The Wall Street Sweeper with Russell Hackmann

In this episode, Russ Hackmann provides a market update and discusses the link between college basketball and financial planning. He also shares examples from the financial hall of shame and highlights life lessons from famous coaches. Additionally, Russ introduces a new asset allocation strategy and offers complimentary financial plans to listeners.  Hackmann Wealth Partners Senior Vice-President Clare Hare also joins in with a case study.

 You can reach Hackmann Wealth Partners by calling 617-674-2000.

Hackmann Wealth Partners

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The conversation starts with a discussion on interest rates and market surprises followed by the risk of an unpleasant surprise in the markets. The importance of risk management and the art of keeping money are also highlighted. Movie references to Wall Street and The Wolf of Wall Street are made, emphasizing the cautionary tales they portray. Russ then delves into taxes in retirement and the benefits of Roth accounts. The segment concludes with a discussion on contributing to Roth accounts. In this conversation, Russ discusses the benefits of Roth accounts and provides insights into contributing to and converting to Roth accounts. He also emphasizes the importance of tax reduction planning and offers a cautionary note on the market. Additionally, he shares strategies for managing financial worries and highlights the significance of long-term financial planning. Finally, he discusses investing safe money and the importance of having a turn off the TV plan.

You can reach Russ by calling 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

The conversation covers various topics related to retirement planning, market volatility, and investment advice. Russ discusses the importance of asset allocation and the potential risks of bond investments. He also addresses common mistakes in retirement planning and provides insights on finding the right financial advisor. The conversation emphasizes the need for a comprehensive financial plan that considers factors such as inflation, taxes, and long-term care.  Hackmann Wealth Vice-President Jack Young also offers a case study.

You can reach Russ at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ goes over some items will all need to be able to check off our list as we approach retirement.  They include having a written plan and inside of that having a spending plan, and knowing what your income sources will be.  Russ and Hackmann Wealth Senior Vice-President Clare Hare share case studies. 

You can reach Hackmann Wealth Partners at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

As football season winds down, Russ compares winning football strategies to winning financial and retirement strategies.  This includes good offensive and defensive moves to consider when you’re in that financial red zone which is five to ten years away from retirement.  Russ also gives his financial take on famous quotes from football legends.  Vice-President Jack Young shares a case study and Russ talks about that human connection between clients and the team at Hackmann Wealth Partners.

You can reach Hackmann Wealth Partners at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ offers comparisons between traditional and modern retirement in areas such as the demise of the private sector pension, longevity, and Social Security strategies.  He also talks about the potential positive aspects of adding principle protected growth alternatives.  Russ and Senior Vice-President Clare Hare also offer case studies.

You can reach Hackmann Wealth Partners at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

We all know the bucket list so what would go in the un-bucket list?  That would be things to avoid so you can have a successful retirement.  That’s the discussion  with Russ as he talks about knowing when you can retire so you don’t work longer than necessary, not being lonely and now having an unfulfilled retirement, and now squandering the early “go-go” years.  Russ discusses the jittery start to the markets for 2024 and how we should move forward.  Hackmann Wealth Vice-President also shares a case study.

Contact Hackmann Wealth Partners at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Still in the New Year the podcast devotes time to considering financial goals or resolutions, how to approach them, and how to stay on track.  These include everything from paying off debt to increasing your savings and more.

Russ also talks about considering “graduating” to a different kind of financial advisor and especially if you’re near retirement.  He also stresses the need to consider good estate planning.  Hackmann Wealth Senior Vice-President Clare Hare offers a case study.

You can reach Hackmann Wealth Partners by calling 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ opens with more conversation on the fourth quarter “Santa Clause” rally.  He also warns of things that could potentially sabotage your retirement.  Hackmann Wealth Senior Vice-President Clare Hare shares a case study.  We go back to 1974 and Russ looks ahead with financial New Year’s resolutions.

You can reach Russ and the team by calling 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ talks about the importance of having safe strategies while also keeping in mind the importance of separating income from growth.  He gives us his year-end state of the markets report and looks ahead to 2024 and takes us to four Christmas themed towns on a retirement road trip.

You can reach the Hackmann Wealth team by calling 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

You’ll hear clips from familiar movies and a sitcom with a holiday theme.  Russ takes these clips and shares retirement and financial lessons we can learn from them.  Russ and Hackmann Wealth Senior Vice-President Clare Hare share case studies as well.  Russ shows how holistic that financial relation can be with the team at Hackmann Wealth Partners.

You can reach Russ Hackmann at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

As we approach the end of the year, Russ covers some financial matters we should approach before the end of the calendar year.  He talks about RMDs, charitable donations, 401(k), Roth, and tax harvesting.  Russ and Vice-President Jack Young share a case study and we go back to the year 1980.

You can reach Russ Hackmann at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ welcomes artificial guest “Chatty P” powered by Chat GPT.  She answers financial and retirement questions and Russ follows up with his take on her answer.  Russ also comments on the considerations for those nearing retirement given our challenging economy.  He also features some statements from Campbell Harvey, professor of finance at Duke University and Jeremy Siegle, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business.  Hackmann Wealth Senior Vice-President Clare Hare also offers a case study.

You can reach Russ Hackmann by calling 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

The 2023 Mercer CFA Institute’s Global Pension Index recently rated retirement systems around the world.  The U.S. earned a C+.  Russ examines that and discusses steps to strongly consider in an effort to score an A+ in your retirement.  Russ and Hackmann Wealth Vice-President Jack Young share a case study.  Special features take us on a retirement road trip with a pizza theme and back in time to the year 1970.

You can reach Russ and the team at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ reminds us of the big six retirement risks we need to be aware of and fortify our portfolio against as we approach retirement.  Russ and Senior Vice-President Clare Hare offer some very relatable case studies.  Come along on a scary Retirement Road Trip and hear two funny money stories.  One involves a creative con and the other highlights a very honest man.  That and more in this podcast.

You can reach Russ Hackmann at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ opens and closes the podcast with a breakdown of the fall volatility we continue to experience and a look ahead.  He then looks at common fears shared by retirees and soon to be retirees.  Inflation, Social Security, market volatility, and the cost of health care are among the fears discussed.  Russ and Hackmann Wealth Vice-President Jack Young share a case study.  Our special features focus on a financial failure story involving Nicolas Cage and the year 1988.

You can reach Russ and the team at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ opens the podcast with a continued discussion on the fall volatility in the markets.  He also offers information on the different scam operations out there and tips to avoid them.  He dissects survey results from a Northwestern Mutual Planning and Progress study that shows Americans’ concerns about the economy and how much they would need to retire.  Hackmann Wealth Senior Vice-President Clare Hare gives a case study.  Our two vignettes feature the year 1950 and some examples that show just how much a trillion really is.

You can reach Russ Hackmann and the team by calling 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

We all assume things but some assumptions could be dangerous when approaching retirement.  Russ covers some of these.  The list includes assumptions on when you will retire, how long you will live, how much you will spend, and what you will face in taxes.  Russ also discusses a continued volatile fall market and, along with Hackman Vice-President Jack Young, offers a case study.

You can reach Hackmann Wealth Partners by calling 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Honoring Financial Literacy Month, the game is Financial Jeopardy covering retirement facts to make sure you’re not in financial jeopardy.  Categories include Important Retirement Ages, Penalties and Fees, Retirement Savings Vehicles, and Retirement Rules of Thumb.  Russ Hackmann and Clare Hare both share a case study and we go back to the year 1929 in a special feature.

You can reach Hackmann Wealth Partners by calling 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ cuts through misinformation in financial and retirement planning by declaring whether retirement statements are fact, fiction, or somewhere in between.  Do you need one million to retire?  Are diversification and asset allocation the same thing?  Can you live comfortably in retirement on 70 to 85 percent of your current income level?  Russ answers these questions.  Hackmann Wealth Partners Vice-President Jack Young joins the conversation with a case study.  Our special features focus on a twist on pizza delivery and a look back at the year 1960.

You can reach Russ Hackmann and the team at 617-674-2000.

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.