The Wall Street Sweeper with Russell Hackmann

Russ continues to stress the need for a portfolio overhaul in this new financial world.  He discusses strategies that should be reconsidered given the changes and talks about taking the panic out of retirement and moving into safer strategies.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

It’s back to financial college with Russ Hackmann as our professor going over the soup to nuts of a good portfolio and a good financial plan.  Russ discusses the biggest lurking problems he sees in the financial universe and how to combat them.  He also talks about what strategies to implement in starting from scratch and creating a good plan.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ talks about reasons some retirees are considering going back to work.  Inflation is the main catalyst in this along with rising interest rates.  He also discusses the next three years and why they are so critical in tax planning and shares a case study in which he helped a couple establish multiple streams of cash flow in retirement.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

The theme of this podcast is the critical need to lower you risk and build dependable cash flow in your retirement plan.  Russ continues with this theme in a case study he shares.  He also talks about how “modern families” with second or more marriages could approach financial planning.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ opens with his market update and his take on the debt ceiling showdown and potential default.  He notes confidence could be falling to 2008 levels and offers suggestions on restoring confidence in areas such as inflation, volatility, and even Social Security uncertainty.  Russ offers suggestions on areas couples need to find common ground in retirement planning and then offers a case study of a couple with red flags in the areas of risk and high fees.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ cites results of a 2023 EBRI Employee Benefit Research Institute results on concerns of pre-retirees and retirees in their comfort level on reaching retirement and living comfortably in retirement.  He then discusses the advantages to consider when looking at the Roth IRA option.  In a case study, Russ breaks down red flags he discovered in a couples’ strategies including high fees and too much risk.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

In his opening market update, Russ discusses the most recent bank faurure, the path of fed policy, and what this all means for you.  He shares the assets that he is currently using in clients’ portfolios and shares two case studies.  With one couple, he looked over their portfolio of mutual funds and replaced with U.S. based S&P and dividend paying stocks.  He detailed his proposed solution for another couple that involved building in safe growth, increased yield on cash, cash flow, and a good Social Security Strategy.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ spends a lot of time in this podcast analyzing the continued challenges in the banking sector and opens specifically with possible trouble brewing with First Republic.  He discusses whether it is possible for other domionos to fall, the safety of our money, and what it could mean for our economy and markets.  He also shares two case studies.  One involved a couple who turned to Russ for more conservative strategies in their portfolio and the other couple was ready to retire but needed a personal pension.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ opens with his market update mentioning positive activity on the Nasdaq, S&P, and Dow.  He talks about the importance of building dependable income in retirement in discussing strategies involving withdrawal, laddering, dividends, and the tools to build personal pension like income.  Russ cites two case studies involving one couple who felt too many people were involved in their financial life and another couple looking for safer strategies with the husband’s savings that had dropped below one million.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ introduces a new theme to the podcast and that it how he helps his clients reach quantitative goals of further raising returns by one percent annually and reducing losses by twenty-five to seventy-five percent in the metaphorical Cat 5 storms of the economy.  He demonstrates how he worked with a couple of achieving those goals.  He also analyzes some of the top financial internet searches made by people before they visit with a financial advisor.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.