Chartered Financial Analyst, Russell Hackmann is the “The Wall Street Sweeper.” Russ, a Magna Cum Laude graduate of Georgetown University with an MBA in Finance from the University of Chicago, has over 25 years’ experience advising individuals and institutions on wealth and risk management. Prior to founding Hackmann Wealth Partners, Russell served as an executive at several major Wall Street firms. Now, he’s sharing his wealth of knowledge with WRKO and WBZ listeners to help you find ways to cut through the clutter of Wall Street and get a clearer path towards your retirement and financial future. Learn how to lower risk, minimize taxes, and maximize retirement income by listening to The Wall Street Sweeper, Saturdays at 10:30AM and Sundays at 9AM on WRKO-AM 680 and 10AM on Sundays on WBZ NewsRadio. You can also connect anytime at www.hackmannwealth.com.
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(203) 698-5561The Financial Long View
Inflation and Interest Rates
The conversation covers various including market turbulence, estate planning, the transfer of wealth, inflation, interest rates, and listener questions. In this conversation, Russ Hackmann discusses the importance of asset allocation and risk management in retirement planning. He advises that individuals within 10 years of retirement should have less than half of their money in risky assets, unless they have well over five million dollars. Hackmann emphasizes that market downturns are inevitable and can result in significant losses, especially for those with a high percentage of their portfolio in stocks. He also warns against investing in bond funds, as they can experience significant losses and may not recover. Instead, he recommends a diversified asset allocation strategy that includes safe assets like T-bills and CDs, as well as principal protected growth or income products. Hackmann Wealth Partners Vice-President Jack Young joins in with a case study.
Reach Russ at 617-674-2000.
See omnystudio.com/listener for privacy information.
Knowing Your Financial Direction
Russ talks about the challenges of managing finances in volatile markets and the importance of having a clear financial plan. Russ shares a story about a football player who consulted his financial advisor before making a car purchase. The conversation ends with a segment called 'The World's Worst Financial Advisor,' highlighting the importance of providing meaningful and personalized financial advice. In this conversation, Russ discusses the potential downsides of relying on fancy reports and the importance of personalized information.
Reach Russ at 617-674-2000.
See omnystudio.com/listener for privacy information.
Retirement Par “Fore” the Course
The conversation revolves around the topics of the financial markets, inflation, the national debt, retirement planning, and the changing investment landscape. Russ discusses the unpredictability of the Federal Reserve's decisions and the impact on interest rates and bond funds. Russ uses golf-themed movie clips to illustrate various lessons in retirement planning. He highlights the need for a well-thought-out strategy and the importance of understanding the rules of the financial universe. The conversation concludes with a discussion on the warnings from financial leaders about the growing national debt and its implications for current and future retirees. In this conversation, Russ Hackman discusses the alarming national debt and the potential impact of inflation on retirement planning. He emphasizes the need for a plan that accounts for higher inflation rates and the possibility of economic and market shocks.
Reach Hackmann Wealth Partners at 617-674-2000.
See omnystudio.com/listener for privacy information.
Beware of Bad Financial Advice
In this episode of the Wall Street Sweeper, host Russ Hackmann discusses the prevalence of bad financial advice on social media and the importance of cutting through the noise. He provides market analysis, highlighting the tug-of-war between inflation and wishful thinking on the Fed's part. Russ emphasizes the significance of asset allocation and risk management in financial planning, as well as the importance of long-term tax planning. He debunks the notion that 401(k)s are a scam and addresses the benefits of having a mortgage in retirement. Russ also addresses questionable financial advice from a game show and a viral TikTok video about secret bank accounts at the Federal Reserve. In this episode, Russ Hackman discusses the top problems in portfolios and emphasizes the importance of having a plan for retirement. Russ shares a success story of helping a client retire and celebrates the importance of a comprehensive financial plan. Hackmann Wealth Partners Vice-President Jack Young joins in with a case study.
Reach Russ Hackmann at 617-674-2000.
See omnystudio.com/listener for privacy information.
The Financial Commandments
In this episode of The Wall Street Sweeper, host Russ Hackman discusses the current state of the markets and the impact of inflation. He then introduces the 10 commandments of financial planning, covering topics such as avoiding gambling, seeking advice from trusted sources, and doing due diligence. Russ emphasizes the power of compounding returns and the importance of avoiding big losses. Hackmann Wealth Senior Vice-President Clare Hare joins in with a case study.
Reach Russ at 617-674-2000.
See omnystudio.com/listener for privacy information.
Your Financial Checklist
The conversation covers various topics including market updates on inflation and the bond market, tech stocks and Bitcoin. Russ also covers proposed legislation on Social Security. In this conversation, Russ Hackmann, president of Hackman Wealth Partners, answers questions about retirement planning, Social Security, retirement minimum distributions (RMDs), Roth conversions, annuities, and the importance of communication with financial advisors. He also discusses common financial issues and themes and provides an annual financial checklist. Hackmann Wealth Partners Vice-President Jack Young joins the podcast with another case study.
You can reach Russ and the team by calling 617-674-2000.
See omnystudio.com/listener for privacy information.
Financial Tournament Time
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.
See omnystudio.com/listener for privacy information.
Taxes In Retirement
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.
See omnystudio.com/listener for privacy information.
Russ Counters Bad Financial Advice
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.
See omnystudio.com/listener for privacy information.