Providence Financial Retirement Show – Saturdays 4PM – KRLA AM 870 The Answer
We are excited to announce that a special project a long time in the making will become reality soon! The Providence Financial Retirement Show, hosted by Anthony Saccaro, ChFC, will air every Saturday at 4 PM on KRLA AM 870 The Answer. Most people spend more time planning their vacations than they do preparing for […]
How Might Higher Inflation Affect Your Investments?
America once experienced something called “moderate inflation.” It may seem like a distant memory, but it could very well return in the second half of this decade. A remote possibility? Most economists think the Fed will start raising interest rates in late 2015 and take them higher in 2016 through a series of incremental hikes […]
Will IRA Charitable Rollovers Finally Be Made Permanent?
A great idea is hard to dismiss. Congress failed to extend the IRA charitable rollover provision into 2014. That took a terrific charitable gifting option off the table, a potential win-win for both non-profits and wealthy households with large IRAs. The IRA charitable rollover let traditional and Roth IRA owners age 70½ or older gift […]
Women, Longevity Risk and Retirement Saving
Will you live to be 100? If you’re a woman, your odds of becoming a centenarian are seemingly better than those of men. In the 2010 U.S. Census, over 80% of Americans aged 100 or older were women. Will you eventually live alone? According to the Administration on Aging (a division of the federal government’s […]
3 Reasons to Wait Until You Retire to Make a Roth IRA Conversion
One of the most commonly asked Roth IRA questions is: “Should I make a Roth conversion?” While Roth conversions can make sense at any age, depending on your particular circumstances, generally speaking, the younger you are, the more it makes sense. Converting at a young age gives you the longest amount of time to let […]
Asset Location and Timing to Reduce Taxes in Retirement
Location, location, location. It matters when it comes to real estate, and it also matters when it comes to the way you hold and invest your retirement savings. You can’t control what happens with the tax code, but you can control how your savings are held. As various types of investments are taxed at varying rates, […]
Should You Apply For Social Security Now or Later?
When it comes to the question of Social Security income, the choice looms large. Should you apply now to get earlier payments? Or wait for a few years to get larger checks? Here are some factors to keep in mind when making your decision: Consider what you know (and don’t know). You know how much retirement money […]
Retirement and Your Budget: Credits and Debits
Just like any major life event, retirement brings about a lot of unexpected changes. Many of these changes will be in lifestyle, hobbies, or location, but the most worrisome for retirees are the unexpected changes with their financial situation. If you are like most of our clients, you have planned well for your retirement, but […]