Afleveringen
-
Our guests on the podcast today are Cody Garrett and Sean Mullaney. They’re both advice-only financial planners, and they’re the co-authors of a new book called Tax Planning To and Through Early Retirement. Cody is a certified financial planner and the founder of Measure Twice Money, where he helps DIY investors make informed decisions aligned with their values. He also leads Measure Twice Planners, which is an educational community for financial planners. Sean Mullaney is a certified public accountant and head of Mullaney Financial & Tax. He also writes the blog, TheFITaxGuy.com, which is focused on the intersection between financial independence and taxes.
Episode Highlights00:00:00 Introduction
00:01:27 Defining Early Retirement, the 4% Rule, and Withdrawal Strategies
00:11:03 Fear-Based Tax Narratives and Retirement Calculators
00:15:10 Rethinking Future Tax Rate Assumptions
00:23:14 Retirement Savings Tax Trade-Offs
00:30:08 Taxable Accounts in Early Retirement
00:32:29 Backdoor Roth IRAs, Asset Allocation, and Sequence Risk
00:44:03 RMDs, Roth Conversions, and Retirement Planning Tools
More From MorningstarBill Bengen: ‘Inflation Is the Greatest Enemy of Retirees’
A Tax-Smart Plan for In-Retirement Withdrawals in 3 Steps
Morningstar’s Tax-Planning and IRA Resources for 2026
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Today on the podcast, we’re delighted to welcome back Jeremy Grantham to discuss his book, The Making of a Permabear: The Perils of Long-term Investing in a Short-term World, which he co-authored with Edward Chancellor. Jeremy is the long-term investment strategist at his namesake firm, Grantham, Mayo, Van Otterloo & Company, or GMO, which he co-founded in 1977. He serves on GMO’s asset-allocation committee and board of directors. Prior to GMO, Jeremy was co-founder of Batterymarch Financial Management and, before that, was an economist at Royal Dutch Shell. He earned his undergraduate degree from the University of Sheffield and his MBA from Harvard University. Jeremy is a member of the Academy of Arts and Sciences, holds a CBE from the UK, and is a recipient of the Carnegie Medal of Philanthropy. In 1997, he and his family started the Grantham Foundation for the protection of the environment, which supports research and action to address climate change.
Episode Highlights00:00:00 Writing Permabear With Edward Chancellor
00:06:44 Value Investing and Identifying Market Bubbles
00:15:07 Current Market Outlook and Valuation Risks
00:20:28 Value Discipline, SpaceX’s IPO, and Past Market Bubbles
00:27:26 Speculative Trading, Indexing, and Zero‑Sum Markets
00:34:24 Market Inefficiencies, Small-Cap Stocks, and the Greater Fool Theory
00:43:27 Artificial Intelligence Hype, Attractive Assets, and Market Pessimism
00:47:02 Climate Risks, Resource Constraints, and Shrinking Populations
More From Morningstar3 Warnings for Investors From the Ultimate Contrarian
Ben Carlson: Exploring Risk and Reward
What Today’s Index ETFs Get Right, and Wrong, for Investors
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Zijn er afleveringen die ontbreken?
-
We’re taping this podcast live at the Morningstar Investment Conference, where we’re delighted to be joined by Fidelity’s Will Danoff. Will runs a number of Fidelity equity strategies, the best known of which is Fidelity Contrafund FCNTX, a mutual fund he’s been managing since September 1990. Morningstar named Will its Domestic-Stock Manager of the Year in 2007. Prior to becoming a portfolio manager, Will served as a retail analyst at Fidelity and assistant portfolio manager at Fidelity Magellan FMAGX. He graduated from Harvard University and earned his MBA at the Wharton School of the University of Pennsylvania. Will, welcome back to The Long View.
Episode Highlights00:00:00 Introduction
00:00:56 Investing Origins and Early Influences
00:00:53 Retail Analysis and Unit Economics
00:10:29 Reg FD Changes and Adapting Research Processes
00:15:00 Identifying Durable Competitive Advantages
00:19:24 SpaceX and Buying Private Companies
00:22:40 Investing Mistakes and Avoiding Unprofitable Companies
More From Morningstar2026 Morningstar Investment Conference: From SpaceX to Safeguarding Retirement
Here’s Fidelity Contrafund’s Will Danoff’s Secret Sauce
As Legendary Manager Will Danoff Leaves Fidelity, Should Investors Follow Him Out the Door?
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Today’s guests are Morningstar’s Brian Moriarty and Jack Shannon. Brian is a principal, fixed-income strategies, for Morningstar. Before assuming his current role in 2015, Brian was a client solutions consultant for Morningstar Office, a practice and portfolio management system for independent financial advisors. Before joining Morningstar in 2013, he was a research assistant for DePaul University’s religious studies department. Brian holds a bachelor’s degree in political science from Michigan State University and a bachelor’s degree in Islamic world studies from DePaul University.
Jack Shannon is a principal, equity strategies, for Morningstar. He focuses on actively managed equity strategies and is the lead analyst for MFS and Artisan Partners, among other firms. Before joining Morningstar in 2020, Jack worked in commercial banking and was a consultant providing subject-matter expertise on complex financial litigation. Jack holds a bachelor’s degree in economics and history from James Madison University. He also holds a master’s of business administration in investments and corporate finance from the University of Notre Dame’s Mendoza College of Business.
Episode Highlights00:00:00 Introduction
00:02:06 What are Private Markets, and What Investment Opportunities Do They Provide?
00:03:13 Do Semiliquid Funds Provide Easier Access to Private Markets?
00:05:57 Applying Morningstar Processes to Evaluate Private Markets
00:09:50 Managing Liquidity in Private Market Investments
00:18:48 Valuation and Transparency: Putting Private Assets Under the Microscope
00:24:07 Payment in Kind as a Valuation Concern
00:28:02 Public vs. Private Markets: Understanding Risk, Language, and Infrastructure Differences
00:39:28 Building Methodology to Explain Private Asset Fees and Incentive Structures
00:44:22 What Morningstar Medalist Ratings Signal for Semiliquid Funds
More From MorningstarMorningstar’s Guide to Public/Private Investing
Private Equity Funds Step Into the Spotlight
Private Credit Pricing: Are Prosecutors Opening Up Pandora’s Box?
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is Kathleen Rehl. Kathleen is an author, educator, speaker, and certified financial planner dedicated to empowering widows financially and guiding the professionals who support them. She operated her own planning firm for 18 years before shifting her focus to writing, teaching, and research. After her husband died, she transformed her personal grief into a mission, helping others navigate widowhood, legacy planning, and purposeful aging. She is the author of Moving Forward on Your Own: A Financial Guidebook for Widows.
Episode Highlights00:00:00 Introduction
00:02:17 Learning Widowhood From the Inside
00:04:13 Decision-Making Without a Spouse
00:05:16 Early Irreversible Choices For Widows
00:08:39 Stress-Testing Life Without a Spouse
00:16:03 Why Widows Leave Advisors
00:18:53 Slowing Down Decisions to Prevent Emotional and Financial Harm
00:25:55 Continuing Care Retirement Communities
00:30:38 “Refirement” vs. Retirement and Building a Legacy
More From MorningstarHarry Margolis: How to Confront Aging Challenges Head-On
How to Tackle Estate Planning Basics in 7 Steps
3 Tricky Decisions for Every Retirement Plan
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is Don Phillips. Don is a managing director for Morningstar. He joined the company in 1986 as its first mutual fund analyst and soon became editor of the flagship print publication Morningstar Mutual Funds, establishing the editorial voice for which the company is best known. He helped to develop the Morningstar Style Box, the Morningstar Rating, and other distinctive proprietary Morningstar innovations that have become industry standards. Don has served in a variety of leadership roles at Morningstar, most recently head of global research, before paring back his schedule to take on a part-time nonmanagement role. He holds a bachelor’s degree from the University of Texas and a master’s degree from the University of Chicago.
Episode Highlights00:00:00 Introduction
00:01:57 Viewing Investing From 100,000 Feet Up
00:08:20 The Role of the Manager, From Salesmanship to Stewardship
00:11:18 What Indexing and AI Make Easier—and What They Risk
00:17:50 Private Credit and Private Equity Risks for Retail Investors
00:28:01 Finding the Unmet Needs in Asset Management
00:35:47 Fixed-Income Funds as the Industry’s Achilles’ Heel
00:43:42 The Value of a Liberal Arts Education and the Power of Storytelling
More From MorningstarMorningstar’s Why
Don Phillips: We’re All in the Behavior Modification Business
Private Equity Funds Step Into the Spotlight
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is Adam Grossman. Adam’s the founder of Mayport, a fixed-fee wealth management firm. He’s also a regular contributor to Humble Dollar, the website founded by late financial writer Jonathan Clements. Before founding Mayport, Adam worked as an investment advisor or analyst at several firms, including Middleton & Company, Ballentine Partners, and MFS Investment Management. He also founded About Face Software, a social networking software firm. Adam received his undergraduate degree from Williams College and his MBA from MIT Sloan School of Management, and he’s also a CFA charterholder.
Episode Highlights00:00:00 Introduction
00:01:16 Writing for Humble Dollar and Jonathan Clements
00:05:15 How Flat‑Fee Advice Beats AUM Pricing
00:10:29 Helping Investors Stay Calm in Market Stress
00:17:30 Simple Stock/Bond Portfolios Still Work
00:22:58 How to Protect Your Portfolio Before Retirement
00:27:20 Social Security Timing: Math Versus Emotions
00:34:19 How AI Is Changing Financial Advice
More From The Long ViewBill Bengen: ‘Inflation Is the Greatest Enemy of Retirees’
Jim O’Shaughnessy: Investing Lessons From a Lifelong Learner
Harry Margolis: How to Confront Aging Challenges Head-On
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Listen Now: Listen and subscribe to Morningstar’s The Long View from your mobile device: Apple Podcasts | Spotify
Our guest on the podcast today is William Bengen. Bill has been a prolific researcher of retirement planning matters over his career, and he pioneered the exploration of safe withdrawal rates with his groundbreaking 1994 research that gave birth to what’s now called the 4% rule. His new book, A Richer Retirement: Supercharging the 4% Rule to Spend More and Enjoy More was published in August 2025. Bill is the former owner of Bengen Financial Services, an independent registered investment advisor that he launched in 1989 after his family sold the soda bottling business that he had helped manage. He received his Bachelor of Science degree in aeronautics and astronautics from MIT. Bill retired from his financial planning practice in 2013 but continues to conduct research on retirement planning and withdrawal rates.
Episode Highlights Why the 4% Rule Needed a Rethink Inflation as the Biggest Retirement Risk Different Approaches to Finding Your Withdrawal Rate Factoring in Longevity, Taxes, and Legacy Managing Your Asset Allocations, and Outsourcing the Rebalancing Process The 4% Rule Is Not for EveryoneMore From MorningstarBill Bengen: Revisiting Safe Withdrawal Rates
How to Find Your Perfect Withdrawal Rate Strategy
How Much Should You Allocate to Safer Assets?
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Listen Now: Listen and subscribe to Morningstar’s The Long View from your mobile device: Apple Podcasts | Spotify
Today on the podcast, we welcome back Ben Carlson, who’s the author of a new book called Risk and Reward. Ben is the director of institutional asset management for Ritholtz Wealth Management. In addition, Ben’s a prolific creator of content. His blog is called A Wealth of Common Sense. He also co-hosts the podcast Animal Spirits with Michael Batnick. Ben is the author of four books about investing and money, and he’s a CFA charterholder.
Episode Highlights00:00:00 Understanding Market History Is About Preparation, Not Prediction
00:02:00 Lessons From Japan’s Asset Bubble and Mean Reversion
00:06:54 The Different Ways Investors Respond to Crashes
00:08:36 The Automatic Investing Revolution Has Changed Behavior
00:15:22 Why Patience Is Harder to Come By in an On‑Demand World
00:19:32 The Importance of Education in Private Asset Investing
00:21:35 Inflation Psychology and How to Respond
00:28:15 Two Different Kinds of Bear Markets
00:35:40 Using Alpha to Deliver Better Aftertax Outcomes for Clients
More From Ben CarlsonEverything You Need To Know About Saving For Retirement
Don’t Fall For It: A Short History of Financial Scams
Invest Your Way to Financial Freedom
Risk and Reward
More From MorningstarBen Carlson: How Not to Get Scammed
What We’ve Learned From 150 Years of Stock Market Crashes
The 60/40 Portfolio: A 150-Year Markets Stress Test
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Today’s guest on The Long View is Amit Wadhwaney, portfolio manager and co-founder at Moerus Capital Management. Amit has over 30 years of experience researching and analyzing investment opportunities in developed, emerging, and frontier markets worldwide. Prior to co-founding Moerus, Amit was a portfolio manager and partner at Third Avenue Management, where he worked alongside his Moerus co-founding partners. Amit founded the international business at Third Avenue and was the founding manager of the Third Avenue Global Value Fund, the Third Avenue Emerging Markets Fund, and the Third Avenue International Value Fund. Earlier in his career, Amit worked at MJ Whitman LLC, a New York-based broker/dealer. Prior to joining M.J. Whitman, Amit was a paper and forest products analyst at Bunting Warburg, a Canadian brokerage firm. He began his career at Domtar, a Canadian forest products company. Amit holds an MBA in finance from the University of Chicago. He also holds a BA with honors and an MA in economics from Concordia.
Episode Highlights00:00:00 Introduction
00:02:05 Investing Versus the Business of Investing
00:09:48 Why Macroeconomic Forecasting Often Fails Investors
00:10:36 Survivability as the Core of Risk Management
00:16:58 Why “Trouble” Creates Opportunity for Value Investors
00:32:04 Exploring Value-Accretive Corporate Activity
00:47:23 Is Today’s Market Setting Up a Value Comeback?
More From MorningstarHow the Iran War Is Shaping Markets
3 Well-Regarded Large-Value Funds for Investors Seeking Balanced Portfolios
The Value Stock Comeback Is Messy. Here’s Why Investors Shouldn’t Turn Away
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is Claudia Sahm. Claudia is chief economist at New Century Advisors, the founder of Sahm Consulting, and a regular contributor at Bloomberg Opinion. She has policy and research expertise in macroeconomics, consumer spending, and household finance. She created the Sahm rule, an automatic trigger for stimulus payments in recessions. Previously, she was a section chief at the Federal Reserve, where she oversaw the Survey of Household Economics and Decisionmaking. Before that, she worked for 10 years on the staff’s macroeconomic forecast. She was a senior economist at the Council of Economic Advisers. She holds a Ph.D. in economics from the University of Michigan and a bachelor’s degree in economics, political science, and German from Denison University.
Episode Highlights00:00:00 Lessons From the Fed During the Global Financial Crisis
00:04:56 Making Sense of Fed-Speak
00:09:29 The “Whiplash Economy” and Understanding Risk
00:14:21 Rising Gas Prices, Geopolitical Uncertainty, and Consumer Sentiment
00:18:03 Interest Rates, AI, and Fed Leadership Changes
00:29:48 Undoing the Effects of Trump’s Tariffs
00:33:34 The Sahm Rule and Recession Risk Today
00:43:56 Costs of Underfunding US Economic Data
00:49:57 “Economics Is a Disgrace”
More From MorningstarRisk, Not Volatility, Is the Real Enemy for Investors
Michael Gates: Why More Advisors Are Migrating to Model Portfolios
Q2 Market Outlook: Why a Stock Barbell Strategy Is Ideal for Today’s Market
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Today’s guest on The Long View is Michael Gates. Gates is the head of model portfolio solutions for the Americas and the lead portfolio manager for target-allocation models at BlackRock. BlackRock’s target-allocation models have been adopted by a large and growing contingent of advisors in the US. Four of the model families within BlackRock’s target-allocation suite have been awarded Morningstar Medalist Ratings of Gold. In 2025, Morningstar’s manager research team nominated Gates for a Morningstar Award for Investing Excellence in the Outstanding Allocation Portfolio Manager category. Gates’ time at BlackRock dates to 1999, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Before founding the model portfolio solutions group, Gates conducted quantitative trading research for equities in BlackRock’s global trading group. At Barclays Global Investors, Gates led the development and implementation of the firm’s quantitative approach in fixed-income and alternative asset investing. Gates earned a master’s degree in economics and a bachelor’s degree with honors from the University of California, Davis. He is a CFA charterholder.
Episode Highlights00:00:00 What Are Model Portfolios and How Do They Work?
00:08:19 How Tax-Loss Harvesting and Other Offerings Reshape Model Design
00:15:50 AI‑Driven Productivity and the Market Outlook
00:17:57 Rebalancing With Risk in Mind
00:24:56 Building AI Exposure Into Equity Models
00:35:39 Thematic Investing and Active vs. Passive Investing
00:42:07 How Technology May Shape Portfolios’ Future
More From MorningstarAlpha Isn’t Dead. You’ve Just Been Measuring It Wrong
Tax-Efficient Model Portfolios for Retirees and Retirement Savers
Can AI Chatbots Build a Retirement Portfolio? We Tested Them
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is Harry Margolis. Harry has been representing seniors, individuals with special needs, and their families since he started ElderLaw Services, the predecessor of Margolis Bloom & D’Agostino in June 1987. His firm helps clients pay for long-term care, manage the incapacity of a family member, and plan for safe and productive futures for their children and grandchildren. Harry served as editor of the ElderLaw Report, a monthly newsletter for attorneys, for three decades. He has been selected as a fellow of both the National Academy of Elder Law Attorneys and the American College of Trust and Estate Council. He has founded two websites and answers consumer questions online at www.askharry.info. In addition, Harry writes about eldercare issues on his Substack, Risking Old Age in America, also known as okayboomer.substack.com, and has a podcast with the same name.
Episode Highlights00:00:00 Margolis’ Path to Elder Law
00:04:15 Aging Clients, Estate Planning, and Long-Term Care
00:08:29 Aging In Place and Medicare Misconceptions
00:15:45 Estate Planning Paperwork and DIY Planners
00:21:26 Power of Attorney Mistakes, Living Wills, and Healthcare Coordination
00:27:06 Caregiving, Money Conversations, and Common Financial Mistakes
00:31:51 Benefits of NORCs
00:34:07 Special Needs Planning: Housing, Trusts, and Expectations
More From The Long ViewSally Balch Hurme: Getting Your Affairs in Order as You Get Older
Joy Loverde: Planning Ahead for Care Needs as You Get Older
Beth Pinsker: Lessons From ‘My Mother’s Money’
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is retirement researcher Wade Pfau. Wade is the founder of Retirement Researcher, an educational resource on retirement planning for individuals and financial advisors. He’s co-founder of the Retirement Income Style Awareness Tool and a co-host of the Retire With Style podcast. He’s a professor of practice at the American College of Financial Services and a research fellow with the Limra Retirement Income Institute. And he’s also a principal and director of retirement research for McLean Asset Management. Wade has written several books, including his most recent, a third edition of his Retirement Planning Guidebook. He holds a doctorate in economics and a master’s degree from Princeton University and Bachelor of Arts and Bachelor of Science degrees from the University of Iowa. He’s also a chartered financial analyst.
Episode Highlights00:00:00 Updates to the Retirement Planning Guidebook
00:00:29 Do Retirees Today Have a Stronger Starting Spending Rate?
00:04:03 Asset Allocation, Annuities, and Target-Date Funds
00:08:11 Retirement Income Styles
00:15:07 Non-US Safe Withdrawal Rates and Flexible Spending Strategies
00:23:55 Probability of Success and Estimating Longevity
00:27:47 Underspending, Organic Income, and Mortgage Payoff
00:35:46 Exploring the Retirement Risk Zone
00:39:20 Equity Glide Paths, Sequence Risk, and Delaying Social Security
00:46:43 Annuities: Private Equity Concerns and Due Diligence
More Retirement Research From Wade PfauExploring the Retirement Risk Zone
Reducing Retirement Risk with a Rising Equity Glide Path
More From MorningstarWhat’s Your Retirement Income Style?
8 Reasons You Might Need to Tweak Your Portfolio
Wade Pfau: The Risks of Retirement Today
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Today’s guest on The Long View is Pat Dorsey. Pat is the founder of Dorsey Asset Management, a boutique asset manager serving institutional clients. From 2000 to 2011, Pat was the director of equity research for Morningstar, where he led the growth of Morningstar’s equity research group from 20 to 90 analysts. Pat was instrumental in the development of Morningstar’s economic moat ratings, as well as the methodology behind Morningstar’s framework for analyzing competitive advantage. Pat is also the author of two books, The Five Rules for Successful Stock Investing, and The Little Book That Builds Wealth. Pat holds a master’s degree in political science from Northwestern University and a bachelor’s degree in government from Wesleyan University. Pat is a CFA charterholder.
Episode Highlights00:00:00 Defining Economic Moats and Moat Source Mistakes
00:05:34 Shifting Landscape for Returns on Invested Capital as a Metric
00:07:52 Inevitable vs. Noninevitable Moats
00:09:36 Moat Durability, Network Effects, and Lessons From PayPal
00:13:46 Management Quality, Founders, and Pricing Discipline
00:24:02 High-Quality Companies, “Too Hard” Bucket, and AI Uncertainty
00:29:29 Premortem, Behavioral Edge, and Opportunity Cost
More From MorningstarAI Isn’t an Economic Moat Killer, but It Will Disrupt Industries
Lawrence Lam: ‘The Types of Companies That Attract Me Are Founder-Led and Profitable’
How to Measure a Company’s Competitive Advantage
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is Bill Yount. Bill is a practicing emergency physician. He’s also co-host of a podcast called Catching Up to Fi, where he and Jackie Cummings Koski discuss pursuing financial independence later in life. Bill received his bachelor’s degree from Duke University, his doctor of medicine degree from the University of North Carolina at Chapel Hill, and completed his residency in emergency medicine at Northwestern University.
Episode Highlights00:00:00 From a Scarcity Mindset to the Hedonic Treadmill
00:10:04 The Wake-Up Call: Burnout, Lawsuits, and Turning 50
00:11:05 Finding FIRE Late: Catching Up to Financial Independence
00:13:44 Budgeting, Downsizing, and Boosting Savings Rates
00:20:56 Landmarks on the Way to Financial Independence
00:25:50 Life Planning, Risk Parity, and Calibrating Safe Withdrawals
00:34:51 Achieving FI and Knowing When It’s Time to Retire
00:43:44 Building Generational Wealth, Giving Early, and Advice to Late Starters
More From MorningstarMy Baptism by FIRE: Lessons on Financial Independence
The Best Retirement Strategies for Leaving Money Behind
Cliff Asness: ‘The Problem Was Never Beta. The Problem Was Paying Alpha Fees for Beta’
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is Emily Guy Birken. Emily’s the author of The Five Years Before You Retire. She also co-authored Stacked: Your Super-Serious Guide to Modern Money Management, with Joe Saul-Sehy. Other books include End Financial Stress Now, Making Social Security Work for You and Choose Your Retirement: Find The Right Path to Your New Adventure. Emily received her master’s degree in education from the Ohio State University and her undergraduate degree in English from Kenyon College.
Episode Highlights00:00:00 Emily Guy Birken’s Path to Money and Retirement Writing
00:04:26 Why the Five Years Before Retirement Are Crucial and How Much Is “Enough” Savings
00:10:31 How Expectations Can Shape Happiness in Retirement
00:13:14 Key Moves for Preretirees to Cover Retirement Savings Shortfalls
00:15:58 Social Security: Benefits of Delaying and Advice for Young Workers
00:27:06 Budgets in Retirement and Irregular Expenses on a Fixed Income
00:33:14 Why Long‑Term‑Care Insurance Rarely Pays Off Today
00:36:10 Pre-Medicare Health Insurance Options
00:40:17 Early Mortgage Payoff vs. Investing in Retirement
00:42:26 How Writing About Retirement Changed Guy Birken’s Own Planning
More From Morningstar5 Things to Do Today If You Want to Retire in 5 Years
Dan Haylett: ‘The Retirement You Didn’t See Coming’
The Best Strategies for Consistent Retirement Spending
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guests on the podcast today are Jamie Hopkins and Bonnie Treichel, who are co-authors of a new book, Your Retirement Sketchbook. Jamie is the CEO of Bryn Mawr Trust Advisors, Chief Wealth Officer of WSFS Bank, and founder of the FinServ Foundation. He’s a professor of practice at Creighton University and the American College of Financial Services. He’s also a contributor to Forbes and has been elected to the Fellows of the American Bar Foundation. Bonnie is the founder and Chief Solutions Officer of Endeavor Retirement, a consulting firm dedicated to solving problems for plan sponsors, advisors, and service providers in the retirement plan industry. She also serves as treasurer for the FinServ Foundation.
Episode Highlights00:00:00 The FinServ Foundation and Your Retirement Sketchbook
00:10:06 Understanding “Rewirement,” Mindset Shifts, and Behavioral Biases in Retirement
00:18:15 Why In‑Plan Annuities Are Emerging Inside 401(k) Plans
00:20:57 Retirement Bucket, Private Assets, and Reducing Sequence‑of‑Returns Risk
00:31:21 Risks to Social Security Benefits
00:33:17 Advisor-Client Dynamics in Retirement Planning
00:38:03 Retirement Planning Books and Podcasts
Retirement Resources MentionedYour Retirement Sketchbook
Retirement Planning Guidebook
Safety-First Retirement Planning
Ikigai: The Japanese Secret to a Long and Happy Life
Retiring Minds Podcast
More From MorningstarRetirement Withdrawal Sequencing Rules of the Road
Here’s How You Can Spend More During Retirement
Jamie Hopkins: A Framework for Financial Freedom
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Our guest on the podcast today is David Bach. David is the author of 12 national bestselling books, including The Latte Factor; Smart Women Finish Rich; Start Late, Finish Rich; and The Automatic Millionaire. He just released the 20th anniversary edition of The Automatic Millionaire. David was a longtime contributor to NBC’s Today show and a featured guest on the Oprah Winfrey Show. He also produced and hosted two public television specials, Smart Women Finish Rich and The Automatic Millionaire. David started his career at Morgan Stanley where he was a senior vice president and partner of The Bach Group.
Episode Highlights00:00:00 Moving Abroad, Early Retirement, and the Shifting Media Landscape
00:11:46 The Importance of Sabbaticals and Health Expectancy
00:19:39 Saving to Spending, New Tax on IRA Withdrawals, and Long-Term Effect of Deficits
00:34:39 Key Updates to The Automatic Millionaire and Automatic Contributions
00:37:59 Why Everyone Needs Access to Being an Investor
00:42:02 How to Start Investing Young and How to Catch Up Later in Life
00:47:26 How Inflation Affects Retirement Goals and The Benefits of Homeownership
More From Morningstar6 Lessons From My 6-Week Mini-Retirement
The Best Strategies for Consistent Retirement Spending
7 Steps to Estimating Your In-Retirement Cash Flow Needs
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
-
Today’s guest on The Long View is Hilary Wiek. Hilary is a principal analyst at PitchBook, where she leads PitchBook’s coverage of fund strategies and performance, publishing primary research on the alternative space. Hilary also leads PitchBook’s coverage of the ESG and impact investing space. Hilary has over 20 years of experience in asset owner, manager, and advisory roles. Prior to joining PitchBook, she was the director of investments at the Saint Paul & Minnesota Foundations, where she handled portfolio management, impact and ESG investment, investment due diligence and monitoring, and investment operations. Before that, she worked in senior positions at Segal Rogerscasey, the South Carolina Retirement Systems Investment Commission, Buckingham Financial Group, Dayton Power & Light, and KeyCorp. Wiek received a master’s degree in finance and economics from Case Western Reserve University and a bachelor’s degree in business leadership and finance from the University of Puget Sound. She is based in PitchBook’s Seattle office. PitchBook is a Morningstar company.
Episode Highlights00:00:00 Background in the Private Markets and Joining PitchBook
00:04:49 Drivers of Private Market Slowdown in 2026 and Pockets of Outperformance
00:14:15 Key Lessons for Investing in Private Market Funds
00:18:12 Private Market Fees, Hidden Volatility, and Valuations
00:20:38 Evergreen Investment Growth, Interval Funds, and Questions Investors Should Ask
00:32:26 Is It Worth It to Invest in Private Markets?
00:36:50 ESG, Impacting Investing, and Key Themes for 2026
00:41:05 Private Market Exposure in 401(k)s
PitchBook Reports DiscussedBenchmarking and Returns: Why Are There So Many Numbers?
Evergreen Funds: We Have Questions
The Evergreen Evolution
The New Face of Private Markets in Your 401(k)
US Evergreen Fund Landscape
2025 Impact Investing Update
If you have a comment or a guest idea, please email us at [email protected].
Follow Christine Benz (@christine_benz) and Ben Johnson (@MstarBenJohnson) on X, and Christine Benz, Amy Arnott, and Ben Johnson on LinkedIn. Visit Morningstar.com for new research and insights from Christine, Ben, and Amy. Subscribe to Christine’s weekly newsletter, Improving Your Finances.
If you want more Morningstar podcasts, check out The Morning Filter and Investing Insights.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
- Laat meer zien
