This is later discussed in the video as Robert Hilltop discovers hidden fees in his 401k plan and questions their purpose. Furthermore, CEO of The Vanguard Group (1974-1996), John Bogle, shows that mathematically if someone puts in 100% of the capital, they end up only getting 30% returned as a result of a 2% fee. Honestly, this is frightening because it is essentially robbery played out by large companies. I think this video does a sufficient job of warning individuals about retirement plans but overall the video is rather pessimistic (although I can't argue that there is something positive about losing money). It is devastating to hear even the Assistant Secretary of Labor state that, "We have a system today where anybody can hold themselves out as an expert. They call themselves retirement planners, financial planners, advisors, et cetera. We don't have a standard way that the consumer can figure out who has the expertise to provide advice" because it only exemplifies how we can only truly trust ourselves, especially with regards to money or
This is later discussed in the video as Robert Hilltop discovers hidden fees in his 401k plan and questions their purpose. Furthermore, CEO of The Vanguard Group (1974-1996), John Bogle, shows that mathematically if someone puts in 100% of the capital, they end up only getting 30% returned as a result of a 2% fee. Honestly, this is frightening because it is essentially robbery played out by large companies. I think this video does a sufficient job of warning individuals about retirement plans but overall the video is rather pessimistic (although I can't argue that there is something positive about losing money). It is devastating to hear even the Assistant Secretary of Labor state that, "We have a system today where anybody can hold themselves out as an expert. They call themselves retirement planners, financial planners, advisors, et cetera. We don't have a standard way that the consumer can figure out who has the expertise to provide advice" because it only exemplifies how we can only truly trust ourselves, especially with regards to money or