Providence Financial Retirement Show with Anthony Saccaro

"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 Radio: https://www.providencefinancialradio.com Yelp:...

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 Radio: https://www.providencefinancialradio.com Yelp: htt...

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/fe...

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 Radio: https://www.providencefinancialradio.com Yelp: https:...

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 Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-finan...

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 Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-fin...

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:...

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 Radio: https://www.providencefinancialradio.com Yelp: https://www.yel...

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...

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 Radio: https://www.providencefinancia...

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 Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-ins...

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 Find us at: www.providencefinancialinc.com YouTube: https://www.youtube.com/c/AnthonySa...

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...

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 Radio: https://www...

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 Radio...

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/AnthonyS...

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....

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 Radio: https://www.providencefinancialradio.co...

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 Radio: https://www.providencefinancialradio.com Yelp: http...

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-insuranc...

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: h...

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://w...

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. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpo...

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. >>>>>>>>>>>>...