Retirement fund giant, CALPERS, voted in early November to use borrowed money and alternative assets to meet its investment-return target, even after lowering that target just a few months ago. Today’s guests discuss what this means for retirees depending on their pension for their financial future.
New York Times reported, “The move by the $495 billion California Public Employees’ Retirement System reflects the dimming prospects for safe publicly traded investments by households and institutions alike and sets a tone for increased risk-taking by pension funds around the country.”
Ted Siedle, the co-author of “Who Stole My Pension” says, “These state and local pensions are refusing to give participants in the fund and taxpayers a prospectus on the fund. The money is all secret.”
John MacGregor, Author of the book “The Top 10 Reasons the Rich Go Broke” and a Certified Financial Planner says, “With this shortfall, we’ve got 10,000 people hitting retirement every single day, these states are heading for a pension crisis.”
Host Robert Kiyosaki and guests Ted Siedle and John MacGregor discuss the number one problem facing retirees today, and what you can do about it.
#robertkiyosaki #financialeducation #whostolemypension
Facebook: @RobertKiyosaki
Twitter: @TheRealKiyosaki
Instagram: @TheRealKiyosaki
…(read more)
LEARN MORE ABOUT: Retirement Annuities
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Robert is so right i once had an uncle who was a government pilot he was "very rich" then one day the airline industry went "bust! " and boom he lost his income + pension and later died very very poor with kidney failure in the hospital. So guys "who stole my pension " is one of the most powerful books you should read am telling you.
still waiting for that depression
This speech is worth lesson for a lifetime❤️. The secret to wealth is simple; you’ve got to start taking steps to achieve your goal.
Andrew Tate is also on Rumble. Invite him in podcast.
Live alam ko
Gusto ko malaman ang toto San Ako punta. Hd Ako maligaw pa
Ang hirap pd umalis NGA db pero ung tao iwan mo panu na Buhay Niya hd Naman Po Ako Tanga tao na aalis na walang iiwan sa kanila kc sinabi ko sa Inyo pd Naman online live nalang Po niyo sasagot Ako
San Ako kayo makuntak Po tawag Po k.u para alam k Po kc mahirap mang hula Maya Mali nanaman ung papasukin ko maligaw Ako ulit katulad kahapon
Hd k na Po kc dalin to cp hd Po akin to
Gotham city in real life!
Thank Ted and Robert for writing who stole my pension
Can you provide evidence to the claims you make in terms of the border and people smuggling? The more I listen to you the more I’m convinced your opinion is highly biased, you support the rich and say things that would benefit you.
Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
Hyungjin Sean Moon = 2nd KING
I love when Robert rants on the snowflakes. Gives me a warm fuzzy feeling.
MEOW says… There is H O P E – TRUMP fixes our economy & ELON fixes our democracies. YUP – GET BACK TO THE BASICS. MEOW,Truth-seeker
MEOW says… Robert is truthful. Trudolf & BYBYdon spent our pensions on junk. I'm 77 yr old, gone back to working business, so I can survive in 2025, w. NO PENSION. MEOW, Truth-seeker
Fed Emp with TSP Plan. It is a crap shoot. If you call TSP for help they will not give you any info.
It was Alec Baldwin who shot someone "by accident" on set…
The way people talk about crypto trading is profitable, please can someone help me on the right path
sad bots
George – what's draining men's money more than anything else?
Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!
I retired at 48 due to Lisa Jill Grenell's success with my investments and on my way to FINANCIAL FREEDOM. now I'm ready to venture into the stock market in this month
"It takes a wise person to know how to make a lot of money, but it takes an even wiser person to know when to stop" Prof R Maynard Oxford 1995
If you are 75 Robert go out and enjoy yourself. As you already own $$$Millions, what is the point in investing even more. Go out, spend and enjoy yourself, while you can.
Thank you.
Should I use my 401(k) to purchase a property
There is no retirement……..the vaxx is 666 Mr O is the anti-Christ. The fruit-loops are trying to start ww3 with Russia. WAkE UP
every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.
I have read John MacGregor's book I was so shocked at the stories, just couldn't believe it. I would like to thank John for writing the book. I try explaining this to my family but they don't listen. It frustrates because I see the struggle when your on a pension you can't live a vibrant life and you become subservient to money. Robert said a very good quote in Rich Dad Poor Dad, don't let money run you. I see a lot of old people working in retail and customer service jobs, I just don't understand why when you could be enjoying time.Thanks Robert and Kim for your wisdom and brilliant insight into the economy.
I got guts and that’s why I listen to Rich dad radio!
Lol
Pick up a third job ya’ll.
Is that what 75k will get those teachers.
Careful who you give money to folks.
You look really really young! For a 75 y/o! Wow! Amazing! Now can you tell me how you look so young!??
I love how honest Robert is!! Could you please talk about using WHOOE life cash value Life insurance as a retirement plan? I’m 23 and I’m about to join the work force making over 70k a year. Is it a good way to start?
…"I don.r have the crystal ball" but I should have coppied right it or cryptoblock chained it right ahead at that moment
I don.t have the crystal ball ,however I experienced most of what you say
but., couldn.t see it
Now i can see what you say without a crystal ball ,
so I protect my capital from the "hope" to be rich when a country institutions,banks even marine animals (i mean…whales and all kind of them shrimps,crabs ,octopus..
.and so on)are dumping my hope to become an…
Sperm whale!
Bitcoin has its function if you have another colateral
That itcould be earth to healthy alimentary industry
Thanks for existing
Kiyosakis(Robert and kim)
As an 82 year old retired man with an 41 year old Filapina wife. a nurse, called Hope that is a good retirement plan
We are Saved by Grace Through FAITH NOT WORKS. Salvation is a free gift from GOD given to those all who will believe JESUS CHRIST DIED AS A SALVATION LAMB for our sins by the BLOOD OF JESUS HIS BLOOD CLEANSES OR SINS
(HEADS UP FOR CATHOLICS)
Thats exactly why your good old buddy Donald Trump ran. To pick your pocket. Funny how Robert leaves all that out when he talks about his good old buddy Donald J Trump. Why is that? The most crooked adminastration in history but he has nothing but good things to say about his good old buddy Donald. Maybe because Donald was out in the open that he was a crook or he is just a big hippocrite.
Our Government judicial system needs to be overhauled. To take down financial criminals.
The world is a scary place now
THUMBS DOWN: please coach your guest to use a headset for better audio. I’m out in under seven minutes.
Just finding your work , Robert. Thank you!