FINANCIAL SURVIVAL THROUGH AN UNFORESEEN CRISIS WITH TOP FINANCIAL PLANNER MARK CORTAZZO

October 23, 2020

We are going to be talking to an award-winning financial planner about crisis management. COVID-19 reminded us that life-changing “Black Swan” events don’t just happen once in a century. They are an ongoing reality.

In the last twenty years, we have lived through 9/11, the global financial crisis, and now a global pandemic with the unintended consequence of rolling economic lockdowns.

On an investment level, all of these events have delivered a sharp hit to financial markets from which they have recovered. Such is the resilience and strength of the U.S. capital markets and the underlying economy.

But on a personal finance level, the impact of these events can be much more damaging and long-lasting, particularly for individuals nearing retirement or in it,
which is why we asked this week’s guest to join us. Clients in those vulnerable years are his focus.

Our guest this week is Mark Cortazzo, a certified financial planner, Founder and Senior Partner of MACRO Consulting Group an independent wealth management firm.

We asked Cortazzo to walk us through the conversations he has been having with clients about preparing for these “Black Swan” events.

WEALTHTRACK Episode #1717; Originally Broadcast on October 23, 2020

Listen to the audio only version here:

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MARK CORTAZZO

ADD SOME BOND ALTERNATIVES TO YOUR PORTFOLIO

  • Interest rates at historic lows
  • Federal Reserve intends to keep rates low for the foreseeable future

POSSIBLE ALTERNATIVE INCOME SOURCES:

  • Immediate and deferred income annuities
  • Structured notes
  • Dividend-paying stocks
  • Maximizing social security benefits

No Bookshelf titles this week.

INEXPENSIVE DIVERSIFIERS

Buy U.S. large cap value ETFs

Morningstar’s gold-rated value ETFs iShares Core S&P U.S. Value ETF (IUSV) IUSV Chart

IUSV data by YCharts

Vanguard Mega Cap Value ETF (MGV) MGV Chart

MGV data by YCharts

No stock mentions in this episode.

Mark Cortazzo from the WEALTHTRACK Archives:

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PANDEMIC EXPERIENCE BENEFITS

The pandemic induced isolation has had some unexpected benefits for top rated financial planner Mark Cortazzo.


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