It can seem weird when, as a child, you are advising your parents. However, as your parents age, they come to depend upon you more to help them with things such as shoveling the driveway, picking up their prescription medications, and more. One topic that you might have to broach with your parents i…Read More
Credit cards have only been around for 100 years. They began innocently enough, with the goal of allowing you to pay for purchases at limited stores without having to have cash. Diners' Club was the first universal credit card that made its appearance in 1950. It gave people the ability to dine at r…Read More
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 will …Read More
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 …Read More
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 of…Read More
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 diff…Read More
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 loa…Read More
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 Read More
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 you…Read More