Weston DePriest - Financial Planner

Weston DePriest - Financial Planner Weston DePriest | Financial Planner & Wealth Manager | Educator
Trusted Independent Wealth Management Advisor

The Great Wealth Transfer is no secret. It's here.But Wealth does not automatically transfer well just because the asset...
06/03/2026

The Great Wealth Transfer is no secret. It's here.

But Wealth does not automatically transfer well just because the assets exist.

Without proper planning, families can run into:

• Unnecessary taxes
• Probate delays
• Family conflict
• Outdated beneficiaries
• Poor investment decisions
• Assets being distributed in ways that do not match the family’s wishes

Estate planning, tax planning, investment planning, and communication all matter.

The families that handle this best do not wait until there is a crisis. They start the conversation early, get organized, and build a plan that protects both the assets and the people they care about.

Don't know where to start? Reach out I would love to help get you started.

You’ve done a good job saving and investing.You built the accounts.You stayed disciplined.You made sacrifices.You accumu...
06/02/2026

You’ve done a good job saving and investing.

You built the accounts.
You stayed disciplined.
You made sacrifices.
You accumulated the assets.

But at some point, the question changes from:

“How much can I save?”

to

“How will this money actually flow back to me?”

That is where planning becomes so important.

Retirement is not just about having investments. It is about creating a strategy for income, taxes, Social Security, healthcare costs, estate planning, and making sure your money supports the life you worked hard to build.

05/29/2026

Where's your money?

Have you moved companies before? Where is your old 401k?

A lot of people change jobs, get busy, and leave an old retirement account sitting with a previous employer’s plan. That may not be a problem, but it is something you should be aware of.

Old 401(k)s can sometimes mean:

➡️ Investments you haven’t reviewed in years
➡️ Fees you may not be paying attention to
➡️ Beneficiaries that may be outdated
➡️ Multiple accounts that make your retirement picture harder to manage
➡️ Money that is not aligned with your current financial plan

A rollover is not always the right answer, but for some people, consolidating old retirement accounts into an IRA can make their financial life easier to manage and give them more control over investment options, retirement income planning, and beneficiary planning.

The main goal is simple: don’t let an old account sit forgotten just because it is out of sight.

Let’s find it, review it, and make an informed decision.

We had a client's sibling who unfortunately passed away. They had not updated their beneficiaries in many years. The EX-...
05/29/2026

We had a client's sibling who unfortunately passed away. They had not updated their beneficiaries in many years. The EX-SPOUSE was the beneficiary on the retirement accounts and life insurance.

Some simple planning and communication could have prevented this situation.

When was the last time you updated your beneficiaries?

How often does your Financial professional communicate with you?

If you would like a full review and second opinion on your situation I'd love to talk.

I made a video on this yesterday if you want to go watch it. If not I have explained it briefly below. Most people assum...
05/28/2026

I made a video on this yesterday if you want to go watch it. If not I have explained it briefly below.

Most people assume that once they start collecting Social Security, that money is completely tax-free.

But that’s not always true.

In fact, depending on your income, up to 85% of your Social Security benefit could be taxable.

That does not mean the government takes 85% of your Social Security check. That’s a common misconception.

It means that up to 85% of your benefit may be included as taxable income on your tax return.

Here’s how the IRS looks at it.

They use something called combined income, which is:

Your adjusted gross income, plus any tax-exempt interest, plus half of your Social Security benefit.

For example, if you’re retired and receiving Social Security, but you also have income from a pension, IRA withdrawals, 401(k) withdrawals, part-time work, dividends, or capital gains, that extra income may cause part of your Social Security to become taxable.

For single filers, taxation can begin once combined income goes above $25,000.

For married couples filing jointly, it can begin once combined income goes above $32,000.

And once your combined income gets high enough, up to 85% of your benefit may be taxable.

This is why retirement income planning matters so much.

It’s not just about how much money you have saved.

It’s about where the money comes from, when you take it, and how it affects everything else, including your Social Security, Medicare premiums, and overall tax picture.

05/27/2026

Did you know Social Security isn’t always tax-free?

Depending on your income, up to 85% of your benefit may be included as taxable income.

That doesn’t mean you lose 85% of your check, but it does mean retirement income planning matters.

Where you pull income from, when you take it, and how much you take can all affect your tax picture in retirement.

The foundation of the house (so to speak) when building your retirement income plan. Let's find out how much your Social...
05/27/2026

The foundation of the house (so to speak) when building your retirement income plan.

Let's find out how much your Social Security benefit is. If you don't know here are 3 easy steps to create your account and find out.

Here are 4 things every 1099 professional should implement immediately.Number one, set up a separate tax savings account...
05/26/2026

Here are 4 things every 1099 professional should implement immediately.

Number one, set up a separate tax savings account. You are getting paid gross, not net, and the IRS generally expects self-employed people to pay estimated taxes quarterly.

Number two, track your deductions weekly. Mileage, software, home office, phone, marketing, education, all of it needs to be organized before tax season.

Number three, open the right retirement plan. A Solo 401(k) or SEP IRA could allow you to save a lot more than just using a basic IRA.

And number four, build your own benefits package. When you are 1099, nobody is giving you paid time off, disability insurance, an employer match, or a safety net. You have to intentionally create that structure yourself.

Being self-employed gives you freedom, but freedom without a system can get expensive fast.

Persistence. Every time I go to the mountains, I look up to the peaks when I am down at the bottom and it seems impracti...
05/26/2026

Persistence.

Every time I go to the mountains, I look up to the peaks when I am down at the bottom and it seems impractical that you could make it up those things. BUT if you just put one foot in front of the other and keep your mind on the goal you can climb surprisingly fast.

This is a wonderful analogy for investing. That big account balance may seem impractical or unachievable when starting from the bottom, but you will be pleasantly surprised one day if you just keep your head down and keep putting in those contributions.

Thinking of Selling your business soon?Here are 3 common mistakes that can quietly hurt the value of your company before...
05/22/2026

Thinking of Selling your business soon?

Here are 3 common mistakes that can quietly hurt the value of your company before a sale:

1. You are the sole rainmaker.

If every major relationship, referral, sale, and opportunity depends on you, a buyer may see risk. They are not just buying what the business has done they are buying what the business can continue doing without you.

2. You do not have clear systems and processes.

A business that only runs because the owner “knows how everything works” can be hard to transfer. Documented processes, repeatable systems, and a capable team can make the company much more attractive.

3. Too much revenue comes from too few clients.

If a large percentage of revenue depends on a small handful of customers, buyers may worry about concentration risk. Losing one relationship could significantly impact future cash flow.

The goal is to build a business that is not just profitable, but transferable.

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Edmond, OK
73025

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+14056391993

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