Jeff Lerner | Who Stole My Pension? How You Can Stop the Looting

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

by Robert Kiyosaki, Edward Siedle

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In the United States alone, it is estimated that there are more than 50 million pensioners. Similar to the United States, Japan, Germany, Italy, Germany, and many other countries around world, there are huge problems with their pension funds. Who stole my pension? This guide was created to provide them with guidance, resources and tools that will allow them to take action and stop the looting. The greatest retirement crisis in history, and indeed the entire world, is just beginning. The World Health Organization predicts that nearly two billion people will be older than 60 by 2050. This is more than three times the number of people who were over 60 in 2000. No one has ever seen more senior citizens on Earth, for better or worse. There is one thing certain. Certain: You can't do nothing, and that includes sitting back, confident that your pension check will arrive in the mail. This is a risk you cannot afford to take. Edward Siedle is an ex-attorney with the United States Securities and Exchange Commission and America’s foremost expert on pension theft. "In the coming decades, we will see hundreds of millions of older people, including America’s Baby Boomers, slip into poverty.

Too old to work and too poor to retire is the new normal for many older people. Kiyosaki, like Siedle, also sees this crisis as a looming threat years ago. He provides strategies to help retirees take control of their finances, not only their pensions. Kiyosaki wrote about his father, who he called his "poor dad" and was highly educated until he lost his job. His paycheck, as well as his pension. Kiyosaki says that his father's PHD could not save him. He has dedicated his entire life to financial literacy advocacy and teaching. Who Stole My Pension? The pension crisis' most fundamental and overlooked cause is mismanagement of investments and pensions. Wall Street is where the culprits are. Wall Street casinos charge high fees to gamble in risky hedge funds, other speculative investments and outrageous conflicts of interest within the investment industry. Who stole my pension? This is a comprehensive assessment of the current pension crisis and what millions of people around the globe--employees expecting to receive pension income at retirement- CAN do about it. They recount the history of pension frauds, inexperienced boards and looting, as well as other horror stories. The focus is on what workers and retirees can do to quickly identify if a pension has been mismanaged and the steps they can take that will end decades of poor pension management. The authors provide guidance on how to answer the critical questions that retirees may have and offer suggestions for what to do next.