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.

Outdated Retirement Rules that Can Cost You - And What to Do Instead 09/15/2025

How Fed Rate Cuts Could Impact Your Retirement 09/08/2025

5 Ways to Fireproof Your Retirement 09/01/2025

Trump's "Big Beautiful Bill" and Your Retirement 08/25/2025

Mutual Funds, ETFs and Your Retirement Income 08/18/2025

Paychecks in Retirement: How to Invest for Steady Income 08/11/2025

Halftime Check-In: Smart Money Moves for the Rest of the Year 08/04/2025

Retiring Right: How to Prepare Financially and Emotionally 07/28/2025

Smart Retirement Strategies: How to Maximize Income and Minimize Taxes 07/21/2025

Long Term Care - The Hidden Risk 07/14/2025

Mastering Retirement Accounts: IRAs, Roths, Conversions & Tax Strategies 07/07/2025

Retirement Q&A (Roth Conversions, Annuities, 4% Rule + More) 06/30/2025

Retirement Q&A (Roth Conversions, Annuities, 4% Rule + More) Join us for a Q&A-style deep dive as we tackle the retirement planning questions you’ve been asking: Inflation: Learn how rising prices slowly chip away at your purchasing power — what used to cover essential expenses now may fall short. Interest Rates: Discover the ripple effect of rate changes on income streams and savings—whether you’re holding CDs or fixed-income investments. Stock Market Volatility: Anthony explains why market swings shouldn’t derail your long-term retirement income plan and how to stay grounded. 4% Rule: Is it still reliable? We’ll revisit this classic withdrawal guideline and see how it's holding up in today’s environment. Roth Conversions: Hear how moving funds to a Roth IRA can minimize future RMD pressure and provide tax-free income—plus advanced strategies like conversion “ladders.” RMDs: What are they, when do they start, and why delaying them — or converting ahead of time — might help you save on taxes. CDs: Unpack the benefits and pitfalls of certificates of deposit as safe, short-term income vehicles—plus why they may not keep pace with inflation. Annuities: We'll cover when annuities make sense, what fees to look out for, and how they compare to other income sources. 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/ /episode/index/show/providencefinancial/id/37205220

The Price of Waiting 06/23/2025

Retirement in a Shifting Economy 06/16/2025

How to Retire and Make Your Money Last 06/09/2025

7 Warning Lights Retirees Miss 06/02/2025

7 Warning Lights Retirees Miss This week's podcast sheds light on seven critical yet often overlooked warning signs that could derail your retirement plans. 1. Market Volatility: Sudden market swings can significantly impact your retirement savings, especially if they occur early in your retirement. Understanding sequence of returns risk is crucial to safeguarding your nest egg. 2. Inflation's Silent Erosion: Over time, inflation can diminish your purchasing power, affecting your ability to maintain your desired lifestyle. It's essential to have strategies in place to combat this silent threat. 3. Outdated Estate Plans: Life changes, and so should your estate plan. Failing to update your estate documents can lead to unintended consequences for your heirs. 4. Overspending in Early Retirement: The initial years of retirement can be exciting, but excessive spending during this period can jeopardize your long-term financial security. 5. Lack of a Comprehensive Retirement Plan: Without a structured plan, you may find yourself unprepared for the financial challenges of retirement. A well-thought-out strategy is essential for peace of mind. 6. Staying Stuck in the Risky Growth Phase: While growth investments have their place, failing to adjust your portfolio as you age can expose you to unnecessary risks. It's vital to reassess and rebalance your investments periodically. 7. Neglecting to Rebalance Your Portfolio: Over time, your asset allocation can drift from its intended targets. Regular rebalancing ensures your portfolio remains aligned with your risk tolerance and financial goals. 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/ /episode/index/show/providencefinancial/id/36796900

RMDs and Roth Conversions - Navigating the Tax Maze of Retirement 05/26/2025

RMDs and Roth Conversions - Navigating the Tax Maze of Retirement This week's podcast is focused on the intricacies of Required Minimum Distributions (RMDs) and Roth IRA conversions—two pivotal elements in retirement planning. With the age for initiating RMDs now set at 73, retirees are compelled to withdraw a minimum amount annually from their traditional retirement accounts, potentially escalating their taxable income. We explore strategies to manage these distributions effectively, including the timing of withdrawals and the implications of deferring the first RMD to April 1 following the year one turns 73. Transitioning to Roth IRA conversions, the discussion highlights how converting traditional IRA funds to a Roth IRA can offer tax-free growth and eliminate future RMDs. However, this strategy requires careful consideration of current tax brackets, potential Medicare premium increases, and the availability of non-retirement funds to pay the taxes due upon conversion. We also address advanced concepts such as: - Strategic Timing of Conversions to minimize tax impact - Partial Conversions (preading conversions over several years to manage tax liabilities and avoid pushing into higher tax brackets) - Legacy Planning (leveraging Roth IRAs to provide tax-free inheritances to beneficiaries, enhancing estate planning strategies) 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/ /episode/index/show/providencefinancial/id/36681685

Annuities: Weighing Stability Against Flexibility 05/19/2025

Tariffs and Your Retirement: Navigating Economic Uncertainty 05/12/2025

Mastering Emotions: The Key to a Fulfilling Retirement 05/05/2025

Navigating Retirement Risks: Roth Conversions, Inflation, Sequence of Returns, and Bonds 04/28/2025

Navigating Retirement Risks: Roth Conversions, Inflation, Sequence of Returns, and Bonds In this week's podcast, we delve into four critical aspects of retirement planning that can significantly impact your financial future. - Roth Conversions: This strategy involves transferring funds from a traditional IRA or 401(k) to a Roth IRA, paying taxes on the converted amount now to enjoy tax-free withdrawals later. It's particularly beneficial if you anticipate higher tax rates in the future or want to reduce required minimum distributions (RMDs) in retirement. - Inflation: Over time, rising prices can erode the purchasing power of your retirement savings. Even modest inflation rates can significantly impact your ability to maintain your desired lifestyle, making it essential to incorporate inflation-protected investments into your portfolio. - Sequence of Returns Risk: This refers to the danger of experiencing poor investment returns early in retirement, which can deplete your portfolio more rapidly due to simultaneous withdrawals. Implementing strategies like adjusting withdrawal rates or maintaining a diversified portfolio can help mitigate this risk. - Bonds: Traditionally seen as a stable income source, bonds can provide diversification and reduce overall portfolio volatility. However, in certain economic climates, such as periods of rising interest rates or inflation, bonds may underperform, necessitating a reassessment of their role in your investment strategy. Listen in as we explore these topics to help you make informed decisions for a secure and comfortable retirement. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 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/ /episode/index/show/providencefinancial/id/36288215

Retirement Planning: Illusion vs. Reality 04/21/2025

Planning for Volatility: Why Your Portfolio Needs a Fire Drill 04/14/2025

Avoiding Unseen Pitfalls: Proactive Steps for a Secure Retirement 04/07/2025

Avoiding Unseen Pitfalls: Proactive Steps for a Secure Retirement In this episode, we explore critical areas where procrastination can lead to unexpected challenges in retirement. By addressing these issues early, you can ensure a more secure and comfortable future: 1. Tax Planning: Delaying tax strategies can result in higher liabilities during retirement. Proactive planning helps minimize taxes on withdrawals and investments, preserving more of your savings. 2. Long-Term Care: Many underestimate the likelihood of needing long-term care, which can be costly. Early planning, including considering insurance options, can protect your assets and provide peace of mind. 3. Home Maintenance: Neglecting regular upkeep can lead to significant expenses down the line. Addressing repairs promptly maintains your home's value and prevents larger issues during retirement. 4. Retirement Account Withdrawals: Without a clear strategy, you risk depleting your savings too quickly or facing unexpected tax consequences. Understanding withdrawal rates and tax implications is crucial for sustaining your income. 5. Estate Planning: Postponing the creation of a comprehensive estate plan can lead to legal complications and unintended asset distribution. Establishing wills, trusts, and powers of attorney ensures your wishes are honored and your loved ones are protected. By taking action in these areas now, you can prevent future discomfort and secure a more predictable and comfortable retirement. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 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/ /episode/index/show/providencefinancial/id/36012695

Retirement: Expectations vs. Reality 03/31/2025

Retirement: Expectations vs. Reality In this episode, we examine eight common retirement expectations and contrast them with the realities many retirees face: 1. Lower Expenses: Many anticipate reduced living costs in retirement, but factors like healthcare, travel, and leisure activities can keep expenses high. 2. Manageable Healthcare Costs: While some believe Medicare will cover all health expenses, out-of-pocket costs for services like dental, vision, and long-term care can be substantial. 3. Reduced Taxes: It's a common belief that taxes decrease in retirement; however, withdrawals from tax-deferred accounts and other income sources may keep tax liabilities significant. 4. Optimal Social Security Strategy: Many assume they're maximizing Social Security benefits, yet factors like timing and spousal benefits can greatly influence the amount received. 5. Continuing to Work: Some plan to work part-time during retirement, but health issues or job market challenges can hinder this intention. 6. Reliable Financial Advice: Trusting that all financial advisors have one's best interests at heart can be misguided; it's essential to ensure advisors are fiduciaries committed to acting in your favor. 7. Consistent Investment Income: Relying solely on investments for income assumes market stability, yet market volatility can impact returns and financial security. 8. Certainties in Retirement: While some aspects are unpredictable, retirees can anticipate factors like market fluctuations, legislative changes, inflation, and unforeseen expenses, emphasizing the need for flexible planning. Listen in as we explore these topics to help you better prepare for a retirement that aligns with reality. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 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/ /episode/index/show/providencefinancial/id/35914510

Beware One Size Fits All Retirement Planning 03/24/2025

Beware One Size Fits All Retirement Planning In this episode, we challenge conventional retirement planning approaches that may not suit everyone's unique needs: The Buy-and-Hold Dilemma: Wall Street often promotes a buy-and-hold strategy, encouraging investments in stocks and mutual funds without considering how to convert these assets into usable income during retirement. Without a clear plan to liquidate these assets, retirees might struggle to access their wealth when needed. The 4% Withdrawal Rule Revisited: Traditionally, retirees have been advised to withdraw 4% of their portfolio annually to sustain their retirement funds. However, recent analyses suggest that this rule may no longer be as reliable, especially given today's economic conditions and longer life expectancies. Market Resilience Assumptions: Advisors often reassure clients to "hang in there" during market downturns, asserting that markets will rebound over time. While this may hold true in the long run, it doesn't account for individual circumstances, such as age and risk tolerance, which are crucial in retirement planning. Join us as we explore these topics and discuss personalized strategies to ensure your retirement plan aligns with your unique goals and circumstances. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 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/ /episode/index/show/providencefinancial/id/35821205

How to Choose Your Retirement Income Strategy 03/17/2025

Redefining Retirement: Finding Purpose and Fulfillment 03/10/2025

Winning the Retirement Game: Your Strategic Playbook 03/03/2025

Your Retirement Questions Answered: RMDs, LTC, Annuities, and More 02/24/2025

Providence Financial Retirement Show with Anthony Saccaro

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