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