The Retirement Crisis Balloons

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Manage episode 341104237 series 2394535
By Robert Kiyosaki. 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.
According to Bloomberg, “New York City’s pension costs will rise by about $6 billion over the next three fiscal years as high inflation and fears of a recession have hammered the city’s retirement plans.” Today’s guest explains how this could have prevented if with proper planning and oversight.
Ted Siedle, co-author of “Who Stole My Pension” says, “When the American or your state pension says they lost 6%, that’s not true. The number is probably double or triple that.”
CALpers, the largest government pension in the United States, which used to be known as the best-run pension in the U.S. has been faced with scandal and controversy. It’s no longer the gold-standard for anything. Siedle says, “It’s the gold standard for mis-behavior.”
Host Robert Kiyosaki and guest Ted Siedle discuss the ballooning pension crisis and what that means for future generations.

416 episodes