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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, 07:53 PM.
    "When we build let us think we build forever. Let it not be for present delight nor for present use alone. Let it be such work that our descendants will thank us for, and let us think, as we lay stone upon stone, that a time is to come when these stones will be held sacred because our hands have touched them, and that men will say, as they look upon the labor and wrought substance of them, "See! This our fathers did for us."
    John Ruskin (1819 - 1900)

  • #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