Ready, Set, Retire!

There are so many decisions to make when you decide to retire; when do I take my social security? What do I do with my 401k? What about my pension?  Plus, did you know that Steve has tools and strategies where you can be invested in the market BUT, you are protected when the market goes down? (Yes, you read that right.) The overall goal is to accumulate savings and then when you retire,  turn it into income that you can’t outlive.  Steve Anzuoni, Cape Cod’s retirement income specialist, has over 30 years of experience and he can help you cross the retirement finish line with flying colors!

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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.  For example, as you age, your health tends to decline, so you could face higher medical bills. 
• I won’t outlive my money if I withdraw 4% a year.  Anything could happen that might give you no other choice but to withdraw more than your planned 4%.  Treat the 4% rule as a general guideline, and always prepare for the worst.
• I’ll live off my pension.  Many state pension plans are underfunded and that could affect your retirement income.  If your employer goes bankrupt, the Pension Benefit Guaranty Corporation protects your pension.  But it’s possible you might not get every dollar you expected.

Contact Steve today for a complimentary Portfolio Analysis to make sure YOU'RE on track with your retirement income planning!  

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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? 

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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! 

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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! 

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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 !

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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! 

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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 !

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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.   

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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!

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