Akeem Prosser Financial Advisor

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You left federal service. Your TSP stayed behind.Here's what to do — and what to definitely not do.Hampton Roads has tho...
06/03/2026

You left federal service. Your TSP stayed behind.
Here's what to do — and what to definitely not do.

Hampton Roads has thousands of professionals who made this transition. Most of them had no idea what to do with their TSP when they left.

4 decisions every departing federal employee needs to make:

1. Leave it in the TSP
The G Fund is the only investment in the world with a government-backed principal guarantee and a real return. If your new employer plan has weak fund options, staying put may be the right move.

2. Roll it to an IRA
More investment options. Better coordination with your estate plan. Tax-free if done as a direct transfer — not a distribution. (Never take the distribution.)

3. Roll it to a Solo 401(k) or new employer plan
Consolidates your accounts and simplifies RMD planning down the road. Check whether your new plan accepts incoming rollovers.

4. Convert to Roth
If you're in a lower-income year post-transition, a Roth conversion can be powerful. You pay tax now. Future growth is tax-free. Timing this correctly matters.

The wrong move can create a five-figure tax bill in the year you were already managing a transition.
The right move is different for every person.

If you've made this transition, what do you wish you'd known about your TSP first?

Send this to someone who just left federal service.

06/01/2026

Last week, U.S. equities pushed to new highs, supported by geopolitical optimism and AI-driven earnings. Bonds rallied as lower energy prices eased inflation concerns, while economic data was mixed—persistent inflation alongside resilient growth. Check out this week’s market perspective to learn more.

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.

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222 Central Park Avenue
Virginia Beach, VA
23462

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