Pros and Cons of a Big Tax Refund
Many people view their annual tax refund as a bonus or windfall to use as they wish. This timely video encourages you to consider how you might use a tax refund to help better yourself financially - e.g., by paying…
CFA Recognized as One of Baltimore’s Top Financial Advisors
We are proud to be recognized by Expertise as one of Baltimore’s Top Financial Advisors! That’s no secret to our clients who have trusted in our fiduciary based services for 20 years. As we celebrate 20 years in business, we…
Deciding What to Do with Your 401(k) Plan When You Change Jobs
When you change jobs, you need to decide what to do with the money in your 401(k) plan. Should you leave it where it is, or take it with you? Should you roll the money over into an IRA or…
Today is Valentine’s Day – February 14th 2018
HAPPY VALENTINE’S DAY - to you and all of your loved ones from all of us at Chesapeake Financial Advisors. Celebrate and embrace your life; no one will care as much about your journey in life as you - so…
Tax Cuts and Jobs Act: 529 Plans Expanded
In December 2017, the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax-cut package, became law. College students and their parents dodged a major bullet with the legislation, as initial drafts of the bill included the elimination of Coverdell…
Tax Filing Season is Here – Things for Taxpayers to Consider
All financial advisors, CPAs and tax preparers are not created equal! At Chesapeake Financial Advisors, we combine our expertise in financial planning and taxes to provide clients with a service level that provides them with tax advice and preparation that…
2017 Q4 Market Commentary
It was quite a year driven by earnings growth and the hope and realization of deregulation and tax-reform. We began the year at 2,238.83 on the S&P 500 following earnings of $106.26 for 2016. In 2017 those earnings rose to…
Tax Refunds in 2018
Refunds in 2018 Choosing e-file and direct deposit for refunds remains the fastest and safest way to file an accurate income tax return and receive a refund. The IRS expects more than four out of five tax returns will be…
Tax Filing Season Begins Jan 29th Tax Returns Due April 17th
Tax Filing Season Begins Jan. 29, Tax Returns Due April 17 The IRS will begin accepting tax returns on Jan. 29, 2018 with nearly 155 million individual tax returns expected to be filed in 2018. The nation’s tax deadline will…
2018 Retirement Plan Contribution Limit Increases
The beginning of the New Year brings increases to the contribution limits for 401k, 403b, and 457 plans. You can now contribute up to $18,500. This is an increase of $500 from 2017. Additionally, if you are over the age…