This interview with Hal Ratner, Global Head of Research for Morningstar Investment Management, discusses how people should invest for retirement by holding riskier assets like stocks when young and gradually shifting to safer investments like bonds as they approach retirement age.*This video was recorded on August 21, 2025.Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW HAL RATNER:Morningstar website: https://www.morningstar.com/Hal's publications: https://www.morningstar.com/people/hal-ratnerFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at [email protected]*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro.1:00 - Retirement investing at Morningstar3:54 - Asset allocation in times of weakness4:57 - AI revolution9:06 - AI’s influence on retirement planning11:28 - Risk in investments13:55 - Current asset allocation model15:51 - Adjustment frequency17:33 - Advantages over buy-and-hold and 60/40?20:35 - When to start retirement planning?22:15 - Saving guidelines and percentage of income to allocate23:17 - Views on the 401k plans and executive order27:52 - Decision criteria for alts29:00 - Views on modern portfolio theory and statistical models 32:00 - BLS commissioner change and risks36:30 - Real estate, diversification, and efficiency45:33 - Bitcoin50:42 - Defining risk assets#investing #retirement #stocks