Will your IRA or 401K accounts ensure a safe retirement? FRONTLINE investigates the big business of retirement, raising troubling questions about how America's financial institutions protect our savings. (Aired 2013) This journalism is made possible by viewers like you. Support your local PBS station here: 🤍🤍pbs.org/donate. Trillions of dollars in Americans' retirement savings are invested in large and small accounts managed by banks, brokerages, mutual funds, and insurance companies. But whether your IRA or 401K will assure a safe retirement is largely a gamble. In the 2013 documentary “The Retirement Gamble,” producers Martin Smith and Marcela Gaviria build off reporting from the groundbreaking series “Money, Power and Wall Street,” revealing how fees, self-dealing, and kickbacks bring great profits to Wall Street while imperiling the prospects of a secure future for individuals. The documentary explores who has the consumer's best interests in mind, and whether there is a better way to manage our retirements. Love FRONTLINE? Find us on the PBS Video App where there are more than 300 FRONTLINE documentaries available for you to watch any time: 🤍to.pbs.org/FLVideoApp #Documentary #RetirementGamble Subscribe on YouTube: 🤍bit.ly/1BycsJW Instagram: 🤍🤍instagram.com/frontlinepbs Twitter: 🤍twitter.com/frontlinepbs Facebook: 🤍🤍facebook.com/frontline Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
Best retirement option is PERSi, we should all be as lucky as a government worker
The American dream is gone. Sad but that is the reality of today's days 😕.
If you know how this money works in a manipulated capitalist system, you can get retire within 3 years
If you dont know you need to work whole life
I’m a dividend investor, My wife and I have invested in the S&P500, both through my TSP with the government, and through Fidelity in her 401-k. Cashed out 270k from the S&P and invested with a Financial adviser, Jane Marie Kunak. Until around 3 years ago we were 100% in the s&p after over 30 years. I'm retiring at the end of this month at 62, while my wife will retire next year at 60. We currently have 3.7 million in our tax deferred savings..
Just watch out for ol Bernie Madoff when you're investing your hard earned money, there's a lot of ol Bernie's out there just waiting for you to call !
Dude used to a compound calculator to determine if a 2% fee would reduce the gains by 2/3 and didn’t figure out shit. $100,000 that earns 7% will be worth $2,945,703 in 50 years. $100,000 that earns 5%(7%-2% fee) will be worth $1,146,740 in 50 years. Its 61% less. So fairly close to 2/3 (66.6%).
lol what's all this vcorpinvest scam garbage spam in the comments?
If you invest $2,545 into the S&P, then assuming a 10% annual rate of return, your child at the an early retirement age will be a Million plus rich, excluding every other income channeled to this. We need to invest much more. Focus on the company not just the stock price, true words from my F.A Jane Marie Kunak..I made over half a million from ALB and NVDA..I love passive income.
Low cost S&P 500 index fund or ETF. I learned a lot from Russel Wild, Eric Tyson, John Bogle, and Warren Buffet.
Most likely it happen in investment and retirement funds in the Philippines. Better just save your money in a secured bank account.
Get debt free before you retire, home ,car and credit card all should be paid off and you should have a emergency fund account available
our grandparents had company pensions
and they also had unions to protect their employment conditions and contract.
the 401k is a scam. every company should have a define benefit pensions for its employees. a company pension plus my scam 401k was my safety net to a comfortable retirement. without the company pension I will be still be working.
Bankers creats all the finances crisis in the world 🌎 and we still do nothing about it.
My boat sailed already Sad but true I’ll be working for a long long long time
Well researched and very informative with takeaways for global citizens. Hallam in always sunny Barbados.
lkOQNPIsO-Q&t=20m00s 20:00 This buffoon got spooked then pulled out of the market at the low. If she had waited 2 years, her portfolio would’ve been right back to where it was. Hold on even longer, and she would’ve partook in the LONGEST BULL RUN IN HISTORY.
The stock market isn’t rigged, sweety. These folks invest in single stocks, freak out while they watch their nightly propaganda, then pull out at the bottom.
These folks had no business being in the stock market at all. They should’ve invested in CDs and let inflation chew it up slowly