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Financial Advice for Recent College Graduates

We’ve heard the jokes about searching for work after college in this day and age. The job postings read something along the lines of:  Entry-level position  Minimum 7 years of experience  Master’s degree or higher  No paid time off or health insurance  $10/hr.  “Experience?” you say. “I need experience to get experience. But that’s where…

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What is a Bear Market and Should I Be Worried When It Happens?

When you turn on the news, you’ll hear a lot of investment talk. Frequently they use terms and jargon that they assume the person watching understands. Unless you are watching a beginner show, you are expected to know what the Dow Jones Industrial Average is, what’s buying on margin, and what’s the moving average. Most…

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Best Tax Savings Investments You Can Make

With tax season right around the corner, some of you may be a bit nervous. While 2020 has definitely been a different kind of year with some great tax breaks and incentives, paying taxes is still something most of us do not particularly enjoy. However, when you plan for your taxes by making the best…

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What is Wealth Management?

What is wealth management? We get this question a lot. After all, our company’s name is Anchor Wealth Management, so it invites the question. Anchor Wealth Management is a financial services company with two offices, one in Rockford and one in Lanark, to better serve you. We are passionate about helping people save and plan…

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Long-Term Care & Estate Planning

As you get older, you begin to start looking towards retirement and all the things you are going to do when you finally get to retire. With that being said, you also start thinking about long-term care and what you want to happen to your assets after you pass. This process is collectively known as…

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Determining How Much You Need to Retire

We all know we have to save for retirement, and most of us do. The most common ways to save for retirement are 401(k)s, Roth IRAs, or mutual funds. But how much do you actually need to be able to retire and live well? Anchor Wealth Management is an investment planning company that specializes in…

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5 Ways To Work Towards Financial Health

As much as we’d like to ignore finances, it’s an inevitable part of living. That’s because in order to have the things you want in this world: food, clothing, shelter, beach vacations, cats, dogs, and the like, you have to pay with them from the money you earn. Thus, managing your money so that you…

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First Things First: How To Build Your Emergency Savings

There are many aspects and components to financial planning, from savings and investments to long-term care and life insurance needs. All of these pieces together form a comprehensive financial plan that will help you meet your goals for the future. The wealth advisors at Anchor Wealth Management offer comprehensive financial planning services that ensure both…

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Comparing Term and Whole Life Insurance

For something that’s so important, it’s hard to imagine why insurance can be so complicated, especially when it comes to life insurance. The general idea of insurance is to provide you with financial coverage when faced with an accident or unforeseen event. However, due to high premiums and difficulty understanding different policies, people often find…

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How Parents Can Save For Their Kid’s Education

If you’re a parent looking to plan for your child’s future education, the sooner you can start, the better. With rising tuition rates and plenty of other unpredictable costs, it’s hard to tell exactly how much you’re going to need, so it’s best to plan for the worst. Relying on student loans can often lead…

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