The David Lin Report Retirement Wipeout; How To Protect Wealth Against Market's Biggest Shocks | Hal Ratner
Aug 27, 2025
Hal Ratner, Global Head of Research for Morningstar Investment Management, shares his insights on retirement investing strategies. He emphasizes the importance of starting with riskier assets like stocks and gradually shifting to safer options as retirement approaches. The conversation also highlights the role of AI in shaping future investment strategies and discusses the ideal savings rate for retirement. Ratner provides a compelling view on navigating the complexities of asset allocation and the integration of alternative investments in 401k plans, including cryptocurrencies.
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US Market Valuation Concern
- Hal Ratner sees US equities as overvalued and the economy showing troubling signals like weak payrolls.
- He warns political confusion and tariff uncertainty raise meaningful downside risk to markets.
Stay With Your Policy Portfolio
- Stick to a policy portfolio when macro signals are noisy and you lack a clear market view.
- Avoid making strong tactical bets for long-horizon retirement investors during high uncertainty.
Glide Path Tailored By Personal Factors
- Morningstar uses glide-paths that adapt allocations as investors age and consider personal factors.
- Their model customizes allocation by age, savings, gender and outside assets rather than one-size-fits-all.
