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Expected Stock and Bond Returns: Time to Get Real

In the short term, almost anything can happen, but in the long run, returns will likely be lower than recent history, says Morningstar markets editor Jeremy Glaser.

Note: This video is part of Morningstar's January 2015 5-Point Retirement Portfolio Checkup special report.

Jason Stipp: I'm Jason Stipp for Morningstar. Of course, part of your portfolio check-in is reviewing past performance, but you should also set the right expectations for your portfolio looking ahead. Here to help us do that is Morningstar markets editor Jeremy Glaser. Jeremy, thanks for being here.