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.
