The Retirement Gamble: Are 401(k) Fees Fair?04/23/13 Robert Lorei
Radioactivity: Live Call-In (Tuesday) | Listen to this entire show:
Good morning, welcome to Radioactivity. Tonight on PBS a new documentary looks at how 401(k)s are doing more to enrich Wall Street than workers who are using them to save for retirement.
But first- one listener comment about yesterdayâ€™s programâ€”on which we discussed a forum on US Cuba relations that will take place in Tampa tomorrow.
Hereâ€™s what one listener had to say:
For most Americans, traditional retirement is now a pipe dream: Six in 10 people believe they'll have to delay retirement, just 14 percent are very confident they'll be able to live comfortably once they stop working, and 17 percent believe they'll never retire at all.
Who is to blame?
The Retirement Gamble, airing tonight on PBS stations around the country- including WEDU in Tampa---looks at how the financial services industry might be draining your retirement savings with every passing year. We're joined now by Martin Smith who is the correspondent on tonight's Frontline program.