Providence Financial Retirement Show with Anthony Saccaro

Are you confident that your retirement will be your "golden years", or are you worried that it might be your "rusty years"? I talk with a lot of people who don't know when they're going to retire but worse yet, they don't know why they want to retire and have absolutely no plans as to what they would like to accomplish during retirement. Here are 7 tips to help you crystallize a better vision of what retirement could look like for you:  lifestyle and mental well-being location and housing  travel and exploration  social engagement and hobbies  health care and insurance  estate planning  financial preparedness  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/  

Investment risk assessment is not an easy thing to determine because it's highly personal and because the market is unpredictable. If we do have another recession and the stock market has a major correction, will that affect your future and the things you plan to do during retirement? If the worst case scenario happens and you're planning for the best case scenario, you may be in trouble. If you think you'll only have a good retirement if the market does well for the next 20 years, then you may be invested wrong.  In this show, I offer a complimentary Retirement Risk Test - to take us up on that, visit our show website and request it.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  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 recently had a meeting with someone who contacted us from the show and who has around $2M - all sitting in cash. When I asked why, he said it's because he doesn't want the stress of having to watch the market fluctuate and worry about his portfolio. He doesn't care that he's not earning anything and concluded, after calculations, that he'll never run out of money even though he is withdrawing from his account and has another 30 years of life expectancy. The one major flaw in his plan? Not factoring in inflation, which in 10, 20 and 30 years means that he will have to start taking exponentially more money from his portfolio in order to make ends meet. Listen in to find out how we can solve his problem. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  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, taking a "wait and see and hope for the best" approach is not the smartest way to go. Yet that's what a lot of people do who come to me in the 10th hour, 3 months before retirement, expecting me to basically work magic and "make it all work out". In many cases, that's possible; but it would have been so much better if they had been proactive and started planning ahead of time. Just like you don't plan a month-long international trip the week before, you shouldn't wait until last minute to plan for 2-3 decades in retirement. Here are 6 areas that you can be proactive in:  start at least a decade away from the time you think you will want to retire  pick your Social Security strategy wisely investment planning  tax planning  plan for Required Minimum Distributions  estate planning  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/  

Why is it so important to get your income from your investments?  There's a formula out there that reads as follows:  TR = I + G  Total Return = Income + Growth  The total return on any investment is a combination of the income you receive from the investment plus its total growth. Some investments only give you growth, whereas others only give you income, and some give you both.  When you invest for growth, it's all about capital appreciation and your goal is to buy low and sell high. You could make a lot of money - but you could also lose a lot of money.  When you invest for income, you're investing for the interest and dividends that the portfolio will give you. You know that, year in and year out, you will get a 5% rate of return, for instance, regardless of what the market does or what the value of the portfolio is at any point in time. So what's better - investing for growth or investing for income? 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/

Is 20 or 30 too early to start planning for retirement?  In my opinion, it's never too early to start building a solid foundation when it comes to savings and investments and securing your future retirement. The most important thing you can do in your 20s or 30s is to start now. It takes time for your money to compound and when you're that young, time is on your side. The #1 mistake retirees tell me they made was not starting early enough.  In this show, I cover 5 principles for young people to follow in order to secure their financial future, and they are related to:  1. savings and investments  2. debt management  3. career advancement  4. insurance and risk management  5. starting as early as possible For more in-depth information, read "Total Money Makeover" by Dave Ramsey.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  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/

Have you heard people say "I don't want dividend stocks, I want growth stocks because I want to grow my portfolio?" Or maybe that's you saying this. If you think dividend investing is just for your grandparents who need to get income from their portfolio - I'm here to try and change your mind.  Dividend investing CAN help during the accumulation phase of life as well, and here are 4 reasons:  1. it can increase your portfolio's growth rate  2. it gives you something to dollar cost average in regards to the old money  3. it gives you dividends you can actually count on 4. it helps smooth out the volatility in your portfolio 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/  

I've recently been asked by a number of people whether or not they should get out of the market and find a better time to get back in later. From the war in Eastern Europe to the situation with China and Taiwan, high inflation and unemployment, a lot of people have anxiety about what's going to happen in the near future.  Market timing is basically trying to predict the future movements of the market so that you can sell when the market is high, wait for it to crash then buy when the market is low.  There are definitely some dangers to doing that, and in this show we cover a few of them. 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/    

Predicting whether the future holds a recession or recovery remains a challenging task. Let's delve into the key factors influencing this trajectory and explore potential outcomes: - government policies and stimulus: unprecedented stimulus packages, including monetary measures and fiscal support, have provided a lifeline for individuals and businesses. The continued implementation of such policies can boost recovery efforts and potentially steer us away from a recessionary path. - consumer and business confidence: confidence is a driving force in economic recovery. The willingness of consumers to spend and businesses to invest is vital for restoring growth. Factors such as job security, income levels, and prevailing sentiments will shape the behavior of both consumers and businesses. Restoring confidence through effective communication, policy stability, and financial incentives is crucial for a sustainable recovery. - global trade and supply chain disruptions: the pandemic exposed vulnerabilities in global supply chains and disrupted international trade. The extent to which these disruptions can be resolved will significantly impact economic recovery. Efforts to diversify supply chains, enhance local production capacities, and strengthen international cooperation will play a vital role in ensuring a smoother recovery process. - technological advancements: the adoption of technologies such as artificial intelligence, automation, and digital platforms has accelerated. Continued investment in technological advancements can enhance productivity and provide avenues for economic growth and recovery. Listen in for more.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  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's the difference between investing for growth and investing for value?  Put simply, when you invest for growth you're investing in companies which have greater potential to grow. They tend to be innovative and are expected to grow at a faster rate. People tend to pay a premium for growth stocks because they have higher price to earnings ratios, which means they cost more compared to their relative value. They tend to have higher volatility and uncertainty and a longer time horizon. Companies don't just grow or double in value overnight.  When you invest in value stocks, you're choosing companies which are out of favor with the market for one reason or another. You're hoping that eventually the value of these undervalued stocks will grow to their true potential. These are typically established companies with solid fundamentals which happen to be out of favor at the moment and growing at a slower pace. They tend to offer higher dividend yields which makes them attractive to income investors (such as us at Providence Financial).  Listen in for more.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  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/