Providence Financial Retirement Show with Anthony Saccaro

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...

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 safegu...

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 exp...

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:...

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? Thi...

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 Just as humanity once believed the Earth was flat or the center of the universe, we may be holding onto outdated assumptions about money, retirement, and investing.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 u...

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 phas...

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 retirem...

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. 1. Required Minimum Distributions  2. Roth conversions  3. tax-loss harvesting  4. tax bunching ...

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 advisor...

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...

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 st...

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...

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 ch...

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,...

"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:  1. 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...

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 s...

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.  1. determine how much money you will need to retire 2. strategize for Required Minimum Distributions  3. f...

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.  1. develop a plan  2. eliminate debt  3....

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 rollerc...

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...

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 reti...

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: http...

In this week's podcast I cover four reasons why it's harder for you to retire than it was for your parents:  1. 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...

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?  Li...