The Retirement Gamble: PBS and Frontline Documentary Review | Dr. David Phelps

"There has never been a generation yet that has been able to fully retire from a 401(k) or a retirement plan alone.”

In 2013, PBS produced a documentary titled The Retirement Gamble. It contained some fascinating insights into issues that have largely gone ignored by the financial industry to this day, over a decade later. Here are a few highlights as well as some of my expanded thoughts on the 401(k) retirement model issues. Read more at: https://www.freedomfounders.com/blog/the-retirement-gamble-pbs-and-frontline-documentary-review/

Timecodes:
00:00 - Intro
01:11 - 401(k)s fees are crippling your returns and making Wall Street rich
01:53 - The main problem is most are not financially literate
04:17 - Don't follow the crowd - retirement plans are not worth it
07:16 - Investing vs Speculating
09:15 - The birth of 401(k)s and how Wall Street makes their money
11:09 - Outro

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