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Six Things to Know to Weather a Market Downturn

February 3, 2016 Amy and Dan Smith, Columns Comments Off on Six Things to Know to Weather a Market Downturn

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

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

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

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

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

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

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

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

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

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

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

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

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









2016 Energy Summit – George Washington University


On Friday evening, October 28, George Washington University, Virginia Campus in Ashburn will host the 10th annual Don Sandros Energy Summit in cooperation with local businesses and non-profits. Doors open at 6:00 p.m. for a reception with wine donated by …

Attributing Disaster


“Humans are likely to create a catastrophe, and possibly an associated disaster, that vastly exceeds our own ability to recover from it. In the face of all our efforts, it will persist.” – Richard Guthrie [1] “Here we show that …

Concerned Parent


By Michael Oberschenider Psy.D. Dr. Mike, We recently signed our four-year-old daughter up for gymnastics. It wasn’t cheap, but her friends from the neighborhood do it, and she has been begging us to go. It turned out to be a …

Invisible Illnesses

Lunde new

By Mary Rose Lunde It is general knowledge that when people think about illnesses, they don’t think about illnesses that aren’t physically apparent. Sure, people know about conditions such as multiple sclerosis and other diseases with visible symptoms, but many …

Robinson Park

robinson park

Looking back, now – I’m glad it wasn’t what most people would’ve considered a nice day; I don’t know about you, but I’ve had my share of hot and sunny to last me for at least a generation (especially since …

Are Your Estate and Financial Plans Shock-Proof?


Don’t wait until “what if?” becomes “what is.” Where will you live as you age? Think about your housing options now, so you have choices and won’t have to make a hasty decision should an unexpected health event force you …

In Defense of ‘Adulting’


By Samuel Moore-Sobel Most friends transitioning from college to the workforce long for the days of college, wishing to be back in class and participating in campus life. To be honest, I may be in the minority, but I have …

Student News

Congratulations, Class of 2016

6 Jul 2016


Woodgrove High School’s Class Of 2016 Graduation – By Amanda Clark On June 16, Woodgrove’s Class of 2016 was the 5th graduating class to walk the stage and accept their diploma. The ceremony was filled with anticipation as the chorus, …

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Buckland Earns Degree In Medicine

6 Jul 2016


Molly Buckland, D.O., graduated from the West Virginia School of Osteopathic Medicine with a degree of Doctor of Osteopathic Medicine on May 28. While at WVSOM, Dr. Buckland received the Dr. Roland P. Sharp President’s Award and the James R. …

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Adams Promoted To Lieutenant

6 Jul 2016


Lt. James Adams, from Sterling and a Potomac Falls Halls Graduate, earned the promotion to the rank of Lieutenant. Adams is a Navy Week and Executive Outreach Planner for the Navy Office of Community Outreach in Millington, Tennessee. U.S. Navy …

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October 2016
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
September 26, 2016

Dreams of Trees and Other Living Things

September 27, 2016

Dreams of Trees and Other Living Things

September 28, 2016

Dreams of Trees and Other Living Things

September 29, 2016

Dreams of Trees and Other Living Things

September 30, 2016

Dreams of Trees and Other Living Things

October 1, 2016

Notaviva Vineyards - Bluegrass Jam - FREE event

October 2, 2016
October 3, 2016 October 4, 2016 October 5, 2016 October 6, 2016 October 7, 2016 October 8, 2016

Virginia Outdoors Foundation 50 years of Conservation Celebration

October 9, 2016
October 10, 2016 October 11, 2016 October 12, 2016

Barefoot Puppets: Dreamtime, Tales From Down Under

October 13, 2016 October 14, 2016 October 15, 2016

Loudoun Centre Theatre: The Scamps Of Scapin!

October 16, 2016

Harvest Celebration & Fall Farm Tour


October 17, 2016 October 18, 2016 October 19, 2016 October 20, 2016 October 21, 2016

Anthony Semiao Live at North Gate Vineyard


October 22, 2016 October 23, 2016

Come Paint with us at Breaux Vineyards

October 24, 2016 October 25, 2016 October 26, 2016 October 27, 2016 October 28, 2016

October Fourth Friday

October 29, 2016

2 Pound Sterling Live at North Gate VIneyard

October 30, 2016

Music With A Cause - Music of Colonial America

October 31, 2016 November 1, 2016 November 2, 2016 November 3, 2016 November 4, 2016 November 5, 2016

OysterFest at North Gate Vineyard

Notaviva Vineyards - Bluegrass Jam - FREE event

November 6, 2016
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Leesburg-Daybreak Rotary Club Sends Supplies and Funds to Haiti

24 Oct 2016


The Rotary Club of Leesburg-Daybreak shipped water purification supplies and emergency funds to Haiti following the devastation caused by Hurricane Matthew. Partnering with an anonymous local corporation, the club shipped 3,000 water purification tablet packages via FedEx to Haiti. These packages, which were sent to an area battling a cholera outbreak, will clean 3,000 liters of unsafe water. Instructions translated …

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Veteran’s Day 10k Raises Funds for Veteran Causes

13 Oct 2016


On November 6, the Loudoun County Road Runners Club will again conduct the annual Loudoun 10K Trail Race in order to raise funds for veteran causes. Since it’s origin in 2011, the trail race has generated more than $90,000 with 100 percent of proceeds going directly to veteran’s charities, specifically Boulder Crest Retreat and Pets for Vets.

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FBRM Clean-Up Day at Blue Ridge Regional Park

6 Oct 2016


Join Friends of the Blue Ridge Mountains for an Autumn clean-up to remove invasive vegetation from Blue Ridge Regional Park on Saturday, Oct. 15 from 10:00 a.m. to 2:00 p.m. Some tools and equipment will be provided, but please bring your clippers, pruning shears, or saws if you can. Directions: From Leesburg, drive west on Route 7 past the turnoff …

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Grief and Greed


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 …


Opinion: Terrorism, Debt, and China: Oh My!


– By Nick Reid world can be a very dangerous place sometimes, especially for a nation state such as the United States. Although danger is always present, the number and …

Metro Money Mess Pushing West


– By Delegate Dave LaRock (R-33rd) A local paper recently quoted Loudoun Board Chair Phyllis Randall as saying that in her observation “some of the concerns raised by the people …

Dear Editor

New Proposed Uses for Western Loudoun

Loudoun County Seal Color

If you live in the middle or western part of Loudoun where you enjoy a parcel of open space near your property (which probably was put into an open space …

Bennett Knows How To Make Economy Work for All


In the election for the 10th District House seat, only one candidate has a more than three decades of success growing a local business. As the owner of a successful …

View From the Ridge

Broken Promises, Hidden by a Six-Foot Berm


By Andrea Gaines On August 9, 1825 at the age of 69, French military officer the Marquis de Lafayette was honored in Leesburg by former President James Monroe. The French-born …

Around Virginia

History’s Holy Places: Four Local Sites Worth Exploring This Fall


The Journey through Hallowed Ground is a 180-mile long, 75-mile wide trek from Gettysburg to Monticello, encompassing nine presidential homes and places, 18 national and state parks, and thousands of small and large historical sites. Dozens and dozens of these sites and related museums are short ride from just about …

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Land Trust Receives Large Donation

land trust

On August 22, The Land Trust of Virginia received a $10,000 gift from the Sharon D. Virts Foundation, based in Herndon. The presentation of this grant was part of the Foundation’s official launch event, held at Selma Plantation in Leesburg. Notable speakers included Sharon D. Virts, FCiFederal Founder and Chair, …

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Farmers Urged To Be On The Lookout For Marijuana


Farmers in Southwest Virginia are being urged to check their property for marijuana planted by trespassers. Within the past year, hundreds of marijuana plants have been discovered between rows of hay bales on farms in and around Pulaski County, according to the Claytor Lake Regional Drug Task Force. “Unfortunately this …

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Hunter’s First Professional Race

7 Sep 2016


Drew Hunter and Loudoun Valley classmates at his first professional race, Sir Walter Miler in Raleigh, NC in early August , l to r:  Marcos Pierce, Matt Slook, Drew Hunter, Max McNerney. Hunter finished with a time of 3:57.15. Hunter turned professional and signed with Adidas.

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Let’s Make Some Memories

3 Aug 2016


American Legion Baseball At Fireman’s Field, August 3 – 7 By Andrea Gaines American Legion Baseball is here at Fireman’s Field in a big way, featuring five consecutive blockbuster Mid-Atlantic Tournament games – August 3, 4, 5, 6 and 7. Our local Leesburg Post 34 Rangers had some nice wins …

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