Rick Ferri, CFA

The 84th 'Bogleheads® on #Investing’ #podcast is out! Your host Rick Ferri (@Rick_Ferri) interviews Jeff Clark, a 27-year veteran of Vanguard Workplace Solutions. They discuss ‘How America Saves 2025’, Vanguard’s report on trends in defined contribution plans.

Prefer to read - instead of listening to - the latest 'Bogleheads on #Investing' podcast? We've got you covered! Host Rick Ferri (@Rick_Ferri) interviews Phil Demuth (@PhilDeMuth) on his latest book: “The Tax-Smart Donor” Listen to the interview - or read the transcripts 👇

Critics of index funds (see link) claim that buying an index puts too much money in overvalued stocks and not enough in undervalued stocks. If that's true, why do so many active managers underperform? The answer is they don't know which stocks are overvalued and which are…

Why is it that active management critics of index investing who write papers that point to a recent increase in correlations of stocks returns in the S&P 500 by cap weight never use an equal weight total US stock market index as a proxy? papers.ssrn.com/sol3/papers.cf…

Get your tickets for the 2025 conference! 👇

The latest Bogleheads on Investing podcast features Rick Ferri (@Rick_Ferri) interviewing Phil Demuth (@PhilDeMuth) on his latest book: “The Tax-Smart Donor” Listen to the interview 👇 #taxes

This is very sad. Warnings of flooding in Central Texas started two days before the flood hit. Mayors and county officials in cities and towns were informed the day before but didn’t act. npr.org/2025/07/05/nx-…

1/ 🚨Breaking News🚨 The One Big Beautiful Bill (OBBB) Act has just been passed by the House, and is now on its way to the President's desk, where it will be signed into law. With that in mind, it's time to break it down... To read it for yourself: congress.gov/bill/119th-con…

I get many questions about Roth conversations. Many people have been programmed to believe they are a given. That’s not true. There’s a lot to consider. One factor often overlooked is the tax bracket of the people or entity that will inherit your assets. If their tax bracket is…

Simple investing in the public markets is the best approach. Complexity is costly—both in fees and taxes—and the learning curve for heirs who must handle your estate if you become disabled or pass away can be overwhelming. In despair, those heirs often turn to the high-fee…

Charging an AUM fee for management and advice simply does not align with the work advisers do for most of their clients. Some small AUM clients need a lot of work, and some large AUM clients don't need much. Why are advisers so stuck on AUM? Because explaining to clients a new…

I've never met a 1% AUM adviser who shares my view on separating advice fees from asset management fees. Why not? Because their 1% AUM fee does not align well with the amount of dollars they charge clients for these two services, and they're afraid of losing revenue. To say, "The…