401(K) Road Trip: A Finance Guy Rides To The Rescue Of Retirement
june 25, 2012
Sometimes the freedom of the open highway, the adrenaline rush of a road trip, can be just the cure for ills of the spirit.
But how about the ills of the pocketbook?
With our hopes for Social Security dwindling and our retirement prospects looking dismal, if a cure for the financial ailments of the over-65 set is to be found on the road at all, it may require a full-on cross-country expedition.
Chad Parks, CEO and founder of The Online 401(k), is taking that drive.
On April 16, Parks and his team set out for six weeks in an orange 1970s VW bus, on a mission to shoot a documentary about Americans' soured retirement dreams and 401(k) miscues: Broken Eggs: The Looming Retirement Crisis in America. They'll also be hunting for solutions to the crisis-ideas for how we can successfully navigate our way to a comfortable retirement. The film's tag line: "Because you can't live on a gold watch."
The team is conducting interviews about retirement with everyday people at each stop on its drive from California, through Nevada, south to Oklahoma and Texas, east, and then up the Mississippi River for a stretch, and then over to Washington, D.C., and New York.They'll hold conversations in local bars and fairs, downtowns and city halls, public parks and private homes.
Parks describes his rag-tag excavation of how America feels about retirement as "MTV-style Road Rules meets TBS drama."