Ready, Set, Retire!

In this episode, we unravel the mystery surrounding tax returns and shed light on common misconceptions. Join us as we dive into a recent case where a celebrity guest found himself in hot water for neglecting to file his tax returns. Discover why ignorance of tax laws is no excuse and why assuming someone else will handle your taxes is a risky gamble. Learn the crucial differences in tax obligations between employees and self-employed individuals, and uncover the proactive steps you can take to stay compliant with the IRS. Whether you're a W-2 employee or a self-employed entrepreneur, understanding your tax responsibilities is essential for financial success. Explore strategic tax planning strategies to minimize your tax burden and maximize your savings. From quarterly estimated taxes to leveraging retirement accounts for tax-free growth, we'll guide you through the intricacies of tax optimization. Call Steve today for your CUSTOM TAX PLAN 508-544-0560!   See omnystudio.com/listener for privacy information.

Join Steve as he delves into the crucial decision of whether to rollover your 401K to an IRA. With insights from financial experts like T Rowe Price's Roger Young, discover the benefits and considerations of this pivotal retirement move. Learn how an IRA offers greater investment flexibility and control over distributions, while also exploring the potential advantages of keeping funds in a 401K. Steve shares valuable strategies for helping clients navigate this decision, including the little-known option of in-service distributions and the importance of diversification for retirement income. Uncover the hidden tax implications of leaving a large IRA inheritance and explore tax-efficient alternatives for building a lasting legacy. Whether you're nearing retirement or planning for the future, this episode provides essential guidance for maximizing your retirement wealth while minimizing tax burdens.  Call Steve today for you customized 401K X-Ray! See omnystudio.com/listener for privacy information.

In this enlightening episode, Steve shares insights from their decades of experience, emphasizing the importance of diversifying income streams and creating a guaranteed peace of income. Learn how innovative financial products can provide lifelong income security, offering retirees the confidence to enjoy their golden years without financial worry. Discover practical strategies to navigate retirement spending, including optimizing Social Security benefits and exploring new avenues for guaranteed income. Whether you're approaching retirement or already enjoying it, this episode offers invaluable advice to ensure financial peace of mind in your golden years. For personalized guidance tailored to your retirement goals, visit fairwayfinancial.net or call 508-544-0560! See omnystudio.com/listener for privacy information.

Steve debunks common misconceptions surrounding retirement savings targets and Social Security concerns while emphasizing the importance of personalized financial strategies. From debt reduction to exploring alternative retirement solutions, they empower listeners to take control of their financial future with confidence and clarity. As the political landscape shapes economic policies and retirement prospects, Steve  urges listeners to stay informed and engaged. He sheds light on overlooked financial opportunities and lesser-known retirement products that can provide security and stability in uncertain times. For those seeking comprehensive financial guidance tailored to their unique circumstances, visit fairwayfinancial.net to explore personalized solutions and schedule a consultation with Steve or call 508-544-0560 today! See omnystudio.com/listener for privacy information.

Steve and Fairway Financial are heavily involved in the community. One of Steve's favorite charities is Heroes in Transition. Today, Steve welcomes special guest Cindy Jones, the founder of Heroes in Transition. Celebrating its 15th year of service, Heroes in Transition has been dedicated to supporting local veterans and service members on Cape Cod through a variety of impactful programs. Learn about the 13 unique programs offered by Heroes in Transition, all aimed at helping veterans and their families reintegrate into civilian life and cope with the challenges they face. Cindy shares touching stories of transformation and resilience, highlighting the profound impact these programs have had on individuals and families in the community. Join the movement and make a difference in the lives of those who have served our country. Visit heroesintransition.org to learn more and get involved today. See omnystudio.com/listener for privacy information.

Learn why having multiple sources of income is essential for weathering economic fluctuations and safeguarding your financial future. Steve emphasizes the pitfalls of relying solely on traditional retirement accounts like 401(k)s and underscores the importance of creating diverse income streams to mitigate risks. Furthermore, explore the disconnect between the need for financial planning and the lack of professional guidance. Steve offers valuable advice on selecting the right financial advisor, emphasizing experience, independence, and a comprehensive approach to retirement planning. With over 37 years of experience, Steve advocates for a holistic approach to retirement planning, collaborating with specialists to provide clients with tailored solutions. He discusses the benefits of working with independent professionals who offer a wide range of options to suit individual needs and goals. Call Steve today for your Complimentary Income Review! Call Now 508-544-0560!   See omnystudio.com/listener for privacy i

Discover how Babe Ruth's forward-thinking decision to purchase an annuity in 1923 paved the way for financial security during his retirement, offering valuable insights for today's investors. Steve explores the enduring relevance of annuities as a source of guaranteed income, drawing parallels between Babe Ruth's investment strategy and modern retirement planning. From the stability and strength of insurance companies to the importance of securing a lifelong income stream, learn how annuities can play a vital role in building a resilient financial future. With anecdotes and expertise spanning over 37 years in the industry, Steve and Zoni shed light on common misconceptions surrounding annuities and emphasize their potential to provide peace of mind in an uncertain world. Whether you're a baseball enthusiast or a savvy investor, this episode offers valuable lessons and practical advice to help you navigate the complexities of retirement planning. Call Steve today at 508-544-0560 for your custom income plan! Se

Discover startling statistics about Americans' lack of awareness regarding their 401K fees and investment risks. Steve sheds light on common misconceptions surrounding retirement planning, including the myth that a 60/40 investment split guarantees safety for your retirement savings. In this episode, you'll also learn about the power of annuities in providing guaranteed lifetime income during retirement. With insights from annuity advocate Cheryl Moore, Steve explains why considering annuities in your 50s could be a game-changer for your retirement strategy. Call Steve today for your complimentary portfolio review! See omnystudio.com/listener for privacy information.

In this episode, inspired by insights from Jordan Belfort, the real "Wolf on Wall Street," the hosts explore the futility of trying to trade based on news and predictions. As we enter 2024 with ominous forecasts of a market crash, Steve emphasizes the unpredictability of the future. They share valuable advice on diversification, especially for those approaching retirement, and caution against putting all your eggs in one basket. Discover why focusing on income planning, not just accumulating wealth, is crucial for a secure retirement.  Call Steve today 508-544-0560 for you complimentary customized income plan! See omnystudio.com/listener for privacy information.

In this episode, the hosts unravel the complexities of the Trump tax cuts signed into law in 2017, shedding light on the impending changes set to take effect at the end of next year. With potential shifts in individual tax rates, standard deductions, and estate tax exemptions, the hosts emphasize the need for proactive planning during this two-year warning period. Steve provides valuable insights into strategic moves, including the option of Roth conversions to secure tax-free growth for the future. Discover how to navigate the uncertainties of tax hikes and make informed decisions to protect your hard-earned money. Learn about changes in standard deductions, estate taxes, and the critical importance of income planning in retirement. Don't miss out on this episode that empowers you to take control of your financial future. For more details, visit fairwayfinancial.net.See omnystudio.com/listener for privacy information.

Steve Anzuoni, a seasoned financial professional, shares his passion for instilling confidence in clients as they approach retirement. Learn how Fairway Financial goes above and beyond to ensure clients feel like family, providing unparalleled service and assistance. Steve emphasizes the significance of a comprehensive financial plan, echoing the importance of confidence in retirement.  Explore the unique approach Fairway Financial takes, working as a team with other independent financial professionals to offer a holistic view of clients' financial landscapes. Steve reflects on his 37 years of experience, from the days of knocking on doors for John Hancock to becoming a trusted advisor dedicated to helping clients navigate the complexities of retirement planning. Call Steve today, 508-544-0560, for your complimentary Comprehensive Financial Plan! See omnystudio.com/listener for privacy information.

Ever felt like life is on autopilot, going through the motions without a clear plan? In this episode Steve explores the concept of autopilot in our daily lives and its significant impact on retirement planning. Did you know the average American spends about 10 years of their life on autopilot? Steve discusses the crucial transition from accumulating assets in a 401K to strategically planning for retirement. Discover why hitting the reset button on your financial strategy, especially within five years of retirement, is essential. Steve sheds light on the shift from having a pile of money that fluctuates to assigning a purpose, creating stability and a sustainable income stream for your golden years. For your personalized retirement strategy - call Steve today 508-544-0560! See omnystudio.com/listener for privacy information.

Steve breaks down the concept of "reasonable optimism," emphasizing the importance of not just expecting a bright future but preparing for inevitable setbacks and market challenges. They share real-life examples, highlighting the significance of having a robust retirement strategy that focuses on long-term goals. Discover how to make the most of windfalls, such as the proceeds from selling a home, and redirect them strategically into retirement plans. Steve's practical advice, delivered at a New England pace, guides listeners on maximizing contributions to a 401K and taking advantage of pre-tax options for significant write-offs. Ready to take control of your financial future? Call Steve today  - 508-544-0560! See omnystudio.com/listener for privacy information.

Steve discusses the latest updates on the IRS tax brackets for 2024, shedding light on the significant 5.4% increase in income thresholds across various brackets due to inflation. As the retirement income specialist, Steve dives into the implications of these changes, emphasizing the importance of proactive planning in the current low-tax environment. Steve explores the evolving landscape of retirement accounts, touching on rules changes for 401Ks, Roth versus pre-tax options, and potential adjustments to required minimum distributions (RMDs).  For a personalized consultation and a detailed analysis of your retirement strategy, call 508-544-0560 or visit fairwayfinancial.net. Learn how to make informed decisions to secure your financial future and stay ahead of the changing tax landscape.See omnystudio.com/listener for privacy information.

Discover surprising insights as only 8% of Americans with a million dollars or more consider themselves wealthy. Steve emphasizes the importance of avoiding comparisons on social media and focusing on your own financial journey. Steve shares stories of individuals with varying net worth, highlighting the diverse perspectives on wealth and retirement. Steve stresses the significance of assessing where you are financially, setting realistic goals, and creating a plan tailored to your unique situation. Steve, Cape Cods Retirement Income Specialist, provides brutally honest insights into achieving financial stability and income in retirement. Whether you're just starting your financial journey or reassessing your retirement plan, this episode offers practical guidance and motivation. For a personalized financial assessment and honest advice, call Fairway Financial at 508-544-0560 or visit fairwayfinancial.net. See omnystudio.com/listener for privacy information.

In this episode, hosts Steve digs deep into the recent controversial advice from financial guru Dave Ramsey. Ramsey suggests retirees remain 100% invested in stocks throughout their lifetime and withdraw 8% of their portfolio annually without concerns. Renowned financial author David McKnight joins the discussion, exposing the flaws in Ramsey's approach. The hosts emphasize the unrealistic annual market return assumption of nearly 12%, highlighting the potential dangers of relying on such optimistic figures. The volatility of the market and the order of returns during retirement are crucial factors that could impact the longevity of retirement assets. Steve passionately criticizes Ramsey's advice, labeling it as "insanity" and expressing concern about its potential impact on unsuspecting retirees. Steve stresses the importance of a well-thought-out retirement income plan, debunking the idea of a one-size-fits-all approach. Tune in to understand the potential pitfalls of Ramsey's recommendation and why a more

In a recent survey, 70% of pre-retirees expressed concern about running out of money, highlighting the urgency of effective retirement planning. Join Steve in todays episode where he unravels the mystique surrounding annuities, a powerful tool often misunderstood in retirement planning. Steve explains how annuities, essentially the modern version of pensions, offer a guaranteed income for life—an invaluable asset given the dwindling availability of pensions. Steve discusses the shift in corporate dynamics that led to the decline of traditional pensions and the increasing importance of annuities in today's retirement landscape. He emphasize the role of annuities in providing peace of mind and a stable income stream, addressing common misconceptions and shedding light on their significant benefits. Listeners will gain insights into the different annuity options available and how they can be tailored to meet individual needs. Steve shares real-life examples of how annuities have rescued retirement plans, demonst

In this episode, Steve explores a crucial aspect of retirement planning for Generation X—those in their late 50s. Astonishingly, only 40% of Gen Xers work with financial advisors.   Steve delves into a significant tax change set for 2026 that will impact those earning over $145,000, requiring them to opt for a Roth 401K. He highlights the importance of staying informed and diligent in navigating these financial intricacies. However, he emphasizes that Gen Xers might be missing out on alternative retirement savings strategies beyond traditional options. Steve discusses how over-funding these policies can create a substantial tax-free sum of money during one's lifetime. He emphasizes the potential of these policies to generate tax-free income and provide a tax-free death benefit, offering a unique perspective beyond the conventional 401K and IRA.  Call Steve at 508-544-0560 for your Complimentary Portfolio Review! See omnystudio.com/listener for privacy information.

In this episode, the hosts discuss Morningstar's Christine Benn's advice on maximizing 401K contributions, especially for those over 50, where the limit can reach $30,000 in 2023. Discover why revisiting your retirement plan contributions is crucial and how making adjustments can have a significant impact. Steve share's real-life stories, including a client who, after a simple conversation, realized the untapped potential in maximizing her 401K contributions. Learn why the end of the year is an opportune time to reassess your financial goals and make strategic decisions for your retirement. Steve emphasizes the importance of taking advantage of the current choices available for funding a 401K before legislative changes come into effect. He provides insights into pre-tax and post-tax considerations and encourages proactive decision-making to secure your financial future. Call Steve today for your complimentary End of Year Financial Review! See omnystudio.com/listener for privacy information.

In this episode, Steve explores the concept of retirement, drawing inspiration from entrepreneur Naval Ravikant's unique perspective. While financial independence is a common goal, the hosts discuss various paths to retirement, including managing burn rates, passive income, and the importance of doing what you love. Steve emphasizes his own approach to retirement, sharing insights from his 36 years in the industry. The conversation delves into annuities, a key component of a secure retirement plan, and the misconceptions surrounding them. If you're tired of the noise in financial advice and seeking genuine insights into securing your retirement, this episode is a must-listen. Call Steve today for your Complimentary Portfolio Review and be on your way to financial Freedom! See omnystudio.com/listener for privacy information.