John Oliver again tackled personal finance on his HBO show Last Week Tonight, this time exploring retirement savings. (He previously covered credit reports.) Here is the full video link, embedded below:
It is truly hard to present this stuff in an entertaining manner, so I was interested to see how they would approach things and who’d they pick on. It’s not bad considering it runs 20 minutes – quite long for an internet video. If you skip to roughly the 17:55 mark, you’ll get the best bits – a satirical reply to widely-promoted Prudential commercials (one, two) and his top 5 retirement savings tips:
- Start saving now.
- Invest in low-cost index funds.
- Ask if your adviser is a fiduciary.
- As you get older, gradually switch some of your stocks into bonds.
- Keep your fees under 1%.
Nothing new to most financially-savvy folks, but hopefully it helps steer some people in the right direction.