Who Stole My Pension?: How You Can Stop the Looting

Its estimated that there are over 50 million pensionersin 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 thats 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 nothingsitting back, confident your pension check is in the mailis not an option. Thats a risk you cant afford to take. According to Edward Siedle, a former attorney with the United States Securities and Exchange Commission and Americas leading expert in pension looting, In the decades to come, we will witness hundreds of millions of elders worldwide, including Americas 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 controlnot only their pensions, but their financial futures. Kiyosaki writes about the fact that his father, a highly educated man he calls his poor dad, wasnt poor until he lost his job, his paycheckand his pension. His PHD couldnt 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 worldemployees who expected to have pension income at retirementcan do about it. The authors recount a history of pension failures, inexperienced boards, gambling, looting and other horror storieswith 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 askand guidance regarding how to act on what they learn.