Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.

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https://www.youtube.com/watch?v=gvZSpET11ZY

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81 Comments

    1. Mordant221 I’m on it. I may only be 16, but I have dedicated my life to making this happen. And don’t worry about the cost, I will ensure that it is relatively afforable.

  1. With all due respect to John Oliver, but when I’m ready to plan my retirement, there’s no way I’m gonna go back and start watching the video at that exact spot. I’m gonna watch the entire video again, cuz it’s great!

  2. +LastWeekTonight Thank you for this video. It is so true that 401k providers charge you ridiculous fees when using their active funds and they almost never beat the index funds. We all have to be careful because if you did not choose your 401 allocation manually they will enroll you automatically in these managed funds. In the other hand index funds like the S&P 500 are almost always an option when choosing where to allocate your 401k savings in most providers and these index funds have very little fees. However, Index funds like the S&P 500 can have different names among 401k providers. Maybe they try to hide it as much as they can. So we just have to look for something like “Large Blend Index” or in an other case it was called “Spartan 500” to properly choose an index fund that will benefit our personal 401k plan and not the provider.

  3. Just a german passing by finding it wiered how US does nothing to protect its people from being stupid. It should be illegal to use stupid people for profit….because they are most volunerable to stuff like that. I guess people with money do not have a problem with that.

    1. It’s actually the real thing Trump is talking about when he says Make America Great Again. The more “great” it is, the more people he scams out of their money.

    2. Blue Sky Definitely come here to go to university! But be careful with the state (“Bundesland” in German) – for example Baden-Württemberg has much higher fees for foreign students than other States.

    1. Ah, yes, and Geoffrey Budworth sounds like a fun person to party with.

      “There is no substitute for a properly made whipping.”

    2. Cajer 1618
      There are 2 types of people in this world,
      People who are weirdos when they’re high
      &
      People who are just weirdos!

      Lmao! #WikiRope!

    1. Henry M.
      Police officers for an occupying force, and women and children who live where Irish used to until they were murdered.

      It’s a shitty situation and the English/Scottish settlers don’t have the moral high ground.

    2. FraggingBard I didn’t say they did, but neither do the IRA. You lose the moral high ground, and any sympathy, when you murder people and resort to terrorism. It wasn’t just English or Scots they killed, fellow Irishmen died in those attacks, too.

    1. Anardo, start Googling “Financial Independence Retire Early FIRE” and find blogs like Mr. Money Mustache, Early Retirement Now, Go Curry Cracker, etc. It CAN be done.

  4. As a person who works in the pensions industry as an actuary, the video at the end is surprisingly solid advice that we keep trying to make people to follow. This is the one episode I actually have extensive knowledge about and I must day I’m impressed with the LWT team’s research.

  5. His comment about the regulation requiring ‘financial advisers’ to act as fiduciaries – that is, to put their clients’ interest ahead of their own – is kind of depressing now: it was one of the first of Obama’s executive orders overturned by President Trump.

    1. I recommend Chile, Uruguay or Costa Rica. Sure these countries might be the most expensive in Latin America, but political and economic stability and safety come at a price.

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