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PBS Frontline: The Retirement Gamble

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  • PBS Frontline: The Retirement Gamble

    You should watch this, and watch the CEOs of the big financial service companies squirm when asked hard questions. Also notice who in Congress supports your interest, protecting your money, or the interests of the big financial firms who lobby hard to not let any change come about in the laws and regulations that govern how they can drain your retirement savings legally.

    Case in point; a fund which charges you 2% on fees will cost you about 60% of your gains over time.

    Index funds are your best bet, most have fees of 1% or less says Jack Boggle of Vanguard.
    Last edited by Bob D.; 05-15-2013, 08:53 PM.
    Light is faster than sound. That's why some people seem really bright until you hear them speak.
    “If I had my life to live over again, I'd be a plumber.” - Albert Einstein
    "Its a table saw.... Do you know where your fingers are?"

  • #2
    Re: PBS Frontline: The Retirement Gamble

    Supperannuation for the worker class is a fraud and always has been its designed to make the superannuation companies rich and you poorer whether you live in the US or Australia I worked hard and bought the home I live in and own it outright and am now selling it and down sizeing and will give me a sizeable amount to put into my pension fund and with the old age pension we have here put to they will give my a comfortable retirement