We’ve heard the jokes about searching for work after college in this day and age. The job postings read something along the lines of: Entry-level position Minimum 7 years of experience Master’s degree or higher No paid time off or health insurance $10/hr. “Experience?” you say. “I need experience to get experience. But that’s where…
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When you turn on the news, you’ll hear a lot of investment talk. Frequently they use terms and jargon that they assume the person watching understands. Unless you are watching a beginner show, you are expected to know what the Dow Jones Industrial Average is, what’s buying on margin, and what’s the moving average. Most…
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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 is estate…
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With tax season right around the corner, some of you may be a bit nervous. While 2020 has definitely been a different kind of year with some great tax breaks and incentives, paying taxes is still something most of us do not particularly enjoy. However, when you plan for your taxes by making the best…
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What is wealth management? We get this question a lot. After all, our company’s name is Anchor Wealth Management, so it invites the question. Anchor Wealth Management is a financial services company with two offices, one in Rockford and one in Lanark, to better serve you. We are passionate about helping people save and plan…
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While retirement may seem like a long way off, it can creep up slowly. It’s best to plan early for retirement, especially as a small business owner. Working with a financial advisor can help you get the ball rolling, giving you more time to focus on your business, family, and the things you enjoy. A…
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Small business owners are busy people. They are so busy, in fact, running the day-to-day operations of their business and taking care of their employees and customers that they don’t realize the passage of time. Nor do they make the time to plan for their personal retirement outside of the business. Anchor Wealth Management is…
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As you get older, you begin to start looking towards retirement and all the things you are going to do when you finally get to retire. With that being said, you also start thinking about long-term care and what you want to happen to your assets after you pass. This process is collectively known as…
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We all know we have to save for retirement, and most of us do. The most common ways to save for retirement are 401(k)s, Roth IRAs, or mutual funds. But how much do you actually need to be able to retire and live well? Anchor Wealth Management is an investment planning company that specializes in…
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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 restaurants who…
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