Financial planning is crucial but can often feel overwhelming.

President of Providence Financial & Insurance Services Anthony Saccaro joins Wealth to share strategies for improving your financial planning.

Saccaro emphasizes the importance of developing a plan for your financial well-being, stating it's going to "dictate where you're going to go." He highlights two key benefits of having a financial plan: it gives you a clear target and direction and helps you stay calm when things don't go as expected.

He stresses that these benefits apply to all phases of life. "The biggest mistake I see people make is not being invested properly for the phase of life that they're in," Saccaro explains, stating that this issue generally affects older, retired individuals more than younger generations.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith