Messett Financial

Name: Messett Financial
Address: 1013 Long Prairie Road, Flower Mound, TX, 75028, US
Telephone: +18178405910

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Messett Financial

It’s why clients refer family members and friends to us all the time. Please check FINRA’s BrokerCheck for a list of current registrations.

With 50 years of practice among our skilled team members, & more than 20 years as a financial advisory firm, we offer sound recommendations based on research, knowledge, & experience. Securities and advisory services offered through Commonwealth Financial Network®, Member https://www.FINRA.org/https://www.SIPC.org, a Registered Investment Adviser. Fixed insurance products and services are separate

from and not offered through Commonwealth. The Financial Advisor(s) associated with this profile may only discuss or transact business with residents of states in which they are properly registered. Review our Terms of Use: https://www.commonwealth.com/termsofuse.html.

08/24/2026

For many young adults (19-25), planning for retirement is not a priority and the thought of investing can be daunting.

However, investing at an early age is how you can help pave the way to a successful financial future.

The younger you start, the more the compounding effect of money over time works in your favor.

“Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” – Albert Einstein

08/21/2026

Over the course of our career, we’ve gotten more questions about retirement than we can count.

All are good questions; some are unusual.

But some, we tend to get asked more often than others.

Over the next few months, we are going to share the answers to some of these most frequently asked questions.

This week, let’s start with the question: “Will my Social Security benefits be subject to income taxes?”

08/17/2026

No matter how much you’ve saved, it can be surprisingly scary to realize you will need to start living off your savings in retirement.

Of course, your Social Security benefits will play a major role in covering your monthly expenses, and there are plenty of ways to generate income in retirement.

But still, realizing that your principal must now be earmarked for the present as much as the future can be a sobering thought.

Every retiree should have a strategy for WHEN they will withdraw money from their accounts, WHICH accounts they will draw from first, and HOW MUCH they should withdraw every month, quarter, and year.

There are many potential strategies to choose from, and a near-infinite number of ways to customize each strategy for you.

And while the strategy you choose should be carefully crafted based on your own personal needs and goals, here are a few basic approaches to get you thinking.

08/13/2026

Benjamin Franklin once wrote, “For age and want, save while you may; no morning sun lasts a whole day.”

While there are hundreds of financial strategies out there, none are more powerful than the most basic: Save what you can, as early as you can, as often as you can.

But even though the concept of saving is basic, that doesn’t mean there aren’t plenty of ways we can maximize our savings.

We’ve put together a few tips and suggestions to help ourselves and our families save more consistently while also preventing money from slipping through the cracks.

08/05/2026

Creating a will has several benefits, such as minimizing estate taxes or making sure your children and pets are taken care of.

But make sure you avoid these 5 common mistakes!

1. Do not write it by hand. There are some states that will not recognize handwritten wills. You need a typed will signed by two witnesses.

2. Not knowing your state’s laws. Making sure you are aware of the laws that dictate validity, construction, and interpretation can help you best prepare your will and ensure your intentions and wishes are abided by.

3. Not making revisions. Having a will is great! Not revisiting it, and updating it is not. You need to make sure that if people come and go from your life, that is reflected in your will, as well as changes to your possessions.

4. Not creating a living will. A will covers you in case of death; a living will covers you in situations where you may not be able to advocate for yourself. You need to make sure all situations are accounted for.

5. Trying to DIY it. You may think you have covered all your assets, but did you account for insurance? Pensions? Bank accounts? What about tax laws? It’s best to seek professional guidance to make sure you are following rules and not forgetting anything.

08/03/2026

As we move into a new school year, many parents with high school students will start looking ahead to college…and how to pay for it.

One resource no parent or student should overlook is the “Free Application for Federal Student Aid,” aka FAFSA.

This is a form for prospective college students that determines their eligibility for financial aid.

By completing this form, students can potentially receive different types of financial assistance, from Pell Grants to student loans.

The FAFSA can be intimidating to fill out, and some students wrongly assume it doesn’t apply to them.

However, all students, regardless of background, grades, or financial situation, should take time to fill it out, as they may well qualify for significant aid to help pay for their higher education.

If you have a loved one who is preparing for college in the near future, please review the information below, and feel free to share it with them.

07/27/2026

When it comes to funding your child or grandchild’s education many people think a 529 plan is their only option.

However, you can also use a Roth IRA account to help pay for education expenses. So, which one will be your best option?

First, let’s define what both of these accounts are.

529 plans are tax-advantaged savings accounts designed specifically to help save for education expenses.

Roth IRA accounts are set up to make after-tax contributions for tax-free withdrawals during retirement.

Here are a few things to consider when thinking of which option may be best for you:

- 529 plans qualify for a state income tax deduction in over 30 states. Roth IRAs do not.

- 529 plans have an annual contribution limit of $19,000, or $38,000 for couples. (Anything above that requires filing a gift tax return.) Roth IRA’s have an annual contribution limit of $7,500, or $8,600 if you’re over 50.

- 529 plans allow third party contributions where Roth IRAs do not.

- Roth IRAs are not subject to 5-year gift tax averaging. 529 plans are subject to 5-year gift tax averaging with an $95,000 limit.

- Roth IRAs have a broad set of investment options for you to choose from. 529 plans also come with plenty of options but are still more limited by comparison.

- Roth IRAs can be used for essentially any expenses. 529 plans can only be used for qualifying education expenses.

Remember, both options have their advantages and disadvantages.

Maybe you should do a 529 plan, maybe you should do a Roth IRA, or maybe you need a mix of both.

If you want help determining which route you should go to cover educational expenses, give us a call. We’ll be happy to assist.

07/16/2026

What are you doing to protect your identity?

If you’re like most Americans, the answer is probably, “not much.”

According to a survey by the Identity Theft Research Center, only 3% of adults chose to freeze their credit after receiving a data breach notice…even though freezing your credit is one of the best ways to prevent identity theft.

One possible reason for this is that credit freezes have traditionally cost money. But many don’t realize that you can freeze your credit for free!

To get the most protection, you should freeze your credit at all three major credit reporting agencies. Visit these websites to learn how:

TransUnion: transunion.com/credit-freeze
Experian: experian.com/freeze/center.html
Equifax: equifax.com/personal/credit-report-services/credit-freeze

A few things to know:

When you apply for a credit freeze, the agency will essentially lock, or freeze, your file so that it can’t be accessed.

That way, even if a lender requests your information, the agency will not release it until you “thaw” the freeze first.

Creditors cannot access your report which keeps them from approving any new credit account in your name, fraudulent or legitimate.

While a credit freeze is a valuable weapon in the fight against identity theft, it won’t protect you from everything. That’s why you should also check your credit report regularly. (You can still request a credit report even if your credit is frozen.)

Freezing your credit will not affect your credit score.

Please let us know if you have any questions, and be sure to visit the links listed above to learn more!

07/14/2026

Tuesday Trivia

Question: Why is it called a “Roth IRA”?

A) Roth stands for “Retirement Obligations, Taxes, and Holdings”
B) It was named after Senator William Roth
C) It comes from the Roth Investor Rights Act
D) It was named after the Rothschild banking family

Answer: B) It was established by Senator William Roth in 1997 as part of the Taxpayer Relief Act. A Roth IRA differs from a traditional IRA in that contributions are made with after-tax dollars. While that means you cannot take an immediate deduction, it also means you don’t have to make mandatory withdrawals in retirement (known as Required Minimum Distributions), and any withdrawals you do make are tax-free.

07/08/2026

July 8 – Be a Kid Again Day!

Do you ever envy children?

Honestly, why wouldn’t you?

Sure, it’s nice being able to eat cake for breakfast (though the scale would disagree), not having a bedtime (who are we joking, we like going to bed at 9pm), and not being told what to do (oh, wait…).
But don’t you miss being a kid? When the biggest issues you dealt with were which cereal to have or which toy to get?

Well, today is your perfect excuse to rewind the clock. Seeing as it’s ‘Be a Kid Again Day,’ it’s your chance to relive all your favorite parts of childhood. And science agrees!

Did you know that Psychological Science reported that kids are better at seeing the whole picture?

They notice their entire surroundings much better than adults do.

Kids also experience increased curiosity. They are eager to learn and understand the world around them, leading them to ask more questions.

And with that comes that child-like wonder we all miss. That sense of ‘awe’ that is evident on a child’s face at even the most mundane.

So, spend today relearning some of the best parts of being a child.

It could benefit you in the long run!

Address

1013 Long Prairie Road
Flower Mound, TX
75028

Telephone

+18178405910

Website

https://messettfinancial.com/

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