Question: Should I change my 401k deferral from the pre-tax contribution to the ROTH option?

Answer: It depends.  The benefit of the pre-tax contribution is that it immediately reduces your income taxes when you make the contribution.  It reduces your tax withholding on every paycheck so some of your contribution is actually coming from money which would otherwise go to the state and federal government.  When you receive the benefits later in life … [Read more...]

October Sales Tax Holiday

If you are in the market for a new appliance, be sure to check this out right away.  Beginning today, October 11th, purchases of certain WaterSense and Energy Star qualified products are exempt from Virginia sales tax.  This tax holiday will last until midnight on Monday, October 14th.  Many items including, but not limited to dishwashers, refrigerators, … [Read more...]