Frontline: Totally Legal Retirement Scams. "We're #1"

Planning to retire one day? Then you won’t want to miss FRONTLINE’s The Retirement Gamble tonight at 10 p.m. on PBS (check local listings). It’s an eye-opening investigation of a financial services industry that may be draining your retirement savings with every passing year. What we found will surprise you: - Over the course of a lifetime, a seemingly low annual fee of 2 percent can reduce what your 401(k) balance would have been by more than 60 percent—potentially adding years to your working life; - On any given street, one household may be paying 10 times as much to invest in a 401(k) as the household next door; and - Many financial advisers are not actually required to provide advice that is in your best interest.  And that's just the beginning.  Tune in tonight as FRONTLINE producer Marcela Gaviria and correspondentMartin Smith (The Untouchables; Money, Power and Wall Street) help you understand what's happening to your retirement money -- and, most importantly, the questions you need to ask before investing it.  Andrew Golis  Director of Digital P.S. As always, you can join us for live-tweeting during the broadcast with #Frontline.