Financial Advisor in Texas
1.oak Financial serves Texas through Marcus Washington, Sr. Financial Specialist, who grew up in Midland and works with federal employees on their FERS and CSRS retirement plans. The firm's planning team and Advisory Alpha's investment team work behind him, and Mike Milligan's radio show airs Sundays on KWEL in Midland/Odessa.
Marcus Washington grew up in Midland, raised by his grandmother alongside three older brothers, and calls himself a proud Texan through and through. His focus is federal employees deciding how to take their FERS and CSRS retirement benefits.
Texas has no state income tax, so Social Security, pensions and IRA withdrawals face federal tax only. A Texas plan turns instead on federal brackets, property taxes and the community property rules that shape how a married couple's assets pass. The One of a Kind Financial Plan™ starts with your story, then works through tax strategy, retirement income, investments, long-term care and legacy with Texas rules in view.
Your Guide in Texas
Hear the team first: The One of a Kind Financial Show airs Sundays at 12 PM Central on KWEL AM 1070 / FM 107.1 in Midland/Odessa. Stream past shows.
Investment advisory services are offered through Mike Milligan, an Investment Advisor Representative of Advisory Alpha, LLC. Marcus Washington is not an Investment Advisor Representative and is not licensed to provide investment advice. Marcus Washington is insurance licensed in health, life, and annuities insurance in the state of Texas.
The One of a Kind Financial Plan™, built for Texas
Tax Planning
Withdrawal order, Roth conversion timing, and bracket management built around the state facts below, so more of what you saved stays yours.
Retirement Income Planning
A month-by-month income picture that answers one question: can the life you want here be paid for, for as long as you live it?
Investment Management
Portfolios managed with Advisory Alpha's investment team, held at Fidelity, Charles Schwab, and American Funds.
Long-Term Care Planning
The HALO health analysis puts numbers on the risk everyone avoids talking about, before it makes the decisions for you.
Legacy Planning
Documents, beneficiaries, and the family conversation, so what you built lands where you intend it to.
Flat Fee Planning
A comprehensive plan for a straightforward, predetermined fee, so you know exactly what you're paying and what you're receiving.
What’s different about planning in Texas
- Texas levies no personal income tax, so the tax work in a Texas plan centers on federal brackets, Medicare premium thresholds and the order you draw from each account.
- After voters approved Propositions 11 and 13 in November 2025, a Texas homestead carries a $140,000 exemption from school district taxes, and owners 65 and older receive another $60,000 plus a ceiling on their school taxes.
- Texas has no state estate or inheritance tax, and it is a community property state: how a married couple holds assets affects how they pass at the first death and the tax basis the surviving spouse receives.
State tax details current as of 2026 and subject to change; your plan is built on the rules in force when it is written, alongside your tax professional.
Texas questions, answered plainly
Who serves Texas for 1.oak Financial?
Marcus Washington, Sr. Financial Specialist, serves Texas families with the 1.oak planning team and the Advisory Alpha investment team behind him. Investment advisory services are offered through Mike Milligan, an Investment Advisor Representative of Advisory Alpha, LLC. The first call is complimentary.
Does Texas tax retirement income?
No. Texas has no state income tax, so Social Security, pensions and IRA or 401(k) withdrawals face federal tax only. Federal brackets and Medicare premium thresholds still apply, and that is where the tax component of your plan does its work.
I'm a federal employee in Texas. Can 1.oak help with FERS or CSRS?
Yes. Marcus Washington focuses on federal employees' retirement plans under FERS and CSRS, and the retirement income component of your plan sets those benefits alongside Social Security, your savings and any survivor benefit you elect.
How does community property affect estate planning in Texas?
Property a married couple acquires during the marriage is generally community property in Texas. How it is titled affects who inherits it and the tax basis the surviving spouse receives, so the legacy component of your plan reviews titling and beneficiary designations alongside your estate attorney.
Can I hear the show in Texas?
Yes. The One of a Kind Financial Show airs Sundays at 12 PM Central on KWEL AM 1070 / FM 107.1 in Midland/Odessa, and Mike Milligan joins Craig Anderson's Morning Show on KWEL live every Tuesday at 9:06 AM Central. Past episodes stream on the radio show page.
