Apr 29, 20 pbs frontlines the retirement gamble by fred mazelis 29 april 20 frontline, the longrunning newsmagazine on us public television, aired a program last week dealing with the. If you care about your retirement savings and you havent had a chance to view pbs frontlines the retirement gamble, pull up a seat and take. The piece covers a lot of ground, but the two biggest points were that the burden of retirement planning has been plopped into the unprepared publics lap in the form of 401k plans and that the 401k bucket of cash has been too tempting for plan managers, who have been grabbing the money for themselves in the form of fees. Moneywatch last night, pbs frontline ran a documentary entitled the retirement gamble.
The retirement gamble will your ira or 401k accounts ensure a. The retirement gamble frontline pbs good documentary from frontline, as usual. Smith covers a brief history of the 401k, the market turmoil that has shaken confidence in it, and the various points of confusion and conflicts. The retirement systems chiefly, 401k and 403b plans bilk billions of dollars from americans in the form of fees. I appreciate a mainstream media effort to raise awareness about the fact that pensions are extinct, 401ks are a crappy replacement, and average retirement savings are putrid but most of. May 15, 20 after months of work and research, the public broadcasting service aired the frontline report, the retirement gamble at the end of april, billing it as a special look into americans preparing financially for retirement and focusing particularly on the problems with popular 401k products. A lot of 401ks really bend people over with crappy fund choices and fees out the wazoo and most people dont pay enough attention to know if they.
Youll get lots of advice, but chances are it wont be worth much. Why the pbs frontline segment, the retirement gamble, is. Investigate the groups that changed the debate on climate and redefined the politics of global warming. A network of sociologists who have left, or expect to leave, our primary jobs but want to continue our sociological lives. Doctors to get flexibility on pension contributions from next year. Will your ira or 401k accounts ensure a safe retirement. I finally had a chance last night to watch the excellent pbs frontline documentary on the american retirement crisis. Frontline s 52minute documentary, the retirement gamble has been getting a lot of press lately at least in personal finance circles so it was on my todo list to watch, learn, and critique. Aug, 2009 the eastern sociological societys ess opportunities in retirement.
While some of us are fully retired as sociologists, many of us are sociologists who are, or expect to become, semiretired retired from our primary employment, but not necessarily retired. The retirement gamble reveals how fees, selfdealing, and kickbacks bring great profits. The pbs documentary, the retirement gamble, which aired april 23, 2012 on pbs, has shaken up the 401k and mutual fund industries. Frontline investigates the american response to covid19 from washington state to washington, d. If you care about your retirement savings and you havent had a chance to view pbs frontlines the retirement gamble, pull up a seat and. December 29, 2019 10 comments the wife was working a night shift on saturday, so i had an opportunity to do what all married personal finance bloggers dream about doing on a saturday night watch a pbs documentary on a personal finance topic. Plan documents deliberately hide some of these fees in fine print.
The retirement gamble raises troubling questions about how americas financial institutions protect our savings, and asks whether there is a better way to manage our retirements. It argues, persuasively, that low cost index funds as the long term best bet. Frontline the retirement gamble will your ira or 401k accounts ensure a safe retirement. Delta cfo calls off retirement as pandemic hits airlines finances. It was well done, interesting, and more than a little critical of my finanical services industry. Pbs frontline s2007e12 spying on the home front hdtv.
The retirement gamble will your ira or 401k accounts ensure a safe retirement. Most people seem to feel that at retirement, to be ok, you need 10 or 12 times pay, and maybe 15. Eighty five percent of all financial advisers and financial planners are really just. The show did a great job of highlighting a number of issues and was pretty scathing in its treatment of the financial services industry and workplace retirement. May, 20 if you care about your retirement savings and you havent had a chance to view pbs frontlines the retirement gamble, pull up a seat and take a view. Nov 18, 20 the retirement systems chiefly, 401k and 403b plans bilk billions of dollars from americans in the form of fees. Summary of pbs the retirement gamble part 1 youtube. Frontline retirement gamblemutual fund fees youtube. Learn how fees, selfdealing and kickbacks profit wall street while imperiling our savings.
Smith covers a brief history of the 401k, the market turmoil that has shaken confidence in it. Frontline the retirement gamble aging documentary aging. Frontline the retirement gamble tv episode 20 imdb. In part what the documentary said, in part what it did not say. Pbs frontlines the retirement gamble world socialist. The retirement gamble the retirement gamble raises troubling questions about how americas financial institutions protect our retirement savings. The retirement gamble reveals how fees, selfdealing, and kickbacks bring great profits to wall street while imperiling the prospects of a secure future for individuals. It looks like we dont have any company credits for this title yet. It was well done, interesting, and more than a little critical of. Have you seen the pbs frontline documentary the retirement gamble. Its almost a year old so some of you have probably seen it already, frontline the retirement gamble fund, fees, 401k, retirement plan investing stocks, bonds, mutual funds, trading, market, brokers. This piece has created quite a buzz of activity in the investment management, retirement plan blogosphere.
Frontline correspondent hedrick smith the wall street fix, is walmart good for america. The pbs show frontline recently aired the retirement gamble, an investigative documentary on the state of retirement savings and the problems with 401k and similar retirement plans. Pbs frontlines the retirement gamble got 401ks right forbes. Learn about adobe 401k plan, including a description from the employer, and comments and ratings provided anonymously by current and former adobe employees. I had a chance recently to watch the piece about 401k plans by martin smith on the pbs program frontline, the retirement gamble. Its useful because it discusses investment wisdom, in contrast to market hype.
I decided to give this a watch and i understand completely why he decided to give me a call. Apr 03, 20 the retirement gamble raises troubling questions about how americas financial institutions protect our retirement savings. Best documentarybook for the history of the stock market. Frontline the retirement gamble season 20 episode 9. After months of work and research, the public broadcasting service aired the frontline report, the retirement gamble at the end of april, billing it as a special look into americans preparing financially for retirement and focusing particularly on the problems with popular 401k products. Sep 06, 2015 if you have mutual funds, bond funds, 401ks or retirement accounts in the equities market. Its almost a year old so some of you have probably seen it already, but imo everyone with a 401k should watch this.
Apr 10, 2014 the retirement gamble frontline pbs good documentary from frontline, as usual. The piece covers a lot of ground, but the two biggest points were that the burden of retirement planning has been plopped into the. Oct 10, 2014 on september 30, 2014, pbs frontline won an emmy award for their documentary the retirement gamble, that aired on april 23, 2014. Pbs frontlines the retirement gamble world socialist web. Money, power and wall street dvd,in a special 4hour investigation, frontline tells the inside story of the struggles to rescue and repair a shattered economy, exploring key decisions, missed opportunities, and the unprecedented and uneasy partnership between government leaders and titans of finance that affects the fortunes of millions of people around the world. If you have mutual funds, bond funds, 401ks or retirement accounts in the equities market. If you have a spare hour, itd be worth your time to watch the whole thing. Pbs ran it again in late octoberjust in time for halloween. Glassdoor is your resource for information about the 401k plan benefits at adobe. Pbs frontline the retirement gamble 20 documentary revealing how money managers siphon off most of their investors profits, and what to do about it cc 55. Pbs frontlines the retirement gamble by fred mazelis 29 april 20 frontline, the longrunning newsmagazine on us public television, aired a program last week dealing with the.
The pbs frontline 401k documentary names suspects but. Since these industries dislike any form of criticism, they have responded mostly by being silent. Heres the transcript if you want to take a quick skim. Patrick donohoe of paradigm life responds to the recent documentary the retirement gamble by pbs on the united statess flawed retirement system. The opening 20 minutes or so of this documentary highlights the complexity and confusing nature of retirement savings and investing in your companies 401k. Document the places, people and decisive moments that made the men who are competing for the presidency. In my opinion, the retirement gamble is one of frontline s most interesting documentaries, as well as one of its most useful. The pbs show frontline recently aired the retirement gamble, an investigative documentary on the state of retirement savings and the problems with 401k and similar retirement plans the show did a great job of highlighting a number of issues and was pretty scathing in its treatment of the financial services industry and workplace retirement savings plans.
Hidden 401k fees you could end up with a lot less savings at 65 than you ever anticipated because of fees charged by. Apr 24, 20 moneywatch last night, pbs frontline ran a documentary entitled the retirement gamble. Retirement is big business in america, but is the system costing workers and retirees more than what theyre getting in return, asks frontline correspondent martin smith. Whether your ira or 401k will assure a safe retirement is largely a gamble. Pbs frontline the retirement gamble 20 documentary. Frontline investigates the man at the center of the political crime of the 20th century. Why the industry needs to accept some blame for flaws in. The retirement gamble facing us all frontline pbs pbs. Frontline explores and illuminates the critical issues of our times from business and health to social issues, politics and war.
The retirement gamble by frontline pbs free listening. Retirement ceremony program created for master sergeant john olmstead. In the pension gamble, frontline investigates the role of state. The retirement gamble available in dvd ship this item temporarily out of stock online buy online, pick up in store is currently unavailable, but this item may be available for instore purchase. Jul 08, 20 the pbs program frontline recently aired a documentary called the retirement gamble that cast the entire financial services industry in a negative light, leveling especially harsh criticism at. The piece investigates the financialization of retirement savings via 401ktype accounts and the resulting erosion of an individuals ability to retire.
On april 23, 30 pbs frontline program ran a documentary called the retirement gamble. The film questions who has the consumers best interests in mind, and whether there is a better way to manage our retirements. They are not wrong that we should be doing something. And, if some of the retirement gamble looked familiar, thats because it was.
Frontline tv series the retirement gamble 20 company credits. Sell stock photos, videos, vectors online adobe stock. Ive recently acquired a job in the industry with no background knowledge of how the us economy came to be where it is today and no understanding of each market crash. On top of that, we are living longer, and health care costs.
One in three americans has no retirement savings at all. Joelk75 my job is to provide investment advice to tens of thousands of busy professionals, so ill admit to finding all talk of retirement. So you can consider it a primer on stable, retirement funding. Apr 23, 20 watch fulllength episodes of pbs documentary series frontline for free. Ten trillion dollars in americans retirement savings are invested in large and small accounts managed by banks, brokerages, mutual funds, and insurance companies. In his excellent frontline documentary airing tuesday, april 23, on pbs, the retirement gamble check local listings, smith, 64, says. Pbs frontline documentary retirement gamble wins emmy. Continue reading gsc collaboration with pocketpills set to spark ongoing digital. But whether your ira or 401k will assure a safe retirement is largely a gamble. Watch fulllength episodes of pbs documentary series frontline for free. You cant start work when youre 20 or 22 and decide to get serious about this in your 40s. Pbs frontlines the retirement gamble got 401ks right.
How retirement fees cost you the retirement gamble. The retirement gamble raises troubling questions about how americas financial institutions protect our retirement savings. Substitutes kelly educational staffing shelby county schools. The retirement gamble dvd,the retirement gamble reveals how fees, selfdealing, and kickbacks bring great profits to wall street while imperiling the prospects of a secure future for individuals. Gsc announces retirement of chairperson sherry peister. In a few rare cases, such as a blog post by vanguard, the. The retirement gamble raises troubling questions about how americas. Just click the edit page button at the bottom of the page or learn more in the company credits submission guide.
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