After PBS aired a documentary on Tuesday, "The Retirement Gamble," some industry organizations were quick to respond to the claims made by the latest broadcast from the Frontline series.
The documentary covers topics like the shift from defined benefit plans to defined contribution plans, how fees affect account balances, and the benefits of index investing. Correspondent Martin Smith spoke to big-name commenters like Phyllis Borzi; Vanguard founder John Bogle; Helaine Olen, author of "Pound Foolish"; Jason Zweig, a columnist for The Wall Street Journal; Christine Marcks, president of Prudential Retirement; and Zvi Bodie, an economist at Boston University, as well as regular investors speaking about their experiences with retirement planning.
Brian Graff, executive director and CEO of The American Society of Pension Professionals & Actuaries, issued a statement on Wednesday saying the documentary "conveniently ignores" how difficult it is to make workers into savers.
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