Retirement Advisor: Mark Mappa Maintains 'Cash Flow Is King' (Podcast)
Dec. 12, 2019 7:15 AM ET4 Likes
SA For FAs
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Summary
- Mark Mappa of Mappa Wealth Management in Glenview, Ill., is a financial advisor and author of a new book called “Cash Flow is King”.
- In this interview, he explains why investors can’t spend a rate of return and must look to cash flow to manage their retirement income.
- He emphasizes the difference between saving and investing, and clarifies a number of popular investment misconceptions, such as the assumption that taxes will be lower in retirement.
- Mappa also explains why and how he makes use of annuities in client portfolios.
- Finally, Mappa advises ordinary investors to think like the wealthy.
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Mark Mappa of Mappa Wealth Management in Glenview, Ill., is a financial advisor and author of a new book called "Cash Flow is King."
In this podcast (21:00), Mappa makes a forceful distinction between clients with millions of dollars, but not enough to retire, and clients with just hundreds of thousands of dollars who will be quite comfortable.
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6.07K Followers
GIL WEINREICH - Author of "The Mentor," a unique parable for financial advisors and those who aspire to become one. I have worked in the FA arena since 1997, and during that time, the New York State Society of CPAs twice awarded its prestigious Excellence in Financial Journalism award to me for a monthly column I wrote on business ethics. Previously, I reported on international news for Voice of America (where I was awarded a newsroom writing award) and prior to that worked as an editorial assistant at U.S. News and World Report. I live with my wife and children amidst the verdant and vibrant hills and dales of Jerusalem.