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If you currently participate in a company 401k plan or even if you have an old 401k account sitting with a previous employer, PBS’ new documentary “The Retirement Gamble” could have you second-guessing whether your 401k account is a benefit to you or to the mutual fund industry. From high fees, to broker kickbacks, to underperformance – this documentary takes a candid look at how mutual funds made their way into your 401k and more importantly, it examines the potential negative impact these funds can have on your retirement. At The ETF Store, we believe that low cost, index-based ETFs are the best way to build an investment portfolio and we receive no kickbacks for using these ETFs. We simply select what we believe to be the best ETF for the asset class we want exposure to. Unfortunately, 401k plan participants are, often times, stuck with high cost, actively managed mutual funds that pay a nice commission to the broker who sold them to your plan. On our most recent radio show, we discussed PBS’ new documentary in detail and explained why it’s critical that you understand exactly what you’re getting from your 401k. Watch the full documentary below – and thank us later.
