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Steps to Roll Over a 401(k)

Most of us know that a 401(k) is a type of retirement savings account that is set up and managed by your employer or a firm hired by your employer. Since 401(k)s came into existence in 1978, they have become one of the most popular ways for many Americans to save for retirement. Many employers…

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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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6 Things A Financial Advisor Can Do For You

Here at Anchor Wealth Management, we are proud to be the financial advisory team that you can count on. Some of our clients come to us knowing exactly what they want. Others, though, are unsure what type of financial services they need. We often get the question, “What can you do to help me?” The…

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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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What Is Financial Planning and Forecasting?

Financial planning and forecasting are a key part of any person’s life. From a very young age, we’re taught that money doesn’t grow on trees and that it’s a finite resource. As such we have to invest both time and money to ensure our long-term financial success. We’re also taught that it’s better to be…

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Which Type Of Investment Is Right For You?

Investing is something that we all do whether we realize it or not. When we attend college or some other type of higher education, we’re not only investing money but we’re investing time in hopes that it will pay off in the future. If you’re looking to buy a new car, you’ve probably done your…

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Financial Planning In Lanark: Start With These Three Basics

INVESTMENTS LANARK Wealth management is an important part of life, both now and in planning for the future. For some, financial planning begins with their first high school job. Others may start planning with their first career. Still others may wait to intentionally manage their wealth later in their years. It is never “too late”…

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Most Common Retirement Planning Concerns and How to Address Them

FINANCIAL PLANNING LANARK Retirement can be one of the most enjoyable stages in your life. You work hard throughout your career so you can eventually live your life without the nine to five grind every day. As with any major life change, the shift into retirement can be a bit anxiety inducing. There are looming…

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