Financial Planning Resources

Financial Planning Resources Building stronger financial futures since 1981. At Financial Planning Resources, we’re dedicated to guiding our clients through every season of life.

Unfortunately, most Americans spend more time planning their vacation than they do planning for their financial security. It takes a lifetime to accumulate assets. And hope is not a strategy. We have a knowledgeable and experienced team of professionals that may help you develop a strategy that works. Our services include advice and help with your most critical needs. We have strategies designed t

o work in today's economy. Here are a few of the services we offer:

--Assessing the damage of stock market declines to your retirement plans.
--Developing a customized "Recovery Plan."
--Applying our Six Step Wealth Planning process to your specific situation, and...

Getting your "Financial House" in order. This entails:

--Understanding your dreams and goals and developing a retirement plan to work toward them
--Avoiding overpaying your income and estate taxes
--Managing the financial risks associated with illness, death, or a lawsuit
--Matching your risk-tolerance level to your investments. In other words, are you focusing on growth or protection?
--Implement an estate plan that addresses your financial independence needs, as well as your children's needs and generosity towards your church and charities.

09/02/2026

Selling a business is rarely a fair fight if you go into it alone.

For most business owners, selling their company is something they’ll do once. For private equity firms and other buyers, it’s what they do over and over again.

They know the process. They know what to look for. They know how to negotiate. And too often, business owners aren’t prepared for what comes next.

Start preparing now. Know your numbers. Don’t wait for a life event or retirement to start planning your exit strategy. And get a team alongside you that works with your best interest in mind.

At Financial Planning Resources, we’re proud to have Certified Exit Planning Advisors like Daran Tucker who help business owners think through the considerations that come with an eventual exit. If you’re thinking about selling your business, or you’re not sure where to start, we’re happy to help.

When you’ve spent decades building your business, you deserve to have a team in your corner when it’s time to decide what comes next.

For some executives, the most important tax deadline of the year isn't April 15. It's December 31.If you have access to ...
09/01/2026

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 sent...
09/01/2026

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...

Your family could know every password you have and still be legally locked out of your photos, email, and accounts after...
08/27/2026

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 ha...
08/25/2026

🎓 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 Inde...
08/24/2026

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...

Yesterday, we hosted an educational event on estate planning and charitable giving with Parker R. Smith Attorney at Law ...
08/21/2026

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 ...
08/19/2026

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!

National Financial Awareness Day is an opportunity to pause and take stock of your financial picture. Here are four ques...
08/13/2026

National Financial Awareness Day is an opportunity to pause and take stock of your financial picture. Here are four questions worth sitting with:

- If something happened to you tomorrow, would your family know what you have, where it is, and what to do?
- Are you on track to replace your income in retirement, or are you assuming you will be?
- Has your financial strategy changed as much as your life has in the last 12 months?
- If markets dropped tomorrow, do you have written goals or a general sense of what you'd do?

You don't have to know all of the answers today, but our team would love to discuss your financial goals, answer your questions, and help you build a plan with confidence. Financial awareness starts with a conversation, and we're here to help!

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