After months of cascading news about the financial crisis, many of you are asking, “What Do I Do Now?” Consuelo Mack anchor of public television’s Consuelo Mack WealthTrack, hosts a half-hour Q&A with financial advisors Jonathan Clements from myFi Citigroup and Mae Watson Grote from The Financial Clinic, providing New Yorkers with the advice they need to survive in this economy.
See our list of resources included in the show.

See our list of resources included in the show and many more.

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As the economy unravels, unemployment soars, and the market swings wildly, everyone is asking “What Do I Do Now? ” – from the out-of-work Wall Street trader to the pizza guy in Queens…from the car dealership owner in Staten Island to the 64 year old retiree who has to start working again. News is happening so fast that even the financially savvy are bewildered. Are mortgages still available? Can you sell your home if you have to? What happens when your unemployment insurance runs out? What’s the best strategy when you’ve suddenly been downsized out of a job? Where to turn for guidance? WHAT DO I DO NOW?!

See our list of places and resources in the New York/New Jersey area that can provide practical help.

BIOS

Consuelo Mack
Consuelo Mack has a long and distinguished career in business journalism. She is the Anchor and Managing Editor of Consuelo Mack WealthTrack, a weekly half-hour program on public television devoted to helping Americans build and protect their wealth over the long-term. Now in its fourth season, Consuelo Mack WealthTrack has been dubbed the “Cramer Antidote” by the press and Money Magazine has just named Mack “The Best Money TV Host.” WealthTrack is the only program on television devoted to long-term diversified investing in all of the investments people care about: stocks, bonds, real estate, insurance, art and collectibles.

WealthTrack has scored a series of television exclusives including Wall Street’s number one ranked economist Ed Hyman, financial risk expert Peter Bernstein and Legg Mason’s legendary fund manager Bill Miller. WealthTrack which started on a handful of stations is now seen in 95 markets, on more than 200 channels in nearly 70% of the country including New York on WLIW, channel 21 on Friday evenings at 7:30 pm and Saturday mornings at 8:00 am on Thirteen.

Jonathan Clements is director of financial guidance for myFi, short for “my financial life,” a new financial service from banking giant Citigroup. Before joining myFi, he spent 18 years at The Wall Street Journal, where he was the newspaper’s award-winning personal-finance columnist. Jonathan’s new book, ‘The Little Book of Main Street Money: 21 Simple Truths That Help Real People Make Real Money,’ will be published in mid-2009.

myFi from Smith Barney, short for “My Financial Life,” is a financial service from Citigroup. It offers investment advisory, trading and account-aggregation services, telephone and in-person help from Citi Smith Barney advisors. myFi helps people make sense of and then improve their financial lives and investments.
contact: 1-877-357-2354

Mae Watson Grote is the founder and Executive Director of The Financial Clinic. Ms. Grote has led a number of diverse initiatives for organizations such as the Legal Aid Society, FoodChange, and now, The Financial Clinic. As the Clinic’s founding Executive Director, Ms. Grote created one of the nation’s first nonprofit financial development organizations that in only a few years accumulated over $325,000 in new savings. Prior to the Clinic, Ms. Grote was a senior labor market policy analyst with Public/Private Ventures, a national nonprofit research and policy organization. She has extensive experience in work supports and low-wage, low-skilled workers’ self-sufficiency issues. Among her publications, ‘Unrealized Gains: How Workforce Development Organizations Can Put Money In the Pocket of Low-Wage Workers’ examines how nonprofit organizations address their constituents’ economic security within the fabric of their preexisting services.

The Financial Clinic, a nonprofit financial development organization, helps working poor families caught in the wage gap – those “too rich” for public assistance but “too poor” to be self-sufficient – achieve financial stability by providing legal support and financial counseling. The Clinic provides legal and advocacy services, financial coaching, budge management, tax advice and preparation, and resources to community-based financial products and services.