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.

In his weekly market update, Russ warns of lurking issues including the Fed fight against inflation and the possibility of taxes going up down the road.  He continues to stress the importance of factoring market risk, outliving your money, inflation, investments, taxes, and long-term care into your retirement planning.  Russ also shares a couple of cast studies.  One was about a couple he helped into retirement when their date for it came sooner than expected.  Another was on a couple who brought to the meeting some strategies that looked like red flags such as a lot of mutual funds, bond funds, and international funds.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.

Russ dives into the banking sector situation in his opening market update in explaining possible impacts and how it is complicating the Fed’s fight against inflation.  He shares how he worked with a couple who had received what he calls “the kitchen sink” experience from their big box firm.  He also explains how he addresses the big 6 retirement risks.

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

Hackmann Wealth Partners

See omnystudio.com/listener for privacy information.