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Six Things to Know to Weather a Market Downturn

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It’s natural to be nervous when the markets head for negative territory. Keep a positive perspective with these six investing reminders.
It can be very unsettling for investors when their portfolios and the markets start heading for the red and fear sets in that all you’ve worked for and set aside for retirement and other goals could be at risk. Here are six investing basics to keep in mind during volatile times:

Periods of volatility are normal – All markets move in cycles and periods of steep contraction are completely normal. While the length of market contractions varies, periods of growth and expansion are usually waiting on the other side. Since 1973, stocks have fallen more than 10 percent and subsequently rebounded eight times.

Don’t Panic – Letting emotions dictate your investing strategy is a risk you should not take. Short-term decisions can have long-term consequences on your portfolio. Being patient can pay dividends.

Know your portfolio – Understand your investments and how specific investments represent different goals and outcomes. Keep in mind your risk tolerance and investment timeline, and if either has changed, consider talking to your financial advisor about rebalancing your portfolio. Diversification can potentially help balance risk during a downturn and mitigate extreme swings in value.

Stay the Course – Remember your financial plan and long-term goals and stick to them. A disciplined investment approach is the best strategy for handling market downturns and will likely enable you to participate when the markets rebound.

Consider opportunities – Working with your financial advisor, determine whether periods of volatility are a good time to take advantage of investment opportunities in line with your long-term plan.

You’re not alone – Your financial advisor is available to help you when you need it. He or she can guide you through difficult markets and be the independent voice and “information bodyguard” that helps you stay focused on your long-term goals.

Investing involves risk and investors may incur a profit or a loss. Past performance may not be indicative of future results. Diversification does not ensure a profit or protect against a loss. The foregoing contains general information only and is not intended to convey investment advice. Amy V. Smith Wealth Management, LLC, an independent firm, CFP, CIMA, offers securities through Raymond James Financial Services, Inc., member FINRA/SIPC. Her office is located at 161 Fort Evans Road, NE, Suite 345, Leesburg, VA 20176. (703-669-5022, www.amysmithwealthmanagement.com) Dan Smith is not affiliated with Raymond James.

Amy and Dan Smith’s Planning for Life: When the Road To Success Leads Back Home

January 7, 2016 Amy and Dan Smith, Columns Comments Off on Amy and Dan Smith’s Planning for Life: When the Road To Success Leads Back Home
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Despite our best efforts, sometimes grown children aren’t quite ready to enter the real world.

The day our children move out of the house, graduate from college, or land their first full-time job isn’t always-or even often-the day they achieve independence. Life is full of twists and turns, and even young adults with the best laid plans can veer off course, turning to their parents for support when things get tough. One study, conducted by Arizona Pathways to Life Success, says that half of recent graduates ages 23 to 26 depend on their family’s financial support to meet their current needs. … Continue Reading

Amy and Dan Smith’s Planning for Life: Giving and Taxes

December 2, 2015 Amy and Dan Smith, Columns Comments Off on Amy and Dan Smith’s Planning for Life: Giving and Taxes
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There is a relationship among income, gift and estate tax which can appear complex. However, in reality most of gifts are not affected by taxes.

This column addresses non-charitable gifts. Unlike a gift to charity, a gift to a person is not deductible by the donor for income tax purposes. A gift to a person is not taxable income to that person.

There is a federal gift tax but (with the exception of Connecticut and Tennessee) states don’t impose gift taxes. Here’s how the federal gift tax works: A person may make as many gifts as he/she wishes each year so long as the total value of gifts to each person for the year is within the amount of the “annual exclusion.” The annual exclusion is subject to adjustment each year and is $14,000 for 2015 and 2016. So Dad can give up to $14,000 of gifts apiece to each child, grandchild and neighbor without having to file a gift tax return, no matter how many children, grandchildren and neighbors he has. Furthermore, Mom can do the same. In fact, if Dad wants to give up to $28,000 per donee and Mom doesn’t want to give anything, Dad can “borrow” Mom’s annual exclusion for that year. However, Dad will have to file a gift tax return which Mom will sign to show she is allowing him to use her annual exclusion. (To avoid that requirement gifts can be made from joint property, as with a joint bank account.) … Continue Reading

Amy and Dan Smith’s Planning for Life: Trusts

November 4, 2015 Amy and Dan Smith, Columns Comments Off on Amy and Dan Smith’s Planning for Life: Trusts
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A common estate planning device is the trust. A trust is simply an agreement between two people: the person who establishes the trust, who may be called the Settlor, the Grantor or the Trustor, and the person or institution who agrees to fulfill the terms of the trust, called the Trustee. There can be multiple Settlors, as, for example, a married couple; and there can be more than one Trustee. Quite often in estate planning the Settlor(s) and the Trustee(s) are the same person(s), as when a married couple creates a joint trust.

There are many different types of trust, too many to describe in the space of this article. In estate planning a “Revocable Living Trust” (RLT) is very common. This is a trust established during lifetime which the Settlor(s) can continue to change during lifetime. Usually the Settlor(s) and the Trustee(s) are the same person(s). … Continue Reading

How Divorce Affects Social Security Benefits

September 30, 2015 Amy and Dan Smith, Columns Comments Off on How Divorce Affects Social Security Benefits
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The 10-year rule and understanding your benefit options

When it comes to retirement income, Social Security typically accounts for the lion’s share, so it makes sense to understand how to maximize your benefits. As you may know, marital status is an important decision factor when it comes to timing benefits. But, did you know divorce also comes into play? Many people see divorce as a chance to start over, a clean slate, if you will. But just because your former spouse is out of the picture, doesn’t mean his or her Social Security benefits have to be, especially if he or she earns more money than you. In fact, your ex can actually mean extra when it comes to what you’re eligible to collect.

Here’s why. If you were married at least 10 years before your divorce, you may be eligible to receive Social Security benefits based on your ex-spouse’s record, assuming he or she is entitled to them. If your ex-spouse hasn’t applied for retirement benefits yet, you can still collect on his or her record if you’ve been divorced for at least two years. This holds true even if your former spouse has remarried. And, claiming benefits on his or her record has no effect on what a new spouse can claim. Of course, you have to qualify to do so. … Continue Reading

When To Take Social Security: Timing Is Everything

September 3, 2015 Amy and Dan Smith, Columns Comments Off on When To Take Social Security: Timing Is Everything
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As you approach retirement, there are several decisions that can impact the level of income you will receive when you stop working. One such decision will be about claiming your Social Security retirement benefit.

More than half of eligible Americans take their benefits “early”-after they reach 62, even though they are locking in a permanent reduction in their monthly payment by as much as 25 percent. Still, “early” makes sense for many if they have little in savings and simply need the money. However, many do it because they can, without realizing they are giving up progressively higher payments each year they wait to claim, potentially losing as much as 32 percent than if they had waited to age 70. Surveys have shown that nearly 40 percent in this camp actually regret their decision to claim “early” once they realize how much they have given up in lifetime income. For some couples, this could translate into hundreds of thousands of dollars for not adopting a “wait to take” strategy. … Continue Reading

A Social Security Strategy Could Enhance Your Retirement Income Plan

August 7, 2015 Amy and Dan Smith Comments Off on A Social Security Strategy Could Enhance Your Retirement Income Plan
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By Amy & Dan Smith

What do you think of when someone mentions Social Security? Many people consider Social Security and retirement as one and the same. More than 90 percent of working Americans plan for Social Security to replace part of their current incomes when they leave the workforce. Sadly, what really happens is that, because of timing decisions, 75 percent of those already receiving benefits are drawing a reduced amount.*

Your benefits can be greatly affected by your specific circumstances during retirement. Your monthly payment amounts as well as your tax status can change if you decide to work part time or start a second career. There is also your and your spouse’s beneficiary eligibility to consider. … Continue Reading

Challenges for Blended Families

June 3, 2015 Amy and Dan Smith, Columns Comments Off on Challenges for Blended Families
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By Amy & Dan Smith

The blended family has become more the norm than the exception in our society. As with most second marriages, Amy and I came into our marriage with our own children, our own careers and our own estates. We have experienced the challenges of the blended family.
Typically, a parent in a second marriage has conflicting loyalties. There is the desire to provide for the well being of the second spouse while, often at the same time, there is a felt duty to preserve some part of the estate (especially, of that acquired before the second marriage) for his/her children of the first marriage. This conflict can be especially acute if there is a significant age difference between the spouses. Thus, the older spouse could provide a trust for the life of his/her spouse, but this could delay significantly the benefit to the children of the first marriage by many years. … Continue Reading

Planning for Lives after Death

May 5, 2015 Amy and Dan Smith, Columns Comments Off on Planning for Lives after Death
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By Amy & Dan Smith

This past month I once again experienced life as prelude to practice. It started with an email two weeks ago from a hospice caregiver at my father’s request with words every child dreads: “Your Dad has asked me to write and tell you he thinks the end is near. He says you’ll know what to do.” What had been planned as a birthday celebration in Florida within 48 hours ended as a death vigil for my father. My immediate family members were gathered at my parents’ home to say good-bye. Dad died quickly and peacefully after struggling for years with chronic pulmonary dysfunction. Two of us were on either side of him holding his hands while he was sitting up on the couch, and we noticed that he had stopped breathing. … Continue Reading

Amy and Dan Smith’s Planning for Life: Looking Beyond U.S. Borders

March 4, 2015 Amy and Dan Smith, Columns Comments Off on Amy and Dan Smith’s Planning for Life: Looking Beyond U.S. Borders
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By Amy and Dan Smith

Even though U.S. equities still represent the single largest portion of the world stock markets, more than half of the world’s total stock market capitalization lies outside the United States, and economic growth rates outside the United States have in some cases exceeded that of the United States. Investors are beginning to consider diversifying their holdings beyond U.S. borders as a result. In the past, I have often recommended allocating no more than 10-20 percent of an investor’s overall portfolio to international funds. However, with the growth of global markets and the European Central Bank’s recent initiation of quantitative easing, many experts now suggest an even higher percentage can be appropriate given the right circumstances. … Continue Reading

Amy and Dan Smith’s Planning for Life: Five Equity Market Themes for 2015

February 3, 2015 Amy and Dan Smith, Columns Comments Off on Amy and Dan Smith’s Planning for Life: Five Equity Market Themes for 2015
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By Amy and Dan Smith

Each year I read many market forecasts for the coming year from investment experts around the globe. Accordingly, I’d like to provide you with a recent article from Jeffrey Saut, Raymond James Chief Investment Strategist titled “Five Equity Market Themes For 2015”. (Readers may find the complete 2015 Outlook from Raymond James Investment Strategy Quarterly on my website www.amysmithwealthmanagement.com under “Market Views.”)

Lower Fuel Prices

This extended period of lower fuel costs should benefit companies that are dependent upon fuel as an input, such as the airlines, trucking and cruise lines, railroads, shipper, etc. Additionally, consumers are paying less at the pump and the hope is that those savings will now flow into other areas of the economy, like the consumer discretionary sector. … Continue Reading

Amy & Dan Smith’s Planning for Life: Planning Your Will

January 6, 2015 Amy and Dan Smith, Columns Comments Off on Amy & Dan Smith’s Planning for Life: Planning Your Will
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By Amy and Dan Smith

A will is a highly protected form of writing. The requirements for a valid will must not be casually regarded. With rare exception in Virginia, only the original of a will – not a copy – may be admitted to probate. To be admitted to probate a will must (1) be in writing, (2) signed by the testator (the person making the will) and (3) signed by two competent witnesses who were both present with the testator either to watch him sign it or to hear him acknowledge his signature. There is a popularly known exception for a will, which is entirely in the handwriting of the testator, called a “holographic” will. However, it is dangerous to rely on this exception because it is very narrowly applied by the courts.

The requisite formalities may not be strictly applied to wills made by persons in military service. Wills made by a person deemed of “unsound mind” or by a minor are not valid. … Continue Reading

Amy & Dan Smith’s Planning for Life: Explaining Process of Probate

December 10, 2014 Amy and Dan Smith, Columns Comments Off on Amy & Dan Smith’s Planning for Life: Explaining Process of Probate
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The term “Probate” derives from the Latin Probatio meaning “proof.” The term came to be applied specifically to proof of wills. In common practice, when a person dies, the proponent of a will takes it to court (usually a probate clerk) and “proves the will”; that is, the proponent submits the will as the true and authentic last will and testament of the deceased person (the “decedent”). In addition, a death certificate or an obituary notice must be produced and a “list of heirs,” which consists of the names and addresses of the people who would take an estate if the decedent died without a will.
The term “probate” now is commonly used to refer to the process of administration of a decedent’s estate whether he/she died with or without a will. If there was no will, the decedent is said to have died “intestate,” in which case the estate will pass to the “heirs at law.” Each state by statute lists the order of family members who will take the estate of a person dying without a will. … Continue Reading


 

 

 

 

Columns

Asterisk No More

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By Samuel Moore-Sobel “Moods come and go, but greatness endures.” These prescient words were uttered by President George H.W. Bush, a man who knows firsthand the truth of his own saying. In 1992, President Bush garnered only 37 percent of …

Second Bull Run

Bull Run Creek

It may not have been a battle, but – seeing as how it was my second attempt at getting a good look at Bull Run Creek – coupled with the fact that I’m a native Northerner – I felt a …

Snowmageddon III?  Seven Survival Tips for Parents

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By Michael Oberschneider, Psy.D. “snOMG,” “snowmageddon,” “snowpocalypse,” and “kaisersnoze” are a few terms to describe what just happened in Northern Virginia. The storm was reported to be the second worst storm on record. And while many children and teens gladly …

What Is a Sport?

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By Mary Rose Lunde On January 10, hundreds of talented dancers from across the East Coast competed at the Universal Dance Academy Regional Championship at West Springfield High School. Tensions were high and the stakes couldn’t have been greater. What …

Six Things to Know to Weather a Market Downturn

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It’s natural to be nervous when the markets head for negative territory. Keep a positive perspective with these six investing reminders. It can be very unsettling for investors when their portfolios and the markets start heading for the red and …

El Nino Evolution

Figure 3. Sea-surface height as inferred by by NASA satellites during the current El Niño (December 27, 2015, at left, from Jason-2) and at a comparable point during the last “super” El Niño (December 28, 1997, at right, from TOPEX/Poseidon). Warmer temperatures in the upper ocean result in higher sea-surface heights, as the seawater expands. In 1997, the above-average sea surface height was generally more intense and peaked in November. In 2015, the area of high sea levels was less pronounced but considerably broader. Image credit: NASA/JPL-Caltech. (see [4])

Figure 1 shows the annual global temperature anomaly since 1980 up to November 2015 using the NASA GISS data set [1]. NASA has not yet published December’s data though BEST has [2] and yes 2015 was the hottest year on …

Editorial

Grief and Greed

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By Matthew Parse What would drive a single individual to cause so much emotional stress and financial burden on hundreds, if not, thousands of families? What would drive the Town …

Op-ed

Oh No, It’s the Christians!

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By Nicholas Reid In the hours and days following every massacre perpetrated by radical Muslims, there is one unifying theme across most news coverage of the massacre, wherever it may …

Dear Editor

Job Well Done!

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Kudos to Town Manager Rob Lohr and his awesome hard working staff. You did a fantastic job of snow removal throughout the Town of Purcellville this past week. Mr. Lohr …

View From the Ridge

An Open Letter to the Citizens of Purcellville

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Mark Your Calendar, They’ve Asked for Our Input So Let’s Give It To Them By Steady and Nobull The Purcellville Planning Commission has tentatively scheduled a series of public input …

Student News

Four Scouts Achieve Eagle Scout Rank

3 Feb 2016

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Joel Gicker, Kyle Siecker, Sam Soltis and David Watson achieved the rank of Eagle Scout at a Court of Honor conducted at Blue Ridge Bible Church in Purcellville on January 9. The four Eagles are members of Troop 711 of …

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8th Grade Writers Honored At Blue Ridge Middle School

2 Jul 2015

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Sixty-seven Blue Ridge Middle School eighth graders have been honored for their writing during the 2014-2015 school year. Many students had their writing selected for publication by Creative Communication, a program for student writers, while others won county-wide writing contests. …

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Ben Kellogg Achieves Eagle Scout

1 Jul 2015

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Benjamin Robert Kellogg achieved the rank of Eagle Scout at a Court of Honor conducted at St. Andrew’s Presbyterian Church in Purcellville on March 29. Friends, family and troop leaders attended the celebration, including his parents, Robert and Deirdre Kellogg. …

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Calendar

February 2016
M T W T F S S
1 2 3

Loudoun Valley Boys Basketball Spirit Night at Coach's Corner

4

Music Together Classes - Winter Session

5

Loudoun Centre Theater: HAIRSPRAY

6

Loudoun Centre Theater: HAIRSPRAY

Notaviva Vineyards - Bluegrass Jam - FREE event

Loudoun Centre Theater: HAIRSPRAY

7

5K Race to Benefit Riverside High School Athletic Department

8 9 10 11

Music Together Classes - Winter Session

12

Loudoun Centre Theater: HAIRSPRAY

13

Loudoun Centre Theater: HAIRSPRAY

14

Gallery Coffeehouse: READERS THEATRE "LOVE LETTERS" BY A. R. GURNEY

15 16 17

Mad Cap Puppets: UNDER THE BONSAI TREE

18 19

LAST HAM STANDING COMEDY IMPROV

20

CHINESE NEW YEAR EVENT: Year Of The Monkey

21

Loudoun Symphony presents A LITTLE CHAMBER MUSIC

Gallery Coffeehouse: THE COMEDY CULT IMPROV

Gallery Coffeehouse: THE COMEDY CULT IMPROV

22 23 24 25 26 27

THE EDGE: Malone Benefit Concert

28

Loudoun School of Ballet Winter Showcase

29 1 2 3 4

VSA of Loudoun Spring Musical: SPECTRUM’S JOURNEY

5

Notaviva Vineyards - Bluegrass Jam - FREE event

VSA of Loudoun Spring Musical: SPECTRUM’S JOURNEY

6

VSA of Loudoun Spring Musical: SPECTRUM’S JOURNEY

GALLERY COFFEEHOUSE: Readers Theatre, 100 Lunches" by Jack Sharkey & Leo Sears

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Lifestyle

Run and Walk To Your Nearest 5K Pregame Event Happening on Super Bowl Day In Leesburg

3 Feb 2016

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There is a new Running Company, the Pace Makers Running Company, in town and they are on a mission to help the local population with their health goals while raising money for selected charities. The race at The National Conference Center in Leesburg on February 7, is to help benefit the Riverside High School Athletic Department. The upcoming race on …

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Lovin’ Leesburg for All Its Beauty

3 Feb 2016

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By Hannah Hager We may be in the thick of winter, but this home on Cherry Spring Lane will melt your heart. Come spring you’ll fully be able to enjoy this simple, yet elegant brick home and its surrounding green pastures enclosed by miles of black wooden fences. Beyond your immediate yard are sweeping views of the mountains and valleys …

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6th Annual Loudoun Grown Expo February 27

3 Feb 2016

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It’s that exciting time of year again for the Sixth Annual Loudoun Grown Expo. The yearly event will take place at the Bush Tabernacle 250 South Nursery Avenue, Purcellville, on February 27 with new expanded hours starting at 10:00 a.m. to 5:00 p.m. There will be wine and beer exhibitors, farm exhibitors, artisans and makers, restaurants and other rural economy …

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Around Virginia

Education Savings Accounts Make Big Move in House

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The Virginia House of Delegates gave a strong push to House Bill 389, Delegate Dave LaRock’s (R-33rd District) innovative Education Savings Account legislation, as the House Education Committee voted 13-9 in favor of advancing the bill forward. “This is definitely an exciting development for parents and students in the Commonwealth,” …

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Kaine to Hold Hearing on Opioid Abuse

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On Monday, February 1, U.S. Senator Tim Kaine, a member of the Senate Special Committee on Aging, will hold a field hearing in Loudoun County to examine the ongoing fight against opioid misuse and abuse among older Americans. Kaine has met with families, law enforcement and business leaders across Virginia …

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Youth Can Apply for 2015 Livestock Exhibitor Scholarships

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Youth who exhibited beef cattle, sheep, meat goats or swine in the 2015 State Fair of Virginia 4-H and FFA youth livestock program are eligible to apply for 12 new scholarships being offered by the State Fair of Virginia. Scholarships will be offered in three age groups: Juniors (9-12), Intermediate …

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Sports

Western Loudon Volleyball Club “Hitmen” Team Finishes Second

3 Feb 2016

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The Western Loudon Volleyball Club U14 boys team, called the “Hitmen,” finished second in a tournament held January 17. This is the first ever boys team for the WLVBC (and only the second boys club in the area). Coach Allan Kotmel led the seven-member team. WLVBC started eight years ago, …

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ODFC West Travel Soccer Program Shines

2 Dec 2015

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The Old Dominion Football Club West boys and girls middle school travel soccer program scored big the weekend of November 21 and 22.  The girls Quest Premier 22 team took home the championship in the U12 Girls Premier Division of the Hunt Country Classic located in Fauquier County. The boys …

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