If you’re just getting started on your taxes in April, the honest answer is: you’re late. But you’re not out of options. While many of the best tax strategies require year-round planning, there are still a few meaningful steps you can take before the filing deadline, and even more importantly, steps you can take now…
Captain’s Log Are CDs Really “Safe” Right Now? Interest rates are beginning to drop — and CD rates are already falling. In some cases, banks lowered CD yields before the Fed even moved because they anticipated what was coming. That raises an important question: If inflation is 3% and your CD is earning about the…
Spring is the season of fresh starts. As you clean out closets, organize your garage, and open windows to let in fresh air, don’t forget one area that could benefit just as much from a reset — your finances. A financial spring cleaning gives you a chance to refocus your strategy, eliminate unnecessary clutter, and…
Captain’s Log What Does Your Money Need to Do for You in the Next 12 Months? At Anchor Wealth, we believe money is not the goal. It is a tool. A tool that provides security. A tool that creates freedom from worry. A tool that gives you options when life presents opportunities—or challenges. As we…
Most people approach retirement planning with good intentions: you save diligently, invest consistently, try to picture what life will look like after your working years. But even the most thoughtful plan can overlook a few major factors that have a significant impact on your long-term financial stability. Health Care Costs Before and After Medicare Health…
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…
Captain’s Log How the “Big Beautiful Bill” Affects Your Financial Plan On July 4, 2025, the federal government passed the One Big Beautiful Bill Act—a sweeping new law that impacts taxes, retirement, business ownership, employee compensation, and federal benefits. Because these changes often include complex rules like phase-outs and limits, it’s important to understand…
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…
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.…
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…