Providence Financial Retirement Show with Anthony Saccaro

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. 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: 

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

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/