Today, we’re happy to welcome two guests from the Morningstar Center for Retirement & Policy Studies. Spencer Look is the associate director of retirement studies and public policy for Morningstar, and Jack VanDerhei is the director of retirement studies and public policy. Jack previously worked as the research director at the Employee Benefit Research Institute from 1996 through 2022. Spencer and Jack both produce a lot of really helpful research on retirement outcomes, Social Security reform, and retirement policy. One of the highlights was their more balanced take on whether there’s really a retirement crisis in the US. We hear a lot of really dire warnings about that, so we appreciated their perspective on where there’s room for improvement, as well as data on things that aren’t quite as bad as some people might have us believe. You won’t be surprised to hear that we really enjoyed the discussion about long-term care. Spencer and Jack have both concluded that the retirement planning community has underrated long-term care as a risk factor for people’s retirement plans.
Episode Highlights
00:00:00 Introduction
00:02:52 Modeling US Retirement Outcomes
00:07:06 Is There a Retirement Crisis?
00:11:17 Evaluating Retirement Policy Reform
00:14:49 Planning for Social Security Changes
00:18:01 Access, Auto‑Enrollment, and Accumulation
00:21:14 How the Saver’s Match Works
00:30:52 Turning Savings Into Retirement Income
00:34:45 Planning for Long-Term-Care Costs and Longevity
More from The Long View
Jean Chatzky: How to Create a Forever Paycheck for Retirement
Dana Anspach: Don’t Let Fear Ruin Your Retirement
Jamie Hopkins and Bonnie Treichel: Why You Can’t Set and Forget a Retirement Plan
If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com.
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.
