Comments by "cato" (@cato451) on "The Retirement Gamble (full documentary) | FRONTLINE" video.

  1. The term “retirement crisis” always makes me laugh. There is no crisis. The 401K is an amazing tool. High fees? Look for the indexing options. Hold your company accountable or go somewhere that is. John Bogle is heroic. Risk management is not complex. Most Americans over-consume and never live on a budget. Live debt free and the risk is very remote. How about that story? My mother and her husband retired at age 62 with a net worth of only $100k and social security. They have done just fine for 25 years. Budgeting works, indexing works. Good expose on the insidious financial planning and active mutual fund industrial theft complex.
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