Russell Hackmann is the president of Hackmann Wealth Partners, with over 25 years’ experience advising individuals and institutions on wealth and risk management. In addition to his weekly radio show heard in Connecticut, his podcast is designed to address today's headlines and sweep away Wall Street's confusing clutter and lingo.
Ep 122: 1/3 IS Bigger Than 1/4… In Case You Didn’t Know
A fast-food chain is bringing a misunderstood burger OUT of retirement and reminding us that we’re not so great at math along the way. And if you inherit a traditional IRA, you have 10 years to withdraw all the money, but should you take out a little each year or take it all in one lump sum? Need some help “doing the math” on your savings? Connect at HackmannWealth.com.
Ep 121: Your College Kid Wants More Cash
Yes, you’re aware of the current inflation effects, but your college kid may be confused as to why his spending money seems to be less than before. Russ candors over different age group’s perspectives while offering ideas on how to better protect your buying power. Plus, the next time you log in to your retirement account, imagine the number at the bottom is quite a bit smaller than the one you’re seeing. Connect at HackmannWealth.com.
Ep 120: The V.I.Q.’s For Your R.I.A.
After decades spent working to build your nest egg, it’s a big leap-of-faith trusting someone to help you manage it. Russ talks about some of the “very important questions” you should ask before deciding on a financial advisor. Plus, the number of people who have a will is declining, but your need for an estate plan is not. Visit www.HackmannWealth.com.
Ep 119: Could Another Black Monday Come?
Many remember Oct 19th, 1987, but between 1929 - 2020, there’s actually been 4 “Black Mondays” in American financial history. If predictions of a major market correction come true, will your retirement plan be ready? Plus, as more adults shoulder the burden of healthcare and financial support of aging parents, we’re reminded of the importance in having a proper long term care plan within our overall plan. Learn about planning for your future needs. Visit www.HackmannWealth.com.
Ep 118: The IRS Wants To Monitor Your Checking Account
The IRS is looking to monitor all checking accounts with a balance of at least $600. The goal is to detect those trying to hide income, and then tax that money. As Uncle Sam continues to look for any way to get every cent, Russ uses this example to emphasize the importance of a proper retirement tax strategy. And there may be a return of this ugly economic term from the 70’s. Worried about “stagflation” effects on your money? Visit www.HackmannWealth.com.
Ep 117: How Taxes Can Threaten Your Investments
As we head into the year’s fourth quarter, we hope the markets keep holding up, but rising taxes may be a threat on your investments. Russ explains why this might be. Plus, few Americans plan to work well into their 60s. While retiring early is great for those who can pull it off, you need to avoid these potential pitfalls. Learn more at www.HackmannWealth.com.