Ready, Set, Retire!

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

On the 4th of July, we celebrate Independence Day. What should people be focused on to achieve financial independence? As a Retirement Income Specialist, Steve explains how he can get you income for life and more!  Call Steve Today for a FREE consultation over the phone, a ZOOM meeting or in person!       See omnystudio.com/listener for privacy information.

There has been LOTS of changes to retirement planning in the last 6 months! Steve discusses and explains these changes and what it means for YOU and YOUR retirement!    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? Call Steve today and receive a COMPLIMENTARY Portfolio Review! Now is a great time to look at where and what you're invested in, and what it is or isn't doing to contribute to a

Now is a great time to take inventory of your finances. Some financial checklist items  are your beneficiaries updated on your life insurance, your will, your financial accounts, your IRAs?  Organize your statements - online or paper statements.  Do you have a trust and is it up to date?  Do you keep track of all your usernames and passwords for online accounts? Did you know you can password protect YOUR usernames and passwords? This is very important if your family members needed personal financial information.  Call Steve today to receive the "Guarding Your Legacy" its a great checklist for you that has details on passwords/usernames, where important paperwork is and more!  Plus, changes to The Secure Act that could impact YOU and YOUR retirement!    Call Steve and setup a phone call or virtual meeting today!   See omnystudio.com/listener for privacy information.

We all just want to go back to "normal," right? Seems what we are living today is our "new normal." So what can we do to better position ourselves for when the economy goes up and (hopefully) soon fully recovers? Steve explains why his tools and strategies can help you make sure you are in the right position today and tomorrow, no matter what the market is doing.  Steve is holding meetings via phone and ZOOM meetings. Call today, start the conversation. You can't help what comes in the future, but you CAN help what happens to you AND your MONEY in the future.  Contact Steve today! See omnystudio.com/listener for privacy information.

USA Today says Americans are more concerned about what the corona virus is doing to the economy, than about how it might affect their health. Clearly, we need to take the health warnings seriously, but do you really think we’ll bounce back from this historic financial damage? Contact Steve today for a phone consultation or a virtual meeting! See omnystudio.com/listener for privacy information.

Nearly three-fourths of the people surveyed by the website FinanceBuzz say they’re worried that the country is headed for a recession – and a fourth of them say they’re “not optimistic” about their personal financial future. It’s looking kinda grim - is it time to go into “financial hiding”?  Studies show that those who have guaranteed money coming in every month are happier in retirement. Do you have guaranteed income in your retirement plan?  Steve explains his bucket approach and how it can help you build a strong and steady retirement. Plus, the "A" word that can guarantee you income!  Reach out to Steve today to a phone conference or a virtual meeting! See omnystudio.com/listener for privacy information.

What's going on with your money? You can sit out the Corona Virus at home, but you can't sit out on what's happening with your money. Do you know how much risk you are taking in the market? Do you know how much you may have lost in the past week or so? Do you stay where you are?  Take your money out of the market? Reposition yourself into a better safe zone? Steve discusses these options and more on this weeks episode.  Plus, if your plan was to retire in 2020, is it too late now? Steve is offering phone conferences as well as virtual meetings during this time of social distancing, contact Steve today! See omnystudio.com/listener for privacy information.

The Corona Virus has taken our economy by storm causing lots of market volatility. Do you know how it is currently or will impact your money? Steve discusses ways to keep you and your money protected in a volatile market. Let Steve help you and be the calm to this storm. Call today to schedule a time to speak with Steve over the phone or set up a video call. See omnystudio.com/listener for privacy information.

It's the biggest piece of retirement legislation in decades and could cost you BIG TIME! We're talking about The Secure Act President Trump signed into law in Jan. 2020. If you don't know how it will impact you and your finances, you could lose MAJOR CASH! Steve explains what changes you need to be aware of and most importantly, how to be most tax efficient and create a legacy for your heirs.      Major Changes of The Secure Act: It’ll require inherited IRAs to be depleted within 10 years.  It’ll increase the age for required minimum distributions from 70½ to 72.  It’ll eliminate the prohibition on traditional IRA contributions for those age 70 ½.   See omnystudio.com/listener for privacy information.

70% of baby boomers say one of their top fears is the cost of healthcare, the #1 fear being running out of money in retirement.  According to a Motley Fool article, it's estimated that healthcare will cost the average healthy 65year-old couple today … OVER $387,000 throughout retirement.  That's a lot of money to shell out, especially since it DOESN’T account for long-term care.  Hear how Steve can help YOU prepare for the rising cost of healthcare while not shattering your nest egg.  See omnystudio.com/listener for privacy information.

How can you reduce your anxiety of replacing that paycheck when you enter retirement? First, you need an income plan in writing, so you can see where you money is going. What if I told you there is a special tool in Steve’s financial toolbox that can allow you to NEVER run out of money for as long as you live? Oh, and yes you can still be invested in the market with this tool, the best part is you’re protected when the market takes a dive. If you want that mailbox money, that money that will replace the paycheck you’ve been getting 40+ years, take the time to educate yourself alongside Steve Anzuoni of Fairway Financial. With over three decades of experience, Steve prides himself on creating successful income plans for his clients and providing them that added piece of mind knowing they’ll never run out of income. Meet with Steve today!  See omnystudio.com/listener for privacy information.

The #1 fear about planning for retirement is running out of money. Turns out, the best way to avoid this is to work with a professional. Meet Steve Anzuoni, of Fairway Financial ! Steve has over three decades of experience and can help you put the puzzle pieces to your retirement together.  Starting is the hardest part right? Steve makes it simple, stress free and calls it “the shoe box meeting.” Bring in your statements, opened or unopened, or if you have that box of paperwork, bring that along as well. This is the first step. Steve will demonstrate his strategies and tools that he can implement with your plan to help you create a successful income plan for your retirement.  The goal is the create a plan that coordinates all branches of your retirement plan – taxes, SS, healthcare and more. The best part – your financial story will be on no more than 2 pages! Everyone’s situation is different, so come in and meet with Steve today !See omnystudio.com/listener for privacy information.

Only 11% of baby boomers having over $500K saved for retirement, 31% of boomers say they’ll work past 70 and 25% of them have not calculated their retirement goals.  These numbers are staggering! In an attempt to warn baby boomers, Market Watch put together a list of the “7 Deadly Sins of Retirement Planning.”  In this episode, Steve takes a deep dive into this list of sins and mistakes, explains how you can avoid them as well as offer you solutions for a better, more confident retirement.See omnystudio.com/listener for privacy information.