J.K. Financial, Inc
Financial Planner, Founder
John A. Kvale CFA, CFP, is the founder of J.K. Financial, Inc., and with 22 years of industry experience, is currently the president of J.K.Financial, a fee only financial planning and wealth management firm.
J.K. Financial specializes in wealth management, adhering to unique approaches to investing in the capital markets. The company has a global presence, serving individual and institutional clients across the United States, as well as several foreign countries.
John is a co-author of a Quarterly Wealth Management and Financial Planning Newsletter, which is distributed to clients and investors across the country. He actively analyzes and updates ideas and investing on $treet-¢ents.com, a community blog site. John appeared on Good Morning America as the winning planner for ABC's Frugal Family Challenge, co-sponsored by USA Today. He recently concluded a term as president for the CFADFW Society, the local society in Dallas representing the CFA Institute. John began his financial planning career 24 years ago in Dallas, and resides there with his wife, Pamela, and children, Sophia and Pierce.
BBA, Finance, Stephen F. Austin State University
Assets Under Management:
Percentage of Assets
Your Life on 1 Page - John Kvale
3 questions Clients Ask - John Kvale
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Fantastic question, and all encompassing. In the essence of time-space lets address the most important items in order of importance.
* Make sure your rainy day fund has at least 3 to 6 months expenses-as you go through life this rainy day fund will need to increase as your monthly expenses increase.
* Next, focusing on your house fund along with your retirement savings at the same time is important-you want to put as much in your retirement savings as possible, above and beyond the match, as long as you also have adequate cash flow to save after tax dollars for your house down-payment- these after-tax dollars saved on a monthly basis will also give you a good time horizon of when you will be able to purchase your home.
* Given your long-term goals-keep an eye on your assets being too heavily weighted towards retirement, since you are so young-it is possible to end up with too many assets in retirement funds early, as a percentage of your total assets leaving you less liquidity for an emergency.
Again fantastic question, do not feel like you have to conquer all of this while you’re in your 20s. It is not uncommon for many to be wrestling with this into their 40s or 50s … so as they say “How do you eat an elephant? One bite at a time!” Take your time, focus on your goals, and just take one bite at a time. You’re doing terrific!
Congratulations on your eventual purchase. One of the best ways to help yourself save more is to have it immediately taken out of your paycheck or your bank account, similar to “out of sight out of mind”, before you have access to spend it. With so much of our society focused on buy now and pay later, making a conscious decision not to do that and to save automatically may help you build up the fund you need for your down payment. On another note, be sure to have extra funds available when you purchase your home for unforeseen expense and always keep an emergency fund of your monthly expenses available. Good luck!
Hello, great question. There are many ways to buy oil stocks. While buying an index such as the XLE would expose you to many different oil stocks, you do not have to buy thousands of oil stocks all at once.
You may purchase the stock of an oil company with as little as one share, however that would generally not be a good idea due to transaction costs. If your budget is thousands of dollars, you may want to purchase several different individual oil stocks and may think of purchasing 10 to 25 shares of each oil company.
Some oil stocks do pay dividends, some do not. Researching historical dividend paying companies may help you determine the future probability of an oil company continue to pay their dividends.
Of course, in any investment you may lose your money. With oil prices at such a low level, it is highly likely some companies in the oil and energy space will go bankrupt. As far as the time to invest, that is your decision. A long term horizon in any investment is generally the best.
Assuming your life insurance policy has a cash value, in most cases it is possible to borrow or receive funds from your life insurance cash account. Here are a couple steps you should review; Determine how much you would like to receive and call your insurance company to find out if that is available; Next, while talking to your insurance company find out the most tax efficient way to receive these funds. There are generally two possibilities, a return of premium or borrowing. Depending on your situation and your insurance policy, one may have more favorable tax consequences. Do not be afraid to ask your insurance company for the tax consequences of each. One last item, if you borrow or draw from your insurance policy, you may need to continue your regular premiums in order to keep your policy in force. If you draw a sizable amount from your cash value, and do no pay premiums, it is highly likely your policy will lapse, thereby nullifying your death benefit.
Just by asking the question, you are heading in the correct direction. The largest single cost most people face is housing. If you are able to lower your housing cost by moving to a lower cost area, this may give you more financial room. Also, once child support is complete, you may receive a natural increase in cash flow.
Another major expense many have that is less obvious is food. Trying to eat in-home as much as possible may also help save additional dollars at the end of the month. A good initial goal would be to build a 3-6 months living expense emergency fund as soon as possible. By gaining an emergency fund, this may give you a cushion during higher, unforeseen cash outlay months, thereby lowering your family financial stress.