Podcast
Providence Financial Retirement Show with Anthony Saccaro
Hosted by Anthony A. Saccaro, ChFC, Esq. · EN
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.
33episodes
Episodes
Newest firstAll episodes
How to Optimize Roth Timing and Social Security Benefits
1w ago00:39:44Tap to summarizeWelcome to another episode of the podcast! This week, we break down key retirement planning strategies that can significantly impact income, taxes, and long-term financial security. The discussion covers optimal timing for Roth conversions during the "bridge years" before required minimum distributions begin, and how strategic use of tax brackets can help create long-term tax-free income. We also explain important considerations like IRMAA and how conversions may affect Medicare premiums. The episode then explores long-term care planning and the evolution of asset-based insurance options that combine care protection with life insurance benefits. Finally, it highlights often-overlooked Social Security strategies, including spousal and divorced survivor benefits that can materially increase lifetime retirement 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/
Transcribe →Social Security, Taxes and Retirement Income
2w ago00:42:43Tap to summarizeIn this listener-driven episode of the Providence Financial Retirement Show, we answer some of the most common retirement questions. Learn why Social Security isn't likely to "go broke," what changes could be made to strengthen the system, and why filing decisions should be based on your personal situation, not fear. We also explain the "tax torpedo" and how IRA withdrawals can unexpectedly increase taxes, Medicare premiums, and the taxation of Social Security benefits. Plus, discover how Roth conversions can help reduce future tax burdens and whether today's higher interest rates make annuities worth considering as part of a retirement income plan. 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/
Transcribe →How to Avoid Costly RMD Penalties
3w ago00:43:04Tap to summarizeIn this episode of the Providence Financial Retirement Show, we break down the key rules behind Required Minimum Distributions (RMDs) and the mistakes that can trigger steep IRS penalties. You'll learn how RMD amounts are calculated, why they change year to year, and the critical "aggregation rules" that determine which retirement accounts can (and cannot) be combined when taking withdrawals. The episode also explains one of the most common and costly errors: taking an RMD from the wrong account type, and how that can still result in penalties even if you withdrew the correct total amount. Finally, we explain why proactive planning, including Roth conversions, can help reduce future RMD pressure and give retirees more control over taxable income in retirement. 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/
Transcribe →Retirement Income, Inflation and Market Risk
Jun 800:44:57Tap to summarizeWelcome to another episode of the Providence Financial Retirement Show! This week, we answer four more timely retirement questions received from our listeners: * How do you create income from your savings without running out of money? * Can inflation quietly derail your retirement plan? * Should retirees rely on the stock market to keep pace with rising costs? * How much risk should you really be taking as retirement begins? Find out why withdrawal strategies can create unnecessary stress, how taxes impact retirement income planning, the hidden dangers of relying on market averages, and how to think about balancing growth, income, and preservation as you move into retirement. 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/
Transcribe →The Truth about Long Term Care, Annuities and Retirement Risk
Jun 100:46:07Tap to summarizeIn this week's podcast, we address four important retirement issues listeners are asking right now: 1. Could long-term care wipe out your savings? 2. Are annuities smart protection or a bad investment? 3. Are you taking too much stock market risk in retirement? 4. How do you create income without draining your portfolio? You'll learn why Medicare may not cover long-term care the way you think, the truth about annuities, how sequence-of-returns risk can damage retirement plans, and why living off interest and dividends may create more peace of mind than relying on withdrawals alone. 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/
Transcribe →Estate Planning Isn't Just for the Rich
May 2500:44:17Tap to summarizeWhen most people hear the words "estate plan", they picture the ultra-wealthy - people with vacation homes, mansions, and millions in the bank. But here's the truth: estate planning isn't about how much you have, it's about what happens to your loved ones when you're gone. In this episode, we'll break down what an estate plan really is, and why everyday families in California need one. If you own a home or have more than $184,500 in assets, you could be subject to probate, a long and expensive court process that delays your estate from passing smoothly to your heirs. We'll unpack the essential building blocks of an effective estate plan, including: - Living Trusts – how they keep your estate out of probate and protect your privacy - Healthcare Directives – making sure your wishes are honored if you can't speak for yourself - Living Wills – defining the care you want in advance - Powers of Attorney – naming someone you trust to make decisions on your behalf Your estate plan is one of the greatest gifts you can give your loved ones - not a symbol of wealth, but a plan of protection, clarity, and peace. 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/
Transcribe →How to Stop Draining Your Portfolio
May 1800:45:32Tap to summarizeIs your retirement plan built to create lasting income, or are you slowly draining your portfolio? In this week's episode, we explain the key differences between an income strategy and a withdrawal strategy, and why that distinction matters more than most retirees realize. We also discuss Social Security timing, Roth conversions, taxes, RMDs, and how these decisions work together to impact your long-term retirement security. Your retirement plan should be designed to create dependable income, reduce financial stress, and help you avoid running out of money later in life. 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/
Transcribe →Can Your Retirement Survive a Stress Test?
May 1100:45:58Tap to summarizeMost retirees know about market risk, but that's only one piece of the puzzle. In this week's episode, we explore the hidden risks that can quietly derail an otherwise solid retirement plan if you're not prepared for them ahead of time. We break down how to stress test your portfolio against some of the biggest threats retirees face today, including inflation, rising taxes, sequence of returns risk, long-term care expenses, behavioral mistakes, and even the financial impact of losing a spouse. You'll learn why a retirement plan that looks great on paper may still have dangerous weak spots, how to identify the pressure points in your own strategy, and what practical steps you can take now to create more confidence and stability for the future. Because retirement isn't just about growing your money. It's about making sure your plan can survive when life doesn't go according to plan. 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/
Transcribe →Why Retirement Is Harder than Ever - and How to Get It Right
May 400:42:19Tap to summarizeFifty years ago, retirement was simple. Today, it's anything but. In this episode, we unpack why modern retirement planning is more complex (and more risky) than ever before. With people living longer and financial responsibility shifting from employers to individuals, the margin for error is smaller than ever. From deciding when to take Social Security to managing your own investments without a pension, the responsibility is now on you. We also cover key changes like required minimum distributions, Roth strategies, and rising healthcare costs, and why more retirees today fear running out of money more than anything else. If you're approaching retirement or already there, this conversation will help you avoid common mistakes and build a strategy focused on what matters most: reliable income for life. 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/
Transcribe →How to Build a Retirement Plan You Can Trust in Any Market
Apr 2700:47:03Tap to summarizeThe market dropped, then quickly recovered. But what if next time it doesn't? In this episode, we break down why recent market rebounds can create a false sense of security, and how that mindset can quietly put your retirement at risk. Because history shows the market doesn't always bounce back quickly, and sometimes not at all - for years. We also tackle key questions: - Should you just ride out volatility, or make changes as you get closer to retirement? - What happens if the market drops right before (or after) you retire? - How do you avoid relying on growth when you actually need income? You'll learn why having a true plan matters, how to evaluate your current strategy, and the steps you can take now to create stability and real peace of mind, no matter what the market does next. 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/
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