Bogleheads On Investing Podcast

Cody Garrett, a Certified Financial Planner specializing in tax-aware retirement strategies, and Sean Mullaney, a Certified Public Accountant with a focus on tax planning, share invaluable insights. They discuss key year-end tax planning strategies, including the upcoming 2026 tax changes and Roth conversions. They highlight the importance of understanding effective tax rates versus marginal rates. The duo critiques fear-based marketing in tax planning and offers practical advice on asset location, emphasizing simplicity before optimization in tax strategies.

Antti Ilmanen, Ph.D., Principal at AQR Capital and expert on asset valuation, discusses how investors form long-run return expectations. He contrasts market-based, objective forecasts with subjective beliefs, highlighting the implications of bullish sentiment during low expected returns. Antti analyzes U.S. equity dominance and the impact of valuation shifts, while emphasizing the importance of simplicity in portfolios. He warns against overcomplicating investments, discussing reasons behind elevated earnings growth and the dynamics of bond expectations.

Jennifer (Jenny) Rozelle, an estate and elder law attorney, discusses crucial topics like the difference between elder law and estate planning, especially for solo agers. She emphasizes the need for appointing fiduciaries and highlights ongoing estate planning as a relationship. Jenny clarifies Medicaid vs. Medicare and explains Medicaid asset protection trusts. She warns about common estate planning mistakes and the pitfalls of relying solely on beneficiary designations. With her insights, listeners gain a clearer understanding of navigating complex legal landscapes.

Joe Davis, Ph.D., is Vanguard’s global chief economist and global head of the Investment Strategy Group. He leads teams responsible for Vanguard’s research and thought leadership agendas as well as the development and oversight of the firm’s investment methodologies and models. In this episode, we discuss his new book, Coming Into View: How AI and Other Megatrends Will Shape Your Investments.    Rick Ferri, CFA, a long-time Boglehead and investment adviser, hosts the Bogleheads on Investing podcast. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads have held national conferences in major cities across the country. The 2025 conference will take place in San Antonio, Texas, from October 17 to 19. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.   This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.

Ed Slott, a nationally recognized CPA and IRA distribution expert, shares invaluable insights on tax and retirement strategies. He discusses the implications of the newly passed One Big Beautiful Bill Act, urging listeners to consider Roth conversions during low tax brackets for maximum benefit. Ed debunks common misconceptions around deductions and explains the nuances of Trump accounts. He emphasizes the importance of balancing traditional and Roth accounts for flexibility, offering timely advice on charitable deductions and planning for future tax law changes.

Jeff Clark is a 27-year veteran of Vanguard Workplace Solutions, Head of Defined Contribution Research, and author of How America Saves 2025. We discuss trends in defined contribution plans and how auto-enrollment and target-date funds are changing the way Americans save and invest for retirement.    Rick Ferri, CFA, a long-time Boglehead and investment adviser, hosts the Bogleheads on Investing podcast. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads have held national conferences in major cities across the country. The 2025 conference will take place in San Antonio, Texas, from October 17 to 19. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.   This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.          

Phil DeMuth, Managing Director at Conservative Wealth Management and author of ten personal finance books, shares his expertise on tax-smart charitable giving. He discusses strategies from his book to create an impactful lifetime giving plan that maximizes both philanthropy and tax benefits. The conversation covers innovative approaches like donor-advised funds and the importance of navigating charitable structures for optimized contributions. DeMuth highlights the advantages of donating from IRAs and shares tips on making the most of charitable donations, including appreciated securities and artwork.

Join former Wall Street Journal columnist Jonathan Clements, current columnist Jason Zweig, and Morningstar's Christine Benz as they explore the Jonathan Clements Getting Going on Savings Initiative. They discuss empowering youth with financial education through Roth IRAs and highlight the need for family conversations about money. The trio reflects on their personal experiences, the emotional aspects of retirement, and defining a 'rich life.' With insights from Clements' new book, they inspire listeners to align finances with personal fulfillment.

Greg Zuckerman, an award-winning Special Writer at the Wall Street Journal and author on financial firms, discusses the competitive world of quantitative trading. He delves into Jim Simons and Renaissance Technologies, revealing how data-driven strategies revolutionized investing. The conversation touches on the challenges individual investors face against sophisticated hedge funds, the role of luck in trading success, and the significance of rebalancing strategies amidst market volatility. Zuckerman also contrasts high-frequency and medium-frequency trading dynamics.

Jeff Ptak, a managing director at Morningstar Research Services, discusses the shifting landscape of the mutual fund and ETF industries. He highlights the remarkable growth of actively managed ETFs and the declining popularity of traditional mutual funds. The conversation delves into the complexities of thematic ETFs, revealing their investor appeal despite performance fluctuations. Ptak also addresses the risks associated with leveraged ETFs and emphasizes the importance of strategic portfolio management to combat investor inertia.