OUR LATEST – RETIREMENT PLANNING

Whittney Stauffer Joins Friends of Finance

January 2024 Investment Perspectives

We discuss the market in 2023 and look ahead to 2024, digital safety, and updated FDIC calculations for trust-owned bank accounts.
Whittney Stauffer Joins Friends of Finance

October 2023 Investment Perspectives

We discuss AI and its effects on the markets, TCO updates, deferred sales trusts, and how to avoid fireworks caused by your estate plan.

Using Qualified Charitable Distributions to Support Charities

Exploring the Power of a Deferred Sales Trust for Financial Flexibility

Business Health and Employee Financial Wellness

Financial wellness programs are a win-win for employers and employees. We break down why it's a smart move for businesses.
Whittney Stauffer Joins Friends of Finance

July 2023 Investment Perspectives

We discuss AI and its effects on the markets, TCO updates, deferred sales trusts, and how to avoid fireworks caused by your estate plan.

Maximizing Profits and Tax Efficiency

Exploring the Power of a Deferred Sales Trust for Financial Flexibility
Whittney Stauffer Joins Friends of Finance

April 2023 Investment Perspectives

We discuss the bank failures of early 2023 and how they compare to 2008, as well as key aspects of Secure Act 2.0 and real estate trends.
U.S. capitol building as seen on the back of United States money

Key Provisions of the SECURE Act 2.0

The new law expands savings opportunities and provides a new option for unused 529 plan balances.
Whittney Stauffer Joins Friends of Finance

January 2023 Investment Perspectives

We discuss the economic outlook for 2023, whether cash is still trash, gifting to children & grandchildren, and why charitable giving doesn't have to be so stressful.
Whittney Stauffer Joins Friends of Finance

October 2022 Investment Perspectives

We discuss how to rescue the economy, when to convert your traditional IRA to a Roth, and why DIY estate planning can be a bad idea.
Whittney Stauffer Joins Friends of Finance

July 2022 Investment Perspectives

We discuss the impact of the midterm elections on the U.S. stock markets, how SECURE Act 2.0 may change retirement savings, and medicare premium increases.
Twenty dollars bills - close up and reflection of US paper money

U.S. stock market forecast ahead of the 2022 midterm elections

U.S. midterm election years have generally been the weakest for the stock market in a presidential term. Will history forecast how the upcoming elections affect the U.S. stock markets? 
Middle aged couple reading paper bills calculating pension using laptop at home.

SECURE Act 2.0

Congress is considering another bipartisan retirement bill called the Securing a Strong Retirement Act (SECURE Act 2.0).  If it passes, here are two proposed changes that will primarily affect retirees and those approaching retirement.
Stethoscope with Pen, Charts and Graphs, Finance, Account, Statistics, Investment, Analytic Research Data Economy Spreadsheet and Business Company Concept

Why you might be charged higher Medicare Premiums during retirement

See how Medicare premiums are affected by IRMAA and what to consider if it happens to you.
Whittney Stauffer Joins Friends of Finance

ViewPoint – A Letter From the Desk of Jim Arens – October 2021

We pride ourselves on helping take care of our clients, but did you know we can help take care of your employees as well?

The Home-Buying Boom

Suggestions on how to make the most of the booming real estate market.
Nicks Top 10 History Books

One For the History Books

With more free time in 2020, Nick dived into the U.S. history. Check out his favorite non-fiction books.
Preventive Care

The Importance of Preventive Financial Care

Its better to be safe than sorry. Make your estate planning a priority in 2021.
Investment Article

Through Thick And Thin

2020 was without a doubt an interesting year. Despite all the challenges, the economy rebounded sharply. What does the future have in store for 2021?
Walden Pond

Walden, Donuts and Estate Planning

Lessons on estate planning from Thoreau's masterpiece.

One Hundred Years Later – Dispatches From Route 66

Are you suffering from Presidential Election Fatigue? Let's take a look at the 1920 U.S. Election for some healthy historical perspective.
Retirement Plan Contribution Limits

2021 Retirement Plan Contribution Limits

Learn how much you can contribute in 2021 toward your retirement.

More Confidence, Less Cash – Dispatches From Route 66

What will it take to get us back on the horse and reignite the U.S. economy?

A Leader’s Legacy – Saying Farewell to Tom Wilkins

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.
It Takes a Team

It Takes a Team – The Recipe for Successful Estate Planning

Couples get better investment results when both spouses discuss their views with their financial professionals.

Disconnected and Detached – Stock Market v. Economic Reality

A comprehensive overview of the stock market in 2020.
HAZARDS OF OTHER PEOPLES MONEY

Hazards of Other People’s Money

Six tips to avoid mistakes and litigation when serving as individual trustee.

To Infinity and Beyond – Dispatches From Route 66

It's an Apple-and-Tesla new world. Let's talk about paradigm shift.
Investment Management & Retirement Planning

Estate Planning for Children Moving Out

The essential estate planning documents to ensure your new adult is legally and financially prepared for adulthood.
Investment Management: The Trend Is Your Friend

The Trend Is Your Friend

Investment management in the time of COVID-19, government interference, and low interest rates. Keep an eye on the trends.
Whittney Stauffer Joins Friends of Finance

Trust Company of Oklahoma Promotes Jim Arens to Chief Executive Officer, Michael Hopper to Chief Operating Officer

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Trust Company of Oklahoma Promotes Jim Arens to CEO, Michael Hopper to COO.
Granny Cam

Protecting Your Loved Ones

Oklahoma families now have the right to install monitoring cameras in assisted living residents' rooms. This could help avoid abuse and neglect, but also provide peace of mind during lockdowns. Read Lesa Creveling's article on Tulsa World.

The Price of Greatness – Dispatches From Route 66

Philip Mock reviews TV series about Michael Jordan.

The Winding Road to Recovery

2020: Reasons to stay optimistic about the economy while working towards the end of the pandemic.
hands holding heart

Love, Give & Receive

Congress makes charitable giving even more attractive. Read more.

Feeling More Secure After the SECURE Act

IRA and estate planning without the stretch provision.

Government Funds Breakthrough Vaccine Research

Learn more about the federal agencies funding development of the COVID-19 vaccine.

Returning Stimulus Payments Made to Deceased Individuals

Have you received a stimulus payment made to your deceased spouse? Here is how to return it.

Adoption and Estate Planning

If you (or a family member) ever placed a child for adoption and don't want him to be an heir, you should revisit your estate planning documents.
Healthcare Worker

Collective Healing Process – Dispatches From Route 66

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.
Oil field at sunset

Subzero Oil Prices and the Storage Problem

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?
Social Distancing

What Will Your “New Normal” Look Like?

How will the COVID-19 social distancing affect your life going forward? Read.

Don’t Touch Your Portfolio (Or Your Face!) – Dispatches From Route 66

Investment Dos and Don'ts During Recession.

CARES Act Signed by President Trump Impacts Retirement Plans

Historic financial stimulus bill includes provisions that impact retirement plans and how businesses can support employees affected by the COVID-19 outbreak.

Outlast The Storm

You can't control the stock markets nor stop COVID-19. Managing investments in the midst of the pandemic.

The End of the Stretch IRA

The SECURE Act eliminated a popular feature, the “Stretch IRA.” Learn how this will impact your estate planning and charitable contributions.

Tax Day Delayed To July 15

As COVID-19 grips the nation, the IRS delayed the deadline to file and pay federal income taxes. Read more.

Our Response To COVID-19

Our offices are open and our services continue uninterrupted. Read more.
Social Distancing

Don’t Let Fear Paralyze You

In times of uncertainty with stock market and health concerns, it is easy to let fear paralyze us. Read Lesa Creveling's article.

Buying or Renting? – Dispatches From Route 66

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.

Why Have TCO Serve as Your Corporate Trustee

Although you may ask a relative or a friend to be your trustee, a corporate trustee can be a wiser choice. Learn more.

Guardianship Checklist

While confronting mortality can be difficult for any parent, it's beneficial to leave your nominated guardian with a guide for raising your children in the event of your absence or incapacity. Learn more.

How the SECURE Act Affects Your Retirement Plan

Learn how the SECURE Act provisions for 401(k) plans may affect your retirement plan and the retirement of your employees.

All Bets on the Underdog – Dispatches From Route 66

If you are considering taking a vacation in 2020, book it sooner rather than later. Learn more.

Planning for Addict Beneficiaries

While the topic of substance abuse in families can be difficult, it's a growing epidemic that is important to take into account when estate planning.

Phone Scam Alert

Do not fall for the Suspended Social Security Number scam.

Off the Beaten Path: Hidden Gems in the US – Dispatches From Route 66

If you are considering taking a vacation in 2020, book it sooner rather than later. Learn more.

A Beneficial New Year’s Resolution

Some resolutions are hard to accomplish. This one is easy - but very important, especially with the passage of the SECURE Act.
eggs and coins

SECURE Act Significantly Impacts Your Retirement Planning

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.

Doing the Limbo

Our Chief Investment Officer looks back at 2019. Stock returns were very strong, but the bond market forced investors to play the limbo game.
Bob McCormick

Final Edition – Bob’s Market Observations

For your sake, I have decided to wrap up with a single reminder I regularly direct at myself.
2020

New Year’s Resolution: Revisit Your Estate Plan

Now that the holidays are officially behind us, many of you are revisiting that final vestige of the season: the resolution list.
tax folders

Be a Responsible Property Owner: Properly Store Your Documents

While record-keeping can be a tedious task, it's essential to being a responsible property owner.
woman shopping online

It’s Cyber Monday for Cyber Criminals, Too

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.
grandparents and grandkids

Passing Down the Family History – Bob’s Market Observations

It’s not just transferring material wealth to our children and grandchildren that we should focus on, but our own personal histories. Read more.
TCO 2020 RPS Limits card

A Christmas Gift to Your Future Self

Make your end-of-year bonus increase your retirement readiness. Take a look at how much you can contribute in 2020 towards your retirement plan.
thanksgiving dinner

Graduating From the Kids’ Table

While dividing attendees into two tables works well for a packed house during the holidays, don’t apply this philosophy to estate planning.
Granny Cams

Understand Proposed IRA Changes Before Making Estate Planning Decisions

Changes may be on the horizon for legislation regarding Individual Retirement Accounts (IRAs). Understanding and reviewing the proposed bills is prudent before making estate planning decisions.
graduate

Financial Parenting: Teaching Your Kids Financial Responsibility – Bob’s Market Observations

The financial beliefs we pass down to our children can have a significant effect on their financial outcomes. Read more.
stocked refrigerator

Chill Before Serving to Avoid Family Litigation

Litigation can be destructive to families, both financially and emotionally. Learn how families can avoid the courts to settle their differences.
grapes

What A Waste – Bob’s Market Observations

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.
Bob McCormick

Bob McCormick Hits the Open Road

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.
Abraham Lincoln

Where There’s a Will…

What do Aretha Franklin, President Abraham Lincoln and Prince have in common? Find out.

Upside Down

Making Sense of the Recent Yield Curve
playing football

How to Talk To Your Heirs About Your Estate Plan Without Ruining Your Relationship With Them

There can be big benefits to your family knowing your estate plan. But how to communicate to your heirs who gets what without spoiling the relationships with each of them?
empty picture frame

What Does Your Family Look Like?

Family structures have become more complex over the last few decades. Most households are now the result of blended families with working moms, adopted kids, second marriages, and the list goes on. Your estate plan needs to be customized for your specific situation.
IRA

IRA: Why, When & How Often?

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.
Federal Reserve

The Risk Of Negative Interest Rates In The U.S. – Bob’s Market Observations

Understand the risk of negative interest rates in the U.S.
holding hands

Don’t Judge A Book (Or A Nursing Home) By Its Cover

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.
TCO Fiduciary Rule

The Fiduciary Rule: What It Means For You

We have served our clients with a fiduciary duty since our founding in 1981.
WRONG WAY

Two Rules To Live By – Bob’s Market Observations

Life's better when you follow those two simple principles.
financial abuse in elders

Alzheimer’s And Dementia Patients Are Easy Prey For Scammers

Avoid being a victim of financial exploitation.
silo

Don’t Be A Silo

Individual trustees do not need to face all the challenges alone.
trust company of oklahoma

ViewPoint – Why Clients Do Business With Us

I have many reason to be proud of who we are and the services we offer
wedding cake

The New Tax Law & the Economics of Divorce

Understand the new tax law before untying the knot
will and trust

Honey, We Forgot The Car!

How to handle cars in estate planning
dodo illustration

Trying Not To Be a Dodo

Changing Political Climate Threatens Fiscal Conservative Species
glasses on desk

Is Fiscal Discipline Extinct? – Bob’s Market Observations

Does anyone care about government spending and debt? And who will pay the bill?
Senior man comforting senior woman

How Health Problems Become Wealth Problems

Effective retirement planning involves being healthy. Learn how to protect your wealth and your health after you retire.
couple in canoe

Row, Row, Row Your Boat

Are you, your family members and professional advisors rowing in the same direction when it comes to your estate plan?
SPOUSAL SOCIAL SECURITY

Collecting Spousal Social Security Benefits

Social Security benefits are an important component to retirement planning. Here's what you need to know about receiving Social Security on your spouse.
yellow brick road

Staying on The Yellow Brick Road

Financial exploitation and elder abuse continue to rise. How can you protect yourself and your lifetime savings? Read Lesa's article.
cheeseburger

They Want To Take Away Your Burgers – Bob’s Market Observations

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.
TCO Fiduciary Rule

Beyond Our Borders: Why You Should Be Investing in International Markets

It is important to invest in international stocks. Here's why.
retirement planning

The Great Known Unknown

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.

DPOA: A Document With Super Powers

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.
trust company of oklahoma

ViewPoint – A Message from the Desk of Tom Wilkins

"Why should anyone hire Trust Company of Oklahoma to serve as corporate trustee and invest the assets if a family member can do it for free?" she asked me. Here's what I responded.
working on taxes

Playing Hoops With the IRS

Are you a small business owner or investor? Please meet Qualified Business Income (QBI) deduction.

Happy Birthday, Batman!

Batman, the first comic strip trust fund baby, turns 80 today. What lessons can we draw from the Dark Knight?

My Aunt’s Close Call – Bob’s Market Observations

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.
Whittney Stauffer Joins Friends of Finance

2019 Taxes Cheat Sheet

Easily find out how much you owe the IRS on income taxes, long-term investment capital gains taxes, or trust taxes. A printable cheat sheet to keep on your desk.
man using laptop

Jobs of the Future – Bob’s Market Observations

"Many jobs in the future aren't even in existence today." Are we unprepared for what's coming? Read more.

Alzheimer’s and Dementia Patients Are Easy Prey For Scammers

Each day, Alzheimer's or dementia patients are at a high risk of being financially exploited. Learn how to spot it and how to prevent it.

“Drill, Baby, Drill”

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?

The Return of Volatility

It was a challenging year for investors. We wrapped up 2018 with a second 10% correction for the year. What's driving investor anxiety and how does 2019 look like for the markets?
financial planning expert- bob mccormick

New Year’s Day Reflection- Bob’s Market Observations

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.

Cracking The Medicare Code

What You Need To Know Before Signing Up for Medical Coverage.

How to Survive A Bear Market – Bob McCormick’s Market Observations

The recent market volatility got many investors in a panic. Again. What's the best strategy to live through a bear market?
Bob McCormick's Market Observations

Market Observations – October 2018

I've recently crossed the Southwest towards California, and one of my favorite parts of the trip was driving by the trains transporting goods to and from the West coast, a statement of the power of rail road transportation and our economy. As for investments, September brought record highs for large-cap U.S. stocks. Read more.
retirement planning with spouse

Qualified Charitable Distribution

Maximize your charitable gifts while saving on Medicare, income taxes and Social Security. Learn how making contributions directly from your Individual Retirement Account (IRA) can be good for the nonprofit and for your pocket.

Tariffs And Raisins – Children Pick Up On The Darndest Things

The Trump administration recently imposed steep tariffs on several countries, including China. In retaliation, China imposed tariffs on American products. This isn't the first time the U.S. grapples with competitive tariffs, though. Learn more about our country's history of tariff conflicts and the current conflict's impact on our economy.
financial review on tablet

Market Observations by Bob McCormick – September 2018

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The right estate planning will not only put our own minds at ease but make our family’s life less stressful.
financial review on tablet

Market Observations by Bob McCormick – August 2018

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Thinking you can day-trade your way to riches by being fast is bad thinking. If you can’t outrun a cheetah, don’t even think about out-trading high-frequency trading firms.
older couple

The Certainty of Taxes in Retirement

Many retirees mistakenly believe that once they retire they won't have to pay taxes anymore. Your retirement success depends on planning carefully your income and taxes. Read article.
Bob McCormick's Market Observations

Market Observations – July 2018

Corporate earnings are growing at a double-digit rate, yet halfway through the year the S&P 500 posted a meager 2.6% return. Read Bob's investment market commentary.
retirement planning with spouse

Catching Up with Your Retirement Savings

Most Americans don't have enough saved for retirement. Is your nest eggs not where it should be? Are you not maxing out your 401(k) contributions? Don't panic. There's still time to catch up with a few strategies and enjoy financial peace of mind soon.

Decrypting the Bitcoin Bubble

The cryptocurrency's meteoric rise in 2017 had the investment community in awe. Today, the Bitcoin phenomenon has turned into a bloodbath. Investors' confidence is gone. Read an interview with Senior Vice President Michael Abboud about Bitcoin's rise and fall.

Tax Reform: How It Affects You

Congress recently passed the largest piece of tax reform legislation in more than three decades. The bill affects most taxpayers. One area is the ability to deduct charitable contributions. Vice President Emily Crain broke it down to what you need to know.
Whittney Stauffer Joins Friends of Finance

Tulsa World: TCO Hires Bri Ghosn

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We are pleased to introduce Vice President Bri Ghosn, a financial advisor with over a decade of experience. At TCO, she will provide clients with trust administration, asset management, and retirement planning. Read more.

Market Observations – June 2018

A lot of factors impact economic growth, and demographics are certainly one of them. The government just released the 2017 births report, and the findings show a 30-year low in the number of births and a large increase in deaths for age group 25-34. Read Bob's commentary.

Top 5 Retirement Planning Mistakes

Along with getting married and having kids, retiring is one of the most serious decisions you will make in life. If you plan carefully, your retirement years can be filled with joy and financial independence. But the alternative can lead you to serious financial problems. Here are our top 5 retirement planning mistakes to avoid in order to achieve a successful retirement.
retirement planning with spouse

Why You Might Want Both a Traditional 401(k) and a Roth

Planning for retirement involves balancing what you're willing to set aside now with what you'll pay in taxes while in retirement. Splitting your retirement savings between a traditional 401(k) and a Roth 401(k) — or IRA — is sound planning.

Taking Shortcuts on Retirement

Deciding when to retire is a very important financial decision. Some choose to retire later in life.
managing trust and estate planning

Let’s Get Personal

Ensuring future generations respect your values, intentions and hard-earned savings.
real estate lake side property

Overcoming The Emotion of Family Properties

Family legacy properties are extremely emotional assets. The feelings triggered by the thought of parting with the family farm, lake cabin or beach house can become the cause of tension among family members.
retirement planning with spouse

Retirement Income Planning: Escaping from the Daily Grind

Odds are you too have invested far more time than necessary researching some banal household purchase. But if you are nearing your retirement or are already in the midst of it, how much time have you have considered your income strategy in retirement? Was it more or less than the time spent on your last Amazon.com purchase?
retirement planning with spouse

The Dangers of Senior Isolation

Old age “ain’t for sissies.” There is some truth to that.
retirement planning with spouse

Roth Rules

How to Make a Roth Work for You

Whatever it Takes?

U.S. stocks were up modestly the first half of the year. The trip was anything but calm. A sharp drop early in the year was followed by a rally moving in tandem with higher oil prices.
bull and bear stand off

A Better 401(k)

Learn to Love the Pullbacks

Dangerous Words

There are five words investors should always use with caution: "It is different this time". In this article Bob suggests two unusual suspects which may explain why "different" may be happening now.
Bob McCormick's Market Observations

Taxes & Scams, Ham & Eggs

Tax season is unnerving enough without scammers preying on you. In this article, Bob shares the latest scam to be wary of.
starting a living trust

It’s Better To Be Safe Than Sorry

David Stanley offers some helpful questions that we should be asking our financial advisors.

All Eyes On The Fed

Jim Arens discusses what the new year might hold for both stocks and bonds and whether the strong stock returns of 2013 are likely to continue.
financial abuse in elders

Don’t Let Your Digital Assets Evaporate Into the Cloud

In this article, Melissa Taylor sheds light on a subject that has never crossed the minds of many, Digital Assets & Estate Planning.
Bob McCormick's Market Observations

Just How Safe Are Bonds?

In this article, Zac Reynolds shares his insights on the market and the safety of Bonds.

Fees Matter

In Debi Combs article, Fees Matter, she explains the importance of knowing what fees are being charged in your 401(k) plan and how those fees can effect your bottom line at retirement.

A Legacy of Wealth and Purpose

In Jamie O'Shields article, A Legacy of Wealth and Purpose, she provides helpful tips on how to make sure your family legacy is carried on... long after you are gone.

Tough Love

In his article, Tough Love, Bob McCormick shares his thoughts on how the possible change in Federal Reserve policy may affect interest rates and the stock market.
historical books

Why Establish a Trust?

In this article, Jean Kates shares her perspective, as a rancher's daughter, on why establishing a trust is so important.

Are Your Assets Protected?

In this article, Michael Hairston discusses a variety of asset protection options to consider in this uncertain world.

Can Stocks Stay “In The Zone”?

With a strong first quarter for stocks, Cameron Turner explains the reasons and offers his thoughts as to what the future might bring.
how to plan for retirement

Retire On Time

Don’t miss Paul Giehm’s timely article on four important principles.

Is Free Market Capitalism Fair?

“Success is not final, failure is not fatal: it is the courage to continue that counts.”

It’s All About Medicare

With the dawn of 2013, Jim Arens shares his thoughts on what the upcoming year may hold for the investment community and more importantly, for you.

Making Cents

In the December 2012 issue of Tulsa People

So You Think You’re Rational?

Cameron Turner's article poses three questions to help you determine if you are a rational investor.

How Do You Spell Taxmeggedon?

Joanna Murphy describes the impact of these changes as they relate to investments and estate planning.

Avoiding A Fall Off The Fiscal Cliff

With the presidential election only a month away, the “fiscal cliff” looming at the end of this year, and the potential for significant increases in taxes beginning next year, investors are focusing  on what might happen and what they should do about it.
how to plan for retirement

The Retirement Myth

Two popular yet contradictory mindsets in modern culture say that you should love what you do and that you should strive to stop doing it as early as possible.

Well, Shake It Up, Baby, Now… Twist & Shout

It’s July, which typically means summer vacation! However, that’s not the case for the Federal Reserve, as Corey Redington discusses the impact on investors of the Fed’s continuation of Operation Twist announced in June.
financial abuse in elders

Preventing Exploitation of Elders

Jennifer May discusses a topic we all hope to never experience but need to be made aware of. Elder exploitation is no joke. Learn how to arm yourself and your loved ones.

IRAs: Why, When & How Often

Karen Ellis provides 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.
financial planning services

Yes, We Can!

David Stanley clears up a common misconception some individuals have when they hear the name “Trust Company of Oklahoma.”
historical books

Family Wealth Preservation Trust

Protecting your assets from creditors may not be the first thing you think about when you wake up but all too often, people do not think about it at all until it is too late. Fortunately, in Oklahoma we have an attractive asset protection vehicle called the Oklahoma Family Wealth Preservation Trust (FWPT) that can help Oklahoma residents and non-residents alike. Read Lesa Creveling’s insightful article (originally published June 2006) on the benefits of this asset protection trust, its tax treatment and how it works in relation to federal bankruptcy law.
managing trust and estate planning

The Road to Trustee Hell is Paved with Good Intentions

Joanna Murphy discusses the challenges individuals face when serving as a trustee or as an executor of an estate. Being a fiduciary carries a tremendous amount of responsibility ranging from detailed record keeping to bill paying, from tax returns to investments. But don’t despair - Joanna also shares how having a corporate trustee such as Trust Company of Oklahoma can help ease the burden when filling this role, especially for friends and family.

Prosperity with a Purpose

Is there a purpose for your prosperity? In other words, what are you trying to accomplish with your wealth?

Planning & Caring for Children with Special Needs

Parents of children with disabilities are often faced with the challenge of providing a level of care most families never experience.
how to plan for retirement

What About My Retirement?

When I retire, I plan to travel to exotic places, spoil the grandkids I hope to have someday and spend lots of time on the beach. I know these dreams won’t come true without some wise decisions on my part--many of which have to do with my retirement plan.

The Unknown Certainty of Taxes

As the old saying goes, nothing in life is certain but Death and Taxes.
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