Akeem Prosser Financial Advisor

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Below $400K in business income: standard planning works fine.Above it: three tax rules change — and most advisors don't ...
06/01/2026

Below $400K in business income: standard planning works fine.
Above it: three tax rules change — and most advisors don't flag them until it's too late.

If you're a Virginia Beach business owner or defense contractor crossing that threshold, here's what shifts:

1. Additional Medicare Tax (0.9%)
On income above $200K (single) or $250K (married), you owe an extra 0.9% Medicare surtax. It's separate from F**A and often missed in annual projections.

2. QBI Deduction phase-out
The Qualified Business Income deduction — up to 20% of your pass-through income — starts to disappear for service businesses above $182,050 (single) or $364,200 (married). Above those levels, your entity structure determines how much you keep.

3. Net Investment Income Tax (3.8%)
Dividends, capital gains, and rental income get hit with an additional 3.8% NIIT once your modified AGI crosses $200K (single) or $250K (married). A large capital gain near the threshold can trigger this without warning.

None of these thresholds are secrets.
But they require planning in the year before you cross them — not in April after you already have.

Which of these three did your advisor mention this year?

Save this for your next planning conversation.

I've reviewed hundreds of business succession plans. Most fail on the same thing.It's not the legal documents. It's not ...
05/27/2026

I've reviewed hundreds of business succession plans. Most fail on the same thing.

It's not the legal documents. It's not the valuation. It's that nobody ever told the key employees.

When a business transitions without advance communication to the team, the best people leave within the first 6 months — almost every time.

The financial plan for succession often ignores the human capital side entirely.

Owners spend months on the buy-sell agreement, the valuation formula, the tax strategy.

And then the day the transition begins, the three people who make the business run start sending out résumés.

Here's the conversation most owners avoid:

"If I step back from this business, here's what it means for you. Here's your role in the transition. Here's why this firm has a future without me running it day to day."

That conversation — not the legal document — is what determines whether a succession actually works.

Key employees stay when they have certainty about their own future.
They leave when they have ambiguity.

The succession plan isn't just a financial document. It's a communication plan.

Have you had this conversation with your team yet?

05/27/2026

Last week, U.S. markets extended their rally to an eighth straight week, supported by strong earnings. While equities gained, the macro backdrop remained mixed marked by a flattening yield curve and declining consumer sentiment amid ongoing inflation concerns. Learn more with this week’s market perspective.

Planning for a home or property? Download the guide for key considerations. Then, let’s talk about how it fits into your...
05/26/2026

Planning for a home or property? Download the guide for key considerations. Then, let’s talk about how it fits into your financial strategy.

https://bit.ly/4dJCMcd

Your W-2 stopped. Your FEHB stopped. Your TSP employer match stopped.Most contractors don't realize how fast their finan...
05/19/2026

Your W-2 stopped. Your FEHB stopped. Your TSP employer match stopped.
Most contractors don't realize how fast their financial foundation shifts when a contract ends.

Government contractors in Hampton Roads carry a unique income risk that traditional financial planning almost never addresses: contract discontinuity.

Unlike federal civilians, you have no pension backstop, no guaranteed sick leave, and no automatic benefits bridge.

A 90-day contract gap can set a retirement plan back 12–18 months — if you're not structured for it.

3 financial buffers every active contractor needs before they need them:

1. A personal cash reserve of 6–9 months — not 3. Contract re-competes and agency pivots can run 90–120 days or longer.

2. Portable benefits coverage. Know your private health plan options before the gap, not during it.

3. Retirement contributions that don't depend on your employer's match. A Solo 401(k) or SEP-IRA keeps your savings on track regardless of contract status.

The contractors who come through gaps in the best shape aren't the ones who earned the most.
They're the ones who planned for the gap before it happened.

What's the longest contract gap you've navigated? Drop it below.

05/19/2026

Markets were mixed last week. An early AI-driven rally faded into a Friday selloff as rising yields and oil prices renewed inflation concerns. The S&P 500 edged higher on solid earnings and economic data, but sentiment weakened late in the week, highlighting a fragile balance between growth optimism and inflation risks. For more insights, check out this week's market perspective.

05/11/2026

Last week, U.S. equities continued to reach new highs, supported by a resilient labor market. Treasury yields declined modestly amid mixed data, reinforcing expectations of a patient Fed. Economic signals were mixed, with strong job growth offset by weaker consumer sentiment tied to inflation and geopolitical concerns. Read this week’s market perspective to learn more.

If a home or future property is part of your goals, I can help you see how it fits into your financial strategy. Downlo...
05/07/2026

If a home or future property is part of your goals, I can help you see how it fits into your financial strategy. Download this guide to assess your financial readiness.

https://bit.ly/4tVGbLU

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222 Central Park Ave
Virginia Beach, VA
23462

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