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.
