The Retirement Gamble

by Julie on April 23, 2013 · 6 comments

One of the nerdiest things about my nerdy self is that I love documentaries.

Love them.

And one of the best sources for well-done documentaries is PBS’ Frontline.

Tonight’s program is a new one about America’s retirement industry and how the 401(k) and IRA fees we’re being charged may be costing us years of retirement savings.

Here’s a 30 second sneak peak:

Watch The Retirement Gamble Preview on PBS. See more from FRONTLINE.

Even if you’re not a documentary nerd, this might be one to check out.

Consider these findings from The Retirement Gamble press release:

  • On any given street, one household may be paying 10 times as much to invest in a 401(k) as the household next door;
  • Over the course of a lifetime, a seemingly low annual fee of 2 percent can reduce what your balance would have been by more than 60 percent—potentially adding years to your working life;
  • Popular 401(k) providers often charge a plethora of hidden fees, burying them under opaque names like “Expense Ratio”;
  • Many financial advisers are not required to provide advice that is in their clients’ best interest; they are only obligated to give advice that is “suitable”; and
  • The best way to maximize your return might be to cut Wall Street out of the equation and invest in low-cost, unmanaged index funds.

If you happen to miss it tonight, it will be available to watch for free on the PBS website as soon as it airs.

Sharon April 23, 2013 at 7:41 am

Thanks for letting me know! I LOVE documentaries too!! I will definitely be watching this one!

Little House April 23, 2013 at 8:39 am

I’ll have to check this out. I love documentaries, too so I guess that makes me nerdy as well. ;)

Julie April 23, 2013 at 9:54 am

Yay! So happy to know you girls like documentaries too. Let me know what you think after you watch it.

Sara Tetreault April 23, 2013 at 3:38 pm

Thanks, Julie! FrontLine is one of my favorite shows to watch – assuming I can stay awake past my bedtime!
This is an important topic for all of us to be informed about, too.

Mrs. Pop @ Planting Our Pennies April 24, 2013 at 8:25 pm

ooh, I will have to watch it when it gets to the web! I love a good documentary. =)

Julie April 24, 2013 at 11:33 pm

Mrs. POP, it’s on the web now!

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