Pension Time Bombs: Part 2 - The Massive Worldwide Crisis


Manage episode 255189805 series 2394535
By Derek Harju and The Rich Dad Radio Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Part two of the 5 Pension Time Bombs series dives deep into how the fifty percent of Americans relying on a pension (DC or DB) are at risk of losing their wealth due to the gross mismanagement of their funds.

Those that are looting the pensions of public-school teachers, firefighters, police, as well as private-sector workers, can be found on Wall Street. The Wall Street casinos are 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.

According to Ted 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.”

One thing is certain: Doing nothing―sitting back, confident your pension check is “in the mail” ―is not an option. It’s a risk you can’t afford to take.

Listen as Robert and Kim are joined by Ted Siedle and Andy Tanner to discuss the massive crisis about to come crashing down on millions of Americans, but more importantly, what you can do about it.

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257 episodes