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Retirement Planning

Retirement Planning

When seeking a financial advisor to manage your investments along the biblical path, the choice becomes a spiritual journey as much as a financial one. Opting for an advisor who aligns their principles with yours and walks in the biblical path signifies a commitment to ethical and faith-based financial stewardship.

A financial shepherd of this caliber will integrate biblical wisdom into investment strategies, ensuring that your financial decisions reflect your personal values. Ben is an advisor with specialized expertise in biblically responsible investing, who prioritizes integrity, honesty, and ethical conduct in every financial recommendation that he gives to clients. Choosing a financial advisor who understands the importance of aligning your investments with your faith– the way you live your life– creates a partnership where your financial well-being is intertwined with your personal convictions, offering confidence in your financial journey.

Effective communication is key, so choose an advisor who takes the time to understand your unique circumstances, concerns, and aspirations. Look for an advisor with a proven track record in retirement planning, possessing the knowledge to optimize your savings, managing risk to help maximize returns, and in sync with your values.

We work with the following types of retirement accounts:

  • 401(k) plans for employers
  • Rollover of 401(k), 403(b), TSP,
    and other employer sponsored plans
  • Traditional IRA
  • Roth IRA
  • SEP IRA
  • SIMPLE IRA
  • Brokerage
  • Educational
  • Trust
  • And other account types
Estate Planning

Estate Planning

Do you have an aging parent or loved one and need help navigating the complexities of estate planning?

Embark on a seamless journey to safeguard your legacy with our comprehensive estate planning services. Benjamin specializes in crafting tailored estate plans that prioritize your unique needs and aspirations, while also honoring your loved one and family. From wills and trusts to asset protection and tax efficiency, our estate planning strategies are designed to ensure a smooth transfer of assets while managing tax implications. Discover strategies by partnering with Lone Oak to help you through the intricacies of estate planning with clarity and expertise. Help your family's financial future and leave a lasting legacy by working with Ben and his partners for your estate planning needs and services.

*Asset protection plans should be developed and implemented well before problems arise. Due to the fraudulent transfer laws, asset transfers that occur close in proximity to the filing of a lawsuit or bankruptcy can be interpreted by the court as a fraudulent transfer. Proper structuring of these assets is imperative please seek proper legal and tax advice prior to engaging in re-titling/structuring of any assets. Please note that laws are subject to change and can have an impact on your asset protection strategy.

Educational Planning

Educational Planning

Today’s world makes many of us cringe. People across the nation are seeking ways to obtain meaningful educational opportunities that are more in line with their own personal values, both K-12 and post high school.

Lone Oak Financial stands as your beacon for biblically aligned educational financial planning, ensuring that your commitment to providing quality education for your children aligns seamlessly with your faith and values. We understand the importance of stewardship in education, and our dedicated team is committed to navigating the complexities of educational financing with transparency and integrity. From 529 plans to other biblically responsible investment options, Lone Oak Financial empowers you to build a solid financial foundation for your children's educational journey while upholding your spiritual values. Choose Lone Oak Financial for a faith-centered approach to educational financial planning that secures a brighter future for your loved ones.

Insurance: Pennie, Medicare and Life

Insurance: Pennie, Medicare and Life

Have you recently changed jobs or perhaps lost your job? Pennie is Pennsylvania's official health coverage marketplace; and the only place to get financial assistance to help lower the cost of coverage and care. Here at Lone Oak, we can help you navigate the complex issues with health insurance and make sure you get the right coverage at the right cost. There is no cost to you to seek our assistance.

The same is true of navigating the Medicare landscape. Do you have questions about which Medicare Plan is right for you? The team at Lone Oak will help you figure which coverage options are the best for you, including Parts A & D.

Pursuant to requirements imposed by the Internal Revenue Service, any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of avoiding penalties imposed under the United States Internal Revenue Code or promoting, marketing or recommending to another person any tax-related matter. Please contact us if you wish to have formal written advice on this matter.

A 529 plan is a college savings plan that allows individuals to save for college on a tax-advantaged basis. Every state offers at least one 529 plan. Before buying a 529 plan, you should inquire about the particular plan and its fees and expenses. You should also consider that certain states offer tax benefits and fee savings to in-state residents. Whether a state tax deduction and/or application fee savings are available depends on your state of residence. For tax advice, consult your tax professional. Non-qualifying distribution earnings prior to 2024 are taxable and subject to a 10% tax penalty. Beginning in 2024, unused 529 plan funds may be rolled into a Roth IRA assuming the following conditions are met: 1) must have owned the 529 plan for 15 years, 2) can only convert funds that have been in the 529 plan for at least 5 years, 3) rollover amount cannot exceed $35,000 and 4) rollovers must be made to a beneficiaries Roth IRA.