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.
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