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Oak Wealth Advisors’ First 100 Days of 2017

by Oak Wealth Advisors
April 4, 2017
2017 Deep Rooted Thoughts, Deep Rooted Thoughts

We wanted to update you on the first 100 days of the year at Oak Wealth Advisors. It has been a momentous period that we feel has us well positioned to deliver the best possible client service in the future. The fortune cookies that we opened late in 2016 could not have been more insightful....

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Supreme Court Clarifies Free Appropriate Public Education

On Wednesday, March 22, 2017, the special needs community was able to breathe a collective sigh of relief. The U.S. Supreme Court issued a unanimous decision that upholds and clarifies the right to free appropriate public education (F.A.P.E.) for all citizens. The challenge came from a family that had been told by the Tenth Circuit......

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Oak Wealth Advisors Make It Better | Jan-Feb 2017

by Oak Wealth Advisors
February 9, 2017
ARTICLES ABOUT OAK WEALTH ADVISORS, In The Media-Articles

We were honored to be asked by Make It Better Magazine to provide advice about special needs financial planning. As nice as the opportunity was to share our knowledge, we were even more grateful to read about how our clients, who are featured in the article, feel we have improved their lives...

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ABLE ACT UPDATE 2017

Over two years after the ABLE Act was passed, fewer than half of the fifty states are offering ABLE accounts. The good news is that the number is growing on a monthly basis. In January, a consortium of fourteen states has begun launching their plans. Among these states is Illinois. Please see the state graphic......

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2017 Social Security Benefits Update

by Oak Wealth Advisors
October 26, 2016
2016 Deep Rooted Thoughts, Deep Rooted Thoughts

– Better than nothing, but just barely… Regardless of whom our next President is, for 2017, Social Security recipients will be getting a .3% increase in their monthly checks. (That is less than one-third of one percent, not three percent.) Individuals receiving SSI benefits will receive $735/month up from $733 in 2016. The amount of......

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2016 The Case For Inclusion Summary

The following summary comes from United Cerebral Palsy and their annual study of the special needs programs and resources available across the country. For more information and access to the entire study, visit http://cfi.ucp.org. The Case For Inclusion 2016 report is the broadest and most interesting national study of special needs services we have found.......

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Oak Wealth Advisors expertise featured on CNBC

CNBC Story on ABLE Accounts featuring Randi Gillespie and Mike Walther of Oak Wealth Advisors...

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Recommendations For More Successful I.E.P. Meetings

Our recommendations for having successful Individualized Education Plan (IEP) meetings: Be Proactive. Your role is equally important as the education professionals’. You are an expert about your child. You should advocate for the support your child needs. Prepare well in advance of the meeting. Prior to the I.E.P., send a letter including all the topics......

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ABLE Accounts—Now they exist!

As of June 1, 2016, Ohio is accepting applications for 529 ABLE Accounts. As we had anticipated, they are the first state to offer the plans. While being first is certainly an advantage for Ohio, it does not mean that their plan will be optimal for all individuals. To their credit, Ohio has chosen to......

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How Can I Minimize the Taxes on My IRA Account?

by Oak Wealth Advisors
March 31, 2016
2016 Deep Rooted Thoughts, Deep Rooted Thoughts

IRAs and qualified retirement plans like 401(k)s, 403(b)s, and 457(b)s are among the most tax-inefficient assets to leave your heirs. Distributions from IRAs and qualified retirement accounts are taxed as ordinary income and can be taxed up to the highest marginal income tax rates. For wealthy taxpayers, their IRA balances may be subject to the estate tax at 40%. At their death, if the beneficiaries they have named are subject to the highest (39.6%) income tax...

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