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Exit Coach Radio – March 10, 2020

Financial Advisor Article – March 10, 2020

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Anthony Saccaro on RT America | October 17, 2019

Recent reports are showing a slowdown in U.S. household spending and the FED is likely to cut interest rates two more times before the end of the year. Anthony Saccaro discussed this LIVE on RT America.

Anthony Saccaro on The Ticker Show | October 16,2019

Anthony Saccaro was invited for a live interview on “The Ticker Show” on Yahoo Finance and was interviewed by anchor Akiko Fujita on the topic of the U.S. trade agreement with China.

Anthony Saccaro on The Income Generation | September 22, 2019

With Guest Anthony Saccaro The Income Generation With David J. Scranton ***Disclaimer: Sound Income Strategies, LLC is a registered investment advisor.

Anthony Saccaro on The Income Generation | September 22, 2019

With Guest Anthony Saccaro The Income Generation With David J. Scranton ***Disclaimer: Sound Income Strategies, LLC is a registered investment advisor.

RT America News Network Interview – Sept. 18, 2019

Anthony Saccaro Interview on RT America News Network September 18, 2019

Yahoo Finance Interview – Sept. 16, 2019

Anthony Saccaro Interview on Yahoo Finance September 16, 2019

Anthony Saccaro 01.31.19

The Income Generation With David J. Scranton **Disclaimer: Sound Income Strategies, LLC is a registered investment advisor. Information presented is for

Market Forecast 2019 – Anthony Saccaro

The Income Generation With David J. Scranton **Disclaimer: Sound Income Strategies, LLC is a registered investment advisor. Information presented is for

Anthony Saccaro 12.09.18

**Disclaimer: Sound Income Strategies, LLC is a registered investment advisor. Information presented is for educational purposes only and does not

Anthony A. Saccaro Proves That Professional Mentoring Works in Life Insurance Selling Cover Story

Being mentored pays off big time as financial planner's business growth skyrockets LOS ANGELES, Oct. 18, 2012, /PRNewswire/ -- For any professional who's wondered whether being mentored pays off, the answer is a resounding yes, according to Anthony A. Saccaro, ChFC, president of Providence Financial & Insurance Services, Inc in Woodland Hills, California. Life Insurance Selling magazine featured Saccaro [...]

Anthony A. Saccaro Wins Advisors’ Academy’s Top Advisor of the Year

LOS ANGELES, May 17, 2012 — Anthony A. Saccaro, ChFC, president of Providence Financial & Insurance Services, Inc. (https://providencefinancialinc.com), received the top advisor of the year honor at the Advisors’ Academy Top Advisors Awards Gala at the Ocean Reef Club in Key Largo, Florida on May 8. The Advisors’ Academy is the financial advisor industry’s [...]

Open House and Ribbon Cutting Ceremony for Providence Financial & Insurance Services, Inc.

WHAT: Providence Financial & Insurance Service’s open house. The event will feature a ribbon-cutting ceremony with the Woodland Hills-Tarzana Chamber of Commerce representatives, client testimonials, refreshments and a chance to win 16 prizes, including the grand prize of a 5-day, 4-night Mexico cruise, and five $100 Ruth’s Chris Steakhouse gift cards. Invited guests include the [...]

Senior Benefits is now Providence Financial & Insurance Services, Inc.

WOODLAND HILLS, Calif. – Senior Benefits, a financial and estate planning company specializing in conservative investment strategies for baby boomers and retirees, has changed its name to Providence Financial & Insurance Services, Inc. to better reflect its identity and scope of services. Providence Financial & Insurance Services has also started a rebranding campaign, moved to [...]

If you’re worried about the stock market tanking, did you know you don’t have to be in it? It may sound like a novel idea but that’s exactly what we help our clients do: get a good rate of return on their investments without risking their life savings in the market. Want to know more? Listen to this week’s show.

The stock market and interest rates – which will go down and which will go up? Our predictions in this week’s show.

IRA rollover or distribution mistakes are always costly. This week’s show presents a few case studies of actual clients and how we helped them avoid steep penalties and higher tax payments.

Is a Roth conversion right for you? Tax deferral can sometimes be a con and not a pro when it comes to retirement accounts.

The DOW may be at its highest point ever, but did you know that since 2000 the market has only averaged 1.5% return due to 2 major crashes? An eye-opening lesson in stock market history during this week’s show.

Do you know how to read your financial statements or do they seem like a foreign language to you? We’ll give you some tips during this week’s show.

During this week’s show we discuss retirement strategies with special guest Matthew Johnson, CEO of Johnson Wealth and Income Management and a top financial advisor in Hardy, Iowa.

Income-producing investments or how you can live off the eggs without eating the chickens – listen to this week’s show.

When it comes to retirement savings, it’s not the size of the pie that matters but how much income you can slice off that pie every month. The right way to invest for retirement during this week’s show.

What do you want your money to do for you? Are you investing for performance or for purpose? There are big differences between the two and we’ll explore them during this week’s show.

Is it a good idea to manage your own money or is financial IQ better left to an advisor? Watch this recent interview with Anthony Saccaro on The Income Generation show.


Financial mistakes involving IRAs and Social Security are common and costly. There are thousands of ways to take Social Security and hundreds of rules concerning IRAs. Anthony Saccaro’s tips for how to avoid expensive mistakes during this week’s show.

We are in the midst of the second longest bull market our country has ever seen, with stocks up 17% since President Trump got elected. But we have also accumulated more national debt as in the last 10 years than in our entire previous history. There’s going to be a time to pay, and it’s coming soon. Find out how to protect yourself in this week’s show.

Should I pay off my home? When should I take Social Security? Should I get out of debt before opening a savings account? Financial Q&A with Anthony Saccaro during this week’s show.

Did you know you can put almost any investment into an IRA? An IRA is not an investment in itself – it’s just an “umbrella” which will determine how the investment will be treated from a tax standpoint.

If you had invested in the stock market in the year 2000, you would have averaged less than 1.5% return per year. The market had 2 crashes between 2000 and 2013 and is up 35% since then. Want to bet on what is most likely to happen next?

What type of investor are you? We discuss the difference between investing for performance (high risk, short term) versus investing for purpose (low risk, longer term) in this week’s edition of our show. NOW ALSO AIRING ON KKLA 99.5 SATURDAYS 4PM PST

How will President Trump’s proposed changes to the tax code, brackets, deductions and estate tax affect you?

All about mutual funds: what they are, how they work and if you should consider them for your portfolio – in this week’s edition of our show.

Do you really need $1 million in the bank in order to retire? Probably not. Why retirement is actually a matter of income versus expenses in this week’s edition of our show.

How to get a 5% rate of return on your investments without the risk of losing your shirt if the market crashes – safe alternatives to stocks in this week’s show.

Over the past 200 years, the stock market has followed predictable and repeatable trends – yet Wall Street wants you to believe it’s all random. Why? Listen to the this week’s show.

Retirement mistakes and how to avoid them – with special guest Matthew Johnson, financial planner and founder of Johnson Wealth and Income Management in Humboldt, Iowa

How will the Trump presidency affect our national debt? Anthony Saccaro answers in this appearance on The Income Generation show.


Common stock, bonds and preferred stock – what they are, how they differ from each other and how they may fit into your portfolio. Don’t miss this Investments 101 edition of our show.

Renowned economist Harry S. Dent recently predicted a 70% market meltdown by the end of this year. Why we agree and how you can protect your retirement against it.

What can we expect from President Trump’s first 100 days in office? The economic moves we think will make waves- and how they will affect your finances.

If the well-known adage is “buy low, sell high”, what does common sense tell us to do at this point where the market is nearing 20,000? The answer is obvious. Did you know you don’t have to be invested in the market? There’s no rule that says you have to own stock. As a matter of fact, there are better, safer alternatives out there. Listen to this week’s show to find out more.

In 1966, the DOW hit 1,000 for the first time ever. As 2017 begins and it’s nearing 20,000, Anthony Saccaro discusses market history, cyclical trends and his predictions for the near future. Don’t miss our first show of the New Year!

The one investment you should get rid of before it’s too late – don’t miss this week’s show.

The stock market likes stability because it’s based on expectations. Under President elect Trump, we don’t really know what to expect: perhaps lower taxes, higher interest rates, a reduction in benefits and increased instability. Our predictions during this week’s show.

Countries, like households or businesses, depend on cashflow: you must bring in more than you spend. Regardless of who is president, the U.S. is $3 trillion in debt and the only options to bring in more cashflow are raising taxes and decreasing benefits. Here’s how to prepare yourself.

What percentage of your yearly salary do you really need to save in order to have a comfortable retirement? Anthony Saccaro, ChFC, answers during this week’s edition of our radio show.

With the big election this Tuesday, should we be optimistic about the economy? How will the market react? We discuss during this week’s edition of our show.

If you repeatedly stretch and release a rubber band, what will eventually happen to it? It will snap. Since the summer of 2015, our market has had 3 dips of over 12%, but has recovered every time, giving many a false sense of security. Why we think the next dip may stretch the market rubber band to the breaking point – listen to this week’s show.

The stock market had two 50% crashes during the past 15 years (in 2000 and 2008). If you were to hold a stock or indexed fund during this time, you would have earned around 2% rate of return compound. Is that worth the risk? Why we think it’s not, and where you can put your money for higher returns with no risk.

As they get close to retirement, baby boomers are curtailing their spending, focusing on paying off debt and saving money. As a generation that is 4 times larger than any other in history, baby boomers’ spending habits (or lack thereof) profoundly influence corporate profits and the economy as a whole. For more, listen to this week’s edition of our radio show.

Retirement is a matter of receiving income without working. How should we build up our assets so that when we retire we can turn them into an income stream we can’t outlive? Don’t miss this week’s edition of the Providence Financial Retirement Show.

Are your sources of income safe as you approach retirement? How to not run out of money before you run out of years during this week’s edition of our radio show.

Over the past few years, we’ve successfully borrowed our way to a “good” economy and a stock market high unsupported by the real numbers. What will happen when it’s payback time? Find out during this week’s show.

The U.S. economy is the cleanest dirty shirt in the global laundry basket. Its performance numbers are artificially inflated, leading to an artificially inflated market with massive volatility. We are at a high point this week, but how long will it last?

1 in 7 americans (47 million) are on food stamps. Unemployment numbers are under-reported. Social Security is going bankrupt and the government has acquired more debt in the last 6 years than ever in history to pay for what we believe is a depression reminiscent of 1929. How do we protect ourselves? Listen to this week’s show.

Did you know the stock market has averaged 2% return over the past 16 years? Despite short-term gains, the long-term picture is not so rosy. More about the market’s predictable trends in the past century during this week’s show.

Is retirement a matter of how many assets you have, or of how much income you can generate from your portfolio? Don’t miss this week’s show, with special guest Greg Melia, President of Melia Advisory Group in Tulsa, OK.

3 investments you should own to protect your portfolio from Brexit and market uncertainty

Are you stuck in the 80’s or 90’s mentally when it comes to your investments? A strong case for why, in today’s market, investing for income is better than investing for growth.

Variable versus Indexed annuities: which one is better? And are they a valuable tool for growing your assets during retirement? Listen to this week’s show to find out.

How do interest rates and inflation affect the economy and your nest egg? Anthony Saccaro explains in easy to understand terms during this week’s radio show.

Almost 1 in 5 Americans is either unemployed or underemployed and not spending money to support the economy, which in turn affects interest rates, inflation, the stock market and ultimately YOUR nest egg. Find out how to protect yourself in this week’s radio show.

3 ways to protect yourself in today’s volatile market: play defense, invest for income and work with a fee-only advisor who is not biased.

Do you have an annuity? If so, have you read the fine print? Most people haven’t. Listen to this week’s show for the answers to the top 2 questions we get asked about annuities.

Is the economy really doing as well as we’re lead to believe in this election year? Or is the market artificially inflated and headed for trouble? Listen to this week’s show for the answers.

Even though the market has been relatively flat, this doesn’t mean there hasn’t been any volatility. “Several factors are contributing to what I call the “perfect storm”- says Anthony Saccaro, ChFC. Find out how you can protect yourself during this week’s show.

IRA rollovers are common but mistakes can cost you up to 50% penalty. Our radio show this week covers an eye-opening case study and some in-depth IRA strategies you’ll want to know about.

What is Wall Street selling you? Stocks, bonds and mutual funds, of course – but also the illusion of a strong and stable market. Don’t fall for it.

5 ways to protect yourself against the next major stock market earthquake

Taxes 101 on this week’s edition of the Providence Financial Retirement Show with Anthony Saccaro, ChFC.

The stock market is like a rubber band: stretch it over and over and eventually it may snap. Is your portfolio sheltered or is most of it tied to the market rubber band?

Let’s talk taxes! How to use the tax code to your advantage, keep more of your hard-earned money and get a bigger refund.

Is your retirement plan yours, or the government’s? The answer may surprise you. Listen to this week’s show to find out why. We’ll also cover proper retirement account allocation and Required Minimum Distribution pitfalls.

Investing basics and Wall Street myths you need to stop believing in this week’s show – back at 4PM every Saturday on KRLA AM870 The Answer.

Mutual funds are safe, right? Not so fast. They can give you a false sense of security – listen to this week’s show to find out why.

As the market continues its rollercoaster ride, we have good news: you don’t have to be in it. Actually, it may be time to get off before the big crash comes. We talk about the alternatives in this week’s show.

Market update with Charles Payne on FOX Business Network

Varney & Co. January 25, 2016

The major cut the government just made to your Social Security – tune in to this week’s show to find out more.

2015 ended with the market on a flat note and 2016 starts as any election year usually does – with lots of promises when it comes to the economy and your money. Will they come true?

End of 2015 market analysis and top stocks with Anthony Saccaro on the Varney & Co. show

December 29, 2015

If bonds react opposite of interest rates and the FED just raised interest rates, what does this mean for bonds? The answer is obvious – and we have a long term solution. Listen to this week’s show to find out more.

Three stocks with big dividends for the end of the year – Anthony Saccaro shared his top picks on FOX Business Network

Rising interest rates and a falling stock market – not the best combination. Can your portfolio handle it?

Investing for retirement versus investing for growth: different strategies for different life phases. Which one is right for you?

What Are the Top 2 Stocks You Should Invest in Right Now? Anthony Saccaro Answered on the Varney & Co. show.


During the past 200 years of market history, bear markets have averaged 20-25 years. We’re 15 years into the current one. How should you invest? A brief lesson in market history in this week’s radio show.

Are bonds safer than stocks? Maybe – or maybe not. Listen to this week’s radio show to find out why.

Are We Headed Towards a Retail Ice Age?

The Income Generation Guest Appearance December 9, 2018

Anthony Saccaro: Varney & Co January 25 2016

Anthony Saccaro: Varney & Co February 25 2016

Anthony Saccaro: Varney & Co February 1 2016

Congress recently approved a 6-month phaseout of the “file-and-suspend” Social Security claiming strategy for married couples. What does this mean for you, and what other changes are coming? Tune in to this week’s show to find out.

Starting on October 31, the Providence Financial Retirement Show airs at a NEW TIME: every Saturday at 7AM PST on KRLA AM 870 The Answer. This week’s show: Pensions 101.

More Market Pitfalls Ahead for Investors? Anthony Saccaro Gave His Outlook for the Market in His Interview with Stuart Varney

October 29, 2015 Watch the latest video at video.foxbusiness.com

Will tech stocks be the ones to burst the current market bubble? Our predictions for what’s ahead and how to protect yourself and your hard-earned money.

What do San Francisco city streets and the stock market have in common? Find out in our brief lesson on market history during this week’s show.

Anthony Saccaro Opens the Varney & Co. September 22, 2015


Anthony Saccaro Opens the Varney&Co. Show To Discuss Interest Rates, Tech Stocks and Netflix


‘Life Insurance’ = A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. Beyond the basic definition, what are the main reasons to own life insurance? And what kind should you invest in?

If you owed 19 trillion dollars on a credit card, would you want interest rates to be high or stay low? Anthony Saccaro explains how our national debt directly affects interest rates and the returns on your investments.

What would happen if the Chinese yuan became the world’s reserve currency? And how does volatility on Asian markets affect our own pocketbook?

Do you have an annuity? If yes, have you read the fine print? Probably not, if you’re like most people. But don’t worry – we’ve done the legwork for you. Listen to find out more about the ins and outs of annuities.

With the recent market turmoil, stocks’ future is anything but certain. Bonds don’t look that good for the first time in 30 years, as interest rates are poised to rise. And with inflation looming higher on the horizon, cash is not the best bet either. So where are we to put our money to get the most bang for our buck with the least possible risk?

Social Security and why it may affect how soon (or IF) you will be able to retire

What’s ahead for interest rates later this year? And, should they rise, what is the one investment you want to be careful about owning?

Find out why your IRA may end up belonging to the government if you don’t know and follow the rules

Bear markets versus bull markets – an unbiased explanation

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 the Fed Messed up the Bond Market – Anthony Saccaro on KTEK 1110 Business Radio Houston

Do you own bonds or consider investing in some? Listen to Anthony Saccaro’s interview on this topic for KTEK 1110 Business Radio Houston.

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 […]

FORBES 2015 California Financial Leaders

We’re honored to be featured again among California’s Financial Leaders in the July 2015 subscriber issue of Forbes Magazine. This short list includes 6 companies which are excelling in the field of financial services in the State of California. The article highlights our firm’s core values, areas of expertise and holistic approach to financial planning. This is our second Forbes nomination in the financial leadership field, the first one dating back to May 2013.

Reasons Not to Write Your Own Will

Maybe you have seen those will-in-a-box kits. Maybe you have even considered picking one up. Think twice about that. While you can draft a will on your own, there are plenty of reasons why you may not want to go that route. Most people do it to save money, but they may overlook or forget […]

Anthony Saccaro Guest Interview on Tough Talk Christian Radio with Tony Gambone

Good insight into Anthony Saccaro’s personal and business background in his guest interview on Tough Talk Christian Radio with Tony Gambone.

If Interest Rates Rise, What Happens to Bonds?

Will bond investors soon suffer major losses? In the last few years, Bill Gross, Jim Rogers and other pundits have warned of a bond bubble. While it has yet to occur – the broad bond market yielded an annualized 4.42% from 2010-2014 – the threat remains. Quality bonds have a place in a portfolio, but […]

Wise College Planning – Anthony Saccaro Guest Interview on Fox News Radio

Find out why your kids’ student loan debt could destroy your retirement and how to plan for college expenses in order to avoid this. Listen to Anthony Saccaro’s guest interview on the Bill Meyer Show on Fox News Radio.

Anthony Saccaro on Exit Coach Radio with Bill Black

Middle-class families are living on thin ice and having a harder time than ever making ends meet, not to mention saving money for retirement. Anthony Saccaro offered his advice when it comes to budgeting, asset protection and insurance options in this radio interview with host Bill Blass.

Is It Time for Life Insurance?

Many younger Americans lack life insurance. A 2014 report from insurance industry analyst LIMRA found that only a third of Gen Y Americans have any life insurance coverage. In the same survey of 6,000 respondents, six in 10 Gen X and Gen Y Americans said their households would be hard pressed to make ends meet […]

The Difference Between Good and Bad Debt

Who will retire with substantial debt? It seems many baby boomers will – too many. In a 2014 Employee Benefit Research Institute survey, 44% of boomers reported that they were concerned about the size of their household debt. While many are carrying mortgages, paying with plastic also exerts a drag on their finances. According to […]

The Top 12 Tax Frauds

Have you heard of the “dirty dozen?” Each year, the IRS lists the top 12 recurring federal tax offenses – frauds, cheats, feints and schemes that ethically challenged taxpayers, tax preparers and crooks try to perpetrate. Watch for these scams in all seasons, not just tax season. Identity theft. Casually discarded or displayed personal information […]

The Psychology of Saving

Why do some households save more than others? Building household savings may depend not only on cash flow, but also on psychology. With the right outlook, saving becomes a commitment. With a less positive outlook, it becomes a task – and tasks and chores are often postponed. Financially speaking, saving is winning. Sometimes that lesson […]

When It Comes to Investing, Where Should We Put Our Money?

One of the biggest questions most of us have as investors is where to put our money. Should it go into real estate? The stock market? What makes the most sense? Anthony A. Saccaro, ChFC, provided his thoughts on investing in this “Daily News” interview by Kevin Smith.

The Strong Dollar – Good or Bad?

You may have heard that the dollar is “strong” right now. You may have also heard that a strong dollar amounts to a headwind against commodities and stocks. While there is some truth to that, there is more to the story. A strong dollar does not necessarily rein in the bulls, and dollar strength can […]

Common Deductions Taxpayers Overlook

Every year, taxpayers leave money on the table. They don’t mean to, but as a result of oversight, they miss some great chances for federal income tax deductions. While the IRS has occasionally fixed taxpayer mistakes in the past for taxpayer benefit, you can’t count on such benevolence. As a reminder, here are some potential […]

2015 IRA Deadlines Are Approaching

Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. *April 1 is the absolute deadline to take your first Required Mandatory Distribution (RMD) from your traditional IRA(s). *April 15 is the deadline for making annual contributions to a traditional or Roth IRA. Let’s discuss the […]

Getting a Jump on Tax Season

Tax season is almost here and now is the time to prepare for it! What should you have in order for your tax appointment? You can file your federal tax return starting January 20. IRS filing season will start right on time in 2015, and there is wisdom in filing your 1040 well before April […]

2015: Volatility to Continue? Anthony Saccaro Shared His Insight on CNBC’s “Worldwide Exchange”

Tuesday, January 6, 2015 The S&P and Dow indexes witnessed their worst performance in three months on Monday, January 5, 2015. Anthony Saccaro, president of Providence Financial, weighed in saying that volatility is inevitable, with employment and oil being contributing factors.

Could a Market Correction Derail Plans to Raise Interest Rates in 2015? Anthony Saccaro Answered Live from New York on FOX Business Network

A Financial Look Back at 2014

The year in brief. When 2013 ended, few Wall Street investment strategists had high hopes for the market – the thought was that the S&P 500 would post a single-digit advance for 2014. In fact, a Birinyi & Associates survey of said strategists produced a consensus forecast for a 5.8% gain for the index this […]

Your Estate Planning Checklist

Estate planning is a task that people tend to put off, as any discussion of “the end” tends to be off-putting. However, those who pass away without their financial affairs in good order risk leaving their heirs some significant problems along with their legacies. No matter what your age, here are some things you may […]

Talking About Money Before & After You Marry

No married couple should suffer from financial infidelity. If you hide debt, income or assets from your spouse, it can lead to a fight and possibly even an impasse in your relationship. Communication & transparency are essential when it comes to money. That truth should be recognized by every couple tying the knot, or even […]

Getting Financially Fit for Retirement at 50

When you turn 50, retirement starts to seem less abstract. In terms of retirement planning, a 50th birthday can act as a wake-up call. It may offer a powerful reminder to trailing-edge baby boomers and Gen Xers, many of whom are wrapping up their second act with inadequate retirement savings for their third. You may […]

Fall Financial Reminders

As every calendar year ends, the window slowly closes on a set of financial opportunities. Here are several you might want to explore before 2015 arrives: Don’t forget that IRA RMD. If you own one or more traditional IRAs, you have to take your annual required minimum distribution (RMD) from one or more of those […]

Fed Officials Say Global Economic Slowdown to Stall Rate Hikes

Watch the latest video at video.foxbusiness.com Anthony Saccaro and host Gerri Willis discussed the market decliners and when to expect rate hikes from the Federal Reserve (The Willis Report - FOX Business Network)

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 […]

Understanding Your Risk Tolerance

The recent success of Chinese megacompany Alibaba’s IPO (Initial Public Offering) has sparked many investors’ interest. But before jumping in with both feet and opening your checkbook, there are many factors to consider. How’s your ability to withstand short-term losses? This is the question at the core of any discussion of risk tolerance. Some people […]

Should You Invest in Alibaba? Anthony Saccaro Answers on FOX Business Network’s The Willis Report

Monday, September 22, 2014 Watch the video of Anthony Saccaro’s second live appearance during The Willis Report on FOX Business Network. The topic was IPO’s (Initial Public Offerings) and specifically the recent success of Chinese company Alibaba. Anthony gave some insights into the history of IPO’s for the past 80 years and how they related to market [...]

6 Steps to Get Out of Debt

When it seems like you can barely keep your head above the financial waters, what can you do to lighten up the heavy debt load? Positive moves to counteract negative cash flow. The financial analysis website nerdwallet.com keeps track of the various debts common to the U.S. household. As of April 2014, they found an […]

Anthony Saccaro Guest Interview on Real Money Radio with David Holland

September 2014 Anxious about where the market is headed next? Wondering what to do with your money to keep it safe but still grow it at a decent rate, listen to Anthony Saccaro’s guest interview on Real Money Radio with David Holland. Listen

How Taxes Affect Your Savings and Investments

How many of us save and invest with an eye on tax implications? Not that many, according to a recent survey from Russell Investments (the global asset manager overseeing the Russell 2000). In the opening quarter of 2014, Russell polled financial services professionals and asked them how many of their clients had inquired about tax-sensitive […]

What Beneficiaries Need to Know

If your loved ones have invested, saved or insured themselves to any degree, you may be named as a beneficiary to one or more of their accounts, policies or assets in the event of their passing. While we all hope “that day” never comes, we do need to know what to do financially if and […]

Making Your Money Work in This Low Rate Environment – Anthony Saccaro Offers Insight on FOX Business Network

The Willis Report January 5, 2014 Watch the latest video at video.foxbusiness.com

World Wide Exchange Appearance – Anthony Saccaro January 6, 2015

World Wide Exchange January 6, 2015 Watch the latest video at video.foxbusiness.com

Making Your Money Work in This Low Rate Environment – Anthony Saccaro Offers Insight on FOX Business Network

The Willis Report August 4, 2014 As stock and bond yields falter, are you confused about where to invest your money? Anthony A. Saccaro, ChFC, offered some alternatives in his live appearance on the FOX Business Network during The Willis Report on Monday, August 4, 2014. He discussed stock market trends for the past century, why [...]

Medicare Enrollment Options for 2014-2015

Key Medicare enrollment periods are approaching. This fall and winter, there are three periods in which Medicare beneficiaries can either enroll or disenroll in forms of coverage. * Oct. 15-Dec. 7: Open enrollment period. This is when you can exit Original Medicare (Parts A & B) for a Medicare Advantage Plan (Part C) and change […]

5 Investment Risks and How to Manage Them

Bankrate.com, July 28, 2014 The older we get, the less we can afford to lose. Anthony A. Saccaro, ChFC, gives his tips on how to minimize capital preservation risk in this article by Donna Fuscaldo. View Article

Using Long Term Care Insurance To Protect Your Assets

How will you pay for long term care? The sad fact is that most people don’t know the answer to that question. But a solution is available. Many baby boomers are opting to make long term care coverage an important part of their retirement strategies. The reasons to get an LTC policy after age 50 […]

It’s Time to Review Your Life Insurance

When was the last time you looked at your life insurance coverage? Why not do it now? Life insurance can be a remarkable utility as an estate planning and tax-saving tool. Whether you have no life insurance, or you haven’t reviewed your policy in a while, it is always a good idea to be aware […]

The Troubling National Debt

In 1835, something financially remarkable happened: the federal government paid off the national debt. It hasn’t happened since. Through myriad presidential administrations and economic cycles, the national debt has persisted. Wars, depressions and recessions have all helped send it higher, and while it can shrink in the short term, it isn’t going away. Currently it […]

Before the Cake and Wedding Dress: Couples Should Discuss Finances Before Saying “I Do”

MainStreet.com, June 3, 2014 With the wedding season kicking into high gear, there’s one discussion that too often doesn’t occur between couples – finances. Unfortunately, they would rather talk about anything but money. At minimum, couples should have a frank discussion about their approaches to budgeting, planning and saving. Anthony A. Saccaro, ChFC, explains why […]

Providence Financial Donates to Support The Master’s College Student Scholarships

San Fernando Valley Business Journal, June 2 – June 15 Issue Woodland Hills-based wealth management firm Providence Financial recently donated $10,000 to support the annual Master’s College Golf Tournament and help raise funds for student scholarships. Anthony A. Saccaro, ChFC, founder and president of Providence Financial, stated: “Because I am a Bible-believing Christian and because […]

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, […]

Have A Friend Or Family Member In Money Trouble? Take These 7 Steps

Forbes, April 29, 2014 Are you in money trouble, or do you have a friend who is? Things can often seem bleaker than they really are, but there’s always a solution. Anthony A. Saccaro, ChFC, shares his thoughts on how to get help or offer it to a hurting friend in this Forbes article by […]

A Taste of Income Tax History

The 2014 tax season just came to a close and chances are you either have grumbled over your tax bill, or soon will.  The question is, when you do that, should you be longing for “the good ol’ days” when taxes were lower, or should you be counting your blessings that you have today’s tax […]

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 […]

Employee Gripes: Higher Health Care Costs, Lower Raises

USA Today, March 26, 2014 3 out of 4 employees have been affected by higher health care costs and lower raises. Anthony A. Saccaro, ChFC, gives his input on this issue in this USA Today article.   View Article    

2014 IRA Deadlines Are Approaching

Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines.  Here is what you need to know for 2014: *April 1 is the absolute deadline to take an initial IRA Required Mandatory Distribution (RMD). *April 15 is the deadline for making annual contributions to a traditional […]

The Top 4 Free Budgeting Apps

These days, we all literally hold our finances in our hands.  Whether it’s making purchases, accepting small business payments, or simply checking account balances, personal wealth has gone mobile.  With the speed and ease of transferring money on the go, it’s increasingly difficult to keep tabs on our budget—much less our larger financial goals.  Fortunately, the same devices that […]

The FED, the Markets and Your Money

Weekly Valley Vantage, February 6, 2014 Wondering how the economic stimulus tapering and the recent market volatility could affect your investments? Check out this article by Anthony Saccaro in the February 6, 2014 issue of the Valley Vantage newspaper.   View Article  

4 Tips for Deducting Charitable Donations from Taxes

Even though the U.S. is steadily rebounding from the recession, times are still tough.  According to the Bureau of Labor Statistics, the unemployment rate is still hovering around 7%.  And the gap between the poverty line and the middle class continues to widen.  It can be a stretch for households to donate to the less […]

Anthony Saccaro KCAL9 Interview: Keep Your Financial Resolutions

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 […]

5 Financial Resolutions You Need to Make — Our Interview for FOXBusiness

This week’s blog post is courtesy of Donna Fuscaldo and was published on December 31, 2013 by FOXBusiness.  The article features expert opinions on setting financial goals for the year ahead.  Anthony A. Saccaro, ChFC, offered his input on how to set up a diversified portfolio, what lies ahead for bonds and interest rates in 2014 and why you […]

5 Financial Resolutions You Need to Make

FOXBusiness, December 31, 2013 This FOX Business article features expert opinions on setting financial goals for the year ahead. Anthony A. Saccaro, ChFC, offered his input on how to set up a diversified portfolio, what lies ahead for bonds and interest rates in 2014 and why you should have your life insurance reviewed. View Article

Anthony A. Saccaro, ChFC Profiled in The Master’s College Legacy Society Newsletter

Winter 2013 Anthony profiled in “The Master’s College Legacy Society Newsletter” as Student and Legacy Society Member! Take  look here.

Obamacare and the Cost of a Healthy Retirement

Ever since the 2008 presidential elections, America has been in a whirlwind of discussions over our healthcare system.  Any American that has paid attention has had healthcare in the forefront of their mind at some point over the past four years.  And, once the Affordable Care Act legislation went into effect on October 1, 2013, it has […]

The Discount Myth

With Black Friday just around the corner, the “savings” pumped out by our culture are all but unavoidable.  Everywhere we go we’re being offered a sale on something, whether it’s the necessities of our lives such as food or the less necessary, such as an extra pair of shoes or, yes, even scores of holiday […]

Planning for New and Impending Social Security Changes

From middle-aged wage earners to current retirees, just about everyone is eager to know what they can expect of Social Security in the coming years.  People are living longer lives and requiring longer-term sources of income, yet rising health care costs, government deficits and a still-shaky economy could jeopardize their retirement prospects. Despite the consistent […]

Bond Funds and Interest Rates: What You Should Know

This is an excerpt from an article by Anthony A. Saccaro, ChFC, published on Friday, October 11, 2013 in the following newspapers: Pasadena Star-News, Whittier Daily News, San Gabriel Valley Tribune, Long Beach Press-Telegram, San Bernardino Sun, Inland Valley Daily Bulletin. The last time interest rates were this low was, well… never!  But recently, thanks […]

Rising Rates Equate to Costlier Living

Daily News, October 22, 2013 After hitting all-time lows, interest rates have nowhere to go but up. Anthony A. Saccaro, ChFC, discusses how bonds and other investments will be affected by higher interest rates. View Article    

How to Use Financial Indexes as Investment Benchmarks

Success in life is often times about perspective, and this truth follows suit in the investing realm as well.  The performance of your investments can be deemed good, acceptable or poor, depending upon the performance of the funds around you.  This is where benchmarking plays its role.  Benchmarking provides a common way to assess the […]

Planning for New and Impending Social Security Changes

ThinkAdvisor.com, October 14, 2013 Despite the consistent media attention over benefits reductions and opt-out programs, however, it looks like Social Security is here to stay for a while. Still, experts agree that it will have to undergo a few changes in order to remain viable. View Article    

What You Should Know About Bond Funds and Interest Rates

Pasadena Star-News, October 11, 2013 The last time interest rates were this low was well… never! But recently, thanks to Ben Bernanke and crew at the Federal Reserve, they are on the rise. What does this mean to you? Probably more than you think. View Article    

Back to School Edition – Avoiding Unnecessary Student Debt

With the Fall 2013 semester underway, having a discussion about ways to avoid unnecessary debt is now more prudent than ever.  The modern university student has been saddled with financial burdens that older generations often fail to comprehend. In fact, a recent survey of college pricing by the College Board found that a “moderate” budget […]

Fast Forward: How Retirement Is Changing

Predicting the future is not an easy task, particularly in a world that’s begun changing more and more rapidly with every passing day. Unfortunately a lot of people on all sides of retirement find themselves having to do this very thing, having to try and figure out what directions the world will be taking them in […]

A Readiness Check for the Do-It-Yourself Investor

Investing isn’t something you throw together at the last minute.  It takes thoughtful research, planning and monitoring to successfully invest and grow your assets.  That’s why we’ve put together several simple questions to help you create an investment plan. The first, of course, is: what is the purpose of your investments?  Having a main goal […]

529 Plans for Kids’ College Education

It’s back-to-school time and, if you’re like many parents, not only do you really want to give your children the gift of higher education but there’s also a big part of you that feels even somewhat obligated to put your kids through college.  College is anything but cheap, and it will only become more expensive as […]

Retirement Living: Borrow from your 401(k)?

USA Today,  August 13, 2013 Sometimes you really don’t have a choice. All other savings, including your emergency savings, are depleted. There’s a pile of money in your 401(k). It’s a tempting solution to your money problems, but do you really want to mess with your retirement nest egg? And how, exactly, is that going […]

Finding Unclaimed Pension Benefits

Wall Street Journal, July 25, 2013 On the subject of pensions, an eye-opening case study is discussed by Anthony A. Saccaro, ChFC, in this Wall Street Journal article on July 25. View PDF    

Prioritizing Your Retirement Needs – Part II

In the first part of this article, we discussed several elements that often comprise the shape and tone of a retirement picture, and stressed the importance and absolute need to put some serious thought into how important each element is to you if you want to achieve a picture-perfect retirement. With the guidance of the […]

Prioritizing Your Retirement Needs – Part I

When you take the time to ponder your retirement picture, how much do you see and how well-focused is the image?  A comprehensive retirement plan is, in a manner of speaking, a picture of your future — a future in which an alarm clock won’t likely figure very prominently, if at all, since you’ll no […]

Equities in the Last 30 Years: A Retrospective

Looking at a chart covering the performance of the Dow Jones Industrial Average over the last century is a lot like looking at a chart of profitable business earnings at a cartoon enterprise meeting – it’s almost a caricature of itself, a steady upward slope punctuated by regular but far-between drops. When an economy is […]

Mortgage Matters: The Streamlined Modification Initiative

In spite of a decade characterized by nearly every housing catastrophe possible under the sun becoming a reality, the Federal Government is giving their replenishment efforts another powerful go with the “Streamlined Modification Initiative”. Going into effect on July 1st, the initiative will allow “eligible borrowers who are at least 90 days delinquent on their […]

Providence Financial Featured Among Southern California’s Financial Leaders in May Issue of FORBES Magazine

Providence Financial is honored to be featured among Southern California’s Financial Leaders in the May 2013 subscriber issue of Forbes Magazine. If you are a California resident and have a subscription to Forbes you can find our profile in the Promotion section starting on Page 105. As Seen in FORBES – May 27, 2013 View […]

A Debtor’s Mindset: Change Your Thinking and Gain Control over Your Spending

Getting into debt is one of the easiest things in the world for someone living in contemporary America.  Every time you go shopping there will be somebody trying to get you signed up for some sort of premium rewards credit card, every time you go to a bank they will have ads and pamphlets for […]

Stay Away from My 401(k)

It is no secret that our country’s federal deficit is quite steep, but is retirement savings the correct place to look for money to reduce this problem?  Currently, Congress is strongly considering removing all or part of the tax incentives, including pre-tax contributions, for 401(k) plans. This is viewed as a method to increase federal […]

Long Term Care Insurance Basics

Life expectancies have exploded over the last 50 years, and for most couples, at least one spouse will live until age 90 or older.  Yet along with age come a variety of maladies — everything from diabetes and high blood pressure to broken hips or dementia. Often, these types of illnesses and accidents require health care expenses […]

Are You Gambling or Investing?

We’ve all heard the old adage that investing in the market is the same thing as gambling.  America’s #1 wagering event is the Super Bowl and, according to mint.com, $87.5 million worth of legal bets were placed at Nevada sports books on last year’s game.  That sounds like a lot, until you read the next line. […]

How to Maximize Your Tax Refund

Tax season is almost over and the IRS has just announced that it plans to issue refunds about as quickly as it did last year, when 9 out of 10 refunds were released in under 21 days.  This means that now is the time to start considering what you’re going to do with your tax refund. While the promise […]

Keys to Maximizing Your Social Security Benefits

You have worked hard all of your life.  You have raised a beautiful family that you are proud of, and you and your spouse are finally ready to enjoy your golden years together.  And yes, you have also planned and saved for these future retirement years.  Maybe you planned many years ago or maybe you […]

How to Put Better-than-Ever Interest Rates to Work for You – Part II

Part I of this article gave you just a taste of some food for thought when it comes to today’s climate of historically low interest rates and the numerous opportunities it affords those looking to improve their current and future financial situation. We’ve already covered some ways you can make favorable use of these low interest rates […]

How to Put Better-than-Ever Interest Rates to Work for You – Part I

If there’s one good thing that has come out of the economic downturn during these past few years, it’s rock-bottom interest rates.  And while it may seem a strange concept to borrow money in a time when the economy’s reeling, odds are there won’t be another time in the near future when borrowing money is […]

New Rules for IRAs – What You Need to Know

This January brings with it some new rules taking effect to govern IRAs. According to a study funded by Green IRA, 41%, or 64.8 million households in the United States own an IRA, making it one of the most popular investing tools in the country. So how are the rules that govern IRAs going to change? […]

Post-Fiscal Cliff Investing: Proceed with Caution

With the economy looking less hostile by the day, many former investors are dusting off their savings accounts and looking for ways to get their money back into the market.  Be it in stocks, bonds, treasuries, real estate, currencies, commodities, options, and so on, the end of negotiations over the fiscal cliff presents a solid opportunity […]

5 Life Insurance Myths Debunked

Life insurance may not sound all that exciting, but when you do stop to think about life insurance it’s not uncommon to assume that since the concept is simple enough, so too are the products.  It’s also fairly easy to rationalize the things you really don’t understand about life insurance, and before you know it, […]

New Year’s Financial Resolutions: Save More, Spend Less, Invest Wisely

If you’re like most Americans, no matter how old you may be, you’ve had the importance of saving money drilled into your head ever since childhood.  Even now, as an adult, you can almost hear your parents voicing didactic phrases like, “A penny saved is a penny earned”, “Money doesn’t grow on trees” or “A fool […]

Borrowing from Your 401(k): A Financial Sin

When we put money into our retirement accounts we do so for a specific purpose: retirement.  All the money you have funneled into your 401(k) is supposed to buy you that dream retirement lifestyle you spent your entire life working toward.  But unfortunately, more and more people are finding that life can throw them curveballs […]

Financial Advice versus Financial Coaching: Which One is Right for YOU?

You’ve probably heard the different terms describing financial planners and what they can do to secure your financial future.  The question is: did you know that there is a vast difference between a financial advisor and a financial coach? From a bare-bones definition standpoint, a financial advisor is “a professional who renders financial services to […]

Are You Covered Long-Term?

We’ve all heard the horror stories about the investor who did everything right, who had the right job, maxed out their 401k, diversified their portfolio until comfort in retirement was assured, only to have the rug swept out by a debilitating illness.  For this exact reason, insurance companies have created a product called long-term-care insurance. […]

How to Sail Through the Sea of Mutual Funds

When you try to choose a mutual fund to invest in, it can be an extremely daunting task.  It’s easy to get lost in the sea of choices between thousands of mutual funds and tens of thousands of share classes. Many investors often cling to the nearest lifeboat they see, which often times is a […]

How to Prepare for a Financial Consultation

When we go to the doctor, we are all used to hearing those basic questions that check-ups usually start with: “Do you drink? Do you smoke? How much exercise do you get a week? Are you experiencing any pain?”  Those questions, although simple, are critical to doctors.  They use your answers to establish a baseline for how […]

401(k) Fees: Critical Turning Point This November

November often acts as a transition into many things: the holiday season, end of the year preparations, and winter’s arrival.  This November signaled another transition for employees with a 401(k) plan: the transition from ignorance to knowledge. According to a recent AARP survey, 70% of people aren’t aware that they currently pay fees for their […]

The Road to Retirement: “Are We There Yet?”

Many people preparing for retirement feel like a kid on a road trip.  “Are we there yet?”  It’s the common feeling of anyone aiming for a destination.  Unfortunately, for many future retirees it can feel like they are that cartoon character chasing after the sandwich hanging from the stick at their back.  They keep running […]

Investment Behaviors Smart Investors Avoid

If you have an eye toward increasing your net worth, you’re most likely an investor.  Sure, you may not be the next Warren Buffet, but you understand that putting at least some money into the stock market — coupled, of course, with the purchase of a less risky retirement income product — just makes good […]

5 Steps to Cutting the Financial Umbilical Cord

One of the biggest impediments standing in the way of retirement for today’s baby boomers is their children.  Everyone knows that the cost of raising a kid is high, but what’s holding many parents back is the cost of their kids even after they are raised.  Ameriprise Financial surveyed a group of baby boomers and found […]

The Why, When and How of Consolidating Your Retirement Accounts

Consolidate: to combine separate items or scattered material into a single whole or mass. The definition makes consolidation seem tidy, productive and even a bit powerful. With all those good vibes, it’s a wonder why people hesitate to use consolidation tactics in their lives, especially in terms of their retirement. Many people have multiple retirement […]

Is Gold the Key to Your Golden Years?

Gold has been the benchmark of wealth since the beginning of time.  Whether it be in the form of a crown, a ring, or a hidden treasure chest, gold has long been a symbol of power and prosperity.  Maybe that’s why people on TV are always yelling at us to sell them our scrap gold.  […]

Eating the Estate Planning Elephant One Bite at a Time – Part II

You may have been trying to avoid your own proverbial estate planning elephant for some time now, but if the first part of this article attempted to prove anything, it’s that the best way to tackle any challenge is to take it step by step, or in this case, bite by bite.  With this approach, […]

With a Little Help From His Friends: Mentoring Works

Life Insurance Selling, October 1, 2012 Anthony featured in Life Insurance Selling! View here

Eating the Estate Planning Elephant One Bite at a Time – Part I

Few of us want to look at it or even think about it, yet there it looms — the giant estate planning elephant in the room.  It’s impossible to coexist happily, so you know you’ll have to tackle the beast at some point, and when it comes to your financial well-being, earlier is always better than later. […]

How to Take Advantage of Your 401(k)

So, you’ve been saving for retirement for years, perhaps spending your entire career penny-pinching and saving every morsel you can, hoping to live out your later years in a stress-free, fully-funded lifestyle.  You started young and have been saving ever since.  Most importantly, you have invested in the “magical” program people call a 401(k) at […]

7 Questions to Ask before Investing

Making investment decisions isn’t easy, especially if you are just entering the game.  When trying to find your way through the maize of investment options available today, there are some critical questions that you must answer concerning a lot of details that many people don’t think about until it’s too late.  So, if you want to avoid the eternal […]

The Why and How of Building an Emergency Fund

Emergency funds are like spare tires: you never think about them until you need one.  This is an unfortunate truth for many people who don’t have a rainy day fund saved up for themselves.  Some people fail to see the advantage in creating a fund, while others want to create one, but don’t know how. […]

Baby Boomers and the Growing Risk of Retirement Affordability

After reviewing the statistics from a recent poll by the Associated Press and LifeGoesStrong.com, it’s clear that baby boomers are beginning to realize the growing risk of retirement affordability.  Nearly half of all baby boomers creeping into the retirement ranks do not feel confident that they will have the financial resources available to live comfortably […]

Final Expense Insurance: An Affordable and Thoughtful Essential

End-of-life is never a pleasant notion to ponder, but as it is one of life’s absolutes, spending just a few hours to consider your final wishes could spare your loved ones the dual agony of coping with your loss whilst trying to plan — and pay for — your funeral. Making the arrangements for a memorial or […]

5 Things To Know About Your Parents’ Financial Future

Parents spend their entire lives planning for their children’s future but, as goes the circle of life, there comes a point when that responsibility starts to shift.  As their parents age, many children take on the role of caretaker.  They do all the things that their parents once did for them: drive them to the […]

Sell Anywhere: Advisors Tell How They Kicked the Desk Habit By Going Mobile

InsuranceNewsNet Magazine, August 2012 Providence Financial featured in InsuranceNewsNet Magazine! To take a look at it click here to view the magazine!

Understanding the Difference between Mutual and Index Funds

One of the most important aspects of investing successfully is a diversified portfolio.  In doing so, you spread out your investments in a much healthier span in order to minimize risk and increase returns. One of the ways many people choose to diversify their portfolios is to invest in funds. Funds are not just one […]

How to Prevent Outliving Your Retirement Savings

It’s what every retirement planner speculates; it’s what every pre-retiree dreads; it’s every retiree’s nightmare: “will I outlive my retirement savings”?  This question sits on the minds of each and every person associated with the retirement process, and with good reason.  The U.S.’s current life expectancy is 78.3, up from around age 50 in the early […]

Basic Tips for Creating a Household Budget

Budgets are not attractive, fun or exciting in any way shape or form. They are, however, the necessary evil that can assist in getting you and your family’s spending and saving habits back on track.  It’s difficult to understand why more people don’t already adhere to a budget, considering the economic crisis and unemployment still looming above […]

Do You Have Enough Life Insurance?

Like most Americans, you probably have insurance on your home, your automobile, and even on your iPhone.  This is great, as should something happen to any one of these high-priced commodities, you’ll be taken care of.  However, when it comes to insuring one’s life, alarmingly Americans tend to be far more lax in their approach […]

Top Tips for Mistake-Free Investing

Have you ever found yourself watching MarketWatch, CNBC or CNN and feeling the need to immediately make an investment decision based on emotional or personality-driven thoughts or characteristics?  If yes, you’re not alone.  According to a recent global survey by Barclays Wealth, a large percentage of wealthy investors not only realize their tendency to make decisions […]

5 Reasons Why You Should Take Advantage of a 401(k)

When it comes to planning and saving for retirement, it’s not uncommon to feel overwhelmed by the mere thought of the notion.  While we all want to bask in the glory of a comfortable golden era, getting there does require an investment of time and, of course, money.  But the road to retirement is long […]

Baby Boomer Basics

There are over 77 million baby boomers in the United States currently, and they are primetime candidates for retirement.  But wait!  Most boomers will likely never see themselves in the same situation as their parents.  A large percentage of baby boomers are pushing back their retirement and continuing to work.  One of the culprits is their […]

When Should You Start Taking Social Security?

The time when you feel as though you’ve been working for as long as you can remember and are longing for the respite of the proverbial golden years is nigh. You know you’re eligible for Social Security (SS) benefits, and you’re thinking about when you should start taking the income you’ve worked so hard to […]

5 Basic Tips for Creating a Solid Retirement Plan

You know what the picture is supposed to look like: you spend your whole life on the job, working toward that magical retirement age when your golden years begin — that era when you’re rewarded for your life’s labors with the time and resources to pursue your passions, whether they be traveling, spending time with your grandchildren, or […]

Should You Put Your Kids’ Education ahead of Your Retirement?

If you’re like most parents, you want nothing more than to provide your children with a college education. Some have been saving since before their children were even born, but more often than not, a substantial number of parents find themselves in the uncomfortable position where their kids are fast-approaching college age, but they themselves […]

10 Kinds of Insurance You Don’t Need to Buy, Part II

In Part I of this article, we covered flight insurance, rental care insurance, extended warranties and even life insurance for children, establishing that none of these insurance policies was worth your while. In the final portion of this article, we’ll look at six more types of insurance coverage you can feel confident about skipping. Mortgage […]

10 Kinds of Insurance You Don’t Need to Buy, Part I

Without the ability to see into the future, we often turn to insurance to protect ourselves from the unforeseen. Since we can’t predict our own mortality, we buy life insurance to protect our families’ financial well being. We can never know if the person ahead of us on the road is going to slam on […]

Roth 401(k)s vs. Traditional 401(k)s

By now, most Americans understand that at the very least, they should be participating in their employer’s defined contribution plan, most commonly offered in the form of a 401(k). But some companies offer two forms of these plans: the traditional 401(k) and the Roth 401(k). You thought deciding how much to allocate to your plan […]

The Power of an Estate Plan

By Anthony A. Saccaro, ChFC: On December 5, 2011, my life changed forever when my father Leonard had a massive stroke. Within an hour, I was at the hospital. One of the first questions the nursing staff asked was, “Do you have an Advance Healthcare Directive?” Fortunately for our family, the answer was “Yes.” Although it […]

Senior Benefits is Now Providence Financial & Insurance Services, Inc.

West Valley News, Volume 7, Number 10, 2011 - December 2011 New name, new office and a thriving business despite bad economy WOODLAND HILLS—Senior Benefits, a financial and estate planning company specializing in conservative investment strategies for baby boomers and retirees, has changed its name to Providence Financial & Insurance Services, Inc. to better reflect its identity [...]

Risk vs. Reward

It’s no secret that greater reward (return) on your investments generally requires greater risk. On the near zero risk of the investment spectrum, which includes treasury bonds and bank accounts, the reward is very low, as exemplified in the current CD rates. On the more aggressive end of the investment spectrum, which includes stocks and […]

Last Chance for a 2010 IRA Contribution!

Where does the time go? With the first quarter of 2011 nearly in the history books and spring upon us, it’s a good time to review your financial affairs before entering the “la-la land” of summer. One important item that should be reviewed is your IRA and/or your Roth IRA. If you’ve recently realized you […]

The Top of the S&P 500 Rollercoaster?

Bring on the fireworks! As of this month, the Standard & Poor’s 500 has nearly doubled from its March 9, 2009 low of 683. The investing public is now in a euphoric state of mind where nothing seems to be daunting the stock market—not even turmoil abroad which would have likely caused the market to […]

Finally, the Estate Tax Dilemma Has Been Resolved

Here’s a familiar scene. At the beginning of last week, the estate tax dilemma still loomed unresolved. Sound familiar? It should since it was only a year ago that Congress passed a bill in a rush vote during the third week of December 2009 in hopes that the Senate would concur and new tax laws […]

How Does Quantitative Easing Work?

There has been a lot of talk the last week about quantitative easing and more specifically, Quantitative Easing 2 or QE2. But how does the QE process really work? I hope to answer that question in language that makes sense. One of the government’s responsibilities is to keep the economy stable and there are a […]

Special Tax Benefits for Roth IRA Conversions End in 2010!

If you are thinking about converting your IRA to a Roth IRA, don’t miss the opportunity to do it before the end of 2010. There is currently a provision in the tax code that allows IRA owners to convert some or all of their IRAs to a Roth IRA and get tax benefits that will […]

Unemployment: What the Government Doesn’t Tell You

One of the key indicators of the state of the economy is the number of individuals who are part of the work force, but who are currently unemployed. This number is crucial to the health of the economy because it is the employed who are capable of paying their bills and spending their dollars at […]

Financial Planner or Sales Rep?

Have you ever questioned the qualifications of your financial planner or advisor? Are they properly licensed and certified? What may initially seem like silly questions become quite important when you realize that an extremely high percentage of all so-called financial advisors are neither licensed to give financial advice nor certified to do so. How do […]

Annuities 101: The Basics

A 13.41% first year yield! That is what one indexed annuity is currently guaranteeing. Although this is one of the better annuities available, there are multiple types of annuities and you need to know some basics before investing in them. There are four types of annuities: immediate, variable, fixed and indexed. Here is an explanation […]

Stock Market Circuit Breakers

On Thursday, May 6, 2010, the Dow Jones Industrial Average had its worst intra-day drop in its 128 year history, dropping nearly 1000 points. Initially, there was a lot of finger pointing and speculation by the exchanges as to who was at fault. It was even rumored that someone had placed an errant trade to […]

Are You Relying on Your CPA Too Much?

It’s a well-known fact that the CPA (Certified Public Accountant) is the profession that is most respected when it comes to giving advice to wealthy and non-wealthy individuals alike. One of the best ways to maximize your retirement is to minimize the taxes you pay on your investment income. But could it be that many […]

Diversification—The Key To Protecting Your Retirement!

As a financial professional, one question that I often get asked is which direction I believe the market will go next. For the last six months, I’ve been believing (and still do) that the market will make a turn for the worse and even has potential for another severe correction. Although I felt this was […]

20 Reasons Why a Financial Review is a Smart Way to Start the New Year

Most people would agree that they should get a physical checkup every year just to make sure everything is medically okay. Everyone seems to know someone who was glad they did because they caught a life-threatening illness early enough to treat it. Most folks also know someone whose outcome would have been much better if […]

The Estate Tax Dillema Is Over! Oh Really?

The estate tax has been a major source of uncertainty during the last decade since Congress voted to repeal it in 2001 under George W. Bush. However, as Wall Street Journal reported, in lieu of dropping the decades-old tax altogether and costing the government $1.35 trillion dollars, Congress voted to phase-out this tax over the […]

60 Day Rollover Rule Extended to November 30, 2009!

If you have taken a distribution from your IRA or other qualified retirement plan for 2009 that you did not want, read this article before it’s too late! Most IRA owners are aware that the IRS waived the Required Minimum Distribution (RMD) for 2009 on December 23, 2008. If you did not know this, read […]

What Do You Mean My Bond Lost Value?

I recently met with several new clients who asked for my help after the bonds or bond funds they had purchased in the last few years had lost value. The question they asked is “why.” I will explain in this article why bonds can lose value. First of all, bonds offer two very important guarantees. […]

Recent Stock Market Rally!

What a rally we’ve had in the stock market this summer! For those of you who read my May 10, 2009 blog article, you know how I feel about what’s going to happen next. The market can’t continue to increase at this pace! The question is not whether a correction will occur, but when it […]

Savings Bonds

Savings bonds have been around for many decades and have continued to be a popular investment because of their safety. The most recent savings bonds are classified as E Bonds, EE Bonds, H Bonds, HH Bonds and I Bonds. This article will provide a brief overview of the characteristics of each of these types of […]

Estate Planning Documents: Trusts and Wills

The drafting of important estate planning documents may be the most critical aspect of the estate planning process to protect yourself and your estate from undesirable consequences. Yet it is also one of the items that people seem to procrastinate on the most. This article will identify and explain the purpose of some of the […]

Roth IRA Conversions

The Roth IRA became available in 1988 and, for the first time in history, allows someone to save for their retirement completely tax-free. This new development has been looked upon as the best thing the government has ever done for investors. But what if someone has already retired or is near retirement and has accumulated […]

Required Minimum Distributions Suspended for 2009

On December 23, 2008, Congress signed into law the “Worker, Retiree and Employee Recovery Act of 2008.” This law allows individuals who would normally be required to take a minimum distribution for the 2009 tax year to skip the distribution completely. This applies to individuals over 70-1/2 years of age and all beneficiaries. There are […]

Inherited IRA

One of the most common and costly financial mistakes occurs as a result of someone inheriting an IRA or other retirement account and not following the distribution rules. Many IRA beneficiaries don’t even know that there are rules that must be followed. Unfortunately, ignorance of the rules doesn’t reduce the drastic penalties that may occur […]

Required Minimum Distributions

For all individuals who have an IRA or other type of retirement plan, there comes the dreaded day when they turn 70-1/2 and need to begin taking their Required Minimum Distributions (RMD). They’ve invested prudently and deferred paying their taxes all these years, and now it’s payback time. You see, when their IRA was born, […]

IRA vs. Roth IRA—What’s the difference?

Whenever a conversation comes up about retirement accounts, the most common question I get is which is better, an IRA or a Roth IRA? Although the answer depends on your specific situation, my general opinion is that tax-tree (Roth IRA) is always better than taxable (IRA). The primary difference between an IRA and a Roth […]

Recent Stock Market Rally

As I’m sure most investors are aware, the stock market has rallied in the last eight weeks in an unequaled—and unsustainable fashion. Although it has been great for their portfolios (assuming some of their investments are still in the market), I hope investors don’t fall into the trap of complacency and think that it’s going […]