Ready, Set, Retire!

You know the old saying, "If it ain't broke, don't fix it?" Well, there are some things that can stand the test of time. But, then there are things that need to be re-evaluated as time goes on. On todays episode, Steve discusses some common retirement planning beliefs that don't hold up so well in todays world!  My Expected Lifespan Is 75-85 Years.  Yes, the average life expectancy is in this range, but that’s irrelevant to any one person.  Half the people will live longer than the median, and you’ll hope to be part of that group.  The chances of you dying at an “average” age are slim. I’ll be in a lower tax bracket when I retire.  We have a serious debt and spending problem, so the odds are good that tax brackets will be rising instead of falling.  Also, remember that the tax-deductible money you socked away in your 401(k) will become fully taxable during retirement. My overall expenses will be lower in retirement.  Some expenses may be lower, but others will be the same or even higher during retirement.  F

Regardless of how you feel about the election results, there’s a good chance your tax rates will be going up in 2021.  But IRA expert Ed Slott tells Yahoo Finance it’s up to you to decide by how much. I think we’d all like to “take control” of our tax rate – but how is that possible?  Then, Market Watch says three-fourths of all investors manage their own finances.  But when you narrow it down to just the “wealthy” investors, two-thirds of them use a financial advisor.  So, the question is … do the wealthy use an advisor because they’re wealthy, or did the advisor help them become wealthy? See omnystudio.com/listener for privacy information.

Sometimes, we talk about the “myths” of retirement.  And Forbes says one of the most common ones is that we’ll be in a lower tax bracket, when we quit working.  That certainly seems to make sense – why would it not be true?  Then, how much weight do you put on your financial decisions based on who is in the White House? How will this upcoming election impact you, your money and your retirement?   Interested in income for life? Then contact Steve today for a complimentary Portfolio Analysis to make sure YOU'RE on track with your retirement income planning! See omnystudio.com/listener for privacy information.

To make sure your body is healthy, you go to the doctor for regular physicals.  And to make sure your car is healthy, you go to a mechanic for regular maintenance.  But what are you doing to keep your pocketbook healthy?  How long has it been since you had a financial check-up?  How long since you sat down with a financial advisor for a retirement review?  Staying financially fit is one of the keys to building a successful retirement! See omnystudio.com/listener for privacy information.

Every so often, the government puts banks through a “stress test” to make sure they can make it through severe economic downturns.  An article in Forbes says we should do the same thing with our retirement portfolio, should we?  Meet with Steve today for your customized stress test for YOUR portfolio! CLICK HERE TO SCHEDULE !See omnystudio.com/listener for privacy information.

We’re all asking the same questions these days:  The first one is, “Who will be our next president – Trump or Biden?” And the second one is, “How will that affect me?”  But does our retirement future really depend on what happens in November, or is it more about the preparations that we’re either making – or not making? Hear how Steve can help you & your financial plan be prepared for no matter who is in the White House OR what happens to the market - Call Steve today! See omnystudio.com/listener for privacy information.

Did you know there is such a thing as lifetime income that you can't outlive? And, when it comes to putting your income together, do you need one big pile of money or different buckets of money?  Hear Steve explain his process, and how he can help you design an income plan to get you TO and THROUGH retirement!  Want to see what Steve can do for you? Call him today !See omnystudio.com/listener for privacy information.

Meet Steve Anzuoni, Cape Cod’s very own Retirement Income Specialists! You’ve worked hard for 40-50 years, now it’s time to take that pile of money and see how long it will last and how much income it will produce. Steve’s rule is simple, DON’T LOSE THE MONEY! Make that transition from accumulation mode to income mode and see how your savings can replace that paycheck you’ve been used to receiving. Let Steve help you go from the office, the golf course with added sleep insurance.   See omnystudio.com/listener for privacy information.

Once you retire, the paychecks stop – right? Yes, but, it’s important to remember that even after you leave the working world, you need income to replace the savings that you are now using. Would you rather have a plan that says “maybe the money will be there” or “the money is guaranteed?” Clearly, guaranteed! The question is, how can you do this? In the end, we want INcome not IFcome and the good news is Steve can create a sound income plan you can’t outlive!See omnystudio.com/listener for privacy information.

Football is finally back!  And there’s an old saying, “Offense wins games, but defense wins championships.” Best-selling financial author Patrick Kelly says the same can be true for your retirement strategy. But how do we keep from “giving up points” when it comes to our nest egg? Steve talks about his strategy for creating buckets of money and how he can help protect and grow your nest egg. Every plan that Steve puts together is customized, NOTHING is cookie-cutter.  Give Steve a call today with any questions, concerns, doubts or even fears when it comes to your retirement. Remember, a Complimentary  Consultation is FREE!  See omnystudio.com/listener for privacy information.

The #1 fear in retirement, is running out of money – how can we avoid this? One of the tricks to planning a successful retirement is to figure out how much money you can safely withdraw from your nest egg, without running out. One of the simpler ideas is to plan on taking out the equivalent of what your RMD’s (required minimum distributions) would be. Does this work or is there a better way? Do you know the foundation of your retirement plan?  Steve, Cape Cod’s Retirement income Specialist, identifies creative strategies to help you not run out of money and explains how you can maximize your income in retirement while checking off those bucket list items!  See omnystudio.com/listener for privacy information.

Have you heard of the "A" word when it comes to financial planning? ANNUITY! What is it? Can it help you? Can it hurt you? How do you know if an annuity is for you?    As Cape Cod's Retirement Income Specialist, Steve uses his more than 3 decades of experience to create a solid income plan for you where you DON'T run out of money, no matter what happens on Wall Street.  Find out if an Annuity is right for you! Give Steve a call today with any questions, concerns, doubts or even fears when it comes to your retirement. Remember, a Complimentary  Consultation is FREE!      See omnystudio.com/listener for privacy information.

Yes, all money is green but did you know you have to assign it a purpose/color?  Steve explains the different colors of money that you need, what they mean and why you need it. Find out what part of your money is red, green, and blue.   If you understand your money and how it works, you retire with confidence. First, you need a PLAN. If you don't have a plan, its a plan to fail.  Contact Steve today for a virtual appointment! See omnystudio.com/listener for privacy information.

If you have left a job, been laid off or furloughed, what do you do with your 401K? Steve discusses the best options available and the pros and cons of each.  If you have questions about your 401K or planning for a successful financial future - contact Steve today! See omnystudio.com/listener for privacy information.

Sometimes, we talk about the “myths” of retirement.  And Forbes says one of the most common ones is that we’ll be in a lower tax bracket, when we quit working.  That certainly seems to make sense – why would it not be true? • It makes sense why people believe this.  They don’t see themselves paying more in taxes because they’re no longer earning money; rather, they’re now living off what they’ve accumulated over a lifetime.  And with their income being lower than it was during their working years, the amount they’ll owe to the IRS will be less, right? • For a short time after they finish working, many successful retirees typically are in a lower tax bracket. But that window can shut quickly.  Once required minimum distributions (RMDs) kick in, in combination with other forms of income (investments, social security, pensions, etc.), successful retirees will quickly move into an equivalent tax bracket as they were in during their working years.  They may also be pushed into Medicare surcharges and other ancilla

They're calling 2020, "the year of cancelled." Graduations, weddings, vacations and even professional sports! Even with all of that, you're retirement is NOT cancelled!  Did you know that roughly 68 million Americans are changing their retirement plans because of COVID-19? According to a new Edward Jones and Age Wave study , 29% of Americans say they'll retire later than initially planned, citing a need for more income as a main driver.  On the other hand, 10% of people now say they'll retire earlier. The question is: Should you change your retirement plans in light of the pandemic? Steve explains how he can help you retire early because you want to, because you were forced to or just because it's THAT TIME!  Interested in income for life? Then contact Steve today for a complimentary Portfolio Analysis to make sure YOU'RE on track with your retirement income planning! See omnystudio.com/listener for privacy information.

Over the course of our lives, we ask and answer many of the same questions: Are we there yet?  It’s how much?  Where do you want to eat?  And finally, when can I retire?  Steve discusses some other frequently asked questions you get about retirement!  Get YOUR questions answered today and contact Steve today for a complimentary consultation! See omnystudio.com/listener for privacy information.

It's been a crazy year hasn't it? Steve has been busier then ever helping many clients and listeners during this crisis making sure they are well positioned and protected. These days, with so much uncertainty, it's understandable that many of us are dealing with anxiety on many levels. Anxiety about our job, our money, Covid-19, the election - you name it!  One of the most common questions Steve is asked is, "What is the stock market going to do next?" Unfortunately, no one has a crystal ball. So, whats Steve's response top questions like -  "Is the stock market is poised for a 40% drop?" One economist says the current climate feels a lot like 1929.  Steve explains his strategy of "buckets of money" to reach the ultimate goal of creating income for life, and protecting yourself from when/if the market goes down. For 30+ years, Steve has helped people JUST LIKE YOU work through those financial anxieties, put a solid income plan together, and enter retirement on your terms with confidence. Call him today and sc

On today's episode, Cape Cod's Retirement Income Specialist (Steve Anzuoni) gives you a timeline of event since January 2020 of MAJOR changes to retirement planning, and explains how it could impact you!  In December, we told you about “The Secure Act." It changed the RMD age from 70 ½ to 72 and eliminated the stretch IRA. In May, we told you about “The Cares Act. ”Which waved RMDs for this year and allowed you to take money from your 401(k) before 59 ½ with no penalty. What about the proposed Trump plan to allow you to tap into your Social Security early for emergency money? This week I introduce you to the proposed “Savers Act” that would allow you to triple the amount you contribute to you IRA or 401(k) for 2020. AND “Cares ACT 2” that would move the RMD age up again…this time to 75!  This has all happened in 6 MONTHS! How is anyone supposed to keep up with all this? Steve, Cape Cod's Retirement Income Specialist weighs in on these topics and more!  Contact Steve today for a complimentary Portfolio Analysi

Ever think these questions to yourself? How can you build a strong financial blueprint? How can you have money coming in every month? Is it possible to REALLY never run out of money?  How do I start putting a plan together? Am I being too risky in my 401k? (what do my investments look like in my 401K?) Will Social Security be enough?  If ANY of these questions have crossed your mind, then you're in the right place. Steve Anzuoni, "Cape Cods Retirement Income Specialist" of Fairway Financial CAN HELP YOU!  There is so much information out there - it can be overwhelming! For example, when is the last time you bought a TV? You start off by thinking "I just need to get an updated flatscreen." When you get to the store - there are 20+ options to consider! Think of that when you start to put a plan together for your retirement. There are so many options, moving parts and decisions BUT Steve is here to walk you through each step of the way! Oh, and just in case you are wondering - no income plan is the same, every