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Wealth Transfer: Shifting Assets Through Beneficiaries, Trusts, Succession Planning And The Tax Implications.

Parents are masterful at assessing the potential consequences associated with giving a gift. Gifting your child a baseball bat increases the likelihood of a broken window, gifting a child a drum set decreases the possibility of a quiet night at home, and gifting a puppy means, well, now you have a puppy to care for…

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Anchor Wealth’s Company Values Explained

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. Finances are among…

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4th Quarter 2022 Newsletter

Financial Planning In Times Of Uncertainty In 2020, the word unprecedented was thrown around like confetti. It found its way into everything. Two years later, a different kind of ‘un’ rules our world—uncertainty. Big questions loom in the minds of a lot of investors and the answers have implications on their financial plans and their…

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What Happens to My Financial Plan After a Divorce?

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 an emotional topic, there…

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Avoid the College Credit Card Trap

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 the classroom can be just as valuable…

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My Parents Are Aging, What Should I Be Doing?

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 dragon or flee to safety? Your decision…

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Stay The Course During Market Volatility

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 rhymes served an important purpose in…

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9 Steps to Creating a Solid Financial Plan

Does the thought of your financial future leave you uncertain or anxious? Many people feel this way because they do not have a solid financial plan in place. A comprehensive financial plan is a road map that sets you on the path to reaching your life goals. Developing a plan helps reduce the stress that…

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Tips for Traveling with a Debit Card: Prevent Post-Vacation Financial Woes

Nobody wants to spend their hard-earned vacation stressing about every single purchase. But coming home over budget can cause you financial headaches long after the tan lines have faded. Traveling with large sums of cash isn’t always safe or practical, making the envelope strategy difficult to employ. Using a debit or credit card is the…

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You Need An Emergency Fund. Here’s Why.

As a financial advisor, I’ve always thought that there is a lot that I could learn from fire marshals. On the surface, we have very different jobs but at the core, we are both interested in helping those we serve prepare for a moment that hopefully will never happen. But while the intent is the…

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