What exactly is a model portfolio—and should you trust one with your retirement?

Tom and Don explain why professionally designed model portfolios can improve consistency and reduce advisor bias, but also why investors should be wary as firms like Morningstar begin adding private equity, private credit, and other alternative investments to traditional portfolios.

00:12 What is a model portfolio?
02:11 Why advisors should use investment models
03:31 Morningstar’s new private market portfolios
05:20 Liquidity problems with private investments
07:27 The high cost of private equity
08:12 “Persistent inflation” claims examined
10:49 Why Wall Street wants retirement assets
12:23 Listener questions begin
14:17 AUM vs flat-fee vs hourly advisors
21:22 Do ETF expense ratios add together?
23:21 Roth IRA income limits and backdoor strategy
27:44 BrokerageLink inside a 401(k)
31:00 Costco, avocado oil, and gas prices

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