Providence Financial Retirement Show with Anthony Saccaro

Retirement can be quite uncertain, and uncertainty creates stress. If you don't have a plan to save for #retirement, or have saved enough money but are afraid to spend it because you fear you'll run out -- that's stressful. We don't know when we're going to die, we don't know how high #taxes are going to go, we don't know where politics are headed or if Social Security will be around much longer. That's stressful.  Enter #investing for income -- how does it take the uncertainty out of retirement? We discuss 3 key points - 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/

What is ESG investing? Put simply, it's "socially responsible investing". There are money managers who invest in companies that are deemed "socially responsible" and which do not harm the social environment. But ESG is more than not investing in companies you don't want to support; it has morphed into more of a political investing environment which is being used to push the leftist agenda.  ESG = Environmental Social Governance  Environmental - what kind of footprint does the company have, does it use toxic chemicals, does it make any sustainability efforts, does it promote green energy  Social - what is the company's impact internally and within the community (racial equality and diversity, LGBTQ agenda)  Governance - how does the company's management drive positive change  Turning to ESG investments not because they're better, but because they support a certain policital agenda can hurt the financial return of individual investors. Certain states such as California are even starting to mandate that money managers invest in ESG companies. But the purpose of investing is not to further a certain agenda, so are these money managers violating their fiduciary responsibility?  FedNow = a new payment processing system Fedcoin = a Central Bank-issued digital currency - the United States dollar in an electronic format, backed by the US Government Listen in to find out 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/

Are you driving the wrong way on a one-way street? Reverse dollar cost averaging is the equivalent of this when it comes to planning for retirement. Why? Because you're going in the wrong direction financially and that can be deadly for your portfolio. What is reverse dollar cost averaging? When you get to retirement, you're not putting money into your portfolio periodically anymore; you're actually doing the exact opposite. You're not buying shares - you're selling them, and by doing so you're driving the average share sales price lower. Listen in to find out 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/

As an Ed Slott Master Elite IRA Advisor, I was recently asked by his team to write an article comparing annuities and IRAs. We'll start by defining what an IRA is (hint: it's not an investment in itself). We'll then talk about annuities as investment vehicles, and how to use them both inside and outside of an IRA, along with the advantages and disadvantages of both.  Listen in to find out more.  Ed Slott is considered to be America's retirement account expert and he offers IRA education to advisors all across the country through periodic conferences and a variety of print and online resources. Visit IRAhelp.com for answers to your IRA questions.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  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/  

- Long term care  - Losing money in your #investments  - Running out of money  These are the 3 most common fears we hear from clients and listeners as they plan for #retirement. Some of them are fearful and don't know even know it. How is that possible? Listen in for an interesting case story. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  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/

If you have a #retirement account such as a pre-tax #IRA, #401(k), #403(b) or any other type, and you're normally used to giving to charity, then you'll want to pay attention to this show because it could save you thousands of dollars just by following the one single tip we're going to give you.  So what exactly are Qualified Charitable Distributions (QCDs)? About 10 years ago, Congress enacted a rule that says that, as long as you meet certain criteria, you can give money to a charity from a pre-tax retirement account without having that show up on your tax returns (so essentially, tax-exempt). There's a difference between tax-exempt and tax-free though - to find out what it is and for a more in-depth explanation of QCDs, 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.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 single most important thing someone needs to do to make sure they have a successful retirement? Unfortunately, the answer is not as simple as one may hope. There is no silver bullet for a successful #retirement. The best answer I can give is, you have to know how to retire. Just like you need to have the knowledge to be successful in a career, you have to have the knowledge to be able to put the retirement puzzle together successfully (Social Security, #IRA and retirement accounts, Required Minimum Distributions, #Medicare, #investing strategies). Listen in to find out 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/

Silvergate Bank, Signature Bank and Silicon Valley Bank - they all went bankrupt within a few weeks of each other. Why did that happen? We answer in today's podcast, and we also cover the 4 reasons why your indexed and fixed #annuities are safe despite these recent bank failures:  insurance companies have very high capital reserve requirements compared to banks insurance companies are backed by the State Guarantee Fund of the state you're in insurance companies insure other insurance companies' money (say that 3 times fast!)  annuities have surrender charges (yes, that's actually a positive)  Listen in to find out 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 are April Fools? They're basically myths or lies which someone gets you to believe for a brief moment but which turn out to be false in the end. They can be funny or the exact opposite - scary. What are some of the myths some people believe when it comes to #investing for income in #retirement? In this show, we cover 3 of them:  Getting a higher average return is better than getting a lower steady return. If you're invested for #income, your #portfolio won't grow.  You should wait until you retire before you invest for income, since you don't need income from your #investments yet.  Hint: #3 is the most dangerous. Listen in to find out 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/  

Annuities are insurance products investors often consider when they plan for #retirement. They are tax-deferred savings products but some come with a variety of fees and expenses, such as surrender charges and administrative fees, and different investment risk levels. There are 3 main types of annuities: fixed variable indexed  In this show, we will focus on indexed #annuities as a viable retirement #investment vehicle in the right situation. Some annuity contracts provide a way to save for retirement. Others can turn your existing savings into a stream of #retirementincome. Still others do both. If you use an annuity as a savings vehicle and the insurance company delays your payout for the future, you have a deferred annuity. If you use the annuity to create a source of retirement income and your payments start right away, you have an immediate annuity.  Listen in to find out 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/