Do you want to maximize your retirement years without worrying about finances?
Today, we are joined by Anthony Saccaro - a chartered financial consultant and estate planning attorney - who shares his experience helping retirees invest right for their stage of life. Anthony emphasizes investing for income and dividends rather than growth to avoid selling shares and running out of funds. He dives into why diversifying investments across asset classes, geographies, and operators is essential for downside protection and conservative underwriting. Anthony explores why Social Security is so important for American retirees and how millennials should plan ahead and invest in real estate. Listen and enjoy!
Anthony Saccaro, ChFC®, J.D., is the founder and president of Providence Financial and Insurance Services, a Registered Investment Advisory (RIA) firm. With more than 20 years of experience in the financial services industry, Saccaro provides investment and retirement strategies to pre-retirees and retirees by helping them efficiently plan and work toward achieving their financial goals for their later years.
[00:01 - 07:07] Opening Segment
• Retirement years can be stressful due to volatility in the economic climate and wrong investments
• The accumulation phase (putting money in) and distribution phase (taking money out)
• Invest for income, interest, and dividends instead of growth
[07:08 - 14:17] Investing for Growth and Tax Efficiency
• Investing for growth and not taking money from portfolio to get income
• How retirees often shrink their lifestyle to match their income
• A software used to uncover information such as future tax increases
• Investing for income vs. growth and social security strategies
[14:18 - 21:19] Don't Let What You Don't Know Hurt Your Retirement
• Stress testing portfolio to see how it would have done in the 2001 tech crash and 2008 financial crisis
• Anthony introduces his More Life Than Money book
[21:20 - 27:47] Maximizing Your Retirement Benefits
• How to determine the best way to take Social Security for an individual
• Millennials should not count on Social Security, but it will be there
• The worst-case scenario is a 21% reduction in 2034 if no changes are made
[27:48 - 30:48] Closing Segment
• Why real estate is the best investment for a 20 or 30-year-old
Connect with Anthony:
Website: More Life than Money
Key Quotes:
"Instead of shrinking your retirement dreams to match your income, you should increase your income to match your dreams." - Anthony Saccaro
“If your future plans depend on what your investments do or depend on what the stock market does or what the economy does, you're invested wrong.” - Anthony Saccaro
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Or send me an email at sujata@luxe-cap.com
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