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.

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On today's episode, Steve shares the incredible story of Charles Feeney. Charles, a multi-billionaire, chose to give away his vast wealth, emphasizing the joy of giving while being alive. The episode explores the pros and cons of this philanthropic approach and delves into the importance of achieving a balance between generosity and self-preservation.

Steve discusses the complexities of leaving a financial legacy to your loved ones and the IRS, highlighting the recent changes in beneficiary rules for IRAs and 401(k)s. Learn how to optimize your financial plan, ensuring that you leave a lasting legacy for your family while minimizing taxes and maximizing the benefits for your heirs.

Questions about your legacy? For your complimentary Legacy and Estate Tax Plan call Steve today - 508-544-0560! 

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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 unfolds, Steve shares remarkable rates and opportunities available with certain annuity products. He highlights the attractiveness of index annuities, which participate in market gains while ensuring zero losses. Steve underscores the importance of staying up-to-date with industry trends and seizing high-yield products before they're no longer available.

Steve also shares a real-life success story of a client who, like many others, found themselves in an annuity that didn't align with their goals. By offering the right solution and facilitating a strategic transition, Steve helped this client turn a potentially unfavorable situation into a bright financial future for their family.

If you're curious about optimizing your annuity or exploring opportunities for growth, call Steve TODAY for your complimentary Annuity Stress Test!

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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 emphasizes, there's a significant distinction between wealth management and income planning. He believes in providing simple, no-jargon, down-to-earth financial guidance, as opposed to being a highfalutin "wealth manager."

The episode takes you inside Steve's laid-back, relaxing office in Cape Cod, where he offers insights and assistance to those from all financial backgrounds, regardless of their asset size. Steve believes that your money is as important as anyone else's and that understanding your financial options is vital, especially if you're not part of the elite millionaire club.

Call Steve today for a copy of Steve's Amazon best selling book, "Tee Up Your Retirement,"  which is tailored for individuals looking to make the right financial decisions as they approach retirement. The book, just like this podcast, simplifies complex financial concepts for the everyday person. For your complimentary copy, call Steve today - 508-552-3230!

If you're among the 65% of Americans who haven't sought financial guidance, Steve and Jessica encourage you to take that first step and start the conversation. You can reach out by calling 508-552-3230 or visiting the website at fairwayfinancial.net.

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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 stable stream of income during your golden years. The conversation expands to different types of annuities, highlighting the importance of selecting the right one to fit your unique financial goals and needs.

A diversified approach to your retirement savings is the key to ensuring your financial security. Steve walks you through the benefits of having multiple financial buckets, such as annuities, 401(k)s, real estate investments, and more. The recent economic turbulence has highlighted the importance of a well-rounded financial strategy.

Discover how annuities can become a pillar of your retirement income plan and provide the financial stability you desire. Get professional guidance on making the right annuity choices and keeping your retirement dreams alive.

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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 growth potential. Now, with cash yielding better returns, the approach is different.

Steve shares insights into cash positioning, highlighting that he's noticed an increasing interest in higher fixed rates and opportunities that offer gains without losses. He discusses the advantages of certain financial products, such as index annuities, that provide opportunities for gains while protecting against market downturns.

#retirement #financialplanner #financialliteracy #wealth #fyp #podcast

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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 your retirement savings to reduce dependency on government-controlled plans. With the government's ever-changing rules and regulations, having different financial buckets can provide greater stability and control over your retirement.

If you're concerned about the impact of the Secure 2.0 Act on your retirement or want to assess your current retirement plan, call Steve today at 508-552-3230. Steve and his team can provide an X-ray of your 401(k), analyzing earnings, fees, risks, and exploring alternative retirement savings options.

 #retirement #financialplanner #financialliteracy #wealth #fyp #podcast

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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 classes or seminars.

Steve recognizes the challenges of navigating this complex landscape. He acknowledges the frustrations many face when trying to decipher financial jargon and overwhelming information online. Retirement planning should be straightforward, centered on the idea of saving to replace your paycheck when you retire. But, as Steve points out, the financial world has a knack for making simple concepts seem daunting.

That's where Steve steps in as a translator and educator. His mission is to simplify retirement planning and help his clients understand their options. He's a firm believer in providing clients with all the available choices, as acting in their best interests is his top priority. Steve emphasizes the importance of protecting your hard-earned money, especially as you approach retirement, when it becomes increasingly difficult to recover losses.

Steve's dedication to demystifying retirement planning led him to write the book "Tee Up Your Retirement," a resource designed to provide a foundational understanding of retirement finances. He's even offering free copies to those seeking guidance.

If you're feeling overwhelmed by the complexities of retirement planning or just want to ensure you're making the right decisions for your financial future, Steve and his team at Fairway Financial are here to help. They'll guide you through the maze of options and tailor a plan to fit your unique needs.

#retirement #financialplanner #financialliteracy #wealth #fyp #podcast

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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 healthcare costs when planning for retirement.

Whether you're just starting to think about retirement or you're just a few years away, this episode is a must-listen. Steve will give you the information and tools you need to create an income plan that will help you retire comfortably and with confidence.

#retirement #financialplanner #financialliteracy #wealth #fyp #podcast

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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' example when it comes to cleaning the kitchen before bedtime or even washing dishes in the same order as their parents did.

Our discussion takes a turn towards financial planning and how these generational patterns can influence our approach to money management.The financial landscape has seen its share of challenges, from the aftermath of the recession to the rising credit card debt, 401(k) withdrawals, and car loan defaults. Steve emphasizes that it's essential to look beyond the surface and recognize these subtle indicators of financial stress, which may affect both parents and their adult children.

 #retirement #financialplanner #financialliteracy #wealth #fyp #podcast

 Visit Fairway Financial TODAY and find out how Steve can help YOU create a Financial Plan that fits you and your families needs!  

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