When it comes to smart financial advice, comedian John Oliver seems to be on a roll.
Following up last week's medical debt investigation that went viral, "Last Week Tonight" turned its attention Sunday to retirement plans. With an estimated $24 trillion in retirement assets, Oliver said, 401(k) plans and other retirement accounts are a potential gold mine for financial services firms.
Oliver called out three problems in particular hurting consumers: Financial analysts that aren't required to work in clients' best interests, high fees that compound over time, and under performing actively managed funds.
"The entire retirement plan industry is a potential minefield," he said in the segment. "You need to pay attention."