It's all about income on today's show: we're going to talk about ways that you may be wasting money during retirement or may be leaving money on the table through unclaimed benefits you're not taking advantage of or investment strategies you're not aware of.  Some people have actually saved enough money where they can retire with as much income as they need; most of you may not be able to do that and may have to cut back on expenses a bit.  The income equation has two sides: offense and defense.  On the offensive side:  - are you investing properly and trying to maximize yo ..read more

If I blew out my knee, I certainly wouldn't trust myself to fix it. I'm not a doctor, I'm a financial advisor. I'd try my hardest to find the best doctor who could diagnose and fix my knee.  When you're younger, you can afford to make mistakes because you have more time to overcome them. When you're older, you can't afford to mess up anymore; you may have done a great job of growing your portfolio but, when you get to retirement, the strategy shifts.  So if you think you may benefit from the advice of a financial advisor after years of DIY, how can you find one? What should you look ..read more

Are you taking too much risk within your investment portfolio depending on the stage of life you find yourself in?  In this week's podcast, we talk about good risk and bad risk and the difference between left and right brain investing (sounds a bit woo-woo but stick with me). Good risk is the risk of volatility. Bad risk is the risk of loss and it usually occurs when you're not diversified enough - not just within an asset class, but among different asset classes.  Listen in. >>>>>>>>>>>>>>>>>>>>>>>>>>> ..read more

Is permanent life insurance a good investment?  Do I really need long term care and is it a good idea?  What can I do if I'm starting to invest for retirement late in life?  We'll tackle these questions, plus a few more from your listeners, 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 Anth ..read more

Our mission for this show is to help you live a stress-free retirement; and few things create more stress and confusion for pre-retirees than Social Security. Since they don't know whom to turn to for advice, they often make hasty decisions that cost them tens of thousands over their lifetime. When should you take Social Security and what is the best way to take it? We'll give answers and strategies in the first part of this show. In the second part, we'll talk about the best ways to invest during your accumulation years, as you're heading towards retirement, versus your retirement years ..read more

If you're retired, you may be wondering if mutual funds and ETFs are appropriate for you to invest in retirement. You may also wonder what the difference is between them (hint: there are more similarities than there are differences).  Mutual funds are actively managed by fund managers who make decisions about which assets to buy and sell within the fund. Investors buy shares directly from the fund company at the end-of-day net asset value. ETFs are passively managed funds that typically track an index or a specific sector. They are traded on exchanges like stocks, and their prices fluctua ..read more

My dad used to often say to me, "It's not what you earn, but what you keep that matters." In this show, we'll talk about several strategies that can help you maximize how much you keep of what you earn.  We'll then go on to discuss potential pitfalls of investing in mutual funds and the benefits of individual bonds, particularly as you approach retirement. We'll also explain the difference between fee-based and commission-based advisors, with the former being held to a fiduciary standard which requires them to make the best recommendations for their clients.  For our weekly listener ..read more

It's no secret that inflation has been high - let's talk about which investments can best act as a hedge against it. We'll start with investing for income, then we'll cover bond and bond alternatives, dividend stocks and even real estate.  Our weekly listener questions will feature gold, Bitcoin and TIPS (treasury inflation protected securities).  We end this show with discussing the importance of a purpose-driven investment strategy that aligns with your retirement goals.  Listen in. >>>>>>>>>>>>>>>>>>>>>>>> ..read more

If you have a 401(k) and are wondering whether or not you should leave it there or roll it into an IRA, you're going to want to listen to this show. There are valid points on both sides of the argument and we'll make sure to cover them.  About two decades ago, it became popular for companies to allow in-service withdrawals for working employees over 59 1/2 years old. Since there are benefits for both options, it can be a controversial issue with many things to consider from a financial standpoint.  As usual, we'll end the show with listener questions. Listen in. >>>>> ..read more

What should you keep in mind about if you're considering Bonds as an investment option?  How can you use them as a capital appreciation play?  What are some alternatives if you think bonds might be too conservative for you?  These are the 3 points of interest we'll focus on during this show.   For our weekly listener questions segment, we'll talk about how to use an annuity for income and we'll explain the difference between saving for retirement and saving in retirement. Listen in.  >>>>>>>>>>>>>>>>>>>>>&g ..read more