The holidays have a way of sneaking up on us. One minute it’s pumpkin spice season, and the next you’re wondering how your Christmas budget disappeared faster than the last cookie on the plate. It’s easy to get caught up in the spirit of giving, but come January, those credit card bills can put a…
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Captain’s Log Staying Calm During the Government Shutdown As I write this, the government has been shut down for nine days and counting. The Kalshi betting markets currently estimate it could last around 25 days. The fact that people can bet on things like this is a bit wild—but then again, maybe they should find…
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Captain’s Log A Smart Move at Age 59½ Did you know that once you turn 59½, most retirement plans allow you to take what’s called an in-service distribution? In plain terms, this means you can roll money out of your employer’s plan and into an IRA—without leaving your job. Why does this matter? Proactive Management:…
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Captain’s Log The Loss of Purchasing Power on Excess Cash, CDs, and Money Market Holdings: A Look Back at 2020–2024 I remain fascinated—not by clients’ and prospects’ decisions to hold excess cash beyond their emergency funds and upcoming large purchases—but by the reasons behind them. Often, it’s due to fear of losing principal, the safety…
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Captain’s Log The Hidden Cost of Cash: How Inflation Erodes Your Purchasing Power At Anchor Wealth, we encourage our clients to maintain cash savings at their banks for emergency funds, sinking funds, and large expenses expected within the next 12 months. Recommended Cash Allocations: Emergency Fund – Maintain 3 to 6 months of living expenses.…
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Investing can feel like a roller coaster, there are ups, downs, and a lot of noise along the way. Every day, there’s something new grabbing headlines: the latest stock craze, a hot new crypto coin, or a friend swearing by the “next big thing.” It’s tempting to jump on the bandwagon. But here’s a simple…
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Life has a way of throwing curveballs when we least expect them. Whether it’s an unexpected medical expense, job loss, or a sudden change in family dynamics, being financially prepared can make all the difference. No one can predict when a financial emergency might arise, but having a plan in place ensures you’re ready to…
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December Captain’s Log Merry Christmas! The team at Anchor Wealth wishes you a very Merry Christmas and a safe,happy New Year! We are deeply grateful to serve each of you—our clientsare the reason we do what we do. As the year comes to a close, take a moment to reflect on the successes of2024 and…
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When it comes to financial stability, many of us feel like we’re swimming upstream. Mounting bills, unexpected expenses, and the overwhelming world of financial planning can leave even the most organized individuals feeling stressed. But financial peace is achievable—it just takes a plan and the right mindset. One of the most effective tools to help…
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November Captain’s Log Three Things Changing in 2025 for Retirement Savings, and Year-End 2024 Reminders Super-sized 401(k) Catch-Up Contributions for Ages 60 to 63 Introduced in 2001 under President George W. Bush, catch-up contributions allow employees aged 50 and older to make additional deposits into their tax-advantaged retirement accounts. These limits are adjusted for inflation…
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