Providence Financial Retirement Show with Anthony Saccaro

Providence Financial Retirement Show with Anthony Saccaro

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, tune in; and if you like what you hear, kindly consider giving us a review. It helps our show reach more people like you.

Episodes

April 22, 2024 51 mins

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 expense...

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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, t...

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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, b...

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April 1, 2024 52 mins

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. 

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LET’S CONNECT

Show website:

https://www.providencefinancialpodcast.com

Find us at:

https://www.providencefinancialinc.com

Get to ...

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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.

...

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March 18, 2024 49 mins

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 asse...

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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 adv...

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March 4, 2024 46 mins

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 strate...

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February 26, 2024 47 mins

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 controvers...

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February 19, 2024 46 mins

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...

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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 mar...

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February 5, 2024 46 mins

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 differen...

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January 29, 2024 49 mins

"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 ...

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January 22, 2024 45 mins

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 or...

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January 15, 2024 52 mins

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 ther...

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January 11, 2024 22 mins

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: 

1. review your retirement goals 
2. review your investment portfolio
3. tax planning
4. income planning
5. health care ex...

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January 8, 2024 24 mins

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: 

1. 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 ...

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January 4, 2024 23 mins

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:...

Mark as Played
January 1, 2024 22 mins

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:...

Mark as Played

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:

1. 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...

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