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Who Stole My Pension?: How You Can Stop the Looting

Who Stole My Pension?: How You Can Stop the Looting

by Robert T. Kiyosaki, Edward Siedle
Who Stole My Pension?: How You Can Stop the Looting

Who Stole My Pension?: How You Can Stop the Looting

by Robert T. Kiyosaki, Edward Siedle

Overview

It’s estimated that there are over 50 million pensioners—in the United States alone. Like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in big trouble when it comes to the solvency of their pension funds. Who Stole My Pension? was written to give them guidance, resources, and tools so they can take action… and stop the looting. We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world. According to the World Health Organization, nearly two billion people around the world are expected to be over age 60 by 2050, a figure that’s more than triple what it was in 2000. For better or for worse, never before have there been more elderly people living on planet Earth. One thing is. certain: Doing nothing—sitting back, confident your pension check is “in the mail”—is not an option. That’s a risk you can’t afford to take. According to Edward Siedle, a former attorney with the United States Securities and Exchange Commission and America’s leading expert in pension looting, “In the decades to come, we will witness hundreds of millions of elders worldwide, including America’s Baby Boomers, slipping into poverty. Too frail to work, too poor to retire will become the “new normal” for many of the aged.” Kiyosaki, who like Siedle saw this crisis looming years ago, complements the facts and stats Siedle puts forth with strategies on how retirees can take control—not only their pensions, but their financial futures. Kiyosaki writes about the fact that his father, a highly educated man he calls his poor dad, wasn’t poor until he lost his job, his paycheck—and his pension. “His PHD couldn’t save him,” says Kiyosaki, who has dedicated his life to teaching and financial literacy advocacy. In Who Stole My Pension? the authors focus on the most misunderstood and ignored cause of the pension crisis: mismanagement of pensions and investments. The culprits that are looting the pensions of public school teachers, firefighters, police, as well as private sector workers, are on Wall Street. The Wall Street casinos charging high fees for gambling in risky hedge funds and other speculative investments, outrageous investment-industry conflicts of interest, and outright violations of the law. Who Stole My Pension? is an in-depth assessment of the pension crisis that the world is facing today and what millions around the world—employees who expected to have pension income at retirement—can do about it. The authors recount a history of pension failures, inexperienced boards, gambling, looting and other horror stories—with a focus on action steps workers and retirees can take to quickly determine if a pension is being mismanaged as well as the concrete steps they can take to end decades of pension mismanagement. They detail critical questions retirees can ask—and guidance regarding how to act on what they learn.

Product Details

ISBN-13: 9781612681030
Publisher: Plata Publishing, LLC.
Publication date: 01/14/2020
Pages: 240
Sales rank: 191,936
Product dimensions: 5.90(w) x 8.90(h) x 1.00(d)

About the Author

About The Author
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad―the #1 personal finance book of all time. He has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.

Robert Kiyosaki is best known as the author of Rich Dad Poor Dad―the #1 personal finance book of all time. He has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.

Robert Kiyosaki is best known as the author of Rich Dad Poor Dad―the #1 personal finance book of all time. He has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.

Edward “Ted” Siedle is a widely-read writer for Forbes, a former attorney with the United States Securities and Exchange Commission, and America’s leading expert in pension looting. He has spent more than three decades forensically investigating over $1 trillion in retirement plans. In 2018, Ted secured the largest CFTC whistleblower award in history—$30 million—and in 2017, the largest SEC whistleblower award of $48 million. Siedle was named as one of the 40 most influential people in the U.S. pension debate by Institutional Investor magazine for 2014 and 2015.

Hometown:

Phoenix, Arizona

Date of Birth:

April 8, 1947

Place of Birth:

Honolulu, Hawaii

Education:

B.S., U.S. Merchant Marine Academy

Website:

http://www.richdad.com

Table of Contents

Chapter 1

Siedle - A Teenager Focused on Pensions and Retirement Plans? 1

Kiyosaki - Why My Poor Dad Was Poor 5

Chapter 2

Siedle - Welcome to the Greatest Retirement Crisis in the History of the World 15

Kiyosaki - Old Guys Getting Older 19

Chapter 3

Siedle - Who's to Blame for the Retirement Crisis? 29

Kiyosaki - GRUNCH: Gross Universal Cash Heist 34

Chapter 4

Siedle - When Pensions Break Their Promises to Workers 43

Kiyosaki - Hungry Dogs 47

Chapter 5

Siedle - Why Governments Do Not Want Pension Failures Investigated 53

Kiyosaki - Pilots and Pensions 57

Chapter 6

Siedle - Every Dead Pension Deserves an Autopsy 61

Kiyosaki - Thieves with College Degrees 65

Chapter 7

Siedle - Simple Truths: Understanding Pensions 69

Kiyosaki - Boomers: From Boom to Bust 74

Chapter 8

Siedie - Your Pension Is Being Mismanaged: Gross Malpractice Generally Practiced 83

Kiyosaki - Central Planning vs. Central Banking 87

Chapter 9

Siedle - The People Overseeing Your Pension Lack Investment Experience 99

Kiyosaki - Shadow Banking 102

Chapter 10

Siedle-Your Pension Overseers Think They're Smarter than Warren Buffett-and They're Not 107

Kiyosaki - The Parasite Class 111

Chapter 11

Siedle - Why Foreigners Come to America to Learn About Their Pensions 119

Kiyosaki - Liars, Cheaters and Thieves 123

Chapter 12

Siedle - Getting Information About Your Pension 129

Kiyosaki - Beat the Fed-at Its Own Game 133

Chapter 13

Siedle - Your Pension Is Becoming Less Transparent 145

Kiyosaki - What Did School Teach You About Money? 150

Chapter 14

Siedle - Your Pension Is Gambling More Than Ever-and Lying About It 157

Kiyosaki - Do You Know a Secret? 160

Chapter 15

Siedle - Why You Should Beware of Alternative Investment Secret Looting 165

Kiyosaki - Insider Trading 171

Chapter 16

Siedle - Why You Need to Know the Investment Fees Your Pension Pays 179

Kiyosaki - The Ponzi Scheme: Stealing from our Children 185

Chapter 17

Siedle - Your Pension Is Lying About its Investment Fees 195

Kiyosaki - The Coming Depression 199

Chapter 18

Siedle - Your Pension Is Lying About Its Investment Performance 205

Kiyosaki - The Three Little Pigs 209

Chapter 19

Siedle - Your Pension Is Lying About Whether It Has Enough Money to Pay You 219

Kiyosaki - The Gold Standard: A House of Bricks 223

Chapter 20

Siedle -Your Pension ts Not Fully Protected Under Law or by Law Enforcement 229

Kiyosaki - infinite Returns: Print Your Own Money 233

Chapter 21

Siedle - Your Pension May Never Have Been Audited 241

Kiyosaki - The Future of Money 244

Chapter 22

Join Others to "Crowdfund" an Investigation of Your Pension 255

Chapter 23

Join the Global Stop Pension Looting Network 259

References and Resources

Trifecta of Imprudence: Forensic Investigation of "Critical and Declining" New York State Teamsters Pension Fund Benchmark Financial Services - December 2016 263

Sovereign Wealth Funds Embrace Grass Malpractice Generally Practiced Edward Siedle 279

CalPERS-America's Largest Public Pension-Is Not a Role Model Edward Siedle 283

"It's a Trap!": The "Why" Behind the Pension Crisis by Phoenix City Councilman Sal DiCiccio 287

The Pension Crisis Is Here by John MacGregor, CFP® 295

About the Authors 299

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