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The Retirement Gamble | FRONTLINE | PBS
At about an hour, it's worth the watch. Most of it you will already know - things were better/simpler/more stable in the golden age of pensions (fueled by...?); fees in MFs and 401ks are hidden and higher than most are even aware of (properly structured CA LI shows what all-in expense-ratios over the life of the policy...?); 401k's origins in executive benefit plans not so efficient with the masses; sleazy annuity salespeople 'guarantee' high rates and/or do not disclose the risks or fees (and/or do not act in a suitable manner); most employees approaching retirement age are grossly under-funded; so forth and so on.
Watch the execs of large fund institutions wiggle with even the simplest of questions in regards to fiduciary responsibility or equity-indexing winning the long game of gains (tortoise meet hare).
If only there were a viable alternative - let alone even a supplement - to traditional retirement funding in qualified accounts or gambling in mutual funds. Nay, better if it could also offer superior tax treatment and some sort of benefit to the living or deceased's heirs....
At about an hour, it's worth the watch. Most of it you will already know - things were better/simpler/more stable in the golden age of pensions (fueled by...?); fees in MFs and 401ks are hidden and higher than most are even aware of (properly structured CA LI shows what all-in expense-ratios over the life of the policy...?); 401k's origins in executive benefit plans not so efficient with the masses; sleazy annuity salespeople 'guarantee' high rates and/or do not disclose the risks or fees (and/or do not act in a suitable manner); most employees approaching retirement age are grossly under-funded; so forth and so on.
Watch the execs of large fund institutions wiggle with even the simplest of questions in regards to fiduciary responsibility or equity-indexing winning the long game of gains (tortoise meet hare).
If only there were a viable alternative - let alone even a supplement - to traditional retirement funding in qualified accounts or gambling in mutual funds. Nay, better if it could also offer superior tax treatment and some sort of benefit to the living or deceased's heirs....
