Soon-to-be retirees and retirees are the most vulnerable in this new era of higher inflation, interest rates, volatile markets, and possible recession. What kinds of adjustments should they be making in their financial plans, investments, and even lifestyles?
That demographic is one of the specialties of this week’s guest, an award-winning financial planner. He is Mark Cortazzo, Senior Vice President and Financial Advisor with the Wealth Enhancement Group, an independent financial planning firm.
Cortazzo has received numerous awards and accolades during his 30-year investment advisor career. We are delighted that he has been a frequent WEALTHTRACK guest since our 2005 inception.
Over that time, we have discussed preparing for the increasing incidents of “black swan” events like the global financial crisis, pandemics, lockdowns, and wars. We’ve talked about alternative income strategies, transferring equity risk, and how timing can dramatically change retirement outcomes. We will cover those topics and more in this week’s interview.
WEALTHTRACK Episode #1904 broadcast on July 22, 2022
Listen to the audio-only version here:
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- Senior Vice President & Financial Advisor,
- Wealth Enhancement Group
AUTOMATE AS MANY INVESTMENT DECISIONS AS YOU CAN
The Discipline of Saving, Investing, Rebalancing Occurs Regularly & on Schedule
- Payroll deductions into 401(k) & other retirement accounts
- Triple tax-exempt health savings accounts
- Target date funds make investment & asset allocation decisions
- Contribution plans for 529 college savings plans
- Index funds offer one-stop portfolio diversification
MARKET RISK BUFFER
Buy Innovator U.S. Equity Power Buffer ETF (PJUN)
Mark Cortazzo from the WEALTHTRACK archives:
Award-winning investment advisor and amateur pole vaulting champion Mark Cortazzo made a major professional leap in 2021. After running his own wealth management firm, MACRO Consulting, for 30 years, he decided to merge with another much larger firm, the Wealth Enhancement Group. We asked him about that decision.