Who stole my pension?

The number of retirees in the United States alone is estimated at over 50 million. Like the United States, the United Kingdom, Japan, Italy, Germany, and many other countries around the world are facing a major problem related to the solvency of their pension funds. "Who Stole My Pension?" was written to provide them with the guidance, resources, and tools to take action... and stop this plunder. We are in the early stages of the largest retirement crisis in our nation's history, indeed in the history of the world. According to the World Health Organization, the number of older people worldwide is expected to exceed 60 by 2050, a number more than triple what it was in 2000. For better or worse, the planet has never seen so many older people. One thing is certain: doing nothing—sitting back and knowing your pension is "in the mail"—is not an option. It's a risk you can't afford to take. According to Edward Seidel, a former U.S. Securities and Exchange Commission attorney and a leading American expert on pension fraud, “In the coming decades, we will see hundreds of millions of seniors worldwide, including America’s baby boomers, slip into poverty. Too weak to work and too poor to retire will become the ‘new normal’ for many seniors.” Kiyosaki, who, like Seidel, saw this crisis looming years ago, complements Seidel’s facts and statistics with strategies for empowering retirees to take control—not just of their pensions, but also of their financial futures. Kiyosaki writes about the fact that his father, a highly educated man whom he calls his “poor dad,” wasn’t poor until he lost his job, his paycheck, and his pension. “His Ph.D. didn’t save him,” says Kiyosaki, who has dedicated his life to teaching and advocating for financial literacy. In Who Stole My Pension? The authors focus on the most misunderstood and overlooked cause of the pension crisis: the mismanagement of pensions and investments. The culprits plundering the pensions of public school teachers, firefighters, and police, as well as private-sector workers, are on Wall Street. Wall Street casinos charge exorbitant fees for gambling in risky hedge funds and other speculative investments, in addition to egregious conflicts of interest within the investment industry and blatant violations of the law. "Who Stole My Pension?" provides an in-depth assessment of the pension crisis the world faces today and what millions of employees around the world—who expected to receive pension income upon retirement—can do about it. The authors recount a history of pension failures, inexperienced boards, gambling, looting, and other horror stories—focusing on the action steps workers and retirees can take to determine if a pension is being mismanaged, as well as the concrete steps they can take to end decades of pension mismanagement. They detail the critical questions retirees can ask and guidance on how to act on what they learn.