Financial Planning Resources

Stocks were mixed last week as markets continued to navigate geopolitical concerns and new signals about short-term interest rates. The Standard & Poor’s 500 Index edged up 0.09 percent, while the Nasdaq Composite Index rose 0.40...

Weekly Market Insights | Mixed Week for Markets, Mixed Signals from Fed

A long weekend gives us space to step back from work and reflect on the life we are building.

We honor the work our clients have done to build what they have. And we help make sure it actually serves their lives.

🗽 Wishing you and your family a meaningful Labor Day weekend.

For some executives, the most important tax deadline of the year isn't April 15. It's December 31.

If you have access to a nonqualified deferred compensation (NQDC) plan, deferral elections typically must be made before the compensation year begins.

Under IRC Section 409A, once that window closes, retroactive elections are not permitted.

Eligible executives may be able to defer salary, bonuses, and incentive pay and delay taxation until a lower-income year.

Missing the election means missing that opportunity entirely for that year. What often gets overlooked is the timing. Year-end is busy, and a deadline that arrives before income is received can be easy to miss. If this applies to your situation, now is the time to review your elections before Q4.

Consider asking your financial professional to work with your tax, legal, or accounting professionals if you want more information on how nonqualified deferred compensation works. We'd be happy to visit with you.

Stocks rebounded last week as falling bond yields and upbeat AI-related corporate reports rekindled positive market sentiment despite the Fed Chair’s slightly hawkish speech. The Standard & Poor’s 500 Index gained 0.49 percent, while...

Weekly Market Insights | Stocks Upbeat on AI; Warsh: "Less is More."

Your family could know every password you have and still be legally locked out of your photos, email, and accounts after you're gone. Most estate strategies never address this gap.

A password helps practically. But it doesn't give your family legal permission to access an account.

Many platforms restrict access under their terms of service, and privacy laws can limit what companies disclose, even to a spouse or adult child. These tools exist because knowing someone's password is not the same as having the right to use it.

Here are some suggestions:
- Reference digital assets generally and name a digital executor or fiduciary
- Keep a separate, secure inventory with accounts, passwords, recovery keys, and wishes

Many states have adopted the Revised Uniform Fiduciary Access to Digital Assets Act, or RUFADAA. It creates a legal path for fiduciaries to access digital assets. But the law works best when paired with documented instructions and properly configured platform settings.

Your memories are saved. Make sure your family can access them.

🎓 Most of the conversation around college savings is about whether you're saving enough. Fewer people talk about what happens when a 529 plan outlasts the beneficiary’s education needs.

Maybe your child earned a scholarship. Maybe they chose a less expensive school. Maybe the plan changed entirely.

However it happened, you built this account carefully, and now it has more in it than you need.

For years, your options were limited: take a taxable distribution and pay a 10 percent penalty on earnings, or change the beneficiary and hope someone else uses it.

SECURE 2.0 added a third option. Not everyone knows that you can roll unused 529 funds directly into a Roth IRA for the account's beneficiary.

Here's what to know:

🔹 $35,000 lifetime cap per beneficiary

🔹 The account must be at least 15 years old

🔹 Annual rollovers are capped at that year's Roth IRA contribution limit ($7,500 in 2026)

🔹 Only contributions made at least 5 years before the transfer date qualify

🔹 No income limits apply (unlike regular Roth contributions)

This doesn't happen overnight.

If your 529 has more in it than your child will use, it may be worth a conversation before that money sits idle any longer.

📝 A 529 plan is a tax-advantaged education savings plan. Before choosing a plan, it's important to consider not only the state tax treatment but also any associated fees and expenses. Availability of a state tax deduction will depend on your state of residence, as state tax laws and treatment may vary from federal tax laws. If you make nonqualified distributions, earnings will be subject to income tax and a 10 percent federal penalty tax.

📝 To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner's death. The original Roth IRA owner is not required to take minimum annual withdrawals.

#529

Stocks declined last week as global investors fretted about oil-supply-induced inflation. The Standard & Poor’s 500 Index declined 1.43 percent, while the Nasdaq Composite Index slid 2.05 percent. The Dow Jones Industrial Average...

Weekly Market Insights | Stocks Slip; Attention Shifts to Bonds

Yesterday, we hosted an educational event on estate planning and charitable giving with Parker R. Smith Attorney at Law PC.

The conversation covered key estate planning concepts, such as how trusts can be a valuable tool for helping families protect assets, simplify the transfer of wealth, and provide for future generations.

Thank you to those who joined us in person and online for our webinar. We're grateful for the opportunity to continue educating our clients on important financial and legacy planning topics.

If you have questions on estate planning or long-term financial planning, send us a message or give us a call at 918-494-2929.

We're excited to introduce Alaina Wilson as our new Director of Marketing!

Before joining FPR, Alaina held roles at the Bixby Chamber of Commerce and Tulsa Regional Chamber, where she gained experience in communications and event planning. She studied Marketing and Spanish at Northeastern State University and earned her MBA from the University of Tulsa.

Alaina comes from a family of entrepreneurs and has always enjoyed thinking creatively to help small businesses thrive. As our new Director of Marketing, Alaina is excited to put her experience and creativity to work, supporting our business’s continued growth and success.

In her free time, she enjoys reading, bike riding, dancing, and spending time with her friends and family.

Please join us in welcoming Alaina!