From 2008 to 2014, he and John Henson hosted Wipeout, a reality game show on ABC. Anderson was presented with the Bill Teegins Excellence in Sportscasting Award in 2011. In 2021, Anderson was a commentator on track and field events at the 2020 Summer Olympics for Olympic Broadcasting Services.

In 1976 Anderson wrote the book "Language, Memory, and Thought" which was the first description of the ACT theory. ACT was intended to be a complete theory of higher-level human cognition. It proposed that human cognition arose as an interaction between declarative and procedural knowledge structures.

Today, after recording and touring for nearly fifty years, hitting major commercial peaks in two different decades, and surviving two significant health scares, Anderson remains as committed as ever to his chosen career. “I moved to Nashville to sing country music,” Anderson said. “It's all I've ever done.

Anderson oversaw more than 40 wholly owned subsidiaries in agriculture, automotive dealerships, insurance, real estate, oil, and wholesale beverage distribution. In 2006, he was ranked #189 on the Forbes magazine list of the 400 richest Americans, with a net worth of $1.9 billion.