FYI:
Regards,
Ted
July 25, 2019
Dear WEALTHTRACK Subscriber,
This summer weekend we are revisiting a popular program about the challenge facing most of us!
Nobel Prize winning behavioral economist Richard Thaler recently called the drawing down of money in retirement “way harder” than the saving phase because of the uncertainty of how long we will live. He is proposing adding 401(k) funds to social security to increase monthly payouts.
This week’s guest, Mark Cortazzo, wholeheartedly agrees with Thaler about the difficulty of the spend down phase and says another largely unrecognized danger is portfolio volatility, which can mean the difference between solvency and insolvency at the end of life. He has the research to prove it.
Cortazzo is a Certified Financial Planner, Founder and Senior Partner of Macro Consulting Group, an independent wealth management firm established in 1992. Forbes recognized Cortazzo as one of America’s Top Wealth Advisors and he has been named a Barron’s Top Advisor for nine consecutive years, among many other recognitions. He is also a WEALTHTRACK regular.
Cortazzo has done a number of studies showing how the accumulation phase of investing assets for retirement if done regularly and systematically over many years can make just about anyone feel like a genius. However, once the withdrawals begin, what the pros call the decumulation phase, it’s a whole different ball game. What worked so well in building up a nest egg can be a disaster when taking it apart.
He will walk us through strategies to help us successfully navigate the decumulation phase, especially in periods of market volatility.
New on WEALTHTRACK’S website this week, we continue our special series: Next Generation Investors. This week we are featuring a podcast with Samantha McLemore, who co-manages the Miller Opportunity Trust Fund with legendary investor Bill Miller.
You’ll also find an EXTRA interview with Mark Cortazzo about the benefits of mentoring employees and how it helps everyone else in his firm, including clients.
If you are on your summer vacation, it’s easy to take WEALTHTRACK with you! The WEALTHTRACK podcast is available on TuneIn, Stitcher, and SoundCloud as well as iTunes and Spotify.
As always, thank you for watching and make the week ahead a profitable and a productive one.
Best regards,
Consuelo
Mark Cortazzo:
https://wealthtrack.com/avoiding-disastrous-mistakes-the-danger-of-portfolio-volatility-in-retirement/#more-20054Samantha McLemore:
https://wealthtrack.com/market-beating-value-investors-the-next-generation/ 
