Insights & Financial News | Oak Road Journal

Insights

Couple meeting with a financial advisor to discuss the average cost of financial planning services — Oak Road Wealth Management, Lee's Summit MO

What Is the Average Cost of Using a Financial Advisor?

Is 1% worth it? Learn what financial advisors actually charge — and what you should be getting for it. Oak Road Wealth Management breaks it all down.

What Is a Red Flag for a Financial Advisor?

Your financial advisor could be costing you thousands — and you'd never know it. Learn the red flags that expose bad advisors before it's too late.

Can I contribute to a Roth IRA if I make over $200,000?

If you earn over $200,000, the IRS may say "no" to direct Roth IRA contributions—but we say "yes." Discover the 2026 Backdoor Roth strategy at Oak Road Wealth Management in Lee's Summit. Learn the rules before you over-contribute!

What are the Disadvantages of a QCD?

For many retirees, the Qualified Charitable Distribution (QCD) feels like a “tax cheat code.” It allows

What are Common QCD Mistakes to Avoid?

Qualified Charitable Distributions (QCDs) are a powerful tool for retirees in Lee’s Summit to support

What Qualifies as a Qualified Charitable Distribution?

Stop paying taxes on your RMD. Discover exactly what qualifies as a qualified charitable distribution in 2026. See how to use the new $111,000 limit to donate tax-free. Don't overpay the IRS—read the rules now.

Overhead photograph of a tax planning desk set with a 2021 Form 1040, glasses, wooden blocks spelling "TAX", a vintage orange alarm clock, and a stack of money. A green overlay box asks: "HOW DOES THE IRS KNOW YOU MADE A QCD?". Includes the Oak Road Wealth

How does the IRS know you made a QCD?

How does the IRS know you made a QCD? Avoid a surprise tax bill with our 2026 guide to reporting gifts on Form 1040. Learn why the new "Code Y" might be missing from your 1099-R and how to prove your gift is tax-free.

Detailed photograph of a stack of office folders and a calculator on a desk. The spine of a blue folder clearly displays the word 'TAX'. Overlaid in a green banner is the text: 'Is it better to take a Qualified Charitable Distribution (QCD) or a charitable

Is it Better to Take a QCD or a Charitable Deduction?

Is it better to take a QCD or a charitable deduction? Discover the $111k tax-saving strategy for 2026 with Oak Road Wealth Management in Lee's Summit. Save more today!

Infographic showing a diagram of an IRA to Roth conversion with a red pencil circling 'ROTH' and text overlay asking, 'Do you pay tax twice on a backdoor Roth?'

Do You Pay Tax Twice on A Backdoor Roth?

Stop paying the IRS twice! Most high earners trigger a double tax on their Backdoor Roth by missing one critical form. Learn how to protect your wealth now.