Tag Archives: RMD

November 2017 Podcast Video, Financial Planning and Capital Market Update- By John Kvale

Here is our November 2017 Monthly review. If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast format.

Enjoy!

November 2017 Video

 Thank You Holiday Party Goers!

arboretum-after-hours-800x800

Financial Planning Tip(s)-

RMD – Required Minimum Distribution Reminder

In our post here this month, we reminded all of those with birthdays between 7-1-46 and 6-30-47 that have the unique option of deferring their first mandatory RMD taxable distribution to next year, but if you do that will mean you need to take two distributions in the same year.

Considerations:

  • Higher/Lower Income
  • Bigger/Smaller Expenses
  • More/Less Donations

The first year is the only time we get this option, all the future years are mandatory with not option.

Capital Market Comments

A lot of positive indicators – Markets taking notice

It appears the US and Global Economies are finally making a synched recovery. Capital Markets are taking notice.

As we mentioned here, Unemployment rate hit a very low 4.1%

11-1-17 Unemployment rate 10 year trailing

This time, International Markets have wind in their sails as well….

MSCI Global Index

11-30-17 EFA Global

See you on the other side of a New Year !

Happy Fall Season!

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
www.street-cents.com

Is Your Birthday between 7-1-46 and 6-30-47? If so you have an important decision! RMD – Required Minimum Distribution – Delay or Not?

According to current law, the IRS mandates RMD’s (Required Minimum Distributions) from your qualified account by April 1 of the year following age 70.5.

RMD Delay First YearUncle Sam

Given the above IRS requirement, it is possible to delay your first RMD until April 1 of the following year, once you reach the 70.5 threshold.

If your Birthday as of the year 2017 is between 7-1-46 and 6-30-47 YOU CAN delay your initial mandated RMD, however by doing this, you will have two RMD’s in 2018 tax year.

  • Higher/Lower Income
  • Bigger/Smaller Expenses
  • More/Less Donations

These are a few items to consider when delaying or taking that initial RMD.

Feel free to reach out to us if you have any questions!

After this decision … the IRS makes it easy, each year take your RMD and pay the taxes, only on the first RMD, is the delay allowed!

Have a great “Smart Tax Delay” Day!

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
www.street-cents.com

RMD ALERT : If your DOB is 1-1-45 through 6-30-45 … THIS IS FOR YOU!

Required Minimum Distributions (RMD’s) can be deferred for the FIRST year after you turn 70 and 1/2 years young.  Sounds neat huh…. CAUTION !

Deferring Your First Year RMD Causes a Double Dip

Double DipIf you choose to defer your first year RMD, be aware you will HAVE to “Double Dip” and take two distributions the following year. This may cause adverse tax consequences!

Once you pass, you have no other choice,  and not making a decision IS making a decision.

Confused ?? Not to worry, you still have time this year … Well, until 12-31-15 …..  Just give us a call !

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

RMD ALERT : If your DOB is 1-1-44 through 6-30-44 … THIS IS FOR YOU!

Required Minimum Distributions (RMD’s) can be deferred for the FIRST year after you turn 70 and 1/2 years young.  Sounds neat huh…. CAUTION !

Deferring Your First Year RMD Causes a Double Dip

Double DipIf you choose to defer your first year RMD, be aware you will HAVE to “Double Dip” and take two distributions the following year. This may cause adverse tax consequences!

Once you pass, you have no other choice,  and not making a decision IS making a decision.

Confused ?? Not to worry, you still have time this year … Well, until 12-31-14 …..  Just give us a call !

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

Super Fun Successful Sirius Radio Show Co-Host … RMD … Friday 4 Hour Dragon Slayer

Wharton School Sirius Radio: Fun Successful ShowSirius Logo

On Tuesday (11-4-14) of this week, the live Sirius radio show aired.

From a quiet remote location the call came in at 3:58 pm  …. “John how the heck do you pronounce your last name?” said Michelle the very sweet and calming producer.

K a v aa l ee” but “hey you” works too, I said, fighting a few nerves.  Michelle chirped back, “Great, be ready in 20 minutes”

If you ever want to know how SLOW 20 minutes can go, just wait by the phone, wondering how your going to do, on an “I love Lucy Chocolate Factory Speed Financial Planning Question call in” aired live across the nation , all impromptu !

WhartonAt the 5 pm break  Michelle said  “John you are doing great,  we want you to be a guest again in the future.  You ready for another 30 minutes now?”….. “Ah…Sure” I said  .. WOW …

Since it is a Friday I will keep it short, but do expect another mention or two. VERY FLATTERED AND HONORED to be a part of the Wharton Your Money Live Radio Show

It’s RMD Time (Required Minimum Distributions)

For our mature clients of mandatory distributions age (70.5 or greater) the IRS wants their due.

This week and next we will process those not already completed.

Ahhhh, but it is a Friday heading into an attempted 4 hour dragon slayer Sunday (fellow marathoners), do not forget to spend time with those important in your life and go fellow dragon slayers !

Have a Great Day!

John A. Kvale CFA, CFP

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

Realized Gains and Loss Tax Report …. RMD Letters … Travel Reminder

Since we have had so many posts this week I will keep this one short and sweet for your reading pleasure !

Realized Gains and Loss Report Complete

All Realized Gains and Loss Reports have either been posted to your Personal Vault or are on their way to your mailbox. Reports were completed and mailed yesterday !Gains and Losses

Required Minimum Distribution (RMD) Notification

Per US Federal Tax rules, investment firms holding Qualified (IRA, SEP, 401k etc) funds at year end December 31 are forced to let you know what your RMD is for the current/following year by January 31 .

As such you will receive notification from ALL firms holding ALL accounts (no matter how many you have) noting your total mandated RMD for that specific account. This is the total RMD mandated for the current year and needs to be withdrawn by the end of the current year.

Whew…sorry that got wordy, my point was to let you know most likely you are receiving automated notices that you have 11 months to complete….. much better.

Travels and Office Schedule

One of my favorite Willie Nelson songs is “On the Road Again” …. and I am …just to let you know.

Also, Monday is Presidents day, with Capital Markets, Banks and Government entities closed, our office will be as well. We are never far from technology … yaya Nerds…

Have a good day!

John A. Kvale CFA, CFP

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