Saving & Investing

The Retirement Gamble

April 23, 2013

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.

  1. 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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