As most parents of college-bound children just sent their students off for the year ahead, it’s essential to revisit your college savings strategy for your children, particularly with some new changes that took effect in 2024. Why College Savings Plans Matter College is a significant financial commitment, and planning ahead is crucial to keep costs…
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August Captain’s Log Make Sure to Enjoy the Road to Financial Independence I have been blessed to have thousands of different conversations with my clients about the purpose of their money over the last nearly 20 years. All of the answers from clients to a question such as, “What is important about money to you?”…
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As summer winds down, it’s the perfect opportunity for retirees to take a step back and revisit their financial goals. Conducting a mid-year financial check-up can allow you to make any necessary adjustments before the year ends. Here are five easy steps to ensure your retirement plans are right on track: 1. Give Your Budget…
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July Captain’s Log Gratitude! As we near the end of July, I can’t help but marvel at how quickly time passes and how much we’ve accomplished. On behalf of all the team members at Anchor Wealth Management, I want to extend a heartfelt thank you. The momentum we’ve built is truly inspiring, with our team…
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June Captain’s Log Wealth Management in an Election Year One of my favorite holidays of the year, second only to Christmas, is July 4th! It’s a time to remember all those who came before us and the sacrifices that have been made. It’s a time to appreciate that we are free and live in the…
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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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February Captain’s Log Mitigating Federal And State Estate Taxes Through Proper Planning And Communication An initiative at Anchor Wealth in 2024 is to have proactive conversations with our clients who may be affected by estate taxes upon their passing. Often, clients are unaware that certain states impose estate or inheritance taxes in addition to federal…
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January Captain’s Log Building A Purposeful Financial Journey With Clients Happy New Year! Anchor Wealth Management had an incredible 2023, exceeding expectations and building meaningful connections with clients. My vision for 2024 is inspiring—helping clients better understand the purpose of their money and aligning it with their unique goals and aspirations. The approach of asking…
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