Independence Day isn’t just about fireworks and barbecues; it’s a celebration of freedom. What better way to honor this day than by taking steps toward your own financial independence? At Anchor Wealth Management, we believe financial freedom is within your reach, and this Independence Day is the perfect time to start your journey. Set Clear…
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Did you know more than 4 out of 10 Americans aren’t saving for retirement, and more than half of Americans feel like they aren’t meeting their retirement goals? The world of retirement planning is ever-evolving, and staying informed about legislative changes is crucial to securing your financial future. The SECURE 2.0 Act is a significant…
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May Captain’s Log What Is Your Financial Independence Number? Do you know your Financial Independence Number (FIN)? Recently, I was listening to a podcast, and it was suggested that 99% of people do not know what their FIN is! The FIN is the amount of money someone needs to save to retire and live comfortably…
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April Captain’s Log How Much Should Someone Keep In A Money Market Or CD? We’ve all heard the analogy “cash is king!” If you’re still working and earning a living while being more than 24 months from retirement, a three- to six-month emergency fund is sufficient. There could be exceptions to this rule if you…
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Whether you’re just starting out in your 20’s and 30’s or basking in the retirement glow of your 60’s and 70’s, Anchor Wealth Management is here to provide insight and advice on how to achieve financial success at every stage of your life. Your 20s: Build the Foundation In your 20s, you’re likely finishing college…
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March Captain’s Log Unlocking Investing Success: The Power Of Diversification And Staying The Course Investors, especially do-it-yourself investors, often grapple with the impulse to chase after the latest shiny investment opportunities. This tendency can lead to strong opinions based on personal beliefs, influencing their investment behavior. Clients must resist the urge to outsmart the power…
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Are you gearing up to purchase your first home? Buy a new car? Have another large expense on the horizon? Whatever your game plans, the key to successful financial planning lies in understanding the ins and outs of interest rates. Much like the external factors that influence the rise and fall of the ocean, interest…
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Effectively managing your money helps pave the way for a secure retirement and many financial advisors would say that process should begin when you start earning your first paycheck. But when is the right time to begin working with a financial advisor? Are there minimum assets needed before scheduling that first meeting? The bottom line…
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For many people, January ’tis the season for paying off holiday bills. In a world that constantly bombards us with advertisements and temptations to spend, the idea of a “No Spend Month” may seem challenging or even daunting. However, this financial challenge is not about depriving yourself of necessities; it’s about making conscious choices to…
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December Captain’s Log A Peak Ahead To 2024 What does history tell us about the performance of the S&P 500 during U.S. Presidential Election Years? One common narrative floating around by media and perception of investors is that an election year is perceived to provide negative returns. I can think of a list of things…
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