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Podcast: The Wall Street Sweeper with Russell Hackmann
Episode: Inflation and Interest Rates
Description: 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...