by Kevin Wrenn on Aug 23, 2018
As the go-to investment option for most companies and their employees, 401(k) plans provide many benefits to plan participants, including deferment of taxes, the likelihood of an employer match, and a high maximum allowable for annual contributions. But for those that are self-employed, or whose employer does not offer a 401(k), a traditional or Roth IRA is an option.
by Kevin Wrenn on Dec 7, 2017
I don’t know about you, but for me every paycheck is like a mini Christmas that ends nearly immediately when reality sets in. Bills, rent and saving for retirement makes every payday a budgeting reality. So in these times, it’s important to take some relatively easy steps to stretch your budget.
Start with your credit cards. Often people overlook where their money is going when it’s as easy as a tap, not to mention interest and fees:
by Kevin Wrenn on Sep 28, 2017
As most of you know by now one of the nation's three major credit agencies was breached by hackers from mid May through July of this year. Approximately 143 million Americans' sensitive personal information was compromised by this breach. Since Anchor Capital uses Charles Schwab as its custodian, our clients' invested assets are protected under Schwab's Security Guarantee, which states that Schwab will cover 100% of any losses in any of your Schwab Accounts due to unauthorized activity. To ensure your protection under this guarantee make sure to safeguard your account ac
by Kevin Wrenn on Sep 12, 2017
The current economic environment has caused most everyone to reconsider their personal finances with many people having to drastically change their spending and savings habits. Out of this economic malaise may come an opportunity to finally instill the right habits in your teens that can carry them into adulthood on the right financial footing. Just as our parents and grandparents of the Great Depression era developed deeply ingrained attitudes about finances from their experience, our teens can share in the lessons of today’s “great recession” generation.
by Kevin Wrenn on Aug 30, 2017
In a few short years, it seems as though the banking industry has revolutionized. It is now easier (and more convenient than ever) to tend to your banking needs, all from the comforts of your pyjamas. Gone are the notions of banking hours, and the never ending lineups when you want to deposit your paycheck.