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.

Hackmann Wealth Partners

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.
<a href="https://hackmannwealth.com">Hackmann Wealth Partners</a>

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.

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 <a href="https://hackmannwealth.com/">https://hackmannwealth.com/</a> or call (617) 299-7676.

Advertisement