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.

Note: I'm no longer adding new posts to The Family CEO. I am, however, writing at Creating This Life, where we talk about home, books, travel, and other life stuff.

Click here to subscribe to Creating This Life or click here to visit. I hope to see you there! - Julie


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{ 6 comments… read them below or add one }

Sharon April 23, 2013 at 7:41 am

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

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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. ;)

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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.

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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.

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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. =)

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Julie April 24, 2013 at 11:33 pm

Mrs. POP, it’s on the web now!

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