401(k) News

| | Comments Off on 401(k) News

A recent survey by HelloWallet revealed that currently, workers age 40 to 49 comprise the largest group making withdrawals from their 401(k) plans. Are they using this money for retirement expenses, as intended? No. More than 50% have used the cash to pay current bills and debt; over 12% are paying for housing and 10%…

Read More

Recent Moves in Housing

| | Comments Off on Recent Moves in Housing

The American Tax Relief Act of 2012, recently ratified by Congress included several provisions that will impact homeowners, sellers and buyers in the coming year. For example, the deduction for private mortgage insurance has been reinstated and is retroactive for premiums paid in 2012. A full deduction is available to single and married-filing-jointly homeowners with…

Read More


| | Comments Off on Cliffhanger

On January 2, 2013 the Unites States Congress enacted The American Taxpayer Relief Act of 2012, averting what had commonly been referred to as the ‘fiscal cliff’.   [CLICK HERE to read, “High Earners Facing First Major Tax Increase in Years,” at The Wall Street Journal, January 2, 2012.]   [CLICK HERE to read the…

Read More

Medicare Taxes in the New Year

| | Comments Off on Medicare Taxes in the New Year

The IRS recently issued a series of Proposed Regulations for the 3.8 percent and the 0.9 percent Medicare taxes slated to begin in 2013 as part of the Patient Protection and Affordable Care Act.   [CLICK HERE to read the actual Act, “HR 3590: The Patient Protection and Affordable Care Act,” at Congressional Health Care Caucus,…

Read More

New Year’s Resolutions for 2013

| | Comments Off on New Year’s Resolutions for 2013

Have you thought about your resolutions for the New Year? According to the Spectrem Group, the top five resolutions of affluent investors are to spend less, save more, pay down debt, revise or create an estate plan, and revise or create a retirement plan.   [CLICK HERE to read, “What Kinds of New Year’s Resolutions…

Read More

Retirement Security: The Gorilla in Our Midst

| | Comments Off on Retirement Security: The Gorilla in Our Midst

In 2009, Knowledge@Wharton published an article referring to reforming Social Security and Medicare as “trying to tackle two 800-pound gorillas.” Amid end-of-year discussions concerning government spending on entitlement programs, two things have become clear: Social Security is on the chopping block and, for now, Medicare is off the table.   [CLICK HERE to read, “Social…

Read More

The Art of Negotiation: Can’t We All Just Get Along?

| | Comments Off on The Art of Negotiation: Can’t We All Just Get Along?

Winston Churchill is credited with observing that if we don’t learn from our mistakes in the past, we are destined to repeat them. Nowhere is this more evident than a year ago when the 112th Congress nearly brought this country to its knees while trying to “negotiate” the national debt ceiling. Today’s 113th Congressional debates…

Read More

You: Federal Shareholder

| | Comments Off on You: Federal Shareholder

  Here we are, post election, and it’s politics as usual. Under the looming threat of falling off the proverbial “fiscal cliff,” our nation’s leaders have holed-up in Washington in between holidays to iron out some of the biggest issues facing our nation’s future. Doesn’t give you a lot of confidence, does it? It’s kind…

Read More

Hog Wild Holiday Shopping Tips

| | Comments Off on Hog Wild Holiday Shopping Tips

Now that we are well into the holiday season, consumers tend to open up their pocketbooks and, let’s face it, go a little hog wild when it comes to shopping for family and friends. That’s good news for retailers who count on this time of year to put their revenues in the black.   It’s…

Read More

How Lame is This Year’s Lame Duck?

| | Comments Off on How Lame is This Year’s Lame Duck?

The post-election Lame Duck legislative session has a long and frequently unremarkable history. The President and members of Congress are considered a “lame duck” when they have been defeated for re-election or elected for a final term (ineligible as a candidate for the next election) and meet in a post-election session.   On November 13,…

Read More


Phone: 757-482-0291
Fax: 757-482-1739


129 Hanbury Road W., Suite 103
Chesapeake, VA 23322
*Guarantees provided by insurance products are backed by the claims paying ability of the issuing carrier.

This guide is for informational purposes only. It is not intended to provide tax or legal advice. By requesting this guide you may be provided with information regarding the purchase of insurance products in the future.