Jordan Grumet, a hospice doctor and the host of the Earn & Invest podcast, delves into the pursuit of meaning and happiness in life. He discusses the importance of crafting personal narratives that enrich our happiness and the difference between 'big P' and 'little p' purposes. Grumet explores how financial stability impacts well-being and reveals that true joy often stems from our connections with others. He also shares insights from his new book 'The Purpose Code,' guiding listeners to focus on smaller, fulfilling activities that can lead to lasting legacies.

Hi, and welcome to The Long View. I’m Christine Benz, director of personal finance and retirement planning for Morningstar. On this week’s episode, we’ll feature some of our favorite clips from interviews we’ve done with financial planners, advisors, and retirement researchers over the past year. It’s a counterpart to a previously released “best of” episode that was all about investing.“Daniel Crosby: Can Money Really Buy Happiness?” The Long View podcast, Morningstar.com, Dec. 17, 2024.“Scott Rick: Are You a Tightwad or a Spendthrift?” The Long View podcast, Morningstar.com, June 18, 2024.“Anne Lester: You’re Bad at Savings and It’s Not Your Fault,” The Long View podcast, Morningstar.com, March 12, 2024.“Mark Berg: How to Help Kids Financially Without Ruining Them,” The Long View podcast, Morningstar.com, Nov. 19, 2024.“Marc Freedman: The Case for Encore Careers,” The Long View podcast, Morningstar.com, Feb. 20, 2024.“Howard Gleckman: We Pretend This Isn’t a Problem,” The Long View podcast, Morningstar.com, Jan. 16, 2024.“Roger Young: Visualizing Retirement Is So Important,” The Long View podcast, Morningstar.com, Feb. 13, 2024.“Jamila Souffrant: ‘What Type of Life Do You Actually Want to Live?’” The Long View podcast, Morningstar.com, May 28, 2024.“Jackie Cummings Koski: Late Starters Can Still Find FIRE,” The Long View podcast, Morningstar.com, Aug. 20, 2024.“Meir Statman: ‘The Biggest Risks in Life Are Not in the Stock Market,’” The Long View podcast, Morningstar.com.“Christine Benz: How to Retire,” The Long View podcast, Morningstar.com, Sept. 17, 2024.“Brad Klontz: What’s Your Money Script?” The Long View podcast, Morningstar.com, Dec. 10, 2024.“Anne Tergesen: What Retirement Looks Like Today,” The Long View podcast, Morningstar.com, Oct. 29, 2024.“Jonathan Clements: ‘Life Is Full of Small Pleasures,’” The Long View podcast, Morningstar.com, Oct. 15, 2024.

Hi, and welcome to The Long View. I’m Dan Lefkovitz, strategist for Morningstar Indexes. In this episode, we’ll share some of our favorite clips from 2024 interviews with portfolio managers, economists, and investment thinkers. It’s the companion to Christine Benz’s “Best of Episode” featuring highlights from conversations with financial planners, advisors, and retirement researchers.“Joel Fried and Al Mordecai: Upholding the Culture at Primecap Management,” The Long View podcast, Morningstar.com, Jan. 30, 2024.“JB Taylor: Small Caps Haven’t Been This Cheap in 25 Years,” The Long View podcast, Morningstar.com, March 5, 2024.“Jody Jonsson: The Case for a Global Portfolio,” The Long View podcast, Morningstar.com, Jan. 23, 2024.“Bryan Armour: Is Index Investing’s Superpower Unstoppable?” The Long View podcast, Morningstar.com, March 19, 2024.“Sonali Pier: Don’t Rent Yield,” The Long View podcast, Morningstar.com, Feb. 27, 2024.“Neil Shearing: What the Consensus Is Missing About the Current Economy,” The Long View podcast, Morningstar.com, April 16, 2024.“Omar Aguilar and Sébastien Page: Market Outlook for 2024 and Beyond,” The Long View podcast, Morningstar.com, Aug. 27, 2024.“Carl Tannenbaum: Settling Into ‘Soft-Landing Territory,’” The Long View podcast, Morningstar.com, July 30, 2024.“David Herro and Rajiv Jain: Should US Investors Renew Their Passports?” The Long View podcast, Morningstar.com, July 9, 2024.“Carl Vine: The Japan Earnings Story Has Legs,” The Long View podcast, Morningstar.com, April 30, 2024.“Justin Leverenz: Emerging Markets Are ‘Incredibly Attractive,’” The Long View podcast, Morningstar.com, Feb. 6, 2024.“Ankur Crawford: ‘When Software Begins to Write Software, Innovation Is Exponential,’” The Long View podcast, Morningstar.com, Sept. 24, 2024.“Jeremy Grantham: The Bigger the New Idea, the More the Market Becomes Overpriced,” The Long View podcast, Morningstar.com, Oct. 8, 2024.“Dan Ivascyn: The Outlook for Bonds Amid a Covid ‘Aftershock Global Economy,’” The Long View podcast, Morningstar.com, May 21, 2024.

Dr. Daniel Crosby, the Chief Behavioral Officer at Orion Advisor Solutions and author of "The Soul of Wealth," dives deep into the intricate dance between money and happiness. He explores how financial success doesn't guarantee emotional well-being and dissects the psychological impacts of social comparisons intensified by social media. Crosby also shares insights on cultivating healthy financial habits and emphasizes that true wealth is found in meaningful experiences, urging listeners to prioritize gratitude.

In this chat, Dr. Brad Klontz, a financial psychologist and co-founder of the Financial Psychology Institute, dives into the deep connections between money and mental health. He discusses how consumerism shapes self-worth, particularly among youth. Klontz reveals the impact of social media on our perceptions of wealth and the resulting feelings of inadequacy. He also introduces 'money scripts'—the hidden beliefs that influence our financial habits. The conversation emphasizes the need for emotional engagement with money to foster better financial wellness.

This week’s guests are Tom Idzorek, Chief Investment Officer of Retirement at Morningstar, and Paul Kaplan, former Director of Research for Morningstar Canada. They delve into their new book on lifetime financial advice. Topics include personalized financial strategies that integrate human capital, the importance of flexible planning through life changes, and maximizing tax efficiency in investing. They also discuss the role of insurance in managing financial risks throughout life, offering listeners insightful guidance for effective financial planning.

In this insightful discussion, Ed Slott, a CPA and retirement expert, shares valuable tax planning strategies ahead of 2025. He explains the intricacies of tax-loss harvesting and the importance of cost basis accounting. Ed dives into Required Minimum Distributions, highlighting common pitfalls and effective strategies, including Roth conversions. He also explores innovative charitable giving techniques for maximizing tax benefits and navigates the implications of the SALT cap for high-tax states. This episode is a treasure trove for anyone looking to optimize their financial future!

Mark Berg, founder and lead advisor at Timothy Financial Counsel, shares insights on helping children navigate financial challenges. He emphasizes the importance of teaching financial responsibility without fostering entitlement. Mark discusses strategies like allowance systems and the value of family experiences as investments. He also addresses the delicate balance of supporting major life events while maintaining financial prudence. Listeners will learn how to manage gifts and ensure a meaningful inheritance, promoting independence in their children.

Jim Murphy, a high-yield muni strategies expert at T. Rowe Price, and Charlie Hill, who manages several short and intermediate-term municipal funds, discuss the current landscape of municipal bonds. They dive into recent market turbulence and highlight how a 50 basis point rate cut could create new investment opportunities. The duo analyzes credit spreads, emphasizing the resilience of not-for-profit hospitals post-COVID, and explore the potential of high-yield municipal bonds in diversifying portfolios while maintaining low default risks.

In this conversation, Charlie Dreifus, a seasoned portfolio manager known for his expertise in small-cap value strategies, shares insights from his impressive investment career. He discusses how his family's refugee background instilled a cautious investment mentality. Dreifus explains his valuation strategies focusing on market inefficiencies and contrasts mutual funds and ETFs, highlighting their unique advantages. He emphasizes the importance of passion in both investing and personal life, illustrating how it fuels success and fulfillment.