Providence Financial Retirement Show with Anthony Saccaro

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

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 poo-poo 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...

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? Listen in to find out. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know A...

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 you hear. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.p...

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. Listen in.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.prov...

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 we discuss whether you should max out your retirement contributions or whether there may be a better way.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialp...

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 we weigh in on what you need to be thinking during these uncertain times. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CON...

In this episode, we discuss 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. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find...

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. Listen in for 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, we 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...

Because inflation has reached levels not seen in 20 years, a lot of retirees have asked us 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 s...

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, we explain the three phases and what you need to know to be successful during each phase. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https...

If you are invested for income, does that mean you have to give up the opportunity for growth? NO! In this show, we discuss how to get growth through income producing investments and do it with less risk. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know Anthony: https://anthonysac...

We talk a lot about income producing investments because we are income specialists. But what are some of these investments? In this episode, we give a brief rundown of the various income producing investments that yield between 3% and 8%. If you want to become further educated about what these investments are and why they are more conservative than stocks, listen in. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>...

Retirement is a big shift and your entire life changes. A lot of retirees have even shared 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 and find out how to feel confident, not lost, in retirement. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNE...

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. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Ge...

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. Here are five strategies that may help you save money in taxes.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know Anthony:...

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? We answer these questions in this show. Plus, we give you a few examples of people who lost a ton of money after learning the hard way that they were not as well 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. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast...

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 our thoughts, take a 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....

If you're retired or on the brink of retirement, there are things you need to know. In this episode, we list 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. Listen in to find out how to avoid them. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinan...

If you're retired or on the brink of retirement, there are things you need to know. In this episode, we list 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. Listen in to find out how to avoid them. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinan...