The Wall Street Sweeper with Russell Hackmann

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

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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.

Russ opens with his market update in talking about the volatility of fall.  He also discusses some words of wisdom from the Oracle of Omaha in his overall investment mindset, his number one rule in investing, and what he means when he says his mistakes have been of omission.  He looks at some things that are making retirees fearful that they may run out of money in retirement and offers solutions.  Hackmann Wealth Senior Vice-President also joins the podcast with another case study.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.