FDIC Insurance: Navigating New Rules for Trust-Owned Bank Deposits in 2024
We take a look at the new rules for FDIC insurance limits for bank deposits owned by trusts. The good news: It will be simpler to calculate.
We take a look at the new rules for FDIC insurance limits for bank deposits owned by trusts. The good news: It will be simpler to calculate.
2023 was a turbulent year for investing, but many people’s minds is what 2024 looks like. We take a look at what the future may hold.
As we move into 2024, we want to share several promotions and additions to the Trust Company of Oklahoma team.
Learn more about recent changes at Trust Company of Oklahoma.
Exploring the Power of a Deferred Sales Trust for Financial Flexibility
Financial wellness programs are a win-win for employers and employees. We break down why it’s a smart move for businesses.
S&P 500 Concentration and Tech Growth Have Changed the Landscape of Investing
We greet 2023 with hopes of a more peaceful year globally. Share in our news of recent transitions within our company.
Taking proactive steps with your estate plan can diffuse tensions among beneficiaries.
Exploring the Power of a Deferred Sales Trust for Financial Flexibility
Examining the Impact and Implications of Artificial Intelligence on Markets and Beyond
Understanding Recent Bank Failures and How They Compare to 2008
The new law expands savings opportunities and provides a new option for unused 529 plan balances.
Supply is high in Oklahoma, but buyers face market fears, inflation, and high mortgage rates.
Making gifts to family and charity doesn’t have to be a year-end chore.
Three Ways to Gift Money to Children and Grandchildren
We greet 2023 with hopes of a more peaceful year globally. Share in our news of recent transitions within our company.
With the Fed’s rate hikes and checking and savings yields low, it might pay to move your money from your bank.
As the curtain falls on a turbulent 2022, marked by inflation, fear, and confusion, what can we expect from 2023?
This year marks the Roth IRA’s 25th anniversary. It’s a popular tool for many retirement savers. Before you convert your accounts into a Roth IRA, make sure it’s the right choice for you.
Robert Louis Stevenson’s The Strange Case of Dr. Jekyll and Mr. Hyde sheds light on why you should engage the experts before drafting your own estate plans.
Trust Company of Oklahoma is proud to announce the recent achievements of two employees.
With lingering high inflation, interest rates on the rise, and many Americans feeling the strain on their budgets, what will it take to get the economy back to normal?
Is an economic “soft landing” possible with historically high inflation?
Our Oklahoma City team is moving to an office – one that will is better serve our clients and our employees.
You love your things – but how do your heirs feel about them?
Choosing your successor trustee is a lot like choosing a co-pilot – be careful who you choose to handle your assets after your death.
Professional guidance can pay dividends when it comes to examining your oil and gas assets.
We look at inflation, the market, and the economy in 2021 to see if 2022 will be an equally unusual year.
TCO is pleased to share some exciting new features for our clients, which should help make filing your tax returns easier than ever.
Have you ever wondered what the difference is between covered and noncovered sales on your TCO 1099-B form? We break down the differences.
We’re thankful for our families, friends, community, clients and colleagues. Plus, we have promotion announcements.
Big Tech has enjoyed big gains during the pandemic, but how long can its dominance last?
Cyberscams and cyberattacks can happen quickly. Use these tips to help keep your identity out of the hands of criminals.
Much like how a game in 1912 forever changed the game of football, a new Oklahoma statute will change the way trustees can act on behalf of beneficiaries.
It’s the word dominating headlines and on most people’s minds. Is inflation here to stay, or will it ease as the pandemic restrictions end?
Bitcoin has been described as ‘digital gold.’ But what exactly is it?
With more free time in 2020, Nick dived into the U.S. history. Check out his favorite non-fiction books.
Are you suffering from Presidential Election Fatigue? Let’s take a look at the 1920 U.S. Election for some healthy historical perspective.
Learn how much you can contribute in 2021 toward your retirement.
What will it take to get us back on the horse and reignite the U.S. economy?
Recently, Thomas W. Wilkins retired as CEO of Trust Company of Oklahoma after 30 years serving our clients. He will remain as Chairman of our Board of Directors and the values he has instilled in all of us are his strongest legacy.
A comprehensive overview of the stock market in 2020.
It’s an Apple-and-Tesla new world. Let’s talk about paradigm shift.
Investment management in the time of COVID-19, government interference, and low interest rates. Keep an eye on the trends.
Philip Mock reviews TV series about Michael Jordan.
Key documents to ensure your health care decisions will be followed.
2020: Reasons to stay optimistic about the economy while working towards the end of the pandemic.
Congress makes charitable giving even more attractive. Read more.
Learn more about the federal agencies funding development of the COVID-19 vaccine.
The current pandemic created tough challenges for our community. And much like the OKC Bombing 25 years ago, we are collectively supporting each other. Read more.
U.S. crude sold at -$37.63 a barrel on Monday, a historic drop below zero. How did we get to this point in the oil and gas industry?
Investment Dos and Don’ts During Recession.
Historic financial stimulus bill includes provisions that impact retirement plans and how businesses can support employees affected by the COVID-19 outbreak.
You can’t control the stock markets nor stop COVID-19. Managing investments in the midst of the pandemic.
The SECURE Act eliminated a popular feature, the “Stretch IRA.” Learn how this will impact your estate planning and charitable contributions.
As COVID-19 grips the nation, the IRS delayed the deadline to file and pay federal income taxes. Read more.
Our offices are open and our services continue uninterrupted. Read more.
We are often asked about the trade-offs between buying and renting a home. In this article, Nick Gallus offers some general advice and observations to help you navigate this decision.
Learn how the SECURE Act provisions for 401(k) plans may affect your retirement plan and the retirement of your employees.
If you are considering taking a vacation in 2020, book it sooner rather than later. Learn more.
Do not fall for the Suspended Social Security Number scam.
If you are considering taking a vacation in 2020, book it sooner rather than later. Learn more.
Some resolutions are hard to accomplish. This one is easy – but very important, especially with the passage of the SECURE Act.
If you have an IRA heading into 2020, here’s what you need to know about the new tax law and how it may impact your retirement and estate planning.
Our Chief Investment Officer looks back at 2019. Stock returns were very strong, but the bond market forced investors to play the limbo game.
For your sake, I have decided to wrap up with a single reminder I regularly direct at myself.
While we are online looking for the best deals, cyber criminals are looking for opportunities to steal our sensitive information. Learn how to protect yourself.
It’s not just transferring material wealth to our children and grandchildren that we should focus on, but our own personal histories. Read more.
The financial beliefs we pass down to our children can have a significant effect on their financial outcomes. Read more.
Food waste is a serious environmental problem in the United States and other parts of the world. Fortunately, there are efforts along the chain from the farm to the consumer to help reduce waste.
Our colleague is taking an early retirement at the end of the year. Although we don’t normally announce retirements in this publication, it is important to note a few of Bob’s lasting impacts on us, his colleagues.
What do Aretha Franklin, President Abraham Lincoln and Prince have in common? Find out.
Making Sense of the Recent Yield Curve
Here we share some important guidance on when to withdraw funds from your IRA. While withdrawal may seem like an easy task, you may find yourself paying more in taxes than necessary.
Understand the risk of negative interest rates in the U.S.
TCO proudly announces that senior vice president Philip D. Mock earned the Chartered Financial Analyst designation.
Selecting an assisted living facility for a parent or grandparent is not an easy job. Understand a few key components to ensure quality care and happiness for your loved ones.
We have served our clients with a fiduciary duty since our founding in 1981.
Life’s better when you follow those two simple principles.
Does anyone care about government spending and debt? And who will pay the bill?
Are you, your family members and professional advisors rowing in the same direction when it comes to your estate plan?
Social Security benefits are an important component to retirement planning. Here’s what you need to know about receiving Social Security on your spouse.
Financial exploitation and elder abuse continue to rise. How can you protect yourself and your lifetime savings? Read Lesa’s article.
There’s been a growing buzz about cow’s flatulence contributing to global warming. What does that have to do with land usage and the economy? Read more.
It is important to invest in international stocks. Here’s why.
Two people very close to me passed away recently. My wife’s grandmother and Ed, a family friend. They reminded me of life’s greatest mystery.
A Durable Power of Attorney is a super document. It allows a trusted representative to act in your place. Learn how a DPOA can help you.
Are you a small business owner or investor? Please meet Qualified Business Income (QBI) deduction.
Batman, the first comic strip trust fund baby, turns 80 today. What lessons can we draw from the Dark Knight?
Luckily, one day, Bob discovered that a beneficiary document his aunt signed could put her estate plan at risk of entering the troubled probate waters.
“Many jobs in the future aren’t even in existence today.” Are we unprepared for what’s coming? Read more.
The oil and gas market has been a rollercoaster. Oil barrels reached the $75 price range then dropped again. What does 2019 hold for the energy industry?
We ended 2018 with high volatility, but McCormick is optimistic our investments will be better off soon. It’s not shaping up to be a straight line though.
What You Need To Know Before Signing Up for Medical Coverage.