Anchor Wealth Strategies

07/06/2026

If your kids are starting a summer job, why not look into a Custodial Roth account? Talk to your kids about how they can get started with tax-advantaged savings. Whether they put money in the account or you get it started for them with a gift, it’s a good way to start a great habit. For more information or to set up a meeting, drop us a note today!

We can explain the pros and cons of Custodial Roth IRA, and introduce you to some of the unique features of custodial accounts, including when kids can take control of the asset. Also, remember, with a Roth IRA, to qualify for the tax-free and penalty-free withdrawal of earnings, a Roth must meet a 5-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, and the original Roth IRA owner is not required to take minimum annual withdrawals.

07/04/2026

Isn't it amazing to call America our home? God bless the USA!

Independence isn't merely a day on the calendar; it's part of daily life in the United States.

How are you spending this Fourth of July? Joining in the celebrations with loved ones? Relaxing under the sun and grilling? Share your plans below!

From my family to yours, wishing you a wonderful Independence Day!

06/29/2026

Trump Accounts opened on July 4. A few questions are worth considering:

➡️ Our baby is 18 months old. Do we qualify for the $1,000?

Yes. Every U.S. citizen baby born since January 1, 2025, qualifies for a one-time $1,000 federal contribution.

➡️ Is there an income maximum?

No. Eligibility is based on the child's citizenship and birth date, not family income.

➡️ Our child is 7. Did we miss it?

Not entirely. Any U.S. citizen under 18 can have an account opened. The federal $1,000 payment applies only to children born in 2025 through 2028, but everything else still applies.

➡️ Can grandparents contribute?

Yes. Up to $5,000 per year combined across parents, grandparents, family, and the child themselves.

➡️ What is the catch?

State tax conformity varies; California, for example, does not currently conform.

Whether to contribute, how much, and how to coordinate it with what you already have are all worth talking through. Our team is here for that.

06/29/2026

Meet Gina 💫

06/26/2026

Meet the newest member of our team!

We’re excited to welcome Giovanni Blanchette to Anchor Wealth Strategies.

Giovanni recently graduated from TCU, is fully licensed and is passionate about helping individuals and families gain clarity and confidence in their financial future.

If you’ve been putting off investing, planning for retirement, or simply have questions about your financial future, now is a great time to start the conversation.

📧 [email protected]

06/26/2026

My client base is split pretty evenly, but I think these facts are interesting! Men seem to take action before women which is great when getting started, but women seem to have more patience. I think we can both learn from each other.

06/23/2026

We are so excited to have him! If you know anyone looking for a financial advisor, send them his way!

06/23/2026

Federal Reserve officials appear increasingly focused on how persistent inflation could shape future interest rate decisions.

Minutes from the most recent Fed meeting show that many officials supported keeping rates steady, while also noting that higher rates could become appropriate if inflation remains above the central bank’s 2% target.

The meeting also reflected a notable level of disagreement. The committee voted to hold its benchmark rate at 3.5% to 3.75%, but four members dissented — the highest number of dissents since 1992.

A key issue was whether the Fed’s statement should continue to suggest that a rate cut remained the more likely next move. Several officials preferred more flexible language, given ongoing inflation pressures.

For households and businesses, these discussions matter because interest rate decisions can influence borrowing costs, savings yields, mortgage rates, credit card rates, and broader economic conditions.


Source:

A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.

06/15/2026

You left a job.

You moved your desk.
You changed your email.
You updated your LinkedIn.

But your old 401(k)?

It’s still sitting there.

Unwatched.
Unreviewed.
Untouched.

The problem isn’t that you have an old 401(k).

The problem is that most people assume “it’s probably fine.”

Years go by.

Beneficiaries are outdated.
Investments no longer match your goals.
Accounts become scattered across multiple employers.
And nobody is looking at whether that money is actually working for the retirement you want.

The greatest financial mistakes aren’t usually what people do.

They’re what people ignore.

If you’ve changed jobs and still have an old 401(k), it may be time to review your options.

Because “I’ll get to it later” is not a retirement strategy.