Providence Financial Retirement Show with Anthony Saccaro: Recent Episodes
Anthony A. Saccaro, ChFC, Esq.
What you don't know CAN hurt you! Retirement is the most expensive purchase you'll ever make and, because you only get one shot, you better get it right! This show is dedicated to helping retirees and Baby Boomers learn what they need to know so they can make informed decisions and retire successfully. And best of all, we make it understandable! If you want to learn how to avoid some of the more common mistakes I've seen retirees and Boomers make over the last two decades, make sure you tune in. You'll be glad you did!
What happens if the market stalls, healthcare costs soar, or one spouse passes away sooner than expected? Preparing for worst-case scenarios is a key part of retirement planning. Learn how guaranteed income, tax planning, long-term care strategies, liability protection, and Social Security decisions can work together to create greater confidence and financial security throughout retirement. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement is about more than reaching a financial goal. It's about having the confidence to enjoy the years ahead. In this week's show, we explore both the financial and emotional sides of retirement, discussing why tax planning should begin before required minimum distributions, when annuities may or may not make sense, how longevity risk and sequence of returns can impact your nest egg, and why focusing on reliable retirement income may help reduce the fear of running out of money. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Higher interest rates have created opportunities for retirees that haven't existed in years, but they may not last forever. Today's rate environment could allow investors to lock in income for years to come through bonds, annuities, dividend-paying investments, and other fixed-income strategies.
We break down the important differences between individual bonds and bond funds, interest income versus dividends, and how taxes can dramatically affect your retirement income. Balancing safety, growth, and reliable income based on your time horizon and retirement needs is crititcal.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Not all financial advisors operate under the same rules, or have the same legal obligation to put your interests first. In this week's show, we explain the four primary types of financial advisors, including broker-dealers, insurance agents, registered investment advisors (RIAs), and do-it-yourself investing.
You'll also learn the differences between the fiduciary, Regulation Best Interest (Reg BI), and suitability standards, how advisors are compensated, the strengths and limitations of robo-advisors and AI, and the key questions every investor should ask before choosing someone to help manage their financial future.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
AI stocks have driven massive market gains, but are investors ignoring the warning signs? In this week's show, we examine the evidence behind the AI bubble debate, including:
- extreme market concentration - rising debt tied to AI infrastructure - spending that far exceeds revenue, - why some legendary investors are sounding the alarm
Most importantly, we go over what near-retirees and retirees can do to protect their portfolios and create reliable income even if the AI boom loses momentum. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this special Independence Day edition of the podcast, we explain why true financial security isn't measured by your account balance - but by reliable income, adequate liquidity, smart tax planning and a proper estate plan. We also cover the ideal "bridge years" for Roth conversions, whether paying off your mortgage before retirement makes sense, and your listener questions. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Welcome to another episode of the podcast! This week, we break down key retirement planning strategies that can significantly impact income, taxes, and long-term financial security.
The discussion covers optimal timing for Roth conversions during the "bridge years" before required minimum distributions begin, and how strategic use of tax brackets can help create long-term tax-free income. We also explain important considerations like IRMAA and how conversions may affect Medicare premiums.
The episode then explores long-term care planning and the evolution of asset-based insurance options that combine care protection with life insurance benefits. Finally, it highlights often-overlooked Social Security strategies, including spousal and divorced survivor benefits that can materially increase lifetime retirement income.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this listener-driven episode of the Providence Financial Retirement Show, we answer some of the most common retirement questions. Learn why Social Security isn't likely to "go broke," what changes could be made to strengthen the system, and why filing decisions should be based on your personal situation, not fear.
We also explain the "tax torpedo" and how IRA withdrawals can unexpectedly increase taxes, Medicare premiums, and the taxation of Social Security benefits. Plus, discover how Roth conversions can help reduce future tax burdens and whether today's higher interest rates make annuities worth considering as part of a retirement income plan.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode of the Providence Financial Retirement Show, we break down the key rules behind Required Minimum Distributions (RMDs) and the mistakes that can trigger steep IRS penalties.
You'll learn how RMD amounts are calculated, why they change year to year, and the critical "aggregation rules" that determine which retirement accounts can (and cannot) be combined when taking withdrawals. The episode also explains one of the most common and costly errors: taking an RMD from the wrong account type, and how that can still result in penalties even if you withdrew the correct total amount.
Finally, we explain why proactive planning, including Roth conversions, can help reduce future RMD pressure and give retirees more control over taxable income in retirement. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Welcome to another episode of the Providence Financial Retirement Show! This week, we answer four more timely retirement questions received from our listeners:
- How do you create income from your savings without running out of money? * Can inflation quietly derail your retirement plan? * Should retirees rely on the stock market to keep pace with rising costs? * How much risk should you really be taking as retirement begins?
Find out why withdrawal strategies can create unnecessary stress, how taxes impact retirement income planning, the hidden dangers of relying on market averages, and how to think about balancing growth, income, and preservation as you move into retirement.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this week's podcast, we address four important retirement issues listeners are asking right now:
- Could long-term care wipe out your savings? 2. Are annuities smart protection or a bad investment? 3. Are you taking too much stock market risk in retirement? 4. How do you create income without draining your portfolio?
You'll learn why Medicare may not cover long-term care the way you think, the truth about annuities, how sequence-of-returns risk can damage retirement plans, and why living off interest and dividends may create more peace of mind than relying on withdrawals alone.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When most people hear the words "estate plan", they picture the ultra-wealthy - people with vacation homes, mansions, and millions in the bank. But here's the truth: estate planning isn't about how much you have, it's about what happens to your loved ones when you're gone.
In this episode, we'll break down what an estate plan really is, and why everyday families in California need one. If you own a home or have more than $184,500 in assets, you could be subject to probate, a long and expensive court process that delays your estate from passing smoothly to your heirs.
We'll unpack the essential building blocks of an effective estate plan, including:
- Living Trusts – how they keep your estate out of probate and protect your privacy - Healthcare Directives – making sure your wishes are honored if you can't speak for yourself - Living Wills – defining the care you want in advance - Powers of Attorney – naming someone you trust to make decisions on your behalf
Your estate plan is one of the greatest gifts you can give your loved ones - not a symbol of wealth, but a plan of protection, clarity, and peace. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Is your retirement plan built to create lasting income, or are you slowly draining your portfolio?
In this week's episode, we explain the key differences between an income strategy and a withdrawal strategy, and why that distinction matters more than most retirees realize. We also discuss Social Security timing, Roth conversions, taxes, RMDs, and how these decisions work together to impact your long-term retirement security.
Your retirement plan should be designed to create dependable income, reduce financial stress, and help you avoid running out of money later in life. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Most retirees know about market risk, but that's only one piece of the puzzle. In this week's episode, we explore the hidden risks that can quietly derail an otherwise solid retirement plan if you're not prepared for them ahead of time.
We break down how to stress test your portfolio against some of the biggest threats retirees face today, including inflation, rising taxes, sequence of returns risk, long-term care expenses, behavioral mistakes, and even the financial impact of losing a spouse.
You'll learn why a retirement plan that looks great on paper may still have dangerous weak spots, how to identify the pressure points in your own strategy, and what practical steps you can take now to create more confidence and stability for the future.
Because retirement isn't just about growing your money. It's about making sure your plan can survive when life doesn't go according to plan. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Fifty years ago, retirement was simple. Today, it's anything but.
In this episode, we unpack why modern retirement planning is more complex (and more risky) than ever before. With people living longer and financial responsibility shifting from employers to individuals, the margin for error is smaller than ever. From deciding when to take Social Security to managing your own investments without a pension, the responsibility is now on you.
We also cover key changes like required minimum distributions, Roth strategies, and rising healthcare costs, and why more retirees today fear running out of money more than anything else.
If you're approaching retirement or already there, this conversation will help you avoid common mistakes and build a strategy focused on what matters most: reliable income for life. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The market dropped, then quickly recovered. But what if next time it doesn't?
In this episode, we break down why recent market rebounds can create a false sense of security, and how that mindset can quietly put your retirement at risk. Because history shows the market doesn't always bounce back quickly, and sometimes not at all - for years.
We also tackle key questions: - Should you just ride out volatility, or make changes as you get closer to retirement? - What happens if the market drops right before (or after) you retire? - How do you avoid relying on growth when you actually need income?
You'll learn why having a true plan matters, how to evaluate your current strategy, and the steps you can take now to create stability and real peace of mind, no matter what the market does next. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement isn't just about how much you've saved. It's about the decisions you make once you get there.
In this Q&A episode of the Providence Financial Retirement Show, we tackle some of the biggest (and most misunderstood) retirement questions that can have a massive impact on your long-term income and peace of mind.
Should you delay Social Security - or take it as soon as possible? The answer depends on more than just age. We walk through how longevity, spousal benefits, and income needs can shift the math, sometimes making delay incredibly valuable, and other times making early claiming the better move.
Do Roth conversions really make sense? Paying taxes now to save later isn't always an easy decision. We break down when Roth conversions can help reduce future tax burdens, avoid higher brackets, and create flexibility, and when they may not be worth it.
What happens if the market drops right after you retire, even if you've saved $1M+? This is one of the biggest fears retirees face. We explain sequence-of-returns risk, why early losses can have an outsized impact, and how having the right income strategy can help you avoid panic and stay on track.
These are the kinds of decisions that don't have one-size-fits-all answers; but getting them wrong can be costly. This episode is designed to help you think through the trade-offs so you can make more confident, informed choices. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Most retirees think taxes are something you "deal with later." But that mindset can quietly create one of the biggest financial risks in retirement.
In this episode of the Providence Financial Retirement Show, we break down what we call the ticking tax time bomb - the buildup of pre-tax retirement savings that can lead to rising required minimum distributions, unexpected tax brackets, and even higher taxes on Social Security and Medicare costs.
You'll learn why traditional "tax-deferred" savings strategies may create long-term consequences, and how proactive planning can help you take control instead of reacting later. We also discuss how Roth conversions and smart withdrawal planning can help you manage taxes across your retirement, not just in one year.
This is not about avoiding taxes. It's about controlling when and how you pay them so you can keep more of what you've worked for. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Last week, we talked about war and market volatility. But what if the biggest risks to your retirement aren't the headlines at all?
In this episode, we go a level deeper, uncovering the less obvious forces shaping your financial future right now. From rising energy costs and persistent inflation to interest rates and global instability, these underlying shifts can quietly impact your income, your expenses, and how long your money lasts.
We also tackle some of the most important questions retirees are asking today:
- How do you know if you're truly ready to retire? - What does it really mean to turn savings into reliable income? - When is the right time to claim Social Security? - How can taxes impact your retirement more than you expect?
The truth is, retirement isn't about how much you've saved; it's about how your money works for you. And in uncertain times, clarity around your income strategy becomes more important than ever. If you're looking to move from uncertainty to confidence, this episode will help you connect the dots and see the bigger picture. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
With global tensions rising and headlines dominated by war, uncertainty, and market swings, it's no surprise that many retirees are feeling uneasy. Watching your portfolio dip hits differently when you're no longer earning a paycheck.It's not just numbers anymore, it's your income, your lifestyle, and your future.
But here's the real question: is the current volatility actually the problem… or is it simply revealing something deeper?
In this episode, we cut through the noise and focus on what truly matters. We break down how markets typically respond to geopolitical events, why uncertainty creates volatility, and what history shows us about these moments over time. More importantly, we uncover the real risk retirees face - one that has far less to do with headlines and far more to do with how a retirement plan is structured. From the dangers of relying on market performance for income, to the impact of sequence of returns risk and emotional decision-making, this conversation brings clarity to what can feel overwhelming.
Because in uncertain times, the right strategy makes all the difference. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Ever walked out of a meeting with a financial advisor thinking… "I should understand this, but I don't"? You're not alone. The world of finance is packed with industry jargon that can turn important conversations into confusing ones, leaving you unsure, overwhelmed, and sometimes hesitant to ask questions.
In this episode, we break down the language barrier. From terms like "basis points" and "alpha" to more complex concepts like "Monte Carlo simulations," we unpack what these phrases actually mean in real-life terms, and why they matter to your financial future.
More importantly, we talk about why clarity isn't just helpful - it's essential. When it comes to retirement planning, you deserve to fully understand the strategy behind your money. Because confidence comes from clear explanations.
If you've ever nodded along in a meeting while secretly wondering what was just said, this conversation is for you. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What's the biggest threat to your retirement? Most people assume it's the stock market, inflation, taxes, or Social Security changes. But in this episode of the Providence Financial Retirement Show, we explain why the real risk may actually be uncertainty.
When you're retired and relying on your portfolio for income, market volatility, global events, and rising interest rates can create stress and difficult decisions. We discuss:
- Why emotional reactions to market volatility can damage retirement plans
- How global events, from wars to energy prices, can ripple into your retirement
- The hidden danger of sequence of returns risk early in retirement
- How building predictable income streams can reduce financial stress in retirement
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement changes everything about how your portfolio works. During your working years, you're adding money and riding out market ups and downs. But once you retire, the strategy flips; you're taking money out, and market downturns can suddenly become much more dangerous.
In this episode of the Providence Financial Retirement Show, we discuss why preparing for retirement risk before it appears is critical to protecting your future income. We explain the shift from accumulation to distribution, why the stock market should never be considered a "safe haven," and how retirees can create more stability by focusing on income-producing investments.
You'll also hear answers to listener questions about whether Treasury yields are a good place to park retirement money, the important differences between owning individual bonds and bond funds, and why many portfolios that appear diversified may actually be more fragile than investors realize.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's podcast is dedicated to listener questions covering the topics that matter most to retirees and those preparing for retirement. From market volatility and retirement timing strategies to estate planning, Social Security timing, Roth conversions, long-term care options, and managing spending disagreements between spouses - this episode provides practical guidance to help you build a retirement plan based on income stability, not market guesswork.
You'll learn how to shift from accumulation-based investing to income-focused retirement strategies, how to protect your legacy with updated estate planning, when Roth conversions may make sense for tax planning, and how modern long-term care solutions have evolved. If you want clarity, confidence, and actionable retirement insights, listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
You don't retire on account balances. You retire on income.
Many retirees feel uneasy as retirement approaches, even when they've saved and invested responsibly for decades. The issue isn't how much you've accumulated. It's whether your assets have been converted into reliable income.
In this episode, you'll learn:
- Why growth investing alone may not work in retirement - When to begin shifting from accumulation to income - The psychological shift from saving to spending - Why withdrawals create anxiety and income creates confidence - How to replace your job paycheck with a portfolio paycheck
If your retirement depends on market performance, you may feel uncertain. But when your portfolio produces dependable income through interest and dividends, retirement can feel steady again. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Social Security isn't just a filing decision. It's a lifetime income strategy.
In this episode of the Providence Financial Retirement Show, we break down how Social Security decisions affect not only your monthly check, but your taxes, your spouse's income, and your long-term financial security.
You'll learn:
- Why filing too early can permanently reduce lifetime household income - How survivor benefits really work (and why many widows lose a check) - What spousal benefits mean for couples (and why they're not automatic) - How recent rule changes may increase benefits for some retirees - Why up to 85% of your Social Security can become taxable - The most common mistakes retirees make, simply because no one explained the system clearly
We also share real-life examples of retirees who unknowingly missed benefits for years - not because of bad investing, but because of overlooked planning details.
Social Security has more moving parts than most people realize. When coordinated properly with your investments, withdrawals, and taxes, it can become a powerful foundation for retirement income. When it's not, it can quietly cost you hundreds of thousands of dollars over time.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Most retirement stress doesn't come from bad decisions. It comes from bad assumptions. In this week's episode of the podcast, we explain why these common beliefs can quietly put pressure on your retirement:
• that spending will automatically go down • that markets will always average out • that Social Security will fill the gaps
What works during your working years doesn't always work once income depends on withdrawals. Learn why structure - not prediction - is the key to a more confident, less stressful retirement.
Listen now and rethink the assumptions shaping your plan.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's podcast is dedicated to listener questions covering the topics that matter most to retirees and those preparing for retirement. From market volatility and retirement timing strategies to estate planning, Social Security timing, Roth conversions, long-term care options, and managing spending disagreements between spouses - this episode provides practical guidance to help you build a retirement plan based on income stability, not market guesswork.
You'll learn how to shift from accumulation-based investing to income-focused retirement strategies, how to protect your legacy with updated estate planning, when Roth conversions may make sense for tax planning, and how modern long-term care solutions have evolved. If you want clarity, confidence, and actionable retirement insights, listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Why do you believe what you believe about retirement? Spoiler: it's probably not because it's true; but because you've heard it repeated over and over.
In this week's show, we challenge the most repeated (and most dangerous) retirement assumptions. The 4% rule, "taxes go down" in retirement, "we'll adjust later," and the idea that markets always come back all sound comforting… until real life shows up. We'll break down why these beliefs deserve a closer look, what actually holds up under pressure, and answer listener questions along the way. Expect a few surprises.
Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Many retirement plans are built with a "set it and forget it" mindset. As long as account balances look steady, it's easy to assume everything is working. But retirement doesn't work that way.
In this episode, we talk about why the biggest risk in retirement isn't always a market drop. It's the false sense of security that comes from calm markets and stable-looking statements. Real stability isn't tested when things are quiet. It's tested when income is needed, expenses continue, and markets don't cooperate.
We explain why retirement planning can't be passive, why income matters more than balance, and why a plan that isn't reviewed and adjusted can quietly create uncertainty instead of freedom. Because in retirement, "set it and forget it" can be one of the most expensive assumptions you make. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The "3-bucket strategy" is one of the most commonly used frameworks in retirement planning. Growth, conservative, and cash buckets may sound simple, but the rules governing how they work change dramatically once you retire.
Most traditional 3-bucket strategies are built around one core assumption: that retirement income will be generated by selling assets. The cash bucket is meant to be spent down, the conservative bucket tapped next, and the growth bucket left untouched until markets recover and refill the others. The problem? Retirement doesn't always give you the luxury of waiting for markets to cooperate. When volatility hits, investors may be forced to sell assets at the worst possible time.
In this episode, we break down why a retirement plan that depends on asset sales requires a very different bucket structure than one designed to generate income.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
January has a way of restoring structure to daily life. The holidays fade, routines return, and expenses begin to arrive with predictable regularity. While working, that structure was anchored by a paycheck which was showing up consistently and making life feel manageable.
Retirement quietly removes that framework. And if you're not careful, it replaces freedom with uncertainty.
In this episode, we explore the critical difference between taking income from a portfolio and simply making withdrawals. We introduce what we call the Paycheck Test: does your retirement strategy deliver income with the same reliability you once depended on from your employer, or are you just hoping balances hold up?
One of the greatest risks in retirement isn't a market downturn. It's the illusion that everything must be fine because account values appear stable. True reliability isn't measured during calm markets; it's revealed when volatility returns and income is still expected to arrive. This conversation reframes how retirement income should be planned, structured, and experienced. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Happy New Year to all our followers, and welcome to Season 7 of the podcast!
Every January carries the promise of progress. The calendar flips, routines reset, and we make the assumption that something meaningful has changed - simply because the date has. But time passing is not the same as progress being made. Our first podcast of 2026 explores the dangerous comfort of automatic optimism and why unchanged habits, outdated strategies, and unreviewed plans often produce the same results year after year.
From gym memberships that never turn into daily discipline to financial plans that haven't been stress-tested for volatility or retirement income loss, we examine why forward movement requires more than intention. Like driving across the country using a GPS map from ten years ago, many people are relying on information that no longer reflects reality. Roads have shifted. Conditions have changed. And without deliberate review and adjustment, even well-meaning plans can quietly fail. This show is a call to stop confusing the passage of time with progress, and to start taking the actions that actually move life forward. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Most retirement conversations obsess over account balances - how much you've saved, how your portfolio performed, whether you've hit a "number." But retirement doesn't work like a scorecard. It works like a paycheck.
In this episode, we reframe retirement planning around the question that actually matters: How much reliable monthly income can your investments generate, and can you use it confidently? Take too much, and you risk running out of money. Take too little, and you risk living smaller than you need to, postponing joy, and merely enduring retirement instead of enjoying it.
We'll break down why retirement success is driven by income, not assets; how to think about sustainable withdrawal without fear or guesswork; and how strategic spending allows you to experience life now while still protecting the future.
Most importantly, we'll explain why replacing your paycheck with a thoughtful, durable income plan is the foundation of real retirement planning, and the difference between hoping your money lasts and knowing your lifestyle will.
If you want a retirement built around confidence, clarity, and lived experiences (not just preservation) this episode will help you rethink everything you've been told about "how much is enough." Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Most retirement conversations revolve around numbers - account balances, returns, tax brackets, required minimum distributions. But after working with retirees for more than a quarter of a century, one truth has become clear: emotional wealth matters more than financial wealth.
In this episode, we explore why peace of mind, confidence, and income stability ultimately define a successful retirement far more than hitting a specific number on a statement. We'll talk about how reducing uncertainty, building dependable income, and planning intentionally can give you the same sense of security and dignity in retirement that you enjoyed during your working years. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This episode delivers a deep-dive Q&A on the choices that shape a secure retirement. We break down whether to roll a 401(k) into an IRA, when Roth conversions are worth it, and why bonds, when used correctly, can provide essential income.
Discover how to build a portfolio that withstands loss, inflation, and the risk of running out of money, and learn a smarter way to rebalance using a function-based approach to investing.
We also unpack the heavy topic of spousal caregiving and how proactive planning protects dignity while easing the burden on family members.
A must-listen for anyone preparing for the realities of retirement.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Everything might look perfectly fine on the surface, but retirement is full of threats that can grow quietly in the background until they're suddenly too big to ignore. In this week's episode, we dive into the hidden pitfalls that can disrupt even the strongest retirement plans: relying too heavily on the stock market, rising living or health care costs, Required Minimum Distributions pushing you into a higher tax bracket, and more.
We'll explore why your retirement plan can't be something you "set and forget." It needs to evolve with you. You'll learn how to stay proactive, build an income plan that isn't dependent on market swings, manage taxes strategically, and identify potential problems before they become emergencies.
Retirement security isn't just about what you earn - it's about what you protect. Let's make sure your plan is built to last. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Thanksgiving is a perfect reminder that great outcomes never just "happen." A successful holiday meal takes planning, preparation, and thoughtful timing - and retirement is no different.
In this episode, we break down why intentional planning matters, why timing affects everything, and why scrambling last-minute (whether at 55, 65, or the week before retirement) only creates stress. And more importantly - why it's never too late to get clarity.
We help people get organized, build an income plan they can rely on, and gain the peace of mind that comes with knowing retirement isn't left to chance. Let's dig into what true preparation looks like. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The holiday season is here, and while festivities take center stage, now is the critical moment to make smart financial decisions that set up next year (and your long-term retirement) on the right track.
In this week's podcast, we break down the key year-end actions retirees shouldn't overlook: Required Minimum Distributions, strategic withdrawals, potential Roth opportunities, rebalancing investments, reviewing charitable gifts, and updating long-ignored beneficiary forms. Your tax bill is being shaped right now, and every dollar saved is a dollar that keeps working for you throughout retirement. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Most people think retirement success depends on the stock market, but one of the biggest factors that determines whether your money lasts isn't what you invest in, it's when and how you withdraw it.
In this episode, we break down the 3 key tax levers that can dramatically impact your lifetime retirement income: Required Minimum Distributions, Roth Conversions, and Social Security. These income sources are deeply interconnected, and if you don't coordinate them properly, you could pay far more in taxes than necessary.
Learn how the sequence of withdrawals can matter even more than your rate of return, and how a thoughtful strategy can protect your nest egg for decades. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Investing isn't hard because of math; it's hard because of emotion. When the market's up, confidence soars and it feels easy to believe the good times will keep rolling. But when the market dips, fear takes over, and that emotional roller coaster can lead to costly mistakes.
In this episode, we explore the critical difference between reacting and reasoning, between emotional investing and intentional planning. You'll learn how to:
- Recognize the emotional traps that cause investors to buy high and sell low - Develop a disciplined plan that keeps you grounded through market ups and downs - Focus on long-term goals instead of short-term swings - Build confidence based on strategy, not sentiment
Because successful investing isn't about predicting the next market move; it's about managing your own next move. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When most people hear the words "estate plan", they picture the ultra-wealthy - people with vacation homes, mansions, and millions in the bank. But here's the truth: estate planning isn't about how much you have, it's about what happens to your loved ones when you're gone.
In this episode, we'll break down what an estate plan really is, and why everyday families in California need one. If you own a home or have more than $184,500 in assets, you could be subject to probate, a long and expensive court process that delays your estate from passing smoothly to your heirs.
We'll unpack the essential building blocks of an effective estate plan, including:
- Living Trusts – how they keep your estate out of probate and protect your privacy - Healthcare Directives – making sure your wishes are honored if you can't speak for yourself - Living Wills – defining the care you want in advance - Powers of Attorney – naming someone you trust to make decisions on your behalf
Your estate plan is one of the greatest gifts you can give your loved ones — not a symbol of wealth, but a plan of protection, clarity, and peace. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The calendar is winding down, and while most people are focused on the holidays coming up, the smart ones know this is also crunch time for tax planning. Once December 31st hits, many of your opportunities to save on taxes disappear, so now is the moment to act.
In today's episode, I'm walking you through eight smart, year-end strategies that can help lower your tax bill and keep more of your hard-earned money where it belongs - with you.
Here's what we'll dig into:
- How to make the most of retirement account contributions before the deadline - When it makes sense to do a Roth IRA conversion before year-end - Smart decisions around Required Minimum Distributions - Ways to give strategically and reduce your tax burden through charitable giving - Why deferring income could drop you into a lower tax bracket - The benefits of accelerating deductions before year-end - Harnessing the triple-tax advantages of Health Savings Accounts - And thoughtful gifting strategies that can help you and your loved ones
If you want to finish 2025 stronger (and smarter) financially, this episode is for you. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
One of the most common questions we hear from retirees is, "How much income can I safely take from my portfolio?". It sounds simple - but it's one of the most difficult questions to answer in retirement planning. If you withdraw too much, you risk running out of money before you run out of life; if you take too little, you might live well below your means and miss out on experiences such as travel or special moments with family that you could easily afford.
The truth is, a good life in retirement doesn't depend on how big your nest egg is, but on how much reliable income that nest egg can produce for the rest of your life. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The strategies that built your wealth aren't always the same ones that will help you keep it. In this episode, we explore why financial approaches that worked so well during your working years can actually work against you in retirement. You've spent decades in accumulation mode, adding to your accounts month after month; but once you retire, the script flips. You're no longer the contributor; you're the withdrawer.
We'll talk about why it's dangerous to stick to the same "financial playlist" from 15 years ago, still chasing high returns and taking on unnecessary risk, and how to shift toward a strategy that protects what you've built while keeping your income steady. Because when you cross the line into retirement, your mindset - and your money management - need to evolve. Listen in.
LET'S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Have you ever sat down with a financial advisor and felt like they were speaking a foreign language? Too often, industry jargon gets in the way of clarity. What sounds like everyday terms to advisors - “25 basis points” instead of “0.25%,” “alpha and beta” instead of “risk and return,” or “Monte Carlo simulations” when talking about withdrawal strategies - can leave the average person confused and frustrated ("are we gambling here?").
In this episode, we translate the jargon into plain English, break down what these terms actually mean, and explain why clear communication is essential when planning for retirement. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
They say rules are meant to be broken - but in retirement planning, some rules are designed with exceptions that can actually work in your favor. In this episode, we explore where flexibility exists in the retirement system:
- IRA & Roth IRA: Special contribution and RMD exceptions that could save you money. - 401(k)s: When you can contribute or withdraw outside the standard rules. - Social Security: Situations where exceptions unlock additional benefits.
Whether you’re a “rule follower” or a “rule breaker,” understanding these exceptions can help you make smarter, legally sound decisions to strengthen your retirement plan. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
With so many listener questions pouring in lately, it was time for another Q&A session. In this episode we tackle the most pressing retirement topics on your mind:
-
Social Security: How to maximize your benefits and avoid costly mistakes.
-
Required Minimum Distributions (RMDs): What the new rules mean for your withdrawals.
-
Inherited IRAs: The latest changes that could reshape your estate planning.
-
Annuities: Where they fit (and where they don’t) in a secure retirement plan.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Many of the “golden rules” of retirement no longer shine. The 4% withdrawal rule, the “set it and forget it” investment strategy, and even long-trusted programs like Social Security and Medicare aren’t as reliable as they once were.
In this week's podcast, we unpack why these outdated approaches could put your financial future at risk, and more importantly, what you can do instead. You’ll learn the new realities of retirement planning, the hidden challenges that could drain your savings, and smarter strategies to protect your income, healthcare, and lifestyle. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Over the past few months, the economic debate has heated up: the Federal Reserve is weighing the possibility of lowering interest rates, President Trump has already extended corporate tax cuts, and the national debt continues to soar. What does all of this mean for your retirement security?
In this episode, we unpack how lower rates could affect everything from your 401(k) and pension returns to the cost of borrowing in retirement. We’ll also explore why Trump is pressing for lower rates — arguing it will ease pressure on the ballooning national debt and further stimulate business growth following his extension of corporate tax cuts.
But not everyone agrees. Democrats continue to push for raising taxes on the wealthy as their answer to debt and inequality, setting up a stark contrast in economic philosophy. One side wants to grow the economy by slashing taxes and borrowing more cheaply; the other says it’s time for the top earners to shoulder the load.
As markets, policymakers, and retirees all brace for the Fed’s next move, we’ll break down the stakes, the politics, and what it means for your financial future. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If a fire broke out, would you know exactly how to respond? In the heat of the moment, panic can take over — and retirement works the same way. The worst time to make critical financial decisions is in the middle of a crisis.
That’s why planning ahead is essential. In this week’s Providence Financial Retirement Show, we share 5 practical ways to fireproof your retirement, so you can face the unexpected with confidence. We’ll cover how to:
✔️ Keep an emergency fund ready for sudden expenses ✔️ Minimize debt before it becomes a burden ✔️ Develop a sustainable withdrawal plan ✔️ Prepare for health care and long-term care costs ✔️ Strengthen your portfolio against downturns
Disasters — financial or otherwise — don’t wait for you to be ready. Listen in and learn how to protect your retirement before the alarm bells go off.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The "big beautiful bill" that just went into play has sparked both praise and criticism — but what does it really mean for retirees and those approaching retirement?
While politicians debate and high-profile voices like Elon Musk warn that this law could widen the deficit and eventually pressure lawmakers to cut spending or raise taxes, supporters argue that reducing taxes puts money back into the pockets of consumers and businesses, fueling growth. Both sides make valid points — but the long-term macroeconomic impact remains unknown.
In the shorter term, what matters most to retirees is clear: taxation and income planning. In this week’s podcast, we unpack how this complex law affects retirement planning, the pros and cons for your financial future, and what steps you can take to protect your income.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Mutual funds are one of the most popular investment tools — but are they the right choice for your retirement? This week on the podcast we take a closer look at mutual funds and ETFs, uncovering fees, tax implications, and drawbacks you may never have considered.
In retirement, it’s not just about growth — it’s about generating reliable income and protecting your nest egg. It's a shift from the accumulation phase of life to the distribution phase of life. We explore why mutual funds are typically designed for the first phase, and what that means when your focus shifts toward income generation and asset preservation.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When you retire, your paycheck stops — but your need for income doesn’t. Too many retirees rely on the “withdrawal method,” slowly spending down their savings and hoping the market cooperates. In this week’s podcast, we explain why building an income stream through interest and dividends can be a smarter, more sustainable approach.
You’ll learn:
✔️ Why the withdrawal method can leave you vulnerable to market swings ✔️ How income-focused investing works in retirement ✔️ The types of investments that can generate steady interest and dividends ✔️ How to choose the strategy that’s best for your goals and risk tolerance
If you want to make your money work for you — without worrying about outliving your savings — this episode is for you. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
We’re officially in the second half of the year — and just like in football, halftime is the perfect moment to reassess the game plan and take a strategic pause to evaluate your finances, goals, and risk exposure before the year slips away.
Ask yourself:
✔️ What’s gone well so far this year—and what hasn’t? ✔️ Have your goals, income, or expenses changed since January? ✔️ Are you on track for retirement or just hoping for the best? ✔️ Are you exposed to more risk than you realize as the market shifts?
Don’t let the second half of the year catch you off guard. Listen in and get practical steps to realign your finances and finish the year strong.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Most people think retirement readiness is all about the numbers — but there’s a lot more to it than that. In this week’s episode, we explore what it truly means to be ready for retirement — not just financially, but mentally and emotionally too.
We’ll cover the financial side, including: ✔️ Creating reliable income that lasts ✔️ Managing inflation and taxes ✔️ Planning for longevity and the sequence of returns
And we’ll also tackle the often-ignored mindset side: ✔️ How to find purpose beyond your career ✔️ Ways to avoid boredom, loneliness, and regret ✔️ What it really takes to enjoy your hard-earned freedom
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
A successful retirement isn’t just about how much you’ve saved — it’s about how wisely you manage it. In this episode, we walk through some of the most effective strategies for turning your nest egg into lasting, tax-efficient retirement income.
We’ll cover: ✔️ Tax-saving moves that can keep more money in your pocket ✔️ When annuities make sense—and when they don’t ✔️ How to structure your portfolio for growth and stability ✔️ Smart timing strategies for claiming Social Security ✔️ How all of these pieces work together to create a secure retirement
Whether you’re already retired or planning ahead, this episode is packed with actionable insights to help you avoid costly mistakes and retire with confidence. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Long-term care is one of the most underestimated — and financially devastating — challenges facing retirees today. In this week’s episode of The Providence Financial Retirement Show, we break down everything you need to know about preparing for the possibility of needing care in your later years.
Whether it’s home health assistance, assisted living, or full-time nursing care, the reality is that 70% of people over age 65 will need some form of long-term care. Yet very few have a solid plan in place to cover these expenses.
In this episode, you’ll learn: ✅ What long-term care really includes (and what it doesn’t) ✅ Why Medicare and health insurance won’t cover the costs ✅ The current average price of care in California and beyond ✅ The consequences of waiting too long to plan ✅ Pros and cons of traditional long-term care insurance vs. hybrid options ✅ How to build a tax-smart plan that protects your assets and your loved ones
Don’t wait until a crisis hits to figure this out. Listen in and take one of the most important steps you can toward financial peace of mind.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Join me for a comprehensive review of retirement account essentials — covering how to maximize benefits, avoid pitfalls, and optimize for both tax efficiency and legacy planning.
-
Traditional IRA: Tax-deferred contributions grow until withdrawal; ideal for those seeking upfront tax deductions
-
Roth IRA: After‑tax contributions grow tax-free, with no required minimum distributions—great for long‑term tax flexibility
-
Roth Conversions: Strategically moving funds from traditional to Roth accounts can reduce future RMDs and lock in today's tax rates
-
Tax Strategies: Balancing traditional and Roth accounts helps manage tax liability both now and in retirement
-
Common Mistakes: Avoid errors like overcontributing, neglecting contribution deadlines, or ignoring Roth income limits
-
Advantages: Gain tax diversification, penalty-free withdrawal options, and more flexibility in estate planning
Whether you’re accumulating or distributing, these insights will help you optimize every step of the way. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Join us for a Q&A-style deep dive as we tackle the retirement planning questions you’ve been asking:
Inflation: Learn how rising prices slowly chip away at your purchasing power — what used to cover essential expenses now may fall short.
Interest Rates: Discover the ripple effect of rate changes on income streams and savings—whether you’re holding CDs or fixed-income investments.
Stock Market Volatility: Anthony explains why market swings shouldn’t derail your long-term retirement income plan and how to stay grounded.
4% Rule: Is it still reliable? We’ll revisit this classic withdrawal guideline and see how it's holding up in today’s environment.
Roth Conversions: Hear how moving funds to a Roth IRA can minimize future RMD pressure and provide tax-free income—plus advanced strategies like conversion “ladders.”
RMDs: What are they, when do they start, and why delaying them — or converting ahead of time — might help you save on taxes.
CDs: Unpack the benefits and pitfalls of certificates of deposit as safe, short-term income vehicles—plus why they may not keep pace with inflation.
Annuities: We'll cover when annuities make sense, what fees to look out for, and how they compare to other income sources.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Welcome to episode #400! This week, we explore the unseen cost of inaction in retirement planning — from delaying tax planning and staying trapped in growth investments (rather than shifting to income investments), to hoping the market simply rebounds.
With interest rates expected to drop later this year and tax laws set to evolve — such as potential extensions of tax cuts and raised standard deductions for seniors — clinging to outdated assumptions can quietly erode your nest egg.
Learn why the time to act is now: expert tax preparation, timely portfolio rebalancing, and shifting from accumulation to income strategies can make a significant difference. Inaction, especially in today’s economic environment, is the real retirement risk.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
With recent market turbulence — fueled by geopolitical tensions, rising oil prices, tariffs, and inflation — many retirees are feeling the pressure. How do you stay grounded when everything is shifting? In this week's podcast, we break down how these forces can impact your retirement income strategy and why having a proactive, long-term plan is more important than ever.
What you'll learn:
- How Fed policy is evolving in response to rising energy costs and global conflict - Why keeping a cash reserve and avoiding emotional moves matters now - Strategies to adjust your portfolio during periods of sustained volatility
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
We take the time this week to explore the evolving dynamics of retirement planning. Gone are the days when a 30-year tenure at a single company culminated in a comfortable pension and a worry-free retirement. Today, retirees face a complex array of challenges, including inflation, market volatility, and the gradual disappearance of traditional pension plans.
We delve into how the Federal Reserve's monetary policies influence interest rates, impacting both savings and investment returns. We also discuss the shift from defined benefit to defined contribution plans, placing more responsibility on individuals to manage their retirement savings effectively.
With life expectancies extending into the late 80s and beyond, the need for a sustainable retirement income strategy has never been more critical. We also address your listener questions, providing insights into creating a resilient financial plan that accounts for longer lifespans, healthcare costs, and the need for income distribution strategies that adapt to changing economic conditions.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's podcast sheds light on seven critical yet often overlooked warning signs that could derail your retirement plans.
-
Market Volatility: Sudden market swings can significantly impact your retirement savings, especially if they occur early in your retirement. Understanding sequence of returns risk is crucial to safeguarding your nest egg.
-
Inflation's Silent Erosion: Over time, inflation can diminish your purchasing power, affecting your ability to maintain your desired lifestyle. It's essential to have strategies in place to combat this silent threat.
-
Outdated Estate Plans: Life changes, and so should your estate plan. Failing to update your estate documents can lead to unintended consequences for your heirs.
-
Overspending in Early Retirement: The initial years of retirement can be exciting, but excessive spending during this period can jeopardize your long-term financial security.
-
Lack of a Comprehensive Retirement Plan: Without a structured plan, you may find yourself unprepared for the financial challenges of retirement. A well-thought-out strategy is essential for peace of mind.
-
Staying Stuck in the Risky Growth Phase: While growth investments have their place, failing to adjust your portfolio as you age can expose you to unnecessary risks. It's vital to reassess and rebalance your investments periodically.
-
Neglecting to Rebalance Your Portfolio: Over time, your asset allocation can drift from its intended targets. Regular rebalancing ensures your portfolio remains aligned with your risk tolerance and financial goals.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's podcast is focused on the intricacies of Required Minimum Distributions (RMDs) and Roth IRA conversions—two pivotal elements in retirement planning.
With the age for initiating RMDs now set at 73, retirees are compelled to withdraw a minimum amount annually from their traditional retirement accounts, potentially escalating their taxable income. We explore strategies to manage these distributions effectively, including the timing of withdrawals and the implications of deferring the first RMD to April 1 following the year one turns 73.
Transitioning to Roth IRA conversions, the discussion highlights how converting traditional IRA funds to a Roth IRA can offer tax-free growth and eliminate future RMDs. However, this strategy requires careful consideration of current tax brackets, potential Medicare premium increases, and the availability of non-retirement funds to pay the taxes due upon conversion.
We also address advanced concepts such as:
-
Strategic Timing of Conversions to minimize tax impact
-
Partial Conversions (preading conversions over several years to manage tax liabilities and avoid pushing into higher tax brackets)
-
Legacy Planning (leveraging Roth IRAs to provide tax-free inheritances to beneficiaries, enhancing estate planning strategies)
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week on the podcast we delve into the rising interest in annuities as a response to current economic uncertainties. With market volatility, discussions of potential recessions, and global tensions, many retirees are seeking stability over growth, making annuities an attractive option for guaranteed income.
We explore how annuities function, their benefits in providing a steady income stream, and the reasons behind their recent surge in popularity. However, it's essential to understand that annuities aren't a one-size-fits-all solution. We'll discuss scenarios where annuities might not be the best fit, highlighting potential drawbacks such as fees, liquidity concerns, and the importance of aligning financial products with individual retirement goals.
Tune in to gain a comprehensive understanding of annuities and determine if they align with your retirement strategy in these unpredictable times.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode of the Providence Financial Retirement Show, we discuss the recent implementation of President Trump's tariffs and their potential impact on the economy and retirees. With tariffs reaching up to 145% on Chinese imports, consumers may face higher prices on everyday goods, from electronics to clothing.
Anthony discusses how these tariffs, intended to protect domestic industries and influence trade negotiations, can lead to increased inflation and market volatility. For retirees on fixed incomes, this could mean a decrease in purchasing power and potential adjustments to retirement plans.
The episode also explores strategies to mitigate these risks, emphasizing the importance of diversification and a balanced portfolio. By understanding the broader economic implications of tariffs, retirees can make informed decisions to safeguard their financial future.
Listen in to gain insights on how to navigate the complexities of the current economic landscape and ensure a stable and secure retirement.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode of the podcast, we delve into the often-overlooked emotional aspects of retirement planning. While market corrections, geopolitical tensions, and economic uncertainties can stir anxiety, it's the mastery over our emotional responses that truly determines retirement success.
A successful retirement isn't solely about the size of your portfolio but about ensuring a steady income stream that lasts a lifetime. Drawing parallels between financial strategies and emotional preparedness, we discuss how understanding concepts like sequence of returns risk and maintaining a diversified portfolio can safeguard your retirement income. Moreover, we highlight the importance of having a well-thought-out plan that anticipates market volatility, ensuring that decisions are made based on strategy rather than emotion.
Listen in to gain insights on how to align your financial plans with emotional resilience, ensuring that your retirement years are not only financially secure but also filled with peace of mind.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this week's podcast, we delve into four critical aspects of retirement planning that can significantly impact your financial future.
-
Roth Conversions: This strategy involves transferring funds from a traditional IRA or 401(k) to a Roth IRA, paying taxes on the converted amount now to enjoy tax-free withdrawals later. It's particularly beneficial if you anticipate higher tax rates in the future or want to reduce required minimum distributions (RMDs) in retirement.
-
Inflation: Over time, rising prices can erode the purchasing power of your retirement savings. Even modest inflation rates can significantly impact your ability to maintain your desired lifestyle, making it essential to incorporate inflation-protected investments into your portfolio.
-
Sequence of Returns Risk: This refers to the danger of experiencing poor investment returns early in retirement, which can deplete your portfolio more rapidly due to simultaneous withdrawals. Implementing strategies like adjusting withdrawal rates or maintaining a diversified portfolio can help mitigate this risk.
-
Bonds: Traditionally seen as a stable income source, bonds can provide diversification and reduce overall portfolio volatility. However, in certain economic climates, such as periods of rising interest rates or inflation, bonds may underperform, necessitating a reassessment of their role in your investment strategy.
Listen in as we explore these topics to help you make informed decisions for a secure and comfortable retirement.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode, we explore how retirement planning can resemble a magic show—filled with illusions that may mislead.We'll discuss how perceived low-risk investments might carry hidden dangers, the importance of distinguishing between market volatility and actual financial loss, and the value of having a knowledgeable advisor to guide you through the complexities.
Just as a magician's assistant is crucial to the performance, a trusted financial advisor can be essential in navigating your retirement journey. Join us as we uncover the truths behind the myths and help you plan for a retirement that's grounded in reality. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this week's episode, we delve into the recent market volatility and the factors contributing to it, including trade policy uncertainties and economic growth concerns. We discuss the importance of having a well-structured plan that anticipates market fluctuations, ensuring you're prepared to respond calmly rather than react emotionally.
Just as regular health check-ups can catch issues early, proactive portfolio planning can help you navigate market downturns effectively. Listen in to learn how being properly invested for your phase of life can turn market corrections into opportunities rather than setbacks.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode, we explore critical areas where procrastination can lead to unexpected challenges in retirement. By addressing these issues early, you can ensure a more secure and comfortable future:
-
Tax Planning: Delaying tax strategies can result in higher liabilities during retirement. Proactive planning helps minimize taxes on withdrawals and investments, preserving more of your savings.
-
Long-Term Care: Many underestimate the likelihood of needing long-term care, which can be costly. Early planning, including considering insurance options, can protect your assets and provide peace of mind.
-
Home Maintenance: Neglecting regular upkeep can lead to significant expenses down the line. Addressing repairs promptly maintains your home's value and prevents larger issues during retirement.
-
Retirement Account Withdrawals: Without a clear strategy, you risk depleting your savings too quickly or facing unexpected tax consequences. Understanding withdrawal rates and tax implications is crucial for sustaining your income.
-
Estate Planning: Postponing the creation of a comprehensive estate plan can lead to legal complications and unintended asset distribution. Establishing wills, trusts, and powers of attorney ensures your wishes are honored and your loved ones are protected.
By taking action in these areas now, you can prevent future discomfort and secure a more predictable and comfortable retirement.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode, we examine eight common retirement expectations and contrast them with the realities many retirees face:
-
Lower Expenses: Many anticipate reduced living costs in retirement, but factors like healthcare, travel, and leisure activities can keep expenses high.
-
Manageable Healthcare Costs: While some believe Medicare will cover all health expenses, out-of-pocket costs for services like dental, vision, and long-term care can be substantial.
-
Reduced Taxes: It's a common belief that taxes decrease in retirement; however, withdrawals from tax-deferred accounts and other income sources may keep tax liabilities significant.
-
Optimal Social Security Strategy: Many assume they're maximizing Social Security benefits, yet factors like timing and spousal benefits can greatly influence the amount received.
-
Continuing to Work: Some plan to work part-time during retirement, but health issues or job market challenges can hinder this intention.
-
Reliable Financial Advice: Trusting that all financial advisors have one's best interests at heart can be misguided; it's essential to ensure advisors are fiduciaries committed to acting in your favor.
-
Consistent Investment Income: Relying solely on investments for income assumes market stability, yet market volatility can impact returns and financial security.
-
Certainties in Retirement: While some aspects are unpredictable, retirees can anticipate factors like market fluctuations, legislative changes, inflation, and unforeseen expenses, emphasizing the need for flexible planning.
Listen in as we explore these topics to help you better prepare for a retirement that aligns with reality.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode, we challenge conventional retirement planning approaches that may not suit everyone's unique needs:
The Buy-and-Hold Dilemma: Wall Street often promotes a buy-and-hold strategy, encouraging investments in stocks and mutual funds without considering how to convert these assets into usable income during retirement. Without a clear plan to liquidate these assets, retirees might struggle to access their wealth when needed.
The 4% Withdrawal Rule Revisited: Traditionally, retirees have been advised to withdraw 4% of their portfolio annually to sustain their retirement funds. However, recent analyses suggest that this rule may no longer be as reliable, especially given today's economic conditions and longer life expectancies.
Market Resilience Assumptions: Advisors often reassure clients to "hang in there" during market downturns, asserting that markets will rebound over time. While this may hold true in the long run, it doesn't account for individual circumstances, such as age and risk tolerance, which are crucial in retirement planning.
Join us as we explore these topics and discuss personalized strategies to ensure your retirement plan aligns with your unique goals and circumstances.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode, we delve into two primary strategies for funding your retirement:
- Income Method (Interest and Dividends): This approach focuses on generating income by investing in assets that provide regular interest or dividend payments, such as bonds or dividend-paying stocks. By living off this income, you preserve your principal investment, potentially extending the longevity of your portfolio.
- Withdrawal Method (Selling Shares): This strategy involves systematically selling portions of your investment portfolio to fund your retirement expenses. A common guideline here is the "4% rule," which suggests withdrawing 4% of your portfolio in the first year of retirement and adjusting that amount for inflation in subsequent years. However, this method can be vulnerable to market fluctuations and may risk depleting your assets over time.
If you've been following our show, you likely know which method we favor. Listen in to learn more about these strategies and discover why we advocate for one over the other.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement isn’t just about leaving work — it’s about stepping into a new chapter of life with purpose and intention. But too many retirees find themselves feeling lost once they’re no longer defined by their careers. Who are you now, and what will you do to stay fulfilled?
In this episode, we’ll discuss how to be proactive in shaping a meaningful retirement. We’ll cover:
✔️ The importance of staying active and setting clear personal goals ✔️ How to redefine your identity and purpose beyond your job ✔️ Making the crucial shift from the accumulation phase to the distribution phase of your financial life ✔️ Strategies to ensure your retirement years are not just financially secure, but deeply fulfilling
Retirement is your time to thrive, not just coast. Listen in and learn how to create a life you love in this next phase.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Just like sports, retirement requires a solid game plan. Are you ready for the biggest game of your life? In this episode, we’ll walk you through the Retirement Playbook — a strategic guide to ensure all the components of your retirement work together seamlessly so you can win the retirement game.
But what does “winning” in retirement actually mean? It’s about having financial security, peace of mind, and the freedom to enjoy life on your terms. Just as no sports team relies on a single play, your retirement shouldn’t depend on just one strategy. We’ll discuss how to build a flexible plan that can adapt to whatever life throws your way.
And just as important as the playbook is choosing the right coach. In the second half of life, you need an advisor who focuses on defense — protecting your assets — rather than risky offensive plays.
Listen in to learn how to create a winning retirement strategy and make sure you’re fully prepared for “game day”.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Got questions about retirement? You’re not alone! In this special Q&A episode, we’re tackling some of the most common questions we’ve received, including:
🔹 Required Minimum Distributions (RMDs) – How do they work, and how can you prepare to avoid costly penalties? 🔹 Long-Term Care (LTC) – What are your options, and how can you protect your assets from the high costs of care? 🔹 Annuities – Are they the right choice for guaranteed income, or should you consider other alternatives? 🔹 Estate Planning – Why it’s essential to have a solid plan to protect your legacy and provide for your loved ones. 🔹 Inheritance Tax – Who has to pay it, and how can you minimize the impact on your heirs?
Don’t miss this informative episode, packed with valuable insights to help you navigate the complexities of retirement planning. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
A secure and stress-free retirement doesn’t happen by chance — it requires understanding key financial concepts that can make or break your retirement plan. In this episode, we’re covering eight crucial retirement principles that every retiree and pre-retiree should know, including:
✅ Sequence of Returns Risk – Why market downturns early in retirement can be devastating ✅ The 4% Rule – Is it still a reliable withdrawal strategy? ✅ Longevity Risk – How to make sure your money lasts as long as you do ✅ Bond Laddering – A smart way to generate steady income ✅ Required Minimum Distributions (RMDs) – What you need to know to avoid penalties ✅ Asset Allocation – Finding the right balance between growth and security ✅ Inflation Risk – How rising costs impact your retirement income ✅ The Bucket Strategy – A structured approach to managing your retirement funds
Ignoring these concepts could lead to costly mistakes — but understanding them can help you retire with confidence. Listen in to learn how to protect and grow your wealth for the long haul.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement isn’t just a single event — it’s a journey with important milestones along the way. There are specific ages when you become eligible for certain benefits, gain new financial opportunities, or face new restrictions. Knowing these key moments can help you maximize your savings, avoid penalties, and make smarter decisions about your retirement future.
In this episode, we’ll break down 10 crucial retirement milestones, including:
✔️ age 50 (catch up contributions) ✔️ age 55 (401k early withdrawal exception) ✔️ age 59 1/2 (take money out of IRAs without any penalty, and do in-service withdrawals with your 401k) ✔️ age 60 (can start collecting survivor benefits for Social Security) ✔️ age 62 (earliest age to claim Social Security) ✔️ age 65 (can enroll in Medicare) ✔️ age 65-67 (full retirement age, when you can collect the full amount of Social Security you're entitled to) ✔️ age 70 (the latest you can wait to start collecting Social Security) ✔️ ages 73 and 75 (have to start taking Required Minimum Distributions out of pre-tax retirement accounts)
Listen in to ensure you’re prepared for every step of the journey.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Long-term care (LTC) insurance has changed, and it may not be as expensive or complicated as you think. In this episode, we break down asset-backed long-term care insurance—how it works, why it’s different from traditional LTC policies, and whether it’s the right solution for you.
We’ll also discuss what long-term care actually is, who might need it, and the common misconception that Medicare will cover these costs. While Medicare does provide some assistance, coverage is extremely limited—leaving many retirees exposed to significant out-of-pocket expenses. For example, after just 20 days of care, you could be responsible for up to $16,000 in co-payments over the next 30 days!
If you want to protect your assets and ensure you have the right plan in place, this is a show you don’t want to miss. Listen in to learn how to prepare for the future without breaking the bank.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The recent devastating fires in Southern California have been a harsh reminder of how quickly life can change. Many losses were irreplaceable—personal memorabilia, sentimental items, and even lives, in some cases, because warnings weren’t heeded. Just as it's crucial to prepare for physical emergencies, the same applies to your retirement.
In this episode, we discuss five essential steps to safeguard your financial future, no matter what lies ahead:
1️⃣ Building an emergency fund 2️⃣ Minimizing debt 3️⃣ Creating a sustainable withdrawal strategy 4️⃣ Preparing for healthcare costs 5️⃣ Stress-testing your portfolio for financial disasters
Just because the past 15 years have been smooth doesn’t mean the future will be. Listen in to learn how to protect your retirement from unexpected challenges—before it’s too late.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Starting this week, we have a new President. With this transition, many retirees are wondering: How will the Trump Presidency impact my retirement over the next four years?
In this episode, we break it down into two key areas: taxes and the economic environment. We’ll discuss potential tax changes, how they could affect your retirement income, and what steps you can take to prepare. We’ll also explore the broader economic outlook, including interest rates, market trends, and inflation, and what they mean for your investments and financial security.
No matter what changes lie ahead, the key to a stress-free retirement is preparation. Listen in to learn what you need to know and how to keep your retirement strategy on track—no matter who’s in office.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week’s show is a little different! Over the holidays, we received a flood of great questions, and today we’re dedicating the episode to answering as many as possible. We’ll cover a range of topics, including taxes, annuities, reverse mortgages, and how fixed-income portfolios might react if the FED lowers interest rates. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
As we step into a new year, it’s the perfect time to pause and reflect on your retirement journey. Take a moment to look back at last year — did you achieve the financial milestones you set? What worked well, and what could have been better? Reflecting on these experiences is key to making more informed decisions moving forward.
Now, shift your focus to this year. What are your top priorities? This is what our first podcast of 2025 (and of season 6, would you believe it?) is all about — focusing on setting clear, actionable steps to secure your financial future:
- health care planning - tax strategies - reviewing your investments - creating a bucket list - emergency fund - lifestyle considerations - estate planning
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What if some of the beliefs guiding your retirement and investment decisions aren’t true? In this episode, we dive into the critical difference between opinions—ideas that can’t be proven—and facts, which are backed by evidence. Just as humanity once believed the Earth was flat or the center of the universe, we may be holding onto outdated assumptions about money, retirement, and investing.
Join us as we question the “truths” we take for granted and explore how shifting your perspective can lead to smarter financial choices and a more secure retirement. We’ll also dive into the seven main risks of retirement and how to prepare for them. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
With a triple-red government ahead, one of the most common questions I hear is, "How should we invest now?" The truth is, the answer remains the same—your investment strategy should align with the phase of life you’re in, regardless of who’s in office.
In this episode, we break down the three key life phases for investing: accumulation, protection, and distribution. Learn how to identify your phase, align your investments with your goals, and create a plan that ensures you can retire on schedule—no matter what happens in the world of politics. Listen in to gain peace of mind and clarity as we head into 2025.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement is meant to be a time of freedom and enjoyment, but are you truly in charge of your financial future, or is it controlling you? Too often, I talk to retirees who are letting fear or indecision shape their retirement. Whether it’s trying to avoid taxes, delaying Roth conversions, or ignoring the need to plan for long-term care, these choices can lead to worry and stress — even in retirement.
When your retirement plan is set up the right way, you can enjoy life without stressing about the economy or politics. In this episode, we dive into strategies to help you take back the reins and ensure your retirement plan works for you so you can enjoy it fully — no matter what comes your way. Tune in to learn how to make your retirement truly yours.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
As the year comes to a close, it’s the perfect time to review your financial plan and ensure you’re set up for a successful retirement. In this episode, we walk through a 10-point checklist to help you maximize savings, optimize taxes, and fine-tune your retirement strategy before the new year begins.
- Required Minimum Distributions 2. Roth conversions 3. tax-loss harvesting 4. tax bunching 5. Medicare 6. charitable contributions 7. evaluating your estate plan 8. budgeting and cash flow planning 9. evaluating your risk exposure 10. making sure you have the appropriate investments for your phase of life
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this special Thanksgiving edition of our podcast, we’re counting blessings that retirees in the U.S. can truly be thankful for. We explore 7 surprising reasons to feel gratitude, from groundbreaking medical advances and the joy of friends, family, and hobbies to the ability to amass wealth, plan a legacy, and enjoy financial freedom. We also touch on how access to information, financial advisors, and a fair tax system contribute to a peaceful and stress-free retirement. Listen in for an uplifting reminder of why retirement in America is something to be truly thankful for.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When planning for retirement, one of the biggest challenges is ensuring your money lasts as long as you do. But what’s the best way to generate that income? Should you rely on interest and dividends, or sell off shares as needed? In this episode, we break down the key differences between the income method—earning from interest and dividends—and the withdrawal method, which involves selling shares to fund your expenses.
If you’re a regular listener, you probably know which strategy we strongly advocate. Tune in to learn why creating a sustainable income stream can provide more stability, protect your principal, and give you greater financial peace of mind throughout retirement.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode, we take a comprehensive look at the diverse income sources available to help you make the most of your retirement savings and ensure they last as long as you do. Tune in as we explore key strategies, including:
- Maximizing Social Security benefits
- Contract-based investments
- Real estate investment trusts (REITs)
- Preferred stocks for steady returns
- Bonds as a foundation for income stability
Whether you're planning for retirement or already enjoying it, this episode is packed with insights to help you build a sustainable financial future.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's podcast is an inside look at the four guiding principles that shape our financial planning approach at Providence Financial. Discover how these principles can help you build a strong financial foundation, navigate economic changes, and reach your goals with confidence.
We will discuss each principle in detail, exploring how they drive smart investment strategies, income security, risk management, and long-term growth. Whether you’re just starting your financial journey or looking to refine your retirement strategy, this show is for you! Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this show, we're taking a higher level look at retirement than we normally do. We'll climb to the highest peak and look down, surveying the landscape.
What is your ultimate goal for retirement? Is it to pursue your favorite hobbies or pick up new ones? Is it to stay active hiking or biking? Is it travel? And if so, where will you go? How long will you stay? Will it be a 5-star resort or the cheapest place possible? Maybe your goal is to volunteer at your favorite church or charity. It's also not uncommon to want to work but just part-time at a place you enjoy.
Regardless of what your ultimate retirement looks like, you need to be cautious of the risks standing in the way. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Truth be told, I'm not a big fan of Halloween. In fact, it's my least favorite holiday (if you can even call it that). It celebrates death and, as a believer in the Lord Jesus Christ, there's nothing less worthy of celebration than that.
But anyway - every year I like to do a show tied to the Halloween theme, and this week I'd invite you to listen as we discuss how you can avoid 10 pitfalls which, if you're not careful and proactive, can haunt you throughout your retirement.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
"Why are you so passionate about investing for income?" Someone asked me this question recently and we're starting this show with the four main reasons why:
- you know you can count on your income because you don't have to sell shares and cannibalize your principal 2. it allows you to do planning, not guessing 3. it's much less stressful 4. it allows you to have a peaceful retirement, without having to worry about running out of money before you run out of life
We'll also answer questions about gold investments, Roth IRAs, Required Minimum Distributions, and Social Security.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
We're rapidly approaching the end of the year and the time to start thinking about taxes is now. In this show, I cover 8 tax-saving strategies you can implement by the end of 2024 in order to maximize how much you keep.
- retirement account contributions
- Roth IRA conversions
- Required Minimum Distributions
- charitable giving
- deferring income
- accelerating deductions
- health savings accounts
- gifting strategies
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's show is a bird's eye view of seven core principles you must implement in order to enjoy a healthy retirement; we've covered each one in detail in previous episodes so make sure to browse our archived shows for more specific information on any topic you may want further help with.
- determine how much money you will need to retire 2. strategize for Required Minimum Distributions 3. find out what the best time is to file for Social Security benefits 4. make clear arrangements should the death of a spouse occur (grieving time is the worst time to handle this) 5. prepare for the possibility of needing Long Term Care 6. assemble an estate plan 7. make sure your portfolio is properly allocated
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
As I meet with retirees day after day, I find that many of them did not take full advantage of the options available to them before they retired. Because of that, they are losing benefits and opportunities and certainly not maximizing their retirement.
In this show, I'll cover 6 key steps you should take before you retire in order to make the most of it.
- develop a plan 2. eliminate debt 3. strategize your income and expenses 4. consider Roth conversions 5. maximize your savings 6. review your investment strategy
Listen in as we take them one by one and go into more depth.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What is the #1 quality needed to be a successful investor and retire well? The answer is self-discipline.
The emotional part of investing has more effect on most people than they'd care to admit. Money is an emotional thing. Think about how you feel when your portfolio loses money; or the opposite, when your statement shows higher numbers than last month. If we have self-discipline, this rollercoaster of emotions won't lead to bad decisions.
How do you train yourself to become a disciplined investor? Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Harris v. Trump presidency - how stable will your retirement be in either case? I weighed in on this recently for Yahoo Finance and Nasdaq and wanted to share my thoughts in this week's podcast. Listen in.
You can also read the articles here:
Harris presidency outcome: https://finance.yahoo.com/news/stable-retirement-savings-stay-under-120220853.html
Trump presidency outcome: https://www.nasdaq.com/articles/how-stable-would-your-retirement-savings-be-under-second-trump-presidency
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this week's podcast, I'm going to ask a provocative question: Are you controlling your retirement, or is your retirement controlling you? As you're going to find out, I often find that most people are living their retirement in fear and they're not living the life they were expecting before they retired.
At the root of this issue is the emotional component. If you're not confident in your retirement plan, of course you're going to feel uneasy. Your investments, your spending and saving habits, and your retirement strategy also come into play.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's podcast is a market update and there's certainly no shortage of topics to address: the FED, inflation, recession, what's ahead for stocks and for you as a retiree.
As always, we'll feature our Q&A segment answering questions you've submitted to the show.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this week's podcast I cover four reasons why it's harder for you to retire than it was for your parents:
- technology advancement 2. information overload 3. changes to pension plans and 401(k) 4. changes to government benefits
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's podcast is a Q&A based on some recent questions I've received from our listeners. Here are some of the topics we'll cover:
- what's the best way to take your Social Security? - what are the biggest mistakes retirees make with their planning? - should I include junk bonds in my portfolio? - if the Fed lowers interest rates this fall, how will that affect fixed income investments?
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When it comes to retirement planning, one of the key questions people often grapple with is whether to keep things simple or embrace a more complex approach. Both strategies have their merits, but the right choice largely depends on your individual circumstances, goals, and comfort level with financial matters.
A simple retirement plan typically involves basic strategies such as saving a percentage of your income in a 401(k) or IRA, choosing a handful of low-cost index funds, and automating your contributions. Benefits would include ease of understanding, lower costs and less stress.
On the other hand, a more complex retirement plan might involve multiple types of accounts, diverse investment strategies, tax optimization, estate planning, and perhaps even incorporating real estate or business interests. This comes with advantages such as customization, diversification and tax efficiency.
What's better for you? Listen in to find out how you can strike a balance between these two approaches.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
"I have a 401(k) and I'm retiring very soon. What factors should I consider when I think about whether or not to roll it over?" This is a recent question we received from our listener Andrew. A few years ago, it became quite popular for companies to allow in-service withdrawals. There are arguments on both sides and, just like for any other financial decision, there are many factors to consider, the first one being age. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's podcast is all about annuities. An investment vehicle that's popular with retirees because they're designed to give a steady stream of income that will last for life, annuities are also controversial - some of you hate them, some of you love them. Certain types of annuities have become a lot more popular lately because interest rates have gone up, so these types of annuities will give you more income right now. We'll cover these as well as some cons and pitfalls of annuities during this show. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Last week marked 25 years since I got started in the financial planning business, on July 17, 1999. You know what they say about experience, right? It's something you don't get until just after you need it. Fortunately, with 25 years under my belt, I have plenty of it and for this week's show I've picked 5 lessons and 5 client stories to share with you; some of them are quite riveting, so hang on and listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
I've done quite a few interviews recently and the main questions always seem to be: where are we now when it comes to the economy, where are we going and how can we protect ourselves.
My answer usually starts with inflation which has been hot but is finally showing signs of cooling off - not by a lot but we'll take whatever we can get. I explain why we have inflation in the first place and also cover wage inflation and how those costs get passed on to the consumer.
As a retiree, how can you protect yourself against rising inflation as you move 10, 20 and 30 years into retirement? My number one tip is to start planning early - a good 10 years or more before you retire.
Listen in for more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In today's show we're going to answer a few listener questions:
- Debt in retirement (the goal is to be debt-free, and that includes your mortgage) - Required Minimum Distributions (how to avoid the largest tax in the IRS tax code) - Life insurance (do you need it and how much do you need depending on your risk class)
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This week's show is a bird's eye view of various sources of income you can take advantage of during retirement as you strive to maximize your savings and make them last as long as you do. We cover:
- Social Security - investing for contract - real estate investment trusts - preferred stocks - bonds
We also take a few minutes to explain what being an income advisor as a specialty means and why working with an income advisor is a great idea once you exit the working years. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
How does Long Term Care insurance work? If you're in the camp that thinks, "I don't need it", you may simply not know enough about it yet, especially when it comes to the newer types of policies available.
Life Insurance on the other hand is thought of by most as a "necessary evil" - but as you'll find out after this show, it's actually a wise piece of the puzzle in any sound financial portfolio. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
"What will the Federal Reserve do with interest rates in the near future and how will it affect my retirement?" This seems to be the question on everyone's mind lately, as news reports about the state of the economy come out seemingly weekly. The problem is, the leading authorities are great at spinning these reports in whatever way suits them best.
Apparently, the FED is getting inflation under control and GDP is slowing down to around 1%/year compared to 3.7% last year. The 10 year Treasury had been hovering around 4.6%, then dropped to 4.5%, then to. 4.4% just 2 days after the CCI report came.
This is important because when interest rates go up, the value of all financial assets tends to go down; the opposite is also true. So what's happening now is that everyone is speculating as to when the FED will start lowering interest rates. Listen in for my thoughts.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Why is it so important to generate income through interest and dividends rather than through the withdrawal method? In this show, we explain the difference between the income method and the withdrawal method (selling shares). If you've been following our show for any length of time, you can probably guess which method we highly favor over the other. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
How do you have a successful retirement? I've been a financial advisor for a quarter of a century and I've met many happy and fulfilled retirees, but also many who are not so happy and are even miserable.
When people retire and they don't have anything to retire for, they frequently end up passing away early. It's because they have nothing much to live for anymore. A successful retirement is not just defined by how much money you have saved; but by the goals you have set for yourself as you enter this new phase of life.
We retire to live, not to die. What if you live another 30 years? You need to be moving towards something; to have a purpose. How do you do that? Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
As a general rule, being proactive is better than being reactive. While there are certainly situations when waiting is the wise thing to do, there is a difference between that and procrastinating on what we already know we should be doing. That's definitely true about finances and especially as it relates to setting up a proper strategy to invest for and secure your retirement.
In this show, we'll talk about different areas where people tend to procrastinate in when it comes to retirement planning. Some of these can be quite costly, so listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
You may have never given much thought as to how many of your decisions are made based on biases that are mostly unconscious. How you look at life is based on your biases and preconceived ideas that help you form your opinions which in turn lead to your actions.
In this week's show, I cover 10 hidden biases related to your finances and your retirement. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
I've been an advisor for 25 years and I'm also an estate planning attorney who's prepared thousands of estate plan portfolios. You've probably heard me say that no financial plan is good without an estate plan.
You can do a great job building up your nest egg during the accumulation phase, then switching to income investing during the retirement phase to make sure you never run out of money. But if you pass away and leave your estate a big mess for your kids so that a good chunk of it goes to attorney fees and probate - that's not wise. A good part of estate planning is making sure your assets are passed on to those you choose.
What are the vital components of a properly crafted estate plan? Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
"What if I need my retirement money early?"
As a general rule, I recommend that people roll over their 401(k) into an IRA at 59 1/2 or whenever they can; but there are cases in which it may be beneficial to leave the money in the 401(k) or withdraw it early: disability, financial hardship, being called up as a reservist, or even becoming a first-time home buyer or paying for higher education. But a lot of these exceptions need to be used with caution, and that's what we're going to spend our time talking about in this show.
We also have several listener questions which are relevant to this topic. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When should you actually start planning for retirement? If you're 10 years away from it, is it too soon or is it too late? It's not uncommon for someone to call us and say they're retiring within a few months and they don't want to make any mistakes.
Over the last 25 years, we've had two major market crashes at around 50%. We have not had a crash in 15 years. If you wait until the last minute to plan your retirement, what happens if the market tanks? Will you be able to retire?
If these questions raise more questions for you, you may want to listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
It's all about income on today's show: we're going to talk about ways that you may be wasting money during retirement or may be leaving money on the table through unclaimed benefits you're not taking advantage of or investment strategies you're not aware of.
Some people have actually saved enough money where they can retire with as much income as they need; most of you may not be able to do that and may have to cut back on expenses a bit.
The income equation has two sides: offense and defense. On the offensive side: - are you investing properly and trying to maximize your income? - where can you save money? - can you get more money from Social Security or from your investments? - do you have too much money sitting in the bank earning nothing?
On the defensive side: - are you spending too much? - should you downsize your home? - do you have the wrong type of health care coverage? - do you have major expenses with parents and children at the same time?
Listen in for more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If I blew out my knee, I certainly wouldn't trust myself to fix it. I'm not a doctor, I'm a financial advisor. I'd try my hardest to find the best doctor who could diagnose and fix my knee.
When you're younger, you can afford to make mistakes because you have more time to overcome them. When you're older, you can't afford to mess up anymore; you may have done a great job of growing your portfolio but, when you get to retirement, the strategy shifts.
So if you think you may benefit from the advice of a financial advisor after years of DIY, how can you find one? What should you look for in an advisor? What different types of advisors are there, and which one is appropriate for you?
Listen in to find out.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Are you taking too much risk within your investment portfolio depending on the stage of life you find yourself in?
In this week's podcast, we talk about good risk and bad risk and the difference between left and right brain investing (sounds a bit woo-woo but stick with me). Good risk is the risk of volatility. Bad risk is the risk of loss and it usually occurs when you're not diversified enough - not just within an asset class, but among different asset classes.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Is permanent life insurance a good investment?
Do I really need long term care and is it a good idea?
What can I do if I'm starting to invest for retirement late in life?
We'll tackle these questions, plus a few more from your listeners, during this show. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Our mission for this show is to help you live a stress-free retirement; and few things create more stress and confusion for pre-retirees than Social Security. Since they don't know whom to turn to for advice, they often make hasty decisions that cost them tens of thousands over their lifetime. When should you take Social Security and what is the best way to take it? We'll give answers and strategies in the first part of this show.
In the second part, we'll talk about the best ways to invest during your accumulation years, as you're heading towards retirement, versus your retirement years. Finally, we'll answer some listener questions about these topics. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If you're retired, you may be wondering if mutual funds and ETFs are appropriate for you to invest in retirement. You may also wonder what the difference is between them (hint: there are more similarities than there are differences).
Mutual funds are actively managed by fund managers who make decisions about which assets to buy and sell within the fund. Investors buy shares directly from the fund company at the end-of-day net asset value.
ETFs are passively managed funds that typically track an index or a specific sector. They are traded on exchanges like stocks, and their prices fluctuate throughout the trading day. Investors buy and sell ETF shares on the open market.
In today's podcast, we give a bird's eye view of how mutual funds and ETFs work, along with the main advantages of each.
As usual, we'll end the show by answering a few of your questions. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
My dad used to often say to me, "It's not what you earn, but what you keep that matters." In this show, we'll talk about several strategies that can help you maximize how much you keep of what you earn.
We'll then go on to discuss potential pitfalls of investing in mutual funds and the benefits of individual bonds, particularly as you approach retirement.
We'll also explain the difference between fee-based and commission-based advisors, with the former being held to a fiduciary standard which requires them to make the best recommendations for their clients.
For our weekly listener question, we'll address indexed funds and municipal bonds.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
It's no secret that inflation has been high - let's talk about which investments can best act as a hedge against it. We'll start with investing for income, then we'll cover bond and bond alternatives, dividend stocks and even real estate.
Our weekly listener questions will feature gold, Bitcoin and TIPS (treasury inflation protected securities).
We end this show with discussing the importance of a purpose-driven investment strategy that aligns with your retirement goals.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If you have a 401(k) and are wondering whether or not you should leave it there or roll it into an IRA, you're going to want to listen to this show. There are valid points on both sides of the argument and we'll make sure to cover them.
About two decades ago, it became popular for companies to allow in-service withdrawals for working employees over 59 1/2 years old. Since there are benefits for both options, it can be a controversial issue with many things to consider from a financial standpoint.
As usual, we'll end the show with listener questions. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What should you keep in mind about if you're considering Bonds as an investment option? How can you use them as a capital appreciation play? What are some alternatives if you think bonds might be too conservative for you? These are the 3 points of interest we'll focus on during this show. For our weekly listener questions segment, we'll talk about how to use an annuity for income and we'll explain the difference between saving for retirement and saving in retirement.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Today we're diving into a timely topic: how your retirement investments may perform in this election year, when many investors find themselves wondering how political changes might impact their portfolios. Will the outcome of the election send markets soaring or plummeting? What strategies should retirees consider to safeguard their financial future amidst the political uncertainty?
Election years can indeed be volatile for the markets due to the uncertainty surrounding potential policy changes. However, I always emphasize to my clients the importance of staying focused on their long-term financial goals. Rather than making knee-jerk reactions to political events, it's crucial for retirees to maintain a diversified portfolio tailored to their risk tolerance and time horizon.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode, we'll cover the three main reasons to invest for income. The first one is quite obvious - you need income from your portfolio. The other two may surprise you, so listen in.
What if you don't need income from your portfolio because you have enough income from other sources? We'll answer this question in the second part of the show.
We'll also touch on value stocks and growth stocks and uncover some of the differences between them.
Finally, we'll end with a listener question about Medicare.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
"Where are interest rates going to go from here and how will they affect my investments?" This is one of the most common questions I've been receiving since the beginning of the year.
There's no shortage of news when it comes to interest rates and this is what networks seem to talk about almost every time I'm asked to do an interview.
The FED has been given two mandates: to control unemployment (the labor market); and to control price stability (inflation/deflation).
In this show, we'll talk about how these two variables influence interest rates. We'll also tackle a couple of listener questions.
Tune in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The choice between a Traditional IRA (Individual Retirement Account) and a Roth IRA depends on your financial goals, current tax situation, and future expectations. Here are some key differences we'll touch on during this show:
-
Tax Treatment: Traditional IRA: Contributions are often tax-deductible, meaning you can reduce your taxable income in the year you make the contribution. However, withdrawals in retirement are taxed as ordinary income. Roth IRA: Contributions are made with after-tax dollars, so there's no immediate tax deduction. However, qualified withdrawals (after age 59½ and the account has been open for at least five years) are tax-free.
-
Withdrawal Rules: Traditional IRA: Required Minimum Distributions (RMDs) are mandatory once you reach age 72, and you must start withdrawing a certain amount annually. Early withdrawals (before age 59½) may incur penalties. Roth IRA: There are no RMDs during the original account owner's lifetime. You can also withdraw your contributions (but not earnings) at any time without penalties or taxes.
-
Income Limits: Traditional IRA: There are no income limits for contributing, but the tax deductibility of contributions may be limited if you or your spouse are covered by a workplace retirement plan. Roth IRA: There are income limits that determine whether you can contribute directly to a Roth IRA. If your income exceeds these limits, you may need to use a backdoor Roth IRA strategy.
-
Flexibility: Traditional IRA: Offers a potential tax benefit today, but you'll pay taxes on withdrawals in retirement. Roth IRA: Taxes are paid upfront, but qualified withdrawals in retirement are tax-free.
-
Future Tax Rates: Consider your expectations for future tax rates. If you anticipate being in a higher tax bracket in retirement, a Roth IRA might be more advantageous.
Ultimately, the "better" choice depends on your individual circumstances, including your current income, tax situation, and retirement goals. Listen in for more; we also cover Social Security in the latter part of the show.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Welcome to this week's show - you'll notice it's twice as long as usual. With recent topics requiring more air time, rather than breaking up the topic into two shows, we're switching to one weekly podcast which will be released every Monday at 5 AM PST. Reach out to info@providencefinancialinc.com and let us know what you think about this change. We hope you find it helpful.
And now - on with this week's podcast. Did you know there's an actual financial formula that can help you make your millions (or hundreds of thousands, or however much you have) last throughout your retirement years? Here it is: "Live off your interest and don't touch your principal."
In this show, we're going to show you how to make this formula work in real life and how you can get more interest from your investments than you actually thought possible.
We're also going to dispel the myth that you can't create an income by being invested in the stock market - and much more. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
There's no better time than the beginning of the year (and just a few months before tax time) to take an overview of your financial picture and make any necessary tweaks and tune-ups. This show is Part 2 of our previous podcast which aired on Monday and we finish covering 8 areas you may want to take a look at:
- review your retirement goals 2. review your investment portfolio 3. tax planning 4. income planning 5. health care expenses 6. budgeting and spending 7. optimizing your Social Security benefits strategy 8. estate planning
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
There's no better time than the beginning of the year (and just a few months before tax time) to take an overview of your financial picture and make any necessary tweaks and tune-ups. In this show and the next, we cover 8 areas you may want to take a look at:
- review your retirement goals 2. review your investment portfolio 3. tax planning 4. income planning 5. health care expenses 6. budgeting and spending 7. optimizing your Social Security benefits strategy 8. estate planning
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When do I take Social Security?
How do I handle Required Minimum Distributions?
Do I need Long Term Care Insurance?
Should I position myself more towards income rather than growth as I get closer to retirement?
These are just some of the retirement topics we'll cover during this show and the next. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When do I take Social Security?
How do I handle Required Minimum Distributions?
Do I need Long Term Care Insurance?
Should I position myself more towards income rather than growth as I get closer to retirement?
These are just some of the retirement topics we'll cover during this show and the next. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Increasing the wealth effect in retirement involves optimizing your financial strategies and making informed decisions to maximize your resources. In this show and the next, we cover several ways to do that:
- develop clear goals for your retirement 2. establish an investment strategy 3. plan for healthcare expenses 4. prepare for loss of income 5. have an estate plan in place
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Increasing the wealth effect in retirement involves optimizing your financial strategies and making informed decisions to maximize your resources. In this show and the next, we cover several ways to do that:
- develop clear goals for your retirement 2. establish an investment strategy 3. plan for healthcare expenses 4. prepare for loss of income 5. have an estate plan in place
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Here's part 2 of our mini-series focusing on creating a seamless transition between the working years and retirement. Just like any new habit or routine, retirement can take a while to adjust to. Listen in if you, like many, are secretly (or even openly) more scared to retire than you are excited.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement is something most of us are going to do only once. It's basically breaking the habit of working, of the same routine we've been doing for 30-40 years. This is what our comfort zone is until we retire. There's a psychology behind breaking a habit, a routine or a comfort zone. In this show and the next, we will go over a few tips about how to make the transition between working years and retirement as seamless as possible. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
To piggyback on my previous podcast about the possibility of a recession, I'm dedicating this episode to a discussion about what makes a strong economy. Here are 4 points we will consider:
- low unemployment rate
- steady inflation
- stong consumer confidence
- healthy GDP growth
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
It's been about a year and a half now since talks of recession first started; the economy seems to be doing relatively well and many are wondering if we're out of the woods or if a recession could still be possible. Here are 4 things to consider:
- gross domestic product and economic contraction
- rising unemployment
- declining consumer confidence
- inverted yield curve
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If you don't have a plan for retirement, you're undoubtedly going to live your golden years under stress. In this show, I give you 5 reasons why investing for income and planning ahead can keep your retirement stress-free:
- a steady income stream to count on 2. reduced market risk 3. inflation protection 4. longevity risk mitigation 5. simplicity and focus
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Many listeners think that in order to invest for income they need to invest more aggressively. In fact, the exact opposite is true. Investing for income is more conservative than being invested for growth - and if you're in retirement, that's a win-win: you need income and you need to protect your portofolio from losses since you're not adding to it anymore like you did in your working years.
Here are 3 reasons why investing for income is more conservative:
- it is tied to a contract
- income-based investments tend to fluctuate less
- value stocks are more conservative than growth stocks
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement accounts are any IRA, 401(k), 403(b) SEP IRA, simple IRA or other employer-sponsored retirement accounts - any type of pre-tax account.
You put money into them pre-tax and postpone the tax; you save the tax dollars now but have to pay them later when you make your withdrawals. That's the first perceived benefit.
The second perceived benefit is that you get tax deferral on that money until you decide to take it out. Because the money is growing inside of a retirement account, you don't pay any tax on the growth at all. Kind of nice, right? Many of you are putting into retirement accounts as much as possible because you want to save as much money in taxes as possible.
But ultimately - you still have to pay taxes on it. You're just postponing paying it. When you start taking withdrawals later, you're going to be in a smaller tax bracket so you're going to pay fewer taxes - or so you think. But as a retirement planner for decades, I can tell you that's just a theory that doesn't work in practice. When people retire, they're often making more money and are in a higher tax bracket than 15-20 years earlier.
Listen in for more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When someone retires in a household, there's a lot of adjustment needed which can become a new source of stress that the marriage has never experienced before. In this show, I cover 4 issues that couples need to be on the same page about as they plan towards retirement:
-
adjusting to a fixed income
-
disagreement on spending priorities
-
different retirement visions
-
risk tolerance and investment decisions
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
It's hard to believe that Thanksgiving is just a week away, and as we get closer to the end of the year it's time to be thinking about what we need to do to be tax-efficient. In this show, we cover 5 tax considerations and some of them have deadlines so pay close attention:
- harvesting tax losses and gains
- Required Minimum Distributions (RMDs)
- Qualified Charitable Distributions
- Roth IRA conversions
- maximize contributions to your tax-advantaged account
LET’S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know Anthony: https://anthonysaccaro.com Anthony's book: https://morelifethanmoneybook.com Amazon Author Page: https://amazon/author/anthonysaccaro YouTube: https://www.youtube.com/c/AnthonySaccaro/featured Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook: https://www.facebook.com/Providence.FinancialInc/ Twitter: https://twitter.com/AnthonySaccaro LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
How do you know when it's time to hire a financial advisor? If you know how to diagnose a financial problem but don't know how to handle it, you might consider hiring an advisor. The engineer-types who think they can handle it all may also benefit from considering a second opinion. Interestingly enough, our firm has more engineer clients than any other type of profession.
So are you a DIYer or do you like the peace of mind of working with a professional? Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Historically, annuity companies do really well when interest rates are high. At the moment, interest rates are almost at the same level as in 2008. Annuities that are being offered today are much better than those offered 10 or 15 years ago, and for this reason many of our clients have benefited from an annuity upgrade recently. Does an upgrade make sense for your annuity?
We start today's podcast with a primer on annuities (hint: we're referring to fixed indexed annuities here) and we continue with the main reasons why upgrading an annuity might make sense.
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When you're headed towards retirement, you have an accumulation plan. Once you retire, you should make the shift towards a distribution plan.
Switching to investing for income can be difficult if all you've been doing for decades is investing for growth.
In this episode, I'm going to use a farming analogy which you might find very helpful in understanding this paradigm shift. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When you're uncertain about something, you're going to have stress.
In this show, we'll bring to the table 5 things that can cause more stress than necessary when preparing for retirement.
- health care costs
- inadequate investment planning
- no retirement income plan
- longevity
- unknown tax implications
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Halloween is just around the corner and I couldn't pass up the chance to talk about 5 real life scary financial stories. These people didn't know they were in trouble and that's precisely what hurt them. Listen in to find out if you might unknowingly be making the same mistakes.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
New money is money earned while you're still working and saving in your retirement accounts whenever you get paid.
Old money refers to the investments you already have.
One of the biggest mistakes I see as a retirement planner and financial advisor is not differentiating between how one invests new money compared to old money.
Because they should be invested differently. Listen in to find out how.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Are you on the brink of retirement and maybe starting to get a little bit nervous? If so, it's important to know that you're not alone. I just recently spoke with a brand new client of ours that I had met three or four months ago. He decided to become a client based on our communications and the fact that we can help him retire and he's going to be retiring in December.
And four months ago when we spoke, he was prepared, he was planned, he wanted us to help him. We set up a nice plan. We talked about everything that he needs to know so he could retire comfortably. That's the reason that he hired us because he knows that at Providence Financial, that's what we do. We help people retire and make sure that their investments are set up properly so they can get the income they need in retirement without having to worry about running out of money.
And after bringing him on board and several conversations and meetings, everything was well. Well interestingly enough, I just recently got a frantic voicemail from him and the message was clear that he was actually just afraid to retire.
Listen in to find out why that was and how we addressed his worries.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retiring well is all about having enough income. Here at Providence Financial we focus on investing for a lasting income you can count on, without any worry that it will ever run out. Once in a while we'll get questions about investing in real estate and how that might fit into one's retirement plan.
We also get people who want out of the headaches which can come with investing in real estate, such as finding good renters and handling bad ones, property devaluing and so on. The good news, we can help those people create the same income by selling the real estate and investing the proceeds properly, even after accounting for any taxes that may need to be paid.
In this show, I give you 4 pros and 4 cons of real estate investments as a retirement strategy. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this show, we talk about 3 mistakes retirees make when setting up a retirement plan or following through with it.
- they procrastinate too much 2. they make snap decisions about very important issues 3. they look at the bottom line too often
Are you making these mistakes? Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Here we are, episode #300 today! A special milestone that I wanted to mark by thanking all of you who have been loyal listeners over the past 4 seasons. I hope that you're finding value in this content and are using it to help you navigate your own retirement waters in a less stressful way.
I thought about what I'd like to share in this episode and the one word that came to mind was this: predictability. Why? Because it's the #1 way to ensure you don't live your retirement worried. If you don't know what's going to happen, where your income will come from, how your investments will weather the market storms, how long your savings will last, how you will be cared for if a serious illness comes along -- then retirement is far from worry-free.
So how do we make our retirement predictable? Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Depending on your mindset going into retirement, your golden years can be very fulfilling and full of excitement, or they can be stressful and full of anxiety.
In this podcast, I cover 7 points that will help you prepare for retirement so you can actually enjoy it rather than live year by year in fear of running out of money, out of health or both.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
As a financial advisor for over two decades, one of my core beliefs is that you need to put yourself in a position to win no matter what phase of life you're in or what cards you're dealt by the economy or the markets. What strategies can you implement to maximize your hard-earned dollars in the three main life phases?
- the accumulation phase
- the pre-retirement phase
- the distribution phase
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This show is geared towards those of you who are truly concerned about running out of money during retirement. From creating a budget to changing your investment strategy from growth to income, we cover 9 ways for you to maximize your savings to last through retirement. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this show, I'll cover the top 7 mistakes I've seen in my 20+ years of experience working with people of retirement age. Based on some of the chapters of my book, "More Life Than Money - How Not To Outlive Your Savings", here's what we'll talk about:
- incorrect IRA conversions
- missed required minimum distributions
- not maximizing tax deductions
- being invested wrong for the current phase of life
- choosing the wrong Social Security benefits strategy
- not planning for Long Term Care
- inadequate estate planning
Listen in.
Order the book: https://morelifethanmoneybook.com >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this show, I tackle 4 questions received from our listeners:
- variable annuities 2. reverse mortgages 3. Roth IRA conversions 4. short-term CDs
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
"I realize I'm taking a little more out of my portfolio than I'd like, but there's probably enough money to last me through retirement."
"I'm regularly spending a little more than I should but I'm sure it will work out."
These may sound like minor mistakes, but over time they can add up. At 85 or 90 years old, if you make a financial mistake, chances are you will be fine; but if you make that same mistake at 65, when you potentially have another 20-30 years of life ahead, there's a very good chance that mistake will be compounded over time.
In this show, we talk about 5 common mistakes people make during retirement that greatly increase the likelihood of them outliving their savings. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Not knowing what health needs one might have down the road is a major cause of worry for those who are retired or close to it. There's a lot of confusion about long term care insurance and in this show we'll answer a few questions about it:
- what is is
- what are the odds of needing it
- how much does it cost
- ways to pay for it
- how to use it Long Term Care insurance to pay for LTC
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Here's part 2 of our most recent quarterly Client Webinar, a chance for our clients to ask questions and receive answers in a live conversation with us to which they are welcome to invite family and friends. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Retirement is the most expensive purchase you'll ever make; you can't afford to mess it up. It has been compared to a second career. Just like the career you had during your working years, you have to have the knowledge for it. You need to know how to retire.
Retirement has also been compared to a puzzle - there are many different pieces that make it up, such as Social Security, IRA and retirement accounts, RMDs, Medicare, investment strategies.
In this show, we talk about the different types of financial advisors and how to choose one. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Every quarter, our Providence Financial clients have the opportunity to attend a live webinar, invite their family and friends to submit questions and have a conversation with me about all matters related to retirement. Here's our latest webinar - if we enjoy part 1, make sure to listen to part 2 this coming Monday.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Here are Providence Financial, our goal is for you to have a stress-free retirement. After being a retirement advisor for almost 25 years, I've realized that most retirees are afraid of the same things - and many of them aren't even aware they're afraid.
Here are some common fears: - fear of dying itself - fear of how you're going to die - fear of what will happen to your stuff once you're gone - fear of having to go into a nursing home or assisted living and not having the money to pay for it - fear of running out of money before you run out of life
Knowledge and preparation are power and can bring peace of mind. Listen in for more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What does it mean to be invested by contract? It means that you have a direct contract with the investment company; you own that contract and you get the guarantees listed in it. Outside of bankruptcy, you can count on those guarantees. If the contract says the investment will pay you a certain income, you can count on that income. At Providence Financial, we believe in retirement planning, not retirement guessing; so investing by contract is something we specialize in.
Here are a few other reasons why I believe investing by direct contract is superior to investing by indirect contract - listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
I recently attended an air show in Camarillo, California. Between the F18 zooming by at over 700 mph, the WW2 bombing simulations and plane formation aerobatics - it was an amazing experience.
What caught my ear was the announcement made before the show started, stating that every single maneuver had been carefully planned; each plane knew exactly when to take off, each turn and twist and loop was meticulously choreographed, and so was the landing. Nothing happened by accident because safety was the utmost goal, and the only way to achieve safety is to carefully plan every single step.
Retirement planning is no different. You don't want to fly by the seat of your pants (to stick with the aeronautics theme). Let's discuss.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
As a retirement advisor for over 25 years, I've come across many retirees (especially in the last couple of years) who are deathly afraid to spend down their retirement savings. They would never pay for things that they can actually easily afford - such as flying first class, for instance. If you've worked hard and have successfully navigated the accumulation phase of life, you're now in the distribution phase and it's time to enjoy the fruit of your labors.
You do need to be invested properly, however. If you're still invested for growth and, in order to spend money, you have to sell shares, then next month you'll have fewer shares. If you keep cannibalizing your principal, eventually you'll run out. You're in a race against time.
So how do you need to be invested in order to actually enjoy your retirement? Find out.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
We've all heard it said, "patience is a virtue" - and that's certainly true. But when it comes to real life, how many of us actually believe and practice patience? Southern California freeways come to mind, for instance. Most of us tend towards impatience.
During retirement, being impatient at the wrong time can really hurt you down the road. Here are 5 reasons why:
- market timing risk
- chasing short term gains
- emotional turmoil
- lack of discipline
- taking too much risk
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Back by popular request - a Q&A show, and today we'll cover 3 topics:
-
long term care
-
annuities
-
investing for income
We'll also discuss how these seemingly separate topics actually tie in together perfectly (hint: you can use an annuity to fund long term care as well as invest for income). Listen in to find out how.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Are you confident that your retirement will be your "golden years", or are you worried that it might be your "rusty years"? I talk with a lot of people who don't know when they're going to retire but worse yet, they don't know why they want to retire and have absolutely no plans as to what they would like to accomplish during retirement. Here are 7 tips to help you crystallize a better vision of what retirement could look like for you:
- lifestyle and mental well-being
- location and housing
- travel and exploration
- social engagement and hobbies
- health care and insurance
- estate planning
- financial preparedness
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Investment risk assessment is not an easy thing to determine because it's highly personal and because the market is unpredictable.
- If we do have another recession and the stock market has a major correction, will that affect your future and the things you plan to do during retirement?
- If the worst case scenario happens and you're planning for the best case scenario, you may be in trouble.
- If you think you'll only have a good retirement if the market does well for the next 20 years, then you may be invested wrong.
In this show, I offer a complimentary Retirement Risk Test - to take us up on that, visit our show website and request it.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
I recently had a meeting with someone who contacted us from the show and who has around $2M - all sitting in cash. When I asked why, he said it's because he doesn't want the stress of having to watch the market fluctuate and worry about his portfolio. He doesn't care that he's not earning anything and concluded, after calculations, that he'll never run out of money even though he is withdrawing from his account and has another 30 years of life expectancy.
The one major flaw in his plan? Not factoring in inflation, which in 10, 20 and 30 years means that he will have to start taking exponentially more money from his portfolio in order to make ends meet.
Listen in to find out how we can solve his problem.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
When it comes to retirement, taking a "wait and see and hope for the best" approach is not the smartest way to go. Yet that's what a lot of people do who come to me in the 10th hour, 3 months before retirement, expecting me to basically work magic and "make it all work out". In many cases, that's possible; but it would have been so much better if they had been proactive and started planning ahead of time. Just like you don't plan a month-long international trip the week before, you shouldn't wait until last minute to plan for 2-3 decades in retirement.
Here are 6 areas that you can be proactive in:
- start at least a decade away from the time you think you will want to retire
- pick your Social Security strategy wisely
- investment planning
- tax planning
- plan for Required Minimum Distributions
- estate planning
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Why is it so important to get your income from your investments?
There's a formula out there that reads as follows:
TR = I + G
Total Return = Income + Growth
The total return on any investment is a combination of the income you receive from the investment plus its total growth. Some investments only give you growth, whereas others only give you income, and some give you both.
When you invest for growth, it's all about capital appreciation and your goal is to buy low and sell high. You could make a lot of money - but you could also lose a lot of money.
When you invest for income, you're investing for the interest and dividends that the portfolio will give you. You know that, year in and year out, you will get a 5% rate of return, for instance, regardless of what the market does or what the value of the portfolio is at any point in time.
So what's better - investing for growth or investing for income? Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Is 20 or 30 too early to start planning for retirement?
In my opinion, it's never too early to start building a solid foundation when it comes to savings and investments and securing your future retirement. The most important thing you can do in your 20s or 30s is to start now. It takes time for your money to compound and when you're that young, time is on your side. The #1 mistake retirees tell me they made was not starting early enough.
In this show, I cover 5 principles for young people to follow in order to secure their financial future, and they are related to:
-
savings and investments
-
debt management
-
carreer advancement
-
insurance and risk management
-
starting as early as possible
For more in-depth information, read "Total Money Makeover" by Dave Ramsey.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Have you heard people say "I don't want dividend stocks, I want growth stocks because I want to grow my portfolio?" Or maybe that's you saying this. If you think dividend investing is just for your grandparents who need to get income from their portfolio - I'm here to try and change your mind.
Dividend investing CAN help during the accumulation phase of life as well, and here are 4 reasons:
- it can increase your portfolio's growth rate
- it gives you something to dollar cost average in regards to the old money
- it gives you dividends you can actually count on
- it helps smooth out the volatility in your portfolio
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
I've recently been asked by a number of people whether or not they should get out of the market and find a better time to get back in later. From the war in Eastern Europe to the situation with China and Taiwan, high inflation and unemployment, a lot of people have anxiety about what's going to happen in the near future.
Market timing is basically trying to predict the future movements of the market so that you can sell when the market is high, wait for it to crash then buy when the market is low.
There are definitely some dangers to doing that, and in this show we cover a few of them. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Predicting whether the future holds a recession or recovery remains a challenging task. Let's delve into the key factors influencing this trajectory and explore potential outcomes:
-
government policies and stimulus: unprecedented stimulus packages, including monetary measures and fiscal support, have provided a lifeline for individuals and businesses. The continued implementation of such policies can boost recovery efforts and potentially steer us away from a recessionary path.
-
consumer and business confidence: confidence is a driving force in economic recovery. The willingness of consumers to spend and businesses to invest is vital for restoring growth. Factors such as job security, income levels, and prevailing sentiments will shape the behavior of both consumers and businesses. Restoring confidence through effective communication, policy stability, and financial incentives is crucial for a sustainable recovery.
-
global trade and supply chain disruptions: the pandemic exposed vulnerabilities in global supply chains and disrupted international trade. The extent to which these disruptions can be resolved will significantly impact economic recovery. Efforts to diversify supply chains, enhance local production capacities, and strengthen international cooperation will play a vital role in ensuring a smoother recovery process.
-
technological advancements: the adoption of technologies such as artificial intelligence, automation, and digital platforms has accelerated. Continued investment in technological advancements can enhance productivity and provide avenues for economic growth and recovery.
Listen in for more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What's the difference between investing for growth and investing for value?
Put simply, when you invest for growth you're investing in companies which have greater potential to grow. They tend to be innovative and are expected to grow at a faster rate. People tend to pay a premium for growth stocks because they have higher price to earnings ratios, which means they cost more compared to their relative value. They tend to have higher volatility and uncertainty and a longer time horizon. Companies don't just grow or double in value overnight.
When you invest in value stocks, you're choosing companies which are out of favor with the market for one reason or another. You're hoping that eventually the value of these undervalued stocks will grow to their true potential. These are typically established companies with solid fundamentals which happen to be out of favor at the moment and growing at a slower pace. They tend to offer higher dividend yields which makes them attractive to income investors (such as us at Providence Financial).
Listen in for more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode we talk about how to manage market volatility during the second half of 2023. This is one of the biggest sources of stress for retirees and investors in general, but if you understand it correctly you can remain calm.
First, we have to define what volatility means - how much your investments can fluctuate in response to what the market does. Market volatility is not the same as investment risk.
We also need to realize that there's an emotional component to investments. Watching the fluctuation in your portfolio is certainly going to create some emotion - in some, more than in others.
Listen in for 5 tips on how to handle this.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
All financial advisors are required by law to be subject to one of two standards: suitability or fiduciary. In this show we'll define these two standards and explore the differences between them, which come down to 5 main categories:
- duty to the client
- scope of responsibility
- disclosure requirements
- compensation structure
- legal remedies
Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this show, we're going to cover 5 things you need to consider when hiring a financial advisor.
We must first start by defining the role of a financial advisor. That's likely to be different for you than it is for your neighbor, since different people want different things from their advisor. The one thing all advisors should have in common though is that they should be the voice of reason who keeps you from panicking and overreacting.
Here are 5 things to think about when choosing an advisor:
- the different types of financial advisors
- areas of expertise
- the size of the firm (bigger is not always better)
- the qualifications and experience of the advisor
- how do you feel about the developing relationship
Listen in as we go into detail about each one.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If you've never heard of Fedcoin and FedNow or are confused about what these terms mean, this will be a good tutorial to listen to.
The term "Fedcoin" is derived from the combination of "Federal Reserve" and "coin" to represent a digital version of the US dollar. The concept of Fedcoin has been discussed and explored by economists, researchers, and policymakers as a potential form of central bank digital currency (CBDC) that would provide a secure and efficient digital payment system.
The "FedNow" service is designed to enable individuals and businesses to make instant, round-the-clock payments, which means funds would be available for use almost immediately after a transaction is initiated. The FedNow system will operate 24/7, 365 days a year, and will facilitate the transfer of funds between financial institutions in a secure and reliable manner.
Listen in for further details and explanation.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
I had the privilege to attend the US Gold Open in Los Angeles recently and as the game of golf was of course on my mind, I realized that there are quite a few parallels that can be drawn between golf and retirement. Here are 9 similarities between them:
- transition and preparation
- enjoyment and leisure
- skill development and adaptation
- goal setting and personal growth
- resiliency
- positive mindset
- willingness to make changes
- persistence and practice
- flexibility and adjustments
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
We get a lot of questions lately about precious metals and whether or not it's better to invest in them vs. stocks in order to keep ahead of inflation. The good news is that inflation has come down recently for the first time in over a year, but the inflation that has already happened is here to stay.
What should we do to fight it? Are #gold and #silver better #inflation hedges than stocks? We start by defining what an inflation hedge is - an #investment that aims to protect the value of your money against inflationary pressures which erode the power of your #money over time.
Listen in for our thoughts as we compare precious metals and stocks.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Are we back into a bull market or do we have a recession looming around the corner? There are many experts on each side of the coin. If we do face a recession in the coming years, how do we best prepare for it? Here are 8 steps to take:
- diversifying (not just within an asset class, but among asset classes)
- maintaining an emergency fund
- focusing on investing for income
- staying flexible and adaptable
- continually monitoring and adjusting your retirement plans
- sticking to your long-term strategy
- taking care of yourself physically and mentally
- spending time in prayer and meditation
Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Estate planning goes hand in hand with financial planning as part of a well-rounded strategy to ensure your golden years are as stress-free as possible. As an attorney specializing in estate planning, I often get questions on this topic from listeners and in this show we answer two of them.
- Carl wrote in asking, "my Advanced Health Care Directive is over 20 years old, should I have it redone?"
The new HIPAA laws were enacted in 2004 and any powers of attorney for health care drafted before that should definitely be redone. Without a current document, doctors are not allowed, by law, to give information about the patient in their care, even if it's a close family member. It's actually a prudent idea to update advanced health care directives every 5 years or so. If you're in the hospital, the older the document is, the less likely the doctors are to accept it, especially if there are a few different family members giving them conflicting information.
Also, don't forget about children and grandchildren if they're over 18 years old - they need advanced health care directives too.
- Jessica asked, "I have an A/B trust from 2007 and I've never updated it; my net worth is around $3M; with the estate tax exclusion being as high as it is, do I still need an A/B trust?"
Listen in for the answer and explanation.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
We usually talk about must-do's in this show but today we'll list 3 negatives when it comes to #retirementplanning. Here they are:
- procrastinating and waiting until last minute to prepare for retirement
- making snap decisions about important issues
- focusing on the bottom line
Are you making any of these #retirementmistakes, and if you are, how do you fix them? Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
How do bond values and interest rates correlate with each other? In this episode, we answer this question in detail:
- why #bonds go up when interest rates go down
- what is the difference between direct and indirect ownership of a bond
- how does income #investing work
- why you can still count on the #income from your #investments when bond values are down
Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Stocks, bonds and cash - how do you recession-proof your #portfolio against the recession which many expect? There's no guarantee that we will in fact go through a recession, but many experts believe we will. It's common for an economy to go up and down. A #recession is a slowdown in economic growth, where GDP is less than zero for a couple of quarters. Inflation ultimately will come down because economic growth will come down and unemployment rates will increase.
So whereas a recession in and of itself is not bad on a macroeconomic scale, would it be bad for YOU, the average #investor? In this show, we cover the 3 major asset classes (#stocks, #bonds and #cash) and how a recession might affect them. Bonus: we answer the question of whether or not you should #buygold. Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If you have a Long Term Care insurance policy, how do you go on claim and access the benefits you've been paying for? What are the qualifications you need to meet in order to start claiming these benefits?
We'll start this podcast with a brief overview of #LongTermCare insurance. LTC is the #1 killer of a retirement plan because it's extremely costly. If you need to go into a convalescent facility, you might need to come up with upwards of $125,000/year. What about if you have care at home? It's actually even more expensive, because instead of having one nurse, medical equipment and a doctor for 4-6 people, the nurse, equipment and doctor visits are just for you! And yet, most people would want to stay at home - at $200,000/year or more, that is hardly affordable and it could quickly wipe out a multimillion dollar estate. The one sure way to prevent that from happening is to get Long Term Care #insurance; and many experts believe that if you don't have assets totaling more than $10M, LTC is a must.
Listen it to find out more about how to qualify for Long Term Care and how to access the benefits.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Are you highly confident in the retirement plan you have set up? If you're like most of the people we run across, you're probably a low or medium on the confidence scale. Some people don't even have any plan set up at all!
Here are 4 questions you have to answer positively in order to be able to say that you're confident with your #retirementplan:
- have you thought about how you'll practice your hobbies in #retirement? 2. do you have a plan to guarantee lifetime #income? 3. do you understand how #taxes will affect your retirement? 4. do you have an #estateplan set up?
Listen in for the answers.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If you make too much money to contribute to a deductible #IRA or even a #Roth IRA, this episode may be of interest to you as we explain what a back door Roth conversion is and how it works.
Let's start with the definition:
back door Roth conversion = contributing non-deductible money to a traditional IRA and then converting it into a Roth IRA; when you do this in the same year, as long as you meet certain criteria, that conversion will be tax-free; basically, a back door Roth conversion is a way to contribute money into an IRA when you could not have done so by any other method
Listen in to find out how this can work out practically.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this show, we answer 3 questions that seem to come up frequently from listeners in recent weeks:
-
the US economy, China and what happens if the dollar becomes worthless
-
Social Security and the spousal benefit
-
if you inherit an IRA and a Roth IRA, do you have to take distributions
Listen in for the answers.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
The title of this podcast must be a rhetorical question, right?
Well, not necessarily. We recently met with an individual who has been following this podcast, and he has $10M in stock with $5.5M of it in UPS stock. He used to work for UPS, he loves UPS, he never wants to sell the UPS stock.
The question is, if the market tanks, will his beloved UPS stock remain unchanged, or will is lose value like all the other stocks would? Of course it would lose value - and as a consequence, this individual's nest-egg and perhaps the inheritance he intends to leave to his family would be greatly affected.
Listen in for more thoughts on how to plan your retirement investments while keeping both your family and your goals in mind. Taking the emotion out of investing is a very wise thing to do in most situations, and sometimes it takes an outsider (such as a financial advisor) to help you push through the emotional attachment to certain investments.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
A stressful retirement is certainly nobody's goal, and in today's show we cover 3 reasons why retirement is harder for you than it was for your parents. There are many more pieces to the puzzle today, you have to make more choices and have the opportunity to make more mistakes; and this alone creates more stress.
Reason #1: Social Security; your parents only had one choice - to retire at 65 and take Social Security; but today there are many #SocialSecurity strategies (it actually takes a computer program to figure out the best one!); making the wrong choice could cost you up to $200K for the course of your lifetime
Reason #2: #pensions are becoming a thing of the past; it's often your responsibility to set up your own retirement #savings plan, and if you don't start early enough or do it wrong (or both), you could run out of money before you run out of life
Reason #3: people are living longer today than their parents; you have to plan for decades in #retirement, not just one decade or so
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If you have a retirement account and have been thinking about doing Roth conversions, you may want to listen to today's show as we answer 2 questions:
-
should I convert all of my retirement accounts? the answer is No, you probably don't want to convert all of them
-
are there any reasons why you should not convert to a Roth? the answer is Yes, there are actually 3 reasons - listen in to find out more
A good primer on Roth IRAs is our previous show, episode 255, from May 8:
https://www.providencefinancialpodcast.com/podcasts/whose-retirement-account-is-it-anyway/
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
This is a rhetorical question, right? Or is it?
Retirement accounts are any IRA, 401(k), 403(b) SEP IRA, simple IRA or other employer-sponsored retirement accounts - any type of pre-tax account.
You put money into them pre-tax and postpone the tax; you save the tax dollars now but have to pay them later when you make your withdrawals. That's the first perceived benefit.
The second perceived benefit is that you get tax deferral on that money until you decide to take it out. Because the money is growing inside of a retirement account, you don't pay any tax on the growth at all. Kind of nice, right? Many of you are putting into retirement accounts as much as possible because you want to save as much money in taxes as possible.
But ultimately - you still have to pay taxes on it. You're just postponing paying it. When you start taking withdrawals later, you're going to be in a smaller tax bracket so you're going to pay fewer taxes - or so you think. But as a retirement planner for decades, I can tell you that's just a theory that doesn't work in practice. When people retire, they're often making more money and are in a higher tax bracket than 15-20 years earlier.
Hence the question in our title.
Listen in for more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
We have a special extended edition of the podcast today as we replay our most recent client Q&A webinar. These quarterly webinars are a great opportunity to keep our clients up to date with what's going on with the market, as well as for them to ask the questions that are on their mind.
Here are just a few of the topics we covered in this webinar:
- China and whether its currency will take over the dollar
- what does the dollar's probable devaluing this year mean for you
- where is real estate headed - is it a good time to buy a home?
- investing by contract (one of the secrets of successfully investing for income)
Listen in and if you'd rather watch the webinar click here: https://youtu.be/dx5kTf1aMrY
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
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Retirement can be quite uncertain, and uncertainty creates stress. If you don't have a plan to save for #retirement, or have saved enough money but are afraid to spend it because you fear you'll run out -- that's stressful. We don't know when we're going to die, we don't know how high #taxes are going to go, we don't know where politics are headed or if Social Security will be around much longer. That's stressful.
Enter #investing for income -- how does it take the uncertainty out of retirement? We discuss 3 key points - listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What is ESG investing? Put simply, it's "socially responsible investing". There are money managers who invest in companies that are deemed "socially responsible" and which do not harm the social environment. But ESG is more than not investing in companies you don't want to support; it has morphed into more of a political investing environment which is being used to push the leftist agenda.
ESG = Environmental Social Governance
Environmental - what kind of footprint does the company have, does it use toxic chemicals, does it make any sustainability efforts, does it promote green energy
Social - what is the company's impact internally and within the community (racial equality and diversity, LGBTQ agenda)
Governance - how does the company's management drive positive change
Turning to ESG investments not because they're better, but because they support a certain policital agenda can hurt the financial return of individual investors. Certain states such as California are even starting to mandate that money managers invest in ESG companies. But the purpose of investing is not to further a certain agenda, so are these money managers violating their fiduciary responsibility?
FedNow = a new payment processing system.
FedCoin = a Central Bank-issued digital currency - the United States dollar in an electronic format, backed by the US Government.
Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Are you driving the wrong way on a one-way street? Reverse dollar cost averaging is the equivalent of this when it comes to planning for retirement. Why? Because you're going in the wrong direction financially and that can be deadly for your portfolio.
What is reverse dollar cost averaging? When you get to retirement, you're not putting money into your portfolio periodically anymore; you're actually doing the exact opposite. You're not buying shares - you're selling them, and by doing so you're driving the average share sales price lower.
Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
As an Ed Slott Master Elite IRA Advisor, I was recently asked by his team to write an article comparing annuities and IRAs.
We'll start by defining what an IRA (hint: it's not an investment in itself). We'll then talk about annuities and investment vehicles, and how to use them both inside and outside of an IRA, along with the advantages and disadvantages of both.
Listen in to find out more.
Ed Slott is considered to be America's retirement account expert and he offers IRA education to advisors all across the country through periodic conferences and a variety of print and online resources. Visit IRAhelp.com for answers to your IRA questions.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
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LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
- Long term care - Losing money in your #investments - Running out of money These are the 3 most common fears we hear from clients and listeners as they plan for #retirement. Some of them are fearful and don't know even know it. How is that possible? Listen in for an interesting case story.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
If you have a #retirement account such as a pre-tax #IRA, #401(k), #403(b) or any other type, and you're normally used to giving to charity, then you'll want to pay attention to this show because it could save you thousands of dollars just by following the one single tip we're going to give you.
So what exactly are Qualified Charitable Distributions (QCDs)? About 10 years ago, Congress enacted a rule that says that, as long as you meet certain criteria, you can give money to a charity from a pre-tax retirement account without having that show up on your tax returns (so essentially, tax-exempt). There is a different between tax-exempt and tax-free though - to find out what it is and for a more in-depth explanation of QCDs, listen to this episode.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What is the single most important thing someone needs to do to make sure they have a successful retirement? Unfortunately, the answer is not as simple as one may hope. There is no silver bullet for a successful #retirement. The best answer I can give is, you have to know how to retire. Just like you need to have the knowledge to be successful in a career, you have to have the knowledge to be able to put the retirement puzzle together successfully (Social Security, #IRA and retirement accounts, Required Minimum Distributions, #Medicare, #investing strategies). Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Silvergate Bank, Signature Bank and Silicon Valley Bank - they all went bankrupt within a few weeks of each other. Why did that happen? We answer in today's podcast, and we also cover the 4 reasons why your indexed and fixed #annuities are safe despite these recent bank failures:
- insurance companies have very high capital reserve requirements compared to banks
- insurance companies are backed by the State Guarantee Fund of the state you're in
- insurance companies insure other insurance companies' money (say that 3 times fast!)
- annuities have surrender charges (yes, that's actually a positive)
Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
What are April Fools? They're basically myths or lies which someone gets you to believe for a brief moment but which turn out to be false in the end. They can be funny or the exact opposite - scary. What are some of the myths some people believe when it comes to #investing for income in #retirement? In this show, we cover 3 of them:
- Getting a higher average return is better than getting a lower steady return.
- If you're invested for #income, your #portfolio won't grow.
- You should wait until you retire before you invest for income, since you don't need income from your #investments yet.
Hint: #3 is the most dangerous. Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Annuities are insurance products investors often consider when they plan for #retirement. They are tax-deferred savings products but some come with a variety of fees and expenses, such as surrender charges and administrative fees, and different investment risk levels. There are 3 main types of annuities:
- fixed
- variable
- indexed
In this show, we will focus on indexed #annuities as a viable retirement #investment vehicle in the right situation. Some annuity contracts provide a way to save for retirement. Others can turn your existing savings into a stream of #retirementincome. Still others do both. If you use an annuity as a savings vehicle and the insurance company delays your payout for the future, you have a deferred annuity. If you use the annuity to create a source of retirement income and your payments start right away, you have an immediate annuity.
Listen in to find out more.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
In this episode, we answer a few questions that some of you have called in with.
First, we'll talk about the best way to handle #RothIRA conversions so that the income from your portfolio pays the tax due.
Second, we cover the best investments that will be able to keep pace with #inflation.
Finally, are #annuities good for #retirement? Listen in to find out.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
Inflation is currently at 6.4% and the FED has made it clear that they're going to do what it takes to fight it and get it down to 2%. Personally I think this will take a couple of years and in the short run we can still expect high #inflation. How do you keep pace with it in the short run, and in the long run?
In the short run, the answer is simple: you don't. There's no #investment out there that's going to guarantee you a 6.4% return rate every year. Even with #stocks, you have to be in it for the long run to get that rate of return.
In the long run, keeping pace with inflation could come down to #incomeinvestments as a viable option. How? Listen in.
LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
Get to know Anthony:
https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
YouTube:
https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
Yelp:
https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook:
https://www.facebook.com/Providence.FinancialInc/
Twitter:
https://twitter.com/AnthonySaccaro
LinkedIN:
https://www.linkedin.com/in/anthonysaccaro/
I recently had one of the longest client meetings in my career (almost 3 hours long) with a couple whom we'll call "Joe and Shirley". Throughout their entire life they had shrunk down their goals little by little to meet their income until they had completely lost their dreams. I spent almost the entire meeting showing them how they can build their dreams back up again because as it turns out they had plenty saved in order to create a comfortable #retirement income - they just didn't know how to do that.
Does this sound like you? You may want to listen in.
LET’S CONNECT
Show website: https://www.providencefinancialpodcast.com
Find us at: https://www.providencefinancialinc.com
Get to know Anthony: https://anthonysaccaro.com
Anthony's book: https://morelifethanmoneybook.com
Amazon Author Page: https://amazon/author/anthonysaccaro
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
In this show, I'm going to put #retirement in a different perspective than maybe you've thought about. When in your 20s or 30s, it's all about the money. "We're never going to die" is the thought, so we're not giving time much thought. On the other hand, if you're over 65 and on the brink of retirement, is it more about the money or about the time? How many more go-go years do you have left before the slow-go and no-go years? Time becomes more important. What good is it to have a lot of money if you're too old to spend it?
Sp let's talk about what it takes to have a successful retirement:
- time with family
- time to accomplish things on your bucket list
- peace of mind
- knowing that you can count on #income from your #investments
Here's how you can get started on that path - listen in.
LET’S CONNECT
Show website: https://www.providencefinancialpodcast.com
Find us at: https://www.providencefinancialinc.com
Get to know Anthony: https://anthonysaccaro.com
Anthony's book: https://morelifethanmoneybook.com
Amazon Author Page: https://amazon/author/anthonysaccaro
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Recently, I had the opportunity to be invited to participate in ringing the #ClosingBell at the New York Stock Exchange. Even though it was a big honor, I couldn't help but make the mental comparison between #stockbrokers and cheerleaders.
When you think about cheerleaders, they root for their team no matter how the team is performing. They may be being clubbered by halftime but the cheerleaders keep going in order to try and keep the team's spirits up and the fans excited about the game (or they may not buy a ticket again). Because when you think about it, sports are a business, and their goal is to get fans to buy tickets or merchandise or any conceivable team logo gadgets the mind can come up with.
It's no different with stock brokers. Their goal is to get you to buy #stocks or at least to not sell the ones you have. Regardless of whether or not the #stockmarket is doing well or is in a nosedive. The stock brokers are still out there with their pom-poms, cheering you on to stay at the casino table.
Listen in for more.
Take a look at my #NYSE Closing Bell experience: https://youtu.be/j7hDS83sIC8
LET’S CONNECT
Show website: https://www.providencefinancialpodcast.com
Find us at: https://www.providencefinancialinc.com
Get to know Anthony: https://anthonysaccaro.com
Anthony's book: https://morelifethanmoneybook.com
Amazon Author Page: https://amazon/author/anthonysaccaro
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
If you're selling shares every month to pay the bills, does a #stockmarket drop hurt you or help you? It hurts, of course. If the market is down by 50%, you now have to sell twice as many shares as before and you're cannibalizing your portfolio even faster. Dollar cost averaging is a one way street. When the market is down 50% and you're buying stock, that works in your favor; but when you're selling shares, that hurts you. It's called reverse dollar cost averaging.
If you have 20 or 30 years ahead of you until #retirement, you should be invested aggressively. You have enough time to make up the losses, should they happen. But if you're already in retirement or at its edge, your portfolio should be comprised of mostly conservative #investments with a goal to produce a monthly #income regardless of market performance.
LET’S CONNECT
Show website: https://www.providencefinancialpodcast.com
Find us at: https://www.providencefinancialinc.com
Get to know Anthony: https://anthonysaccaro.com
Anthony's book: https://morelifethanmoneybook.com
Amazon Author Page: https://amazon/author/anthonysaccaro
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Having the right mindset when it comes to saving for #retirement is critical. For decades, you may have been focused on #investment growth with little regard for the possibility of losses. As you hedge closer to retirement, that can be a deadly strategy that you just can't get away with anymore.
The absolute key to security in retirement is #income. A steady, month after month, market-proof income that you can't outlive. How do you create that? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: https://www.providencefinancialinc.com
Get to know Anthony: https://anthonysaccaro.com
Anthony's book: https://morelifethanmoneybook.com
Amazon Author Page: https://amazon/author/anthonysaccaro
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
As a #retirementincome specialist, I talk often about why #investing for income is a winning strategy when it comes to planning for #retirement. What exactly is investing for income, and why is it superior to investing for growth - especially when the #stockmarket is in a downward trend and accounts are losing value?
When you're invested for growth, it's all about the share price; if your balance goes up, then you win; if it goes down, then you lose; the whole point is that, a few decades down the road, your balance is hopefully larger than you started with.
When you're invested for income, it's not about the account balance, but rather, about the interest and #dividends that you receive from your portfolio. If you're properly invested, you can COUNT on your income - even during times of inflation, high interest rates and unemployment rates, pandemics or war overseas.
Want to learn more? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: https://www.providencefinancialinc.com
Get to know Anthony: https://anthonysaccaro.com
Anthony's book: https://morelifethanmoneybook.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
For the last year, the number 1 concern on people's minds has been #inflation. It's important that an economy has some inflation, but you don't want it to be too high. However, you don't want it to be too low either. Somewhere around 2%-3% is good. But inflation has crept up to the mid 6% which is way too high.
In this economic environment, I often get asked these 2 questions:
-
should I sell my #stocks?
-
should I buy a #CD?
Listen in for my thoughts.
Show website: https://www.providencefinancialpodcast.com
Find us at: https://www.providencefinancialinc.com
Get to know Anthony: https://anthonysaccaro.com
Anthony's book: https://morelifethanmoneybook.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Since short-term CD rates are pretty attractive right now, some of you have called to ask if it's a good idea to buy a CD. In this show, we'll talk about why you may not want to give in to that temptation.
So, if short-term CDs are not a good idea, what's a good alternative? To answer this, we need to talk about interest rates and where they're headed. Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
Anthony's book: https://morelifethanmoneybook.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Got your thinking caps ready? Time for some investment math:
Total Return = Income + Growth
When you invest for growth, it's all about capital appreciation and your entire goal is to buy low and sell high. You could make a lot of money, but you could also lose a lot of money.
When you invest for income, the value of your portfolio doesn't matter. You're investing for the interest and dividends that the portfolio will give you. You know that, year in and year out, you can count on the income from your portfolio, regardless of what the market does.
Are you investing for the I or for the G? Which is better? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
Anthony's book: https://morelifethanmoneybook.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
In today's show, we're airing a recent podcast I was interviewed on for Money Life with Chuck Jaffe. As a former Senior Columnist for MarketWatch for 14 years, Chuck is the host of a daily daily financial talk show focusing on investing, handling, managing, planning for and protecting your money.
In our conversation, we addressed topics such as the number one concern of retirees and how do you know if you will outlive your money. We also talked about annuities and Social Security so there is a lot jam-packed in this interview that you may benefit from - take a listen.
Find Chuck Jaffe at: http://moneylifeshow.com
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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In light of what is going on with the market today, what's the best way to set up your retirement plan? In this show, we cover 3 steps you must take to ensure your success in retirement and beyond:
- strategy
- preparation
- execution
Listen in for practical ways to implement these steps, whether you're close to retirement or still have a couple of decades to plan.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Twitter: https://twitter.com/AnthonySaccaro
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Our biases tell us that we think we know certain things - but our biases are often wrong. In this episode, I share the powerful story of a client whom we'll call "Sharon" who has some tough medical and life issues going on. When I met her a few years ago, her plan was to retire in Alaska, but due to health challenges and lack of care there, that plan is not feasible anymore. The financial component is another issue: Sharon has a surgery coming up that is not covered by insurance; her house needs a new roof; she has to scrimp to make ends meet in retirement due to inflation; and she's worried about outliving her savings. Listen in for the feedback and solutions I offered to her during our meeting.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
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LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
My book, "More Life Than Money - How Not To Outlive Your Savings", is scheduled to hit Amazon and bookshelves nationwide this Tuesday, February 7. This show is a sneak peak into the book and the topics covered, with the goal of helping you prepare for retirement because what you don't know CAN hurt you down the road. Listen in for a preview into the various chapters of the book; my promise is that if you're anywhere near retirement age, there most certainly is at least one chapter in the book that applies to you.
Order "More Life Than Money" here: https://morelifethanmoneybook.com
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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What is a pension? Many people are surprised to find out that it's not a 401k or 403b. A pension is an employer-sponsored plan that is designed to provide an income stream for life - and by definition, that's an annuity. In this episode, we discuss 5 thing you need to take into consideration when deciding the best way to take your pension (unless you're a teacher or government worker, in which case you don't have a choice - you have to take the monthly income):
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what is the break-even period (not counting interest or dividends or potential growth)
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what is the return on investment
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do you need the income
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do you have enough saved outside of your pension
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do you care about leaving an inheritance
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Correlation is a concept that refers to how things relate to each other: things that are correlated move in the same direction, and vice versa. Listen to this show to find out how this applies to stocks, bonds and cash and the way their respective values correlate with each other (or don't). You'll learn about what happens to bonds when stocks are doing well, when the best time is to have more money in cash and how to set up your portfolio for proper diversification.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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For anything in life, there's a potential range of outcomes - and it's no different with retirement. What you do early on to prepare will determine the outcome. If you're invested properly, you will reap the reward of never having to worry about income after you stop working. Many people however stay invested for growth until after they retire and end up eating their chickens, not the eggs - cannibalizing their principal.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
The longer you have until you retire, the more you can afford to make mistakes. But if retirement is just around the corner for you, the margin for error is much smaller.
In this show, we talk about some common mistakes I see which can turn out to be quite costly in the end, from regularly taking just a little too much money out of your portfolio to relying upon an unrealistically big return on investment. Listen in for the other 3 mistakes.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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At the beginning of the year, Congress passed the Secure Act 2.0 which brings about some changes regarding IRAs and employer-sponsored retirement plans. Some of these changes are exciting, others - not so much. One of the main changes has to do with using Required Minimum Distributions to fund charitable donations, and the tax ramifications this entails. Listen in if you have an IRA or employer-sponsored retirement plan.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Twitter: https://twitter.com/AnthonySaccaro
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401(k), 403b, 457 and other types of retirement accounts usually have either the traditional IRA option or the Roth IRA option. What's the difference between the two? It has to do with when you pay taxes. In a traditional retirement account, you're going to put money into it today without paying any taxes, and you're going to pay taxes on any amount you will withdraw from it at a later point. With a Roth account, you're going to pay taxes today and all of the growth will be tax-free - you'll never have to pay taxes on it again. The question is, which is better? To pay taxes now or to pay taxes later? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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I often find that the Social Security Spousal Benefit is not only a missed but also a misunderstood benefit. It is often confused with the Widow's Benefit, but the Spousal Benefit is actually available to you while you are still living as long as you have been married for more than 10 years. Little known-fact: even if you are now divorced but you were married for over 10 years, you can still take advantage of this benefit. Listen in for more tips.
More information about Social Security in our previous podcast:
https://www.providencefinancialpodcast.com/podcasts/how-to-maximize-your-social-security-income/
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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Even the most successful leaders and athletes have a coach. As a matter of fact, the more successful you are, the more likely it is you didn't get there without a coach, and you won't move forward without one. It's no different when it comes to retirement. Many DIY warriors may do ok during the first phase of life (the accumulation phase), but not so great when it's time to move on to the distribution phase. Some aren't even aware there are two phases, and that you can't invest the same way at 60 as you did at 35.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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When it comes setting goals, it's smart to be SMART about them. What do I mean? If you haven't heard the acronym, here's what you need to aim for when you set your goals, and how each of these features applies to finances and retirement:
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Specific
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Measurable
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Achievable
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Relevant
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Time-bound
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Welcome to 2023! Perhaps there's no more fitting topic to start the year with than New Years resolutions.
In this show, we discuss the 5 most important resolutions any retiree or preretiree should make as we head into 2023:
-
reasses how much risk you're willing to take
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reasses the investments in your portfolio ("retirement risk assessment")
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set personal, specific goals regarding what you would like to do this next year and how much it will cost (hobbies, travel, grandkids)
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have a plan B (what will you do if we do go into a recession and your portfolio loses money - hint: if you're worried about that, you're most likely invested wrong and need our help)
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consider getting more educated about finances
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
One of the most often asked questions from clients and listeners has to do with the relationship between bond values and interest rates. In this episode, we answer this question in detail:
- why bond values go up when interest rates go down
- what is the difference between direct and indirect ownership of a bond
- how does income investing work
- why you can still count on the income from your investments when bond values are down
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Are you making one of these 7 mistakes as you're heading towards retirement? Find out - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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Why is there a disparity between inflation, the FED and unemployment? Where will the stock market go from here? These are just a few of the questions we answered during our most recent client webinar. We'll replay it here and it's our longest episode yet, we hope you'll find it helpful.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Just like a well-run music show, symphony or ballet, there are many moving parts that need to come together in a synchronized manner in order for your retirement plan to run without a hitch.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
If you don't have the basics down, nothing in life works. Finances are no different. You have to start with a solid foundation before you can build anything of lasting value. In this episode, we get back to some of the basics of a well-planned financial portfolio. Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Did you know there are different types of financial advisors? Choosing the right one for your particular situation and phase of life is an important decision. In this show, we cover the differences between financial advisors, the services they provide and the ways they get paid - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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When is the last time you made a reallocation within your portfolio? If you can't remember, chances are your investments are on autopilot. Here's why that's costing you money - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Twitter: https://twitter.com/AnthonySaccaro
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If you're invested the right way, you're winning even during the times when your balance is down. Here's how - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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There are a number of reasons people get complacent in their retirement planning; one of them is when the stock market is doing well - they don't want to make any changes, as in "why mess with a good thing?" When portfolios start going down in value, they can get complacent because they don't know what to do - should they buy more, get out of the market, or realocate? If you tend to freeze and procrastinate for this reason, here's what you need to do - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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These three questions come from listeners who, just like you, are confused about the best way to go about their investments heading up to retirement. Can you relate? Find out - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
These three questions come from listeners who, just like you, are confused about the best way to go about their investments heading up to retirement. Can you relate? Find out - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
In this episode, we go through the main features of an IRA as opposed to a Roth IRA in order to help you determine which one better suits your individual needs and investment goals. Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Required Minimum Distribution, contribution and conversion deadlines - what are they and do you need to do anything about them? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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"Am I invested correctly? Should I jump ship? Should I sell (or the opposite, buy more)?" Many of you are calling in worried about the current economic and socio-political situation. Like the proverbial song, this show may help ease some of your worries - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
We get quite a few calls these days from people who are scared of what's ahead for the economy, the stock market, their own retirement savings and security. Should we be scared? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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Standard deductions, itemized deductions, tax bunching - how and when can you best utilize these strategies to save money in taxes? We cover it all in today's podcast - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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Between the war in Eastern Europe, the lingering effects of the pandemic, the roller coaster stock market, rising inflation and interest rates - it's certainly been an interesting year. Here are 8 financial moves you should consider making before the end of 2022.
Show website: https://www.providencefinancialpodcast.com
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YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Facebook: https://www.facebook.com/Providence.FinancialInc/
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We dedicated this show to 3 of the top retirement planning questions we get from clients or listeners - listen in and see if any of them apply to you.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Over the long run, history tends to repeat itself and life is generally predictable. The short run is of course a lot harder to predict. Here's how this applies to the stock market, investments and your retirement.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Our very first podcast aired on September 29, 2020. Today's show is a special one - it's our 200th episode! To celebrate, I'm telling you my story, how I got started and got to where I am, why I do what I do and why I believe it really is true what they say, "if you love what you do, you'll never work a day in your life". Listen in and if you enjoy it, drop me a review or a message. Thank you for being a faithful listener.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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In this show, we cover 6 areas where you have to be proactive and calculated when it comes to retirement planning, and where you can't afford to be reactive and emotional. Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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If I asked you what the two biggest threats to your retirement are, what would you say? The answer lies in the title of today's show. Listen in to find out how to account for higher inflation and interest rates when you plan for retirement.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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As you get closer to retirement age, the focus of your investments should shift from growth to income. How do you do that while ensuring both principal growth and protection? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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With the market reaching new lows lately, you may wonder if it's best to pull out or stay in and wait for a rebound? Like everything else, it depends on your situation and your investment time horizon. Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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In this show we share two listener stories that couldn't be more different. One is full of despair, the other one is full of peace of mind. Listen in to find out if you identify with either one, and what to do in that case.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Have you ever asked yourself the question, "why am I investing? what is the purpose of my investments, and my ultimate goal?" In this show, we answer these questions and address the issue of how to take the emotion out of it - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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What exactly is investing for income, how does it differ from investing for growth and why is it best to do it with the help of a fiduciary advisor rather than DIY? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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At Providence Financial, we believe that retirement comes down to one core issue: the ability to create streams of income that will last you until you pass on. Listen in for income strategy tips and 4 other critical aspects of a solid retirement blueprint.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Planning for retirement is a complex process and being in a recession doesn't make it any easier. However, it can be done. Here are some strategies to consider - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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"How much money is it safe to have invested in stocks if I'm within earshot of retirement?" In our latest podcast, we tackle this question, plus two other similar ones. Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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As we approach the fourth quarter, it's a good idea to start doing some planning to ensure you close the year strong and set yourself up well come tax time 2023. Here are 5 things to consider - listen in.
Show website: https://www.providencefinancialpodcast.com
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YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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As you edge closer towards retirement, the makeup of your portfolio needs to change to account for the time horizon remaining when it comes to investment loss tolerance. Is your portfolio too risk-heavy? Listen in.
How will the Inflation Reduction Act affect your pocket book as you save towards retirement or manage your investment income during retirement? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Investing can be emotional. When the market is not doing well and your portfolio is shrinking, it's easy to panic. This is when having a financial advisor who is the voice of reason can be a huge benefit. If you want some peace of mind in these volatile times, don't miss this show.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
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In this show, we take a look at savvy short- and long-term investing strategies that will help you balance risk and reward depending on when you'll need your cash.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
In this show, we take a look at savvy short- and long-term investing strategies that will help you balance risk and reward depending on when you'll need your cash.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
Periods of market volatility can trigger emotional responses in investors. A good strategy in order to stay level-headed is to pay less attention to the markets and more to yourself and your financial goals. Patience is a virtue in this case, whereas procrastination can hurt you.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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If you're preparing for retirement, chances are you've made some assumptions as far as the best ways to go about it, when and how to start saving, when and how to retire. Are your assumptions correct? Find out - listen to today's show.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Inflation is a long-term battle, but that doesn't mean you can't do anything to fight it in the near future. While the stock market may be the best way to inflation-proof your investments in the long run, here are some ideas to lessen the strain on your wallet in the latter half of 2022.
For more on inflation, listen to these past episodes:
Inflation, the Hard Truth (Episode 150 on Apple Podcasts)
https://www.providencefinancialpodcast.com/podcasts/inflation-the-hard-truth/
Investing to Fight Inflation - Interview with Kerry Lutz (Episode 152 on Apple Podcasts)
https://www.providencefinancialpodcast.com/podcasts/an-interview-with-kerry-lutz-from-the-financial-survival-network/
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
As with everything in life, finances are an area where there's no shortage of advice out there. Before you heed it, make sure you consider the source and possible ulterior motives, and shy away from absolutes such as "always" and "never". Here's some more, well... advice about financial advice - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Facebook: https://www.facebook.com/Providence.FinancialInc/
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"Anthony, we're in a recession so should we get out of the market?" is a common question I've been getting recently. But are we in a recession? The answer depends on whom you listen to.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
My definition of retirement is as simple as, "having as much income as you need until you die." Here are 7 often overlooked issues when it comes to income and expenses in retirement.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Having an emergency fund is a basic principle of good money management. In this show, we discuss what an emergency fund is for (and what it's not for) and how much cash you should set aside without falling into the pitfall of too much liquidity.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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The old adage says that cash is king. But is this still true in today's economic environment, or does keeping a significant amount of assents in cash equal losing money? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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If your accounts are down at the moment and you're wondering what to do next, here are 3 bad reasons to sell, along with 3 good ones. Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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How do you know when is the best time to retire in order to maximize your pension, your 401(k) or other investments? Listen in to today's podcast.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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When it comes to investing, most people have growth in mind as the foremost goal. But the ability to retire depends on one main factor: income. Will your investments generate enough income for you to live on? There's a whole universe of options you can take advantage of - listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Are you on track for retirement? Heres's a short checklist of 3 principles you should keep in mind when it comes to securing your financial future into your golden years.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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If your portfolio is down right now, does that mean you've lost money? Actually, no. You don't lose money until you sell an investment or the company goes bankrupt. This is the perfect time to reset your expectations for the longer haul. Here's how.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Without Social Security, around 40% of retirees would live in poverty. Yet Social Security has become increasingly complicated. When is the best time to take it, and what's the best strategy? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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How will inflation, the FED and a possible recession impact the stock market in the near future? Our predictions in today's podcast.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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When it comes to choosing a financial advisor, making sure your investing philosophies align is just the beginning. A good advisor should take a holistic approach to handling your finances. Here are 7 things you should look for as you interview advisors.
Show website: https://www.providencefinancialpodcast.com
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YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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If you have an IRA, you are probably familiar with Required Minimum Distributions. The IRS has recently changed a few rules regarding RMDs, and it's very important you stay up to date. Listen in to find out if these new rules apply to you. For in-depth information, join us at one of our in-person seminars coming up:
Thursday, July 28, 2022, 6-7:30 PM, Agoura Hills Recreation Center
Click here to RSVP: https://providencefinancialinc.com/event/required-minimum-distribution-seminar-july/
Tuesday, August 2, 2022, 2-3:30 PM, Agoura Hills Recreation Center
Click here to RSVP: https://providencefinancialinc.com/event/required-minimum-distribution-seminar-august/
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Interest rates are rising and we are in bear market territory. What now? Do we need to change how we approach saving for retirement, considering that the ability to retire stands and falls on one thing: income. Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Recently, the 10 year treasury has shot up significantly. How does this affect retirees or those preparing for retirement? We can't answer that without also talking about the FED Funds Rate - if you don't know what that is, listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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The old adage, "fail to plan and you plan to fail", is perhaps never more true when it comes to retirement. But how do you go about setting up a proper retirement plan that will give you enough income and peace of mind during your golden years? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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Continuing our mini series on Retirement Risks, we discuss the role that liquidity, longevity and diversification play in saving for retirement. Many people take unnecessary risks when it comes to how much money they keep liquid (and for how long), as well as how well (or little) diversified they are.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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In simple terms, "risk" may be defined as the likelihood of suffering loss; whereas "volatility" is the variation in the value of a security. What's the relationship between the two? Listen in.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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It's no secret that we're navigating murky waters when it comes to inflation, interest rates and the stock market. Here's our forecast as to what may happen in the next few months.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
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What are some of the risks you can encounter in retirement, and how can you avoid them? Take a listen to this show to find out.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
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With rising inflation, interest rates, health care costs and life expectancies, do you tend to overcompensate in order to mitigate these risks? Whether it's by staying too conservative with their investments, being too aggressive or simply procrastinating, many people try to course-correct as they go and forget the long-term view. Here's how to stay level-headed as the tides rise.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
What do farming and finances have in common? A lot more than you may think, and many lessons to be applied. Don't miss our latest podcast as the analogies we give will help you understand saving for retirement in a new way.
Show website: https://www.providencefinancialpodcast.com
Find us at: www.providencefinancialinc.com
YouTube: https://www.youtube.com/c/AnthonySaccaro/featured
Radio: https://www.providencefinancialradio.com
Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
Facebook: https://www.facebook.com/Providence.FinancialInc/
Twitter: https://twitter.com/AnthonySaccaro
LinkedIN: https://www.linkedin.com/in/anthonysaccaro/
California is a community property state and this makes estate planning complicated. If you're married, will your spouse automatically get everything you own? If you think the answer is yes, your spouse may be in for a big surprise if you predecease them! For the right answer, take a listen to this show as Anthony discusses community property laws and other important aspect of estate planning.
This is part three of our special, four-part, estate planning series. Even if you've never done any estate planning, if you are over the age of 18, you must have an Advanced Health Directive. If you're wondering why this may be the most important document in your estate plan, take a listen to this show.
When it comes to probate, you want to do what you can to avoid it, at least if you live in California where Anthony is licensed to practice as an estate planning attorney. In this episode, we discuss why a living trust may just be the best probate avoidance tool in existence! Take a listen to this show to learn how a trust works and why you also need a pour-over will to complement it.
When you die, are you going to leave your loved ones with an easy situation to deal with or are you going to leave them a mess? If you have not done any estate planning, leaving them a mess becomes the default. Because estate planning is so critical to the completion of a financial plan, we're going to go in depth in this 4 part series of what you need to know to make it easy for your beneficiaries. Pull up a chair, relax, and enjoy as you learn how to make life easy for your beneficiaries once you're gone.
Due to market volatility, we've received a lot of calls asking about indexed annuities, which are safe but still allow you to participate in the stock market. Is an indexed annuity right for you? Listen in.
Interest rates are on the rise in a big way. The 10 year treasury just had the biggest one-month increase since 2009! What does this mean to you? Take a listen to this show to find out.
In this episode, Kerry Lutz of the Financial Survival Network interviews Anthony about current market conditions and inflation as we answer the question, "where should you put your money today to fight inflation?".
This is part 2 to the episode that aired on May 2. You may want to listen to that show before listening to this one. Are you wondering what to do with all of this volatility? If so, join the crowd! It's unarguably a tough investing environment and many financial advisors will likely avoid answering this question head on. Not Anthony though! Take a listen to this show as he gives his insight as to how to protect yourself in these tumultuous conditions.
Inflation is running rampant but when you hear the media talk about it, they always leave out some important information. For the rest of the inflation story, take a listen to this show.
Are you wondering what to do with all of this volatility? If so, join the crowd! It's unarguably a tough investing environment and many financial advisors will likely avoid answering this question head on. Not Anthony though! Take a listen to this show as he gives his insight as to how to protect yourself in these tumultuous conditions.
You probably remember this phrase from the classic film, "The Wizard of Oz". What does it have to do with retirement and investments you ask? Take a listen to this show to find out.
You've heard it said that you have to be invested for the long run; but what does that mean exactly? Why is being invested for the long run so important? Because we get this question a lot, Anthony dedicates this entire episode to answer it!
You may not know the phrase "disparity of outcomes" but this concept is crucial to understanding the level of risk you should take with your investments. Find out more by listening to this show.
We often get the question, "if investing for income is the best way to go, why doesn't everyone do it?" That's a great question. The answer is because it's not easy to do it yourself. But why? If you are curious about the answer, take a listen to this show and pay attention to the four reasons Anthony discusses as he answers this question.
Everyone wants the perfect investment but what is that? Where do you find it? In this show, Anthony will answer that question. And his answer will probably surprise you.
Retirement can be treacherous and if you make a mistake, it can be devastating. In this episode, Anthony shares five things you need to know to help secure your retirement.
To have a successful retirement, there are certain steps you need to follow... kind of like a formula for success. Over the past 22 years of helping people retire, we've identified 8 steps that increase the odds of your retirement being as successful as possible.
Diversification is much more than having a lot of stock, bonds or any other asset. Having reviewed thousands of portfolios, I've come to learn that most people who think they are diversified are actually not. If you want to know how to be properly diversified, take a listen to this show.
In this episode, we answer three questions from listeners about annuities. If you already have an annuity or are considering purchasing one, you may have these same questions. Take a listen!
Procrastination can be dangerous to your retirement. With 22+ years of experience helping retirees, Anthony has found that there are some areas that retirees are particularly prone to procrastinate in. Are you guilty of any of these? Take a listen to this show to find out.
When you hire a financial advisor, one of the first questions they are likely to ask you is "what is your risk tolerance?" As you get older, Wall Street tells you that you need to get more conservative. But what exactly does "conservative" mean? I'm guessing your advisor's definition of "risk tolerance" and "conservative" is probably different than yours. To learn why this is, take a listen to this show!
There are many character traits that you need to have in order to be successful with your investments and in your retirement. But there is one character trait that is more important than the others. What is that character trait you ask? Take a listen to this show to find out!
If you have an annuity or are considering buying one, you need to understand the basics so you don't get hurt. In this show, Anthony provides a high level overview of the different types of annuities along with how they work and what to watch out for.
There's a war between oil and the Federal Reserve right now, and the question is who is going to win? The answer may surprise you. Listen to this show to find out.
The Federal Reserve is going to raise interest rates, COVID is still lingering and now Russia is at war with Ukraine. How can being invested for income be a safety net during times like this? Listen to find out.
If you're worried about your retirement or your investments during the current uncertain economic and political times, listen to this show to learn about the three ways to deal with your finances in a crisis.
Many investors find themselves wishing they would have invested in the stock market five years ago because the stock market has done so well. As a result, they may be wondering whether they should become more aggressive and start taking more risk with their portfolio. If you've been wondering this as well, you need to listen to this show for Anthony's insights as he addresses this topic.
Having a good foundation is the key to how well your house holds up when an earthquake happens. But building a good foundation is not only applicable to homebuilding, but also to your retirement. If the foundation of your retirement is not solid, then your retirement may not hold up if we have another market crash. How do you build a solid foundation for your retirement? Take a listen to this show to find out!
It's counterintuitive to think that the size of your portfolio is not the most important consideration when you're taking income from you portfolio. But that is exactly the case! Take a listen to this show as Anthony explains why growing your income is more important than growing your portfolio value.
Many people have beliefs that may or may not be true. In this episode, Anthony discusses five common beliefs that are often held by retirees that may not be worth believing. What's scary is that if you're retired and you hold one of these false beliefs, it could very well affect your retirement. To find out if you have any of these false beliefs, take a listen to this show.
Many people pooh-pooh the idea of long term care insurance because it is so expensive, or so they think. Yet, the costs of long term care can wipe out a sizable estate if you haven't planned for it. Fortunately, the new type of long term care insurance is less expensive than you may think. If you think you know how long term care insurance works, think again! Take a listen to this show to learn how you may be able to protect your estate for much less than you think.
All professionals will tell you that continuing to improve on the basics to be successful. John Wooden, arguably the most successful coach in college basketball history, always discussed the basics with his players before every season. What if you've gotten away from the basics though? How do you get back? For the answers to these questions, take a listen to this show.
You've probably heard that the Federal Reserve recently announced that they are going to raise interest rates this year. As a result, the 10 year treasury yield has jumped by 46%. What does this mean to you? Take a listen to this show to find out!
If you pay attention the markets, you know how volatile they've been lately and we've been asked by a lot of listeners how to combat it. Listen to this show as Anthony gives you some key insights as he answers this question. Note: You may be surprised by what Anthony says!
People are living longer than ever and today, it's not uncommon to live 30 years in retirement! But if you're not prepared, you could run out of money before you run out of life. In this episode, Anthony discusses 9 ways to prepare for a long retirement.
Conventional wisdom tells us that we should max out our retirement plans. But is this what you should do? Sometimes the best thing to do is to buck conventional wisdom! Take a listen to this show as Anthony's discusses whether you should max out your retirement contributions or whether there may be a better way?
The economic environment today is very uncertain. Where is inflation going to go? How many times will the Federal Reserve increase rates this year? Is the stock market going to keep going down? All of these questions may leave you wondering what to do. Take a listen to this show as Anthony weighs in on what you need to be thinking during these uncertain times.
In this episode, Anthony discusses whether the rule of 4% and the 60/40 rule can still be relied upon. If you don't know what these rules are, you would do yourself a favor by listening to this show. Without this information, you may be headed down the wrong retirement road and not even know it!
If you have never taken the time to set goals for your retirement, how do you know where you're going or whether you're on track? If you haven't set a goal for retirement, you don't have a retirement plan. Rather, you have a retirement "guess". Retirement is too important to let happen by accident. Take a listen to this show as Anthony gives you an outline of how to set goals and how to accomplish them!
Most people go into retirement without a clear strategy and if you make a mistake, this can be devastating. In this show, I talk about three components of a retirement plan that will help you ensure that you have a successful retirement. If you want to learn what you need to know so that you can have an on purpose retirement instead of a retirement that happens by accident, you'll want to listen to this show.
Because inflation has reached levels not seen in 20 years, a lot of retirees have asked me if they should change their portfolio allocation. The answer will depend on your personal situation. When the media talks about inflation, they are talking in general terms. However, inflation is very personal and yet, you don't hear a lot about this component of inflation. If you are wondering whether you should reallocate your portfolio because of inflation, you'll want to listen to this show.
The guesses as to where this stock market is going to go is all over the place. There are some dire predictions and there are also some very positive predictions. The truth is that no one knows. However, what we do know is that there is a lot of uncertainty in our economic environment today. How are you supposed to deal with this? Take a listen to this episode for Anthony's thoughts.
Retirement can be categorized into three different phases. Unfortunately, if you're invested wrong for the phase of retirement that you're in, the results can be disastrous! In this show, I will explain the three phases and what you need to know to be successful during each phase.
If you are invested for income, does that mean you have to give up the opportunity for growth? NO! In this show, Anthony discusses how to get growth through income producing investments and do it with less risk.
I talk a lot about income producing investments because we are income specialists. But what are some of these investments? In this show, I will give you brief rundown of the various income producing investments that yield between 3% & 8%. If you want to become further educated about what these investments are and why they are more conservative than stocks, you need to listen to this show.
Retirement is a big shift and your entire life changes. A lot of retirees have even confided in me that they even felt a little lost the first day they woke up and didn't have to go to work. If you're invested properly though, you should have nothing to be anxious about. Take a listen to this episode as I discuss how to feel confident, not lost, in retirement!
Should you consider doing a Roth IRA conversion? You'll have to pay tax on the contributions up front but your future gains will be tax free forever! If you're wondering whether a Roth conversion is right for you, take a listen to this show.
It's hard to believe that there are only two weeks left in this year! That means that if you want to do any last minute tax planning, you need to act quickly. In this show, Anthony discusses five strategies that may help you save tax in 2021. But don't delay! Listen to this show asap so you don't miss out.
I've reviewed thousands of portfolios and most people who think they are diversified are wrong! What does it mean to be properly diversified and why is that so important? I will answer these questions in this show. Plus, I will give you a few examples of people who lost a ton of money after learning the hard way that they were not properly diversified as they thought they were.
Have you ever made an emotional decision that hurt you?
We've all done that. When you're retired though, you can't afford to make a mistake just because you let you emotions dictate your next move! To learn how to make rational decisions and keep the emotions out of it, take a listen to this show.
We've recently had a surge of calls from our listeners asking whether they should consider getting into the market? What do you think? If you want to know Anthony's thoughts, take a listen to this show!
If you're retired or on the brink of retirement, there are things you need to know. In this episode, Anthony discusses 8 steps you need to have in place for a successful retirement. There are many traps that could cause you to lose sleep at night or worse, wreck your retirement. Take a listen to this show so you can learn how to avoid them.
If you're retired or on the brink of retirement, there are things you need to know. In this episode, Anthony discusses 8 steps you need to have in place for a successful retirement. There are many traps that could cause you to lose sleep at night or worse, wreck your retirement. Take a listen to this show so you can learn how to avoid them.
If you've been paying attention to the news, it's no doubt that there's a labor shortage. But why? That's what I'm going to discuss in this show! Hint: There are four reasons!
At Providence Financial, we have five core beliefs that you should adopt to ensure a successful retirement. If you're like most, you probably have some sleepless nights worrying about whether you have enough money to last the rest of your life. If you'd like to sleep a little better, then listen to this show to learn what you need to know to ensure a successful retirement.
In this episode, Anthony answers questions from three callers: first question is about RMDs, the second question is from someone who has a lot of money in stocks but is 10 years from retirement; and the final question answered is about variable annuities. Listen in!
Have you almost hit someone while changing lanes because they were in your blind spot? Everyone has done that! The reason they call it blind spot is because you can't see what's in it. The same is true in retirement! In this show, Anthony discusses three blind spots that can blindside you if you don't see them!
Do you have "skeletons" in your financial closet? You might, and not even know it. These hidden skeletons can haunt you down the road if they "get out". What could they be? Listen in.
Do you know what the 5 important ages are in or near retirement? If you don't know the answer, you may be missing out on some important benefits! Or you may subject yourself to some needless and expensive penalties! What are these ages? Listen to this show to find out!
Unfortunately, many retirees I speak with have never taken the time to plan out their retirement. Therefore, they don't really know if they're going to be okay through retirement. You might be okay now, but what about in 20 years or more? In this episode, I discuss three critical components that every retiree needs to consider when mapping out their retirement.
You've probably heard of Bitcoin and Ether but if you're like most, you probably don't know much about them. In today's show, Anthony discusses the basics of cryptocurrencies so that the next time it comes up in conversation, you can sound like you know what you're talking about!
What are some of the things you need to pay attention to during the fourth quarter of 2021? Some clues: Federal Reserve, inflation, interest rates and the stock market. To find out how these are going to affect your retirement, take a listen to this show.
You've probably heard that the debt ceiling is back in the news and will be in the news again as the outrageous political shannanigans continues. Stay tuned! But how might it affect your retirement? You might be surprised at the answer! If you're in or near retirement, you'll want to listen to this show.
The debt ceiling conversation has been engulfing a lot of Congress' time recently, but most people don't know what it is. Unfortunately though, not knowing about it doesn't eliminate the danger it may cause to your retirement. If you want to learn more about the dangers of the debt ceiling to your retirement, take a listen to this show.
Retirement can be divided into three phases: the go-go years, the slow-go years, and the no-go years. But there are different things to think about in each phase. If you miss something, you may not like the results. In this show, Anthony discusses some of the things you need to be thinking about during each phase so you can be prepared when you get there.
What a question, right? Are there mice in your portfolio? Unfortunately though, most people have mice in their portfolio and don't even know it! So what exactly are these mice? And how can you get rid of them? You'll need to listen to this show to find out!
In this episode, Anthony answers 3 questions from callers: 1) Ray asks about why funds won't work when taking withdrawals from your portfolio 2) Jen has an advisor who is recommending an annuity for her retirement and wants to know if this is the best thing to do 3) Jacob wants to know the best way to lower the taxes he will have to pay from taking his Required Minimum Distribution.
A lot of professionals believe that a stock market correction of 30% or more may be on the horizon! But is that bad? You may think that's a silly question, but you'll have to listen to the show for Anthony's answer!
We know that Biden and company are going to raise taxes, probably as soon as next year. Are there things you can do to lower your taxes in retirement? Listen to this show to find out!
If you've ever been in the military, you know how important planning is. The worst time to figure out what to do is in the middle of combat! You must plan ahead of time. The same is true when it comes to your retirement. If you don't have a strategic plan in place the next time the market crashes, you'll likely make some horrible decisions in the heat of the battle. Take a listen to this show as Anthony discusses how to be prepared for the market battle that is on the horizon.
After more than two decades of helping folks prepare for a successful retirement, I've come to learn that the number one fear of retirees today is that they don't want to run out of money! If this is a concern of yours, take a listen to this show as I discuss how you can avoid this dreadful scenario.
If I asked you if you're taking responsibility for your retirement, you're probably going to say "yes". My experience as a financial advisor and attorney often tells me otherwise. Many people have delegated this all important task to others...or have simply "let their investments ride". In this volatile environment, you must be proactive! Take a listen to this show as Anthony discusses how to take personal responsibility for your future.
Have you noticed that things are costing more than they were a month ago? Inflation is here! And a lot of you want to know what the impact will be on the stock market. If you're asking the same question, you'll want to listen to this show!
Are you making the same mistake when when choosing your mutual funds as most investors are? What are some of the dangers that could derail the current bull market? If you want the answer to these questions, you need to listen to this show!
In this episode, Anthony discusses a conversation with a real life pre-retiree. The problem is that this retiree was gambling her entire retirement on one assumption...that may have been false! Take a listen to this show to learn how her perspective changed once Anthony educated her about what she didn't know. If you're going to retire in a few years and you have stocks, you'll want to pay attention!
Have you set a goal for retirement? If so, have you set the right goal? In this episode, Anthony discusses a real retiree who set a goal which was actually hurting him! Take a listen to this episode as Anthony explains how his retirement goal was going to needlessly cost him two years of his retirement!
When you think of bullies, you probably envision kids on the playground of your local school. But there are other kinds of bullies out there...grown up bullies...that can wreak havoc on your retirement if you're not aware of them. Take a listen to this show so you can reduce the chances of getting bullied!
Many of you are on the brink of retirement and are asking yourself if you can afford to. In this show, Anthony talks about a caller who wanted to know if she could retire within the next five years. Take a listen as Anthony discusses what you need to think about before retiring!
Reflation is upon us and if you're not careful, it could cost you big time over the long run! What is reflation you ask? You'll have to listen to this show to find out.
The stock market has provided total returns of over 13% over the last decade which is phenomenal growth! But will this rally last forever? We all know that answer to that. But when is the time to get out? If you're asking the same question, take a listen to this show as Anthony answers that question.
Judy had no idea what the purpose of her money was! Therefore, she had no idea as to whether her investments were supporting or conflicting with her goals. Unfortunately, I find that Judy is not alone! Take a listen as Anthony helps Judy uncover what she wants her money to do for her and how to accomplish her goals!
Most people believe that retirement planning is a big, hairy process and they don't even know where to start. As a result, many pre-retirees are afraid to retire, because they don't have a plan and worse, they don't even know where to start. A retirement plan is simply a combination of smaller plans regarding different aspects of retirement such as social security planning and investment planning. Once you have completed these smaller plans, your retirement plan will fall into place! Take a listen to this show as Anthony discusses the various plans you need to have in place so you can have a successful "Retirement Plan".
Some people argue that the stock market is not gambling. But is the correct? In this episode, Anthony takes a look at the stock market through the eyes of the law to answer that question! This is a show you don't want to miss.
There are many things that are good to do in reverse...but withdrawing funds from your account is not one of them! I dare to say however that most of you are going forward in reverse. And this can be very dangerous! Take a listen to this episode to find out if you're making this critical mistake in retirement.
I have driven race cars around the track and for those of you who have done the same thing, you know what a thrill it is! But when I'm driving to the office, I don't drive the same way (thankfully). How does this relate to investing? Well you can invest for the race track (performance) or you can invest so you have the money to spend during retirement (purpose) without having to worry about running out of money. Take a listen to this show as Anthony discusses the difference performance based investing versus purpose based investing.
Are you investing strategically and rationally, or emotionally? Many people who believe they are leaving emotions out of their investing are not! When you are emotional, it's easy to panic and make costly mistakes. If it bothers you when your portfolio drops in value, you may be investing with your emotions. And this can be dangerous. Take a listen to this show as Anthony discusses what you can do to make sure you are making rational, and not emotional, investing decisions.
Can you really know that you're going to be okay? Or do you always have to guess? In this episode, Anthony discusses a real life conversation with a client who should have made some changes earlier in life, but didn't! Take a listen so you can learn what can happen if you don't plan properly.
If you are in or approaching retirement, you should only be withdrawing interest and dividends while protecting your principle. In this episode, Anthony explains how to begin collecting rent on your portfolio, regardless of what the value of your portfolio balance is at any point in time!
We know that inflation is coming...and you can either stick your head in the sand and pretend it doesn't exist or you can prepare for it. In this episode, Anthony discusses what you can do to prepare for the inflationary that is coming...or may be already here!
When most people hear the word budget, they cringe...as if it something to be avoided! However, a budget done right though is actually quite freeing. Take a listen to this show as Anthony discusses how easy and freeing it is to have a budget!
Many retirees are making some mistakes that can be detrimental to their retirement. And, if these mistakes continue for too long, it may put you in jeopardy of running out of money before you run out of life! In this episode, Anthony discusses three common gaps that he has seen over his 22 year career of helping folks retire! If you want to make sure you're not making any of these mistakes, take a listen to this show.
Being optimistic is a great character trait; but it can be detrimental to your retirement health! In this episode, Anthony shares the story of a real life client who was so optimistic that he was highly unlikely to ever reach his goals! In other words, he was so optimistic that he was letting his optimism cloud his judgment. Take a listen to this show to learn the advice that Anthony gave which helped him come to the reality that his goals were unrealistic.
If you're thinking about buying stocks, you need to be super careful--especially since the market is at record highs! In this show, Anthony discusses five things that you need to consider before you buy a single stock.
In this episode, Anthony discusses a real life client who had $800,000 in her retirement accounts and yet her investments were actually conflicting with her goals! Find out about the changes she made so that her portfolio would begin supporting her goals instead of hurting them.
We all know that what we don't know can hurt us. In this episode, Anthony gives 6 real life stories of real people who lost a lot of money just because they didn't know. If you want to avoid these same mistakes, take a listen to this show!
Social Security is one of the most important sources of income for most retirees. And yet, many recipients take it lightly when it comes to filing. If you're about to take social security and haven't filed yet, you'll want to listen to this show to learn several strategies to maximize your benefits!
Are you going to be okay in retirement? How do you know? Most people don't have a game plan or any way to measure what "okay" means. In this episode, Anthony gives you three keys to consider when asking yourself whether or not you're going to be okay!
Jake is a 33 year old single man who has saved $100,000 and wants to know if he should invest it in the stock market. What do you think? Take a listen as Anthony discusses Jake's story!
We spend a lot of time on this show talking about mistakes that RETIREES make; but what are some of the mistakes that people often make BEFORE they retire? In this episode, Anthony talks about three common mistakes that he has seen people make before they retire. If you plan on retiring within the next decade, you'll want to listen to this show!
If the answer to the question in the title is "yes", then this show will be an eye opener! Anthony discusses why your surviving spouse may have some severe unintended consequences if your trust was drafted over a decade ago! (Hint: The surviving spouse may lose a lot of control and not have access to all of the money once the first spouse passes away).
Anthony has been helping folks develop successful retirement plans for over two decades. But how do you know if you're positioned properly for this to happen? How much do you need to retire? In this show Anthony answers these questions as he shares three things that he believes you need to do in order to have a successful retirement!
Most people believe that their spouse will automatically receive their assets when they're gone. Unfortunately, this may not be true! If you haven't planned properly and you live in California, your surviving spouse may be very upset when they learn that your assets may go somewhere else once you're gone. If you want to learn how make sure that your estate gets distributed the way you actually want them to, you need to listen to this show.
If you have a financial plan, here's the bad news...It's worthless! But there is a very valuable reason to have one. In this show, Anthony discusses why!
Are you confused about Medicare? If so, you need to listen to this show as Anthony walks through the basics of this all important component of retirement planning! You will learn about the difference between Medicare Part A & B along with whether a Medicare Advantage plan may be a better option for you.
Every day, we receive calls from individuals who want to know if they are invested properly for their phase of life. And often times, the answer is no. In this episode, we talk about Judy, a registered nurse, whose investments were actually conflicting with her retirement goals! Take a listen to this show to learn what Anthony shared with Judy to get back on track.
The Trump tax era is about to end and taxes are heading north! If you want to learn what you can do to save taxes, take a listen to this show as Anthony discusses seven tax saving strategies.
Do you pay too much tax? If not, you probably don't need to listen to this show. But if so, the bad news is that this year may be the lowest tax year you've ever had in your life! If you want to learn how to lower your taxes in the future, you'll want to listen to this show!
I meet with too many investors who are needlessly taking risk and they don't even know it. In other words, they are gambling with no potential to win! Would you ever sit down at a slot machine in Vegas if you knew you couldn't win? Of course not! But a lot of you may be doing just that. Listen to this show for Anthony's thoughts about how to know whether you're gambling needlessly.
Many retirees I speak with tell me they are invested for income when in fact they are not. Most of the time, they are cannibalizing their portfolios and don't even know it! If you want to know whether you're properly invested for income, take a listen to this show to learn what the three pillars are to being properly invested for income.
If you are invested in dividend paying stock, you must understand that not all dividends are created equal. Some dividends you can count on and some you can't. In this episode, Anthony discusses 4 types of dividends and what you can expect when investing in them.
Do you feel like you've missed the massive rebound of the stock market over the last year? Are you considering jumping into stocks so you don't miss out on future gains? If so, you'll want to listen to this show as Anthony gives you five things you need to know before taking on the extra risk of stocks.
If you are considering buying an annuity, or you already own an annuity, you need to listen to this show. Annuities may just be the most misunderstood investment vehicle that exists. And if you don't understand how they work, it could be very costly. Take a listen to this show as Anthony discusses the good, bad and the ugly of annuities!
How much do you need to retire? Some sources say you need 80% of your income and others say you need $1.0M to retire. Unfortunately, neither of these is correct! Take a listen to this episode to find out how how much you really need to retire.
Inflation and taxes may be more important to your retirement planning than your investment performance! But most people don't do as much planning as they should regarding these critical factors. Take a listen to this show to find out how dangerous both inflation and taxes can be to your retirement.
In today's uncertain economic environment, a lot of our listeners have told us that they are keeping their money in the bank or some type of equivalent cash investment because they don't want to lose it. But is this money as safe as you think? Take a listen as Anthony discusses two reasons why leaving your money in the bank is actually a very expensive proposition!
With the yield on the 10 year treasury having nearly doubled in the first quarter of 2021, a lot of people are wondering whether it's a good time to buy bonds. If you own bonds, or are thinking about buying bonds, you'll want to listen to this show!
The yield on the 10-year treasury has almost doubled in the first quarter of 2021! And if you've invested in fixed income investments, you may be concerned. But is your concern justified? Is there really anything to worry about? Take a listen to this episode this to find out!
People are healthier and living longer than they ever thought...and this is good, right? Only if you have enough fuel to get you there! Why is it that you have to spend down in retirement? YOU DON'T! Take a listen to this show as Anthony educates you about how to make sure you have enough fuel to last as long as you do.
If you've ever visited a foreign country, you know how confusing everything can be starting the moment you land. Unfortunately, if retirement is a new journey for you, it can be just as confusing. But it doesn't have to be that way. Take a listen to this show as Anthony explains what you should do so your retirement is clear and not confusing.
How do interest rates, inflation, and the stock market interact with each other? This is a common question we get from listeners all the time. To find out the answer, take a listen to this show!
A lot of pre-retirees believe that because they are not retired yet, they can stay invested for growth. But is this the best thing to do? Or could there be some hidden traps to this strategy? In this episode, Anthony discusses a conversation with a client who believed she could stay invested for growth. The problem is that she was wrong! Take a listen to this episode to find out why.
Social Security is very complex and if you don't know the rules, you may be missing out on a sizable benefit! Tune in to learn about the most common benefits that Anthony has seen missed during his career in helping retirees.
Most people have no idea what their retirement puzzle looks like or how all of the pieces are supposed to fit together. In this episode, Anthony discusses three pieces of your retirement puzzle that are critical: Social Security, Successfully withdrawing from your retirement accounts and finally, Taxes. To learn more about these critical components to your retirement, listen to this show!
I talk with a lot of individuals who tell me that they are sick and tired of all of the world happenings. Because of this, many people are feeling stressed about their retirement, and their investments. If this sounds like you, take a listen to this show as Anthony gives you several practical tips to destress your financial life!
In the investment world, there is a little known phrase called "The Uncle Point". What does that mean? It means that if you get to the Uncle Point in your investments, you'll probably lose money! How do you avoid ever getting to the Uncle Point? Take a listen to find out!
We are living in unprecedented times with political unrest, contested elections, the squelching of free speech by social media conglomerates, and the control of the government by one political party. Many folks I talk to are tired of it and are at the point of Crying Uncle. I believe that's part of the reason why the capital riots occurred. But there is also an Uncle Point when it come to your investments. To learn more about what that Uncle Point is, take a listen to this show!
You've worked all of these years and sacrificed along the way and built up sizable retirement accounts. But have you ever asked yourself who is likely to benefit the most from your retirement savings? If you think the answer is you, then you need to listen to show. Because the real answer might just surprise you!
Most people believe that contributing as much as possible to your 401Ks, 403Bs and other retirement accounts is the best way to save for retirement. But is it really? The answer may surprise you! If you're saving most of your money in tax deferred retirement accounts believing that you're doing the best thing possible for your retirement, you'll want to pay attention to this show as Anthony shows you why this may not be the case. Take a listen!
Now that we have some official clarity as to who the president is and which party will control Congress, what are the possible impacts on the economy, the stock market, and your retirement? Those are the questions that Anthony discusses in this episode. If you're confused as to why the market continues to hit record highs despite the change of administration, you'll want to tune into this show as Anthony shares his insight.
Are you concerned about the political environment, the economy, the stock market, and your retirement? The country is more divided and there are many businesses that are struggling to survive and yet the stock market continues to hit record highs. And many people are wondering why? If you're among those who are confused and don't know what to do, you'll want to listen to this show as Anthony shares his insights.
If you're retired and invested for growth, you may be cannibalizing your portfolio to get the cash flow you need every month. Should you really be taking that risk, especially if you don't have to? Take a listen as Anthony discusses this potentially perilous scenario.
In this episode, Anthony shares three different asset classes that can be used to increase the yield in your portfolio while still being conservative. If you want to learn how to increase your yield while minimizing your risk, take a listen to this show.
Most investors have heard the term "growth stock" and "value stock" but have no idea what the difference is. And, does it really matter? You bet it does! Why because a value stock may actually be a value trap and not a good deal at all, even though it has a high yield. If you want to know what the difference is and how yields are affected, you'll want to listen to this show.
Should you be invested for growth or for income? Or can you do both? In this episode, Anthony discusses how you can actually have your cake and eat it too! And in the process, he discusses the difference between stocks and bonds and receiving dividends as compared to receiving interest.
Should you be invested for growth or for income? Or can you do both? In this episode, Anthony discusses how you can actually have your cake and eat it too! And in the process, he discusses the difference between stocks and bonds and receiving dividends as compared to receiving interest.
You can depend on some investments but others, not so much. The closer you get to retirement, the more you must be able to count on your investments. But what investments can you actually count on? Take a listen as Anthony answers this vital question.
You can depend on some investments but others, not so much. The closer you get to retirement, the more you must be able to count on your investments. But what investments can you actually count on? Take a listen as Anthony answers this vital question.
Dollar cost averaging is a great way to save for retirement. But when most people actually retire, they stop. Why? Because they probably aren't aware that this well touted strategy is available even if you're not working. Take a listen to find out the strategies that Anthony uses for his clients that allows investors to continue to use this strategy through retirement.
Dollar cost averaging is a great way to save for retirement. But when most people actually retire, they stop. Why? Because they probably aren't aware that this well touted strategy is available even if you're not working. Take a listen to find out the strategies that Anthony uses for his clients that allows investors to continue to use this strategy through retirement.
In early 2020, the market dropped 37% in 37 days--the fast drop in the shortest period of time in U.S. history! And many investors and retirees got very uncomfortable very fast. And if you felt uncomfortable, it may be a sign that you are invested emotionally and not logically. And yet, emotional investing can be very dangerous and often leads to bad investment choices. How can you protect yourself from letting your emotions take over? Take a listen to this episodes as this is the question that Anthony answers.
In early 2020, the market dropped 37% in 37 days--the fast drop in the shortest period of time in U.S. history! And many investors and retirees got very uncomfortable very fast. And if you felt uncomfortable, it may be a sign that you are invested emotionally and not logically. And yet, emotional investing can be very dangerous and often leads to bad investment choices. How can you protect yourself from letting your emotions take over? Take a listen to this episodes as this is the question that Anthony answers.
We talk a lot about investing for income with investments that yield between 4% - 8%. But what are these investments? What are the risks? These are the questions that Anthony answers as he takes you through a jet tour of the different income producing investments!
We talk a lot about investing for income with investments that yield between 4% - 8%. But what are these investments? What are the risks? These are the questions that Anthony answers as he takes you through a jet tour of the different income producing investments!
If you have never defined the purpose of your money, then how do you know if your investments are supporting it? Unfortunately, many retirees' investments are actually conflicting with their purpose and they don't even know it! Take a listen as Anthony helps you figure out what you want your money to do for you and how to tell if you're invested properly in light of your purpose.
If you have never defined the purpose of your money, then how do you know if your investments are supporting it? Unfortunately, many retirees' investments are actually conflicting with their purpose and they don't even know it! Take a listen as Anthony helps you figure out what you want your money to do for you and how to tell if you're invested properly in light of your purpose.
In this episode, Anthony discusses how a living trust can help you avoid probate. Plus, you'll learn about other vital documents that are a critical part of your financial and estate plans.
In this episode, Anthony discusses how a living trust can help you avoid probate. Plus, you'll learn about other vital documents that are a critical part of your financial and estate plans.
The stock market has averaged over 6% annually over the last 20 years. So if you're only withdrawing 4% per year during that time, your portfolio will will have gotten bigger, right? Don't be so sure! During this episode, Anthony discusses the math behind investing for income and why a 4% yield may be better than a 6% total return! Take a listen to find out why!
The stock market has averaged over 6% annually over the last 20 years. So if you're only withdrawing 4% per year during that time, your portfolio will will have gotten bigger, right? Don't be so sure! During this episode, Anthony discusses the math behind investing for income and why a 4% yield may be better than a 6% total return! Take a listen to find out why!
As technology improves, most things tend to get better and more efficient over time. But it this true of the financial industry? Or has the financial services industry actually gotten worse? Take a listen as Anthony provides his insight while answering this question.
As technology improves, most things tend to get better and more efficient over time. But it this true of the financial industry? Or has the financial services industry actually gotten worse? Take a listen as Anthony provides his insight while answering this question.
I'm patriotic and pay my fair share of tax but I don't pay a dime more than I'm required to! In this show, I discuss different ways that you may be able to save taxes over the long run. And there's a twist...because how you've been saving all these years may be dead wrong! Take a listen to find out why!
I'm patriotic and pay my fair share of tax but I don't pay a dime more than I'm required to! In this show, I discuss different ways that you may be able to save taxes over the long run. And there's a twist...because how you've been saving all these years may be dead wrong! Take a listen to find out why!
We all would like to think that the stock market will never crash again and that it will only be smooth sailing ahead. But we all know that this isn't likely. And if market calamity happens at the wrong time for you, it may cause you to not be able to retire, or to have to cut back on your lifestyle! In this episode, Saccaro talks about how you can position yourself so that you are protected regardless of where the market goes from here.
We all would like to think that the stock market will never crash again and that it will only be smooth sailing ahead. But we all know that this isn't likely. And if market calamity happens at the wrong time for you, it may cause you to not be able to retire, or to have to cut back on your lifestyle! In this episode, Saccaro talks about how you can position yourself so that you are protected regardless of where the market goes from here.
What changes may occur under a Biden presidency? He is going to raise taxes, increase the social security income threshold, push for more stimulus and more. In this episode, Anthony discusses some of the major change you may see under President Biden.
What changes may occur under a Biden presidency? He is going to raise taxes, increase the social security income threshold, push for more stimulus and more. In this episode, Anthony discusses some of the major change you may see under President Biden.
It's not a far cry to say that 2020 is the most interesting year with the most changes that the world has seen. But with all of the changes comes opportunity. In this episode, Anthony discusses a tax strategy for those who are subject to required mandatory distributions that is only available in 2020. Once 2021 is ushered in, this strategy is gone! Take a listen to find out whether you may benefit from this strategy.
It's not a far cry to say that 2020 is the most interesting year with the most changes that the world has seen. But with all of the changes comes opportunity. In this episode, Anthony discusses a tax strategy for those who are subject to required mandatory distributions that is only available in 2020. Once 2021 is ushered in, this strategy is gone! Take a listen to find out whether you may benefit from this strategy.
The media is talking a lot about the V shaped recovery that the stock market has had since it's collapse in March because of Coronavirus. But what about a W shaped recovery? Is this possible? To find out, listen to this episode during which Anthony explains not only what a W shaped recovery is as well as what you can do to protect yourself should this happen again? (hint: the stock market has had many W shaped recoveries in history)
The media is talking a lot about the V shaped recovery that the stock market has had since it's collapse in March because of Coronavirus. But what about a W shaped recovery? Is this possible? To find out, listen to this episode during which Anthony explains not only what a W shaped recovery is as well as what you can do to protect yourself should this happen again? (hint: the stock market has had many W shaped recoveries in history)
If you haven't set up a retirement plan, then you can only guess as to what the outcome might be. Many retirees are flying by the seat of their pants because they don't know how to properly set up a plan. If you want to be purposeful with your retirement and not let it happen accidentally, listen to this episode as Anthony discusses the four different types of planning you should do to have a successful retirement.
If you haven't set up a retirement plan, then you can only guess as to what the outcome might be. Many retirees are flying by the seat of their pants because they don't know how to properly set up a plan. If you want to be purposeful with your retirement and not let it happen accidentally, listen to this episode as Anthony discusses the four different types of planning you should do to have a successful retirement.
Are you confused about the different types of financial advisors? There advisors who get paid commission and those who get paid a fee. Some advisors are generalists and some are specialists. Some work for a large firm and some are independent. How do you choose the right advisor to help you navigate your retirement? That is exactly what Anthony discusses in this episode. If you want to make sure you're working with the right advisor, listen to this episode!
Are you confused about the different types of financial advisors? There advisors who get paid commission and those who get paid a fee. Some advisors are generalists and some are specialists. Some work for a large firm and some are independent. How do you choose the right advisor to help you navigate your retirement? That is exactly what Anthony discusses in this episode. If you want to make sure you're working with the right advisor, listen to this episode!
The volatility is back and some retirees are wondering whether this is like what happened in 2007 when the market dropped nearly 60%. In this episode, Anthony discusses whether this is true and what you need to be thinking if you're retired or going to be retiring soon.
The volatility is back and some retirees are wondering whether this is like what happened in 2007 when the market dropped nearly 60%. In this episode, Anthony discusses whether this is true and what you need to be thinking if you're retired or going to be retiring soon.
Retirement is the most important and expensive purchase you'll ever make so you should protect it! Unfortunately, a single long term care event can wipe it out very quickly. Listen to this episode to find out how to protect yourself!
Retirement is the most important and expensive purchase you'll ever make so you should protect it! Unfortunately, a single long term care event can wipe it out very quickly. Listen to this episode to find out how to protect yourself!
Would you ever set out on a road trip without knowing where you're going? Then why would you do that with your retirement? In this episode, Anthony explains why goal setting is so critical for having a successful retirement.
Would you ever set out on a road trip without knowing where you're going? Then why would you do that with your retirement? In this episode, Anthony explains why goal setting is so critical for having a successful retirement.
How many ways can inflation kill your retirement? In this episode, we talk about three (unexpected) ways that the silent killer can wreck your golden years and what you can do to protect yourself.
How many ways can inflation kill your retirement? In this episode, we talk about three (unexpected) ways that the silent killer can wreck your golden years and what you can do to protect yourself.
Inflation has been called the silent killer and, if you don't prepare for it, it may silently kill your retirement. Listen to this episode to find out how to protect yourself from this slow growing cancer.
Inflation has been called the silent killer and, if you don't prepare for it, it may silently kill your retirement. Listen to this episode to find out how to protect yourself from this slow growing cancer.
In the next couple of weeks, our country will go through what will most likely be the contested--and most important-- presidential election in history! What is likely to happen to the economy if Biden wins? And how do you protect yourself? Listen to this show to find out Anthony's thoughts!
In the next couple of weeks, our country will go through what will most likely be the contested--and most important-- presidential election in history! What is likely to happen to the economy if Biden wins? And how do you protect yourself? Listen to this show to find out Anthony's thoughts!
Although no one knows what is going to happen next in the world of economics or politics, you need to be prepared either way! How do you do that? Listen to this show as Anthony answers that question!
Although no one knows what is going to happen next in the world of economics or politics, you need to be prepared either way! How do you do that? Listen to this show as Anthony answers that question!
During this show, we talk about John who bought $4,500 of Apple stock 20 years ago! How much is it worth today?
We also talk about Mary who is a nurse who has a sizable 403B and doesn't need the money. What is the best way to pass these funds to her daughter?
In this show, we will answer both of these questions!
During this show, we talk about John who bought $4,500 of Apple stock 20 years ago! How much is it worth today?
We also talk about Mary who is a nurse who has a sizable 403B and doesn't need the money. What is the best way to pass these funds to her daughter?
In this show, we will answer both of these questions!
In this episode, I discuss what the worst case scenario may be as a result of Coronavirus with regards to your retirement. What can you do to protect yourself? Take a listen to find out!
In this episode, I discuss what the worst case scenario may be as a result of Coronavirus with regards to your retirement. What can you do to protect yourself? Take a listen to find out!