Should You Retire at the Same Time As Your Spouse?

by Old Dominion Capital Management on

If you and your spouse are making plans to retire, you’re probably wondering whether it’s a good idea to retire at the same time. Many couples go through the same thought process and, in fact, one in four couples quit their jobs within a year of each other. But retirement is a decision that should...

What are the benefits of Diversifying my Investments?

by Old Dominion Capital Management on

Diversification is one of the cornerstones of traditional investment advice. The most common saying we hear is “never put all your eggs in one basket” and the moral holds true. Markets go up and down through economic change, business cycles, and a wide variety of factors changing investment outcomes...

Paying fees for professional investment management is something we’d all like to avoid. Why pay for some guy in a suit to manage your investments when you can do-it-yourself with a simple online brokerage account? There are many reasons to trust a professional - read on to find out whether it’s...

The Basics of Paycheck Protection Program Loans: Round Two

by Old Dominion Capital Management on

The year 2020 was unprecedented for so many reasons—all because of the COVID-19 pandemic. Many suffered from job losses, had to juggle childcare while working from home, and tried to keep their small businesses open with few resources. Thankfully, the Coronavirus Aid, Relief, and Economic Security...

What are Employee Stock Options, and why should I care?

by Old Dominion Capital Management on

As a young gun in the industry, you might not care about your employee stock options, but for those who pay attention, the benefits are enormous. In this article we are going to look at two things, first what exactly are employee stock options, and secondly why you should care and take advantage of...

Welcome to 2021!

by Old Dominion Capital Management on

Although almost everyone is glad to say goodbye to 2020, if January 2021 is any indication, it looks as though the New Year may very will  hold challenges of its own - politically, socially and economically.

In March of 2020, when the markets initially sold off as a result of the COVID-19...

Is a Reverse Mortgage a Smart Path to Extra Retirement Cash Flow?

by Old Dominion Capital Management on
If you’re over the age of 62 and in need of some extra cash flow in your retirement, you may be considering a reverse mortgage. Borrowing money from your home equity might sound like a good idea, but is it actually a wise move financially? Here are some things to consider when making the decision to take out a reverse mortgage on your home.

Navigating a Financial Crisis

by Old Dominion Capital Management on

During a crisis, you need answers, and your financial advisor knows this. It is a scramble to find the right information, and sometimes you do not even know whom to call. So, what do you do? Well, luckily for you, we have spent some time thinking about this and have come up with some of the most...

ODCM update

by Old Dominion Capital Management on

We hope this finds you and your loved ones healthy and well during what continues to be an incredibly difficult time for our nation and the world.  This year has been like no other in our history as we continue to adapt to COVID-19 and to the changing guidance from our public health experts.  Amid...

5 Year-End Tax Planning Opportunities for the Savvy Investor

by Old Dominion Capital Management on

Following a solid tax planning strategy throughout the year is an integral part of any financial plan, but there are special considerations to make as the year comes to a close that can help maximize your refund or minimize your liability.

Are you taking advantage of the following tax-saving...