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Ramifications of taking out a loan against your 401k

By Michelle Boisvert Taking a loan against your 401k plan may feel like a safe option in situations of financial need. A loan against your 401k is not a traditional loan in the sense that there is no lender (they are your assets) and the loan is not measured against your credit score. Those two…

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How to perform as an executor and the things to be aware of

By Chris Perry If you have been asked to serve as an executor of an estate or, worse, were surprised with the honor of being an executor, here are five things to consider before taking on the responsibility that has been asked of you. 1. Your Own Financial Knowledge. As executor, in addition to making…

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DOL Law Updates; Why We’re Asking More Questions

By Andrew Burgess Anchor Wealth helps clients create comprehensive financial plans. A comprehensive financial plan considers all the areas of our client’s financial life, the past, present, and future. To create a plan that is comprehensive we must understand past behaviors, current assets, and future goals. Getting that complete understanding starts by establishing a relationship…

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Anchor Wealth’s Company Values Explained

By Adam Ludwig I started Anchor Wealth Management as a way to fulfill my personal mission. I have two drivers that have motivated my career. I want to help people succeed and I want to build a life with my family in which work doesn’t consume me. I believe these two things are intrinsically linked.…

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What Happens to My Financial Plan After a Divorce?

Shane Stuart, Financial Advisor If you and your spouse have come to the conclusion that divorce is your only path forward there are some practical steps that you can take to make sure that the assets that are now held together are legally retained by the right individuals.   Build a Team of Professionals  Divorce is…

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Avoid the College Credit Card Trap

Dan Leonard, Lead Planning and Trading Associate College is a formative time in the lives of those who choose that path. For many, it is their first taste of life away from their parents and their first experience of true autonomy. After four years, most college graduates would tell you that the lessons outside of…

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Stay The Course During Market Volatility

Michelle Boisvert, AFIM, Sr. Wealth Advisor Miss Mary Mack Mack Mack. All dressed in black black black. With silver buttons buttons buttons All down her back back back. If you finished this rhyme in your head then you probably spent a lot of your childhood recesses like me, in the double Dutch line. These little…

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My Parents Are Aging, What Should I Be Doing?

Jared Arthur Clay, Attorney, Reno & Zahm Do you remember the choose your own adventure books we read as kids? In the stories, the protagonist would face a choice and you as the reader would make that decision for them and read on to see how it affected the outcome. Does the knight battle the…

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Gifting Change For Calendar Year 2022

Chris Perry, CFP®, CTFA, Wealth Advisor Cue David Bowie’s 1972 hit song, Changes. You are probably familiar with the opening lyric of the chorus; “Ch-ch-ch-changes.” You may not be familiar with the rest of the lyrics and that’s perfectly fine because they don’t make a lot of sense and they are in no way relevant…

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5 Things to Know About Long-Term Care

Adam Ludwig, CEO/Wealth Advisor Talking about your retirement can be a fun endeavor. It’s a time to think about what life can look like when you have the freedom to do whatever you want. Because it should be a time to dream, there is a topic that people like to avoid during their retirement planning.…

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