, Capital Market Review (Video)
Welcome to our monthly Economic, Capital Market, and Financial Planning tip of the month.
Once again a special thanks to all of YOU … the best clients and friends, as your experiences have again given us the subject matter for our Financial Planning Tip of the Month.
For those new to our writings, we touch on the most pertinent Financial “stuff” along with a video of my mug that has even more specialized details of the latest month as well as this post.
YouTube Direct Link
When NOT to file an insurance claim
Thinking of insurance as a major dollar safety net (not piggy bank) is a good idea and will keep you on the correct path in most cases. Also… One of the biggest reminders is to know your coverage and think twice about calling your carrier as you may end up with a chink on your record, just by calling!
We were honored to have our article posted on ABC News, USA Today, Yahoo and credit.com. Best of all, this was an actual experience and conversation!
Commodities falling No more – Maybe?
Last month we mentioned commodities- oil had fallen dramatically.
Suddenly there is life in oil and commodity related instruments.
Time will tell!
Have a Great Day!
John A. Kvale CFA, CFP
8222 Douglas Ave # 590
Dallas, TX 75225
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Posted in Economy, General Financial Planning, Investing/Financial Planning, Market Comments, Video
Tagged Bloomberg Commodities, Commodities, Non Probate, Probate, Revocable Living Trust