The Wall Street Sweeper with Russell Hackmann
Russell Hackmann and the team at the Wall Street Sweeper bring everything you need to know about retirement and income planning in a fast paced format. Each week, we reveal the latest developments in the financial world to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings. We are focused on helping investors preserve and grow their assets, increase their income, and reduce taxes. Russell F. Hackmann, CFA, is the president of Hackmann Wealth Partners. Russell has over 25 years’ experience advising individuals and institutions on wealth and risk management. Prior to founding Hackmann Wealth Partners, Russell served as president of Axio Group and Axio Insurance Services, a New York-based securities and insurance distribution company. In addition, Russell served as Global Head of Variable Annuity Reinsurance at Swiss Re and held various executive positions in the derivatives business of Lehman Brothers, Bank of America, and UBS. Russell earned a bachelor’s degree magna cum laude from the Georgetown University School of Foreign Service, an MBA with high honors from the University of Chicago Graduate School of Business, and also holds the Chartered Financial Analyst (CFA) designation. Hackmann Wealth Partners offers financial planning, portfolio risk review and asset management, legacy and estate planning, and insurance services throughout the United States. For more information, visit https://hackmannwealth.com/ or call (617) 299-7676.
Episodes
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.
See omnystud...
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.
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 Pennsylvani...
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 ...
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 617-6...
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 involv...
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...
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 61...
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 617-674-20...
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 c...
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-Presi...
Russ opens with his weekly market update. He dissects some statistics and survey showing Americans are taking longevity risk seriously but still many are dipping into their retirement funds early. Senior Vice-President Clare Hare joins with a case study and a celebrity success story on Colonel Sanders is featured.
You can reach Hackmann Wealth Partners at 617-674-2000.
See omnystudio.com/listener for p...
Russ takes extreme cases of celebrity financial mistakes and shows how we can learn from them. He also shares a case study of a couple who came to him with the typical 60/40 strategy and the solutions he suggested. Hackmann Senior Vice-President Clare Hare joins the discussion as well.
You can reach Russ Hackmann at 617-674-2000.
See omnystudio.com/listener for privacy information.
At the opening of football season, Russ discusses good offensive and defensive strategies to consider in retirement planning. He talks about going on the offense with income built in, building wealth, diversifying, and creating a budget. Defensive measures include bridging gaps, building an emergency fund, creating an estate plan, considering appropriate insurance, and looking at protective long term care strategies. Russ also t...
2024 marks an historic demographic event with the largest number of Americans ever reaching the age of 65. If you’re approaching retirement, what strategies should you consider implementing now? Russ covers that in this podcast. Russ and Senior Vice-President Clare Hare both share case studies.
You can reach Hackmann Wealth Partners at 617-674-2000.
See omnystudio.com/listener for privacy information.
Russ opens with his market update with reaction to the latest Fed interest rate hike and how some strategists are concerned about a downturn in the markets. He also demonstrates how his portfolio x-ray is the starting point in tackling the three layers of fees that may be dragging it down. Senior Vice-President Clare Hare joins with another case study.
You can reach Russ Hackmann and Clare Hare at 617-674-2000.
Russ takes the hot seat in answering retirement questions to see if he can win all the “show money.” Questions range from FRA for Social Security to Roth strategies and from contribution limits to tax considerations. Russ also offered his weekly market update cautioning to be vigilant about risk with the possibility still of a recession. Hackmann Wealth Partners’ Senior Vice-President Clare Hare joins with another case study.
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It’s amazing how you can tie iconic TV sitcom scenes to retirement planning. Russ does just that with Kramer giving himself a gold watch and pointing out that retirement falls more on us now. Fred Sanford gets a lesson on how Social Security benefits are calculated and Archie Bunker schools us on inflation. Russ and Senior Vice-President Clare Hare both share case studies on the podcast.
You can reach Russ and Clare by calling ...
How should falling inflation influence your retirement planning process. Russ covers that and stresses the need to insulate your portfolio. Senior Vice-President of Hackmann Wealth Partners Clare Hare shares a couple of case studies and Russ offers the reminder that with the changing economic client, now is a good time to get a second opinion.
You can reach Hackmann Wealth Partners by calling 617-674-2000.
Russ opens with his market update focusing on fragility in the markets and the Fed still talking about possible rate hikes. He then talks about the troubling trend of some retirees feeling like they may have to re-enter the workforce and offers solutions. We meet Senior Vice-President of Hackmann Wealth Partners Clare Hare. She and Russ both offer case studies in showing how red flags can be detected and remedied with solutions ...
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