Ready, Set, Retire!

In today's episode, we're tackling an intriguing question: Can you trade in your older annuity for a newer, more advantageous one? With interest rates on the rise, now is a particularly opportune time to consider upgrading your annuity. Steve discusses the nuances of this decision, emphasizing that while it can be a favorable move in some cases, it may come with certain costs. As the discussion un...

In this episode, we explore the surprising statistic that only 35% of Americans utilize the services of a financial advisor. Steve, a renowned retirement income specialist with over 30 years of experience, helps us unravel the reasons behind this. Many Americans primarily store their wealth in their 401(k) accounts, assuming they can manage their retirement funds independently. However, as Steve e...

This week, we delve into one of the most pressing retirement questions on everyone's minds: how do you ensure a steady income stream when you retire, without the fear of running out of money? Steve, Cape Cod's Retirement Income Specialist, shares his expertise on the significance of annuities in retirement planning. He emphasizes the value of annuities in protecting your money and securing a stabl...

The financial world is experiencing a shift where cash is offering higher returns than ever before, surpassing even the S&P 500. As Yahoo Finance's Jared Blicker notes, a staggering $925 billion has flowed into money markets this year alone. Traditionally, when stocks dipped, investors had few alternatives and often kept plowing money back into stocks, especially those with lower yields but high g...

Under this new measure, starting next year, older workers earning more than $145,000 will be required to use an after-tax Roth 401(k) rather than the traditional pre-tax 401(k). However, since many employers do not offer Roth 401(k)s, the IRS has extended the deadline to 2026. Steve breaks down what this means for you and your retirement strategy. He also emphasizes the importance of diversifying...

In a recent survey of 2,000 individuals, conducted by a Harris Poll, a staggering 70% found retirement planning unnecessarily complicated. That's a sentiment many of us can relate to. So, where are people turning for information? The survey revealed that 43% rely on their own research, while 39% look to their employers, 27% seek advice from family members, and only 10% attend retirement planning c...

In this episode of the Retire Ready Radio podcast, Steve (Cape Cod's Retirement Income Specialist) talks about the importance of having an income plan in retirement.   Steve discusses the different types of income streams available to retirees, and how to create a plan that meets your individual needs. He also talks about the importance of considering factors such as inflation, taxes, and healthca...

In today's show, we delve into a topic that's both practical and essential for securing your family's future: the importance of having open financial conversations with your adult children. It's surprising how many habits we carry from childhood into adulthood, and this extends to the way we manage our households. According to a recent poll, three out of five individuals still follow their parents...

Today we're diving into a crucial aspect of retirement planning that often gets overlooked: how to smartly withdraw your hard-earned savings to maximize your income while minimizing tax implications.   Imagine this scenario: you've diligently saved for retirement, and you've got a solid plan in place. But now the question is, how do you start withdrawing your funds? This is where things can get tr...

Steve takes a deep dive into the topic of recession-proofing your retirement savings. With economic uncertainty looming, Steve discusses strategies for safeguarding your financial future. From discussing the potential of an impending recession to exploring the ways annuities can provide financial security, this episode provides expert advice for navigating these challenging times.  As Steve, a sea...

Steve delves into the concept of a "soft landing" and its implications for the economy. Discover why the chance of a soft landing is on the rise and how this affects jobs, incomes, and consumer habits. Steve emphasizes the importance of focusing on actionable steps to secure your financial future, regardless of economic fluctuations.  Remember, securing your retirement requires informed decisions...

Barbie's journey from a role model with 200 jobs to a reality check in the "real world" sparks comparisons to life's financial challenges. Discover how the movie mirrors the experiences of college graduates stepping into adulthood and individuals transitioning into retirement. Steve, the retirement income specialist, emphasizes the importance of safeguarding your financial future, just as Barbie p...

In this episode hear Steve discuss a crucial strategy for tax planning and financial growth: Roth IRA conversions. Steve takes a deep into the world of Roth IRAs and how they offer an ideal solution for tax planning. Discover the benefits of taking the tax hit on your contributions now and watching your gains grow tax-free. But what if you're told you make too much to contribute to a Roth?  Steve...

Steve discusses the importance of a mid-year financial check-up for retirement planning. The importance of having a solid income plan, especially for those nearing retirement or already retired. Drawing from his 35 years of experience, Steve explains how relying solely on market performance can be risky and lead to potential income shortages during retirement.  By focusing on creating a dependable...

Worried about running out of money in retirement? In this week’s episode, Cape Cod’s Retirement Income Specialist,Steve Anzuoni, shares how his bucket planning approach can help provide income for life! Then, with three decades of experience helping people just like you plan for retirement, hear what makes him different from other financial planners! Visit Fairway Financial TODAY and find out how...

There’s an old saying in the news business: “If it bleeds it leads.”  It’s because tragic and splashy headlines often get our attention.  In the financial world, market declines are the splashy headlines.  But a new study from a Fidelity analyst says, we get too wrapped up in the topic of market risk and we don’t focus enough on two of the other big risks of retirement: 1. Expensive health care ne...

Reliable monthly income is a big concern for retirees.  Yahoo Finance looked at the pros and cons of annuities in that role.  Two of the objections they site are:  1) Every annuity comes with high fees 2) No access to principle in an emergency   Can you speak to those points? Visit  Fairway Financial TODAY and find out how Steve can help YOU Replace Your Paycheck in Retirement!    See omnystudio.c...

The latest polls are showing Americans are not feeling good about the economy.  One survey (by CBS News/YouGov) found 64% of adults would rate the economy as “bad.”  Another poll (by F&G) shows 80% of Americans over age 50 are worried about the impact of inflation on their retirement, with many facing the prospect of having to keep working.  Concern about the economy can turn into anxiety about re...

Is the stock market trying to second-guess the Federal Reserve?  Analyst Stephanie Pomboy thinks it is.  What are you telling clients who say they wish they could just take a break from the market? You’ve told us many times about the benefits of annuities.  They offer a guaranteed stream of income in retirement.  But they can come with a lot of fine print.  Do you explain all that to clients?   Se...

The financial headlines have been talking about a recession for months. Market analyst Eddie Ghabour tells Fox Business we are already there. Hear Steve give his opinion and if he see's a significant market pull back this year and should people look for a more protective stance with their retirement money!    See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

At what age do you think you’ll retire? Comedian Wanda Sykes says she probably never will retire!  I bet a lot of people can relate – they don’t want to retire and maybe are already thinking of future opportunities.  Do you work with clients like this? We’re seeing higher CD rates thanks to higher interest rates.  But annuities are also based on interest rates.  So, the higher the rate, the higher...

The failure of Silicon Valley Bank is becoming a textbook case of poor risk management.  It didn’t have enough ‘safe’ assets versus risky ones.  So, let’s apply that to our 401(k).  What’s considered a good safe asset?  Call Steve today for your market protection plan and 401K analysis!    See omnystudio.com/listener for privacy information.

Each month the financial brainiacs at Barron’s financial news gather for a roundtable discussion about the markets and economy.  Last month there was a lot of disagreement.  One said, “I see bubbles and champagne.”  Another said, “I see the need for Alka-Seltzer.” We know you have to sift through all that and more importantly, the opinions of your clients.  How do you find that “happy place” to sa...

If there is a recession, when will it hit? If someone is going to retire this year, would you tell them to wait or forget about the market and move forward? Then, the cost of Long-Term Care can be $10,000 or more a month!  No wonder so many say it’s one of the huge “gotcha” expenses in retirement.  And now, a dozen states are considering implementing a mandatory tax on people who don’t carry long-...