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.
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.