Are You Losing the Retirement Gamble? Live Chat


April 23, 2013

For most Americans, traditional retirement is now a pipe dream. Six in 10 believe they’ll have to delay retirement. Yet, the financial services industry is making billions of dollars a year managing the funds we still have.

What’s going on? And who’s to blame?

In The Retirement Gamble, FRONTLINE correspondent Martin Smith investigates what happened to retirement in America and the role that financial services companies may be playing in draining your savings, year after year.

Through interviews with Wall Street executives at the helm of the mutual fund industry and former financial advisers who may or may not have their clients’ best interests at heart, Smith traces the remarkable rise of the 401(k)—a product Americans buy without knowing its true cost.

How much, exactly, are Americans paying in fees for their 401(k) accounts — and what are they getting in return? What happened to retirement in America — where did pensions go? And what are some of the biggest misconceptions consumers have about retirement?  What do we need to know?

We’ve asked Martin Smith and producer Marcela Gaviria to join us to take these questions — and answer yours.

We’ll also be joined by leading 401(k) expert Robert Hiltonsmith, a policy analyst at Demos who is interviewed in the film. Our guest questioner is Penny Wang, a writer and editor at Money, where she writes a monthly mutual fund column, Fund Watch.

Next Avenue senior editor Richard Eisenberg will also be dropping by to ask questions and offer commentary.

We’d like to thank Money and Next Avenue for partnering with us on this chat.

You can leave a question in the chat window below, and come by at 2 p.m. ET on Wed., April 24 to join the live discussion.

In order to foster a civil and literate discussion that respects all participants, FRONTLINE has the following guidelines for commentary. By submitting comments here, you are consenting to these rules:

Readers' comments that include profanity, obscenity, personal attacks, harassment, or are defamatory, sexist, racist, violate a third party's right to privacy, or are otherwise inappropriate, will be removed. Entries that are unsigned or are "signed" by someone other than the actual author will be removed. We reserve the right to not post comments that are more than 400 words. We will take steps to block users who repeatedly violate our commenting rules, terms of use, or privacy policies. You are fully responsible for your comments.

blog comments powered by Disqus

More Stories

As the U.S. Crosses 500,000 Deaths from COVID-19, These 9 Documentaries Offer Context
These nine FRONTLINE films help explain how we reached this point.
February 22, 2021
As the U.S. Rejoins the Paris Climate Agreement, Revisit FRONTLINE’s Recent Climate Reporting
These five projects illuminate the science, politics and impacts of climate change.
February 19, 2021
Iraqi Prime Minister Announces Arrests of “Death Squad” Linked to Activist Assassinations
The arrests were a rare sign of progress in an investigation critics say has moved too slowly, while the assassination squads operate with impunity — as reported in our recent documentary "Iraq's Assassins."
February 17, 2021
The Plastic Industry Is Growing During COVID. Recycling? Not So Much.
Unlike many sectors of the U.S. economy, plastic — an industry examined in the March 2020 documentary "Plastic Wars" — is increasing during COVID. But growth also means more waste in landfills.
February 17, 2021