Mark Hebner

Retirement, Investing, Lifestage Based Planning
“Mark's mission is to "change the way the world invests by replacing speculation with an education." He is especially knowledgeable about index funds, passive investing and the research indexes designed by Nobel Laureate Eugene Fama and Kenneth French that provide the building blocks to the prudent investment strategy that he recommends to investors.”

Index Fund Advisors

Job Title:

Founder & President


Mark Hebner is Founder and President of Index Fund Advisors, Inc. (IFA), author of the popular book, "Index Funds: The 12-Step Recovery Program for Active Investors", and is a respected speaker, news contributor and provider of authoritative information and education on investing.

"Index Funds" has received praise from financial industry and academic luminaries, including John Bogle, David Booth, Burton Malkiel, as well as Nobel Laureates Harry Markowitz and Paul Samuelson. It was nominated as one of the three all-time greatest investment books, along with the writings of John Bogle and Warren Buffett.

IFA avoids the futile, speculative, and unnecessary cost-generating activities of stock, time, manager, and style picking. Contrarily, IFA employs a disciplined, quantitative approach that emphasizes broad diversification and consistent exposure to the structural trends of global publicly-traded markets.

IFA is a true fiduciary financial advisory firm, compelled by law to act in the best interests of clients, always – something the investing public, mistakenly, believes all financial advisors are required to do.  

Mark contends that one can be a passive investor but still apply active intelligence to the process of investing.  He takes an evidence-based academic approach to this process and illustrates it with art and science.   

Mark was a member of the Young Presidents' Organization for 19 years and is currently a member of the World Presidents' Organization and the Chief Executives Organization.

Prior to founding Index Fund Advisors in 1999, Mark was President, CEO and co-Founder of Syncor International (previously a public company - SCOR) from 1975 to 1985. In Jan. 2003, Cardinal Health acquired Syncor for approximately $850 million. As a division of Cardinal Health, it is the largest radiopharmaceutical network in the United States.


BS Nuclear Pharmacy, University of New Mexico
MBA, University of California at Irvine

Assets Under Management:

$2.6 billion

Fee Structure:


CRD Number:



Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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    Retirement, 401(k), Retirement Plans
When should I retire?
100% of people found this answer helpful

It depends on your desired standard of living in retirement. It also depends on how your assets are invested. Just to give you some quick guidance, most people don’t spend as much in retirement compared to their working years. Most retirees’ replacement rates are 60-80% depending on how much you earned while working. For those who find themselves in the top quartile of income earners in America, your replacement is more like 60%. 10-20% of that replacement rate will come from Social Security with the remainder coming from personal savings and pensions. So if you have a household income of $200,000, you will probably only need $120,000 for retirement. Why is this the case? You are no longer saving for retirement and you are no longer paying certain taxes like Social Security taxes. $30,000 to $45,000 will come from Social Security with the remainder ($75,000 to $90,000) being funded by personal savings.

If you invest passively via a globally diversified portfolio of index funds and work with an independent fiduciary wealth advisor, you can expect to afford to safely withdraw 4-5% of your entire retirement asset base throughout retirement. For example, if your entire retirement asset base is $2,000,000 at retirement, you can afford to safely withdraw $80,000-$100,000 per year, adjusting for inflation.

A good first step would be to find out what your individual risk capacity score is as well as take a retirement analyzer to see if you are on the right track. Both of these tools are easily accessible online and will put you on the right foot in terms of determining your retirement readiness. 

September 2017
What investment strategies do you recommend for someone with low capital?
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February 2017
    Investing, Lifestage Based Planning
How should I invest a large sum of my savings towards my kid's future expenses?
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July 2017
    Investing, ETFs
What is the purpose of investing in physical gold or gold ETFs?
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June 2017
    Mutual Funds
What is the relationship between alpha, beta, and r-squared when analyzing a fund?
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June 2016