The Retirement Gamble

FRONTLINE: Film Audio Track | PBS

FRONTLINE

Pbs, Tv & Film, Wgbh, Documentaries, Frontline

4.8 • 2.3K Ratings

🗓️ 29 April 2013

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

An audio version of FRONTLINE's documentary "The Retirement Gamble" airing April 23, 2013 on PBS and available for viewing online at pbs.org/frontline. Ten trillion 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. Building off reporting from the groundbreaking special Money, Power and Wall Street, FRONTLINE raises troubling questions about how America's financial institutions protect our savings. The Retirement Gamble reveals how fees, self-dealing, and kickbacks bring great profits to Wall Street while imperiling the prospects of a secure future for individuals. The film questions who has the consumer's best interests in mind, and whether there is a better way to manage our retirements.

Transcript

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0:00.0	This is an audio cast of the Frontline Program,
0:03.0	The Retirement Gamble, broadcast April 23rd on PBS.
0:08.0	Tonight on Frontline, America's retirement crisis.
0:28.0	It's tough to really worry about retirement right now.
0:31.0	I guess Plan B would be to keep working.
0:34.0	My retirement plan is fingers crossed and pray basically.
0:38.0	Even if you have a 401k or IRA,
0:42.0	will you have the money you need to retire?
0:45.0	If you make 100,000 euro, you need 1.5 million to be okay.
0:49.0	A lot of 401k programs are lousy.
0:52.0	You put up 100% of the capital, you take 100% of the risk and you get 30% of the return.
0:57.0	Correspondent Mark and Smith investigates.
0:59.0	Make it simple.
1:00.0	That's a question that can only be answered on what your risk appetite is.
1:04.0	If you don't want.
1:05.0	If this isn't making it simple.
1:06.0	Well, I wish it was simple.
1:09.0	If you want to gamble with your retirement money, be my guest.
1:15.0	Tonight on Frontline, The Retirement Gamble.
1:27.0	Frontline is made possible by contributions to your PBS station from viewers like you.
1:33.0	Thank you.
1:35.0	And by the Corporation for Public Broadcasting.
	...

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