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

by Robert T. Kiyosaki, Edward Siedle

It’s estimated that there are over 50 million pensioners―in 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 that’s 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. Doing nothing―sitting back, confident your pension check is “in the mail”―is not an option. That’s a risk you can’t afford to take. According to Edward 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.” 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 control―not only their pensions, but their financial futures. Kiyosaki writes about the fact that his father, a highly educated man he calls his poor dad, wasn’t poor until he lost his job, his paycheck―and his pension. “His PHD couldn’t 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 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 world―employees who expected to have pension income at retirement―can do about it. The authors recount a history of pension failures, inexperienced boards, gambling, looting and other horror stories―with 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 ask―and guidance regarding how to act on what they learn.

Genres: Finance, Business, Money, Personal Finance, Nonfiction

240 pages, Paperback

Published January 14, 2020

About the author

Robert Toru Kiyosaki is an American businessman and author, known for the Rich Dad Poor Dad series of personal finance books. He is the founder of the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012.
Since 2010, Kiyosaki was the subject of a class action suit filed by people who attended his seminars, and the subject of investigative documentaries by the CBC, WTAE-TV and CBS News. In January 2024, Kiyosaki revealed that he was more than $1 billion dollars in debt.

Reviews

[Ietrio · Rating 1 out of 5]

A deeply immoral book by an equally immoral old man.

I am aware of Kiyosaki's god-like status in the self-help financial areas of the Internet. And the very basic ideas of the Rich Dad concepts are indeed valuable and concise. So far I have never read any of his books, only fast forwarded through some of his video material.

Oh, my gosh! The text is readable, and that is okay. And it is entirely pointless, meandering pretty much like Das Kapital. And the knowledge backing up the information is probably a bit more shallow than Marx' volume.

Sure, Kiyosaki has his hart in the right place. Or at least he poses so. Yet, why the populism? Yea. Actually, like Das Kapital, this is not a book in the conventional sense. This is an extended political candidate flyer. He says Vote me, you lazy boomers. And he is right, as they seem to ask for his advice coming from the same position that hired the said pension fund swindlers. Money for nothing. And just like the pension fund managers, Kiyosaki only makes empty promises, as money for nothing only the State can make.

I oscillated. I wanted to give the book two stars, for having a few good remarks. But one third into the text Kiyosaki loses his **** and starts peddling the anti-semitic crap of the 1930s Europe. And it turns out he is quite happy with having kings and aristocracy, as long as the king will limit the power of the Jews / banks.

What's even more disgusting is this old man, is taken as a guru by mostly young people. And through his pension schemes, Kiyosaki precisely tries to get as much debt on the bill of the same young people, in favor of his his new clients: the lazy old pensioners, the ones who are entitled to take the life and the money of future generations because they stupidly invested many decades ago.

[Sangam Agarwal · Rating 5 out of 5]

Best book of 2020
Creat next generation wealth

[Yasir · Rating 4 out of 5]

It was a good read and gave me many new things to research but the pension sections were very bland and uninteresting. Moreover, the book had a TON of typos. How can someone publish a book with so many typos is beyond me.

[Ostilio Portillo · Rating 5 out of 5]

Very good material. I learn a lot about the pros and cons of depositing money in pension funds for my retirement. The truth is we cannot trust anyone with our money. We have to construct our patrimony, accumulate the kind of assets, that in the long run, will put money in our pockets.
Unfortunately, economic and investment education at school is very poor or pretty much none existent. I hope I still have time to invest in the type of assets that will empower me to achieve financial independence because the idea of getting into my 80's & having to still keep working to put food in the table is not very appealing.
I think when it comes to investment and acquisition of assets, the sooner the person starts very better. Although I have managed to accumulate some assets I wish I started sooner.

[Giorgos · Rating 3 out of 5]

This was a nice book, it contains very useful information about your pension and retirement plans. In many countries the majority of the elderly population is waiting for his or her pension for the rest of their lives. What happens when this pension is controlled by fund managers and hedge funds and all the money are paid to fees? A retirement plan with half benefits. The problem is that most individuals have no idea how their pension is managed. Anyone can and needs to fight for his or her benefits. the fight is not going to be easy, however if left alone when the time comes the problem will be much bigger.

[Cristhian Salazar · Rating 5 out of 5]

The book focuses on how we should not give our money away to Corporate funds or Government funds and rely on them or expect them to give 100% of what we put in over the years for our retirement. We are basically asking strangers to take care of us when we are old. The brutal truth is that nobody will take care of you when you're old, stop giving your money away. Due your research, take the time to learn about your finances and unlearn everything the burecrats have thought us about our money.
Cdzar

[A Powell · Rating 5 out of 5]

Essential Reading

This book should be treated as essential reading. It’s time we stopped sticking our heads in the sand, we all need to sort out our finances. All the government knows is to increase taxes, spend waste, repeat, well the crap’s about to hit the fan. Must admit when I read the first few chapters of the book I was a little sceptical about the findings but just a little research proved not only are the findings accurate, they’re even more relevant than ever.

[Nikhil Math]

My thoughts: I really hated this book, I am surprised I finished it. It was terribly written with the two authors taking turns writing alternative chapters so the flow was jarring. They both seem to be blaming this new up and coming generation for ruining the systems. They showed a complete lack of ownership for being apart of the problem. They are acting like they don’t live in a society and they are on the outside looking in.

[James · Rating 1 out of 5]

I was severely disappointed with this book. There is minimal analysis and it is highly repetitive. Robert often repeats what Ted has stated in the previous section. When you add the typos in the book along with the conspiracy theories, one should do themselves a favor and not waste their time on this book.

[Patrick Wikstrom · Rating 2 out of 5]

fast read about modern finance. It’s all pretty crooked with overpriced investments, greedy money managers. The avg Joe gets screwed every time. Tag team authors are pretty repetitive and don’t offer much concrete advice about what a poor schmuck is supposed to do about it except to become an entrepreneur especially in real estate or physical gold. 2½**

[Fabian Selph · Rating 5 out of 5]

It is a powerful, eye-opening book that everyone—whether you're close to retirement or just beginning your financial journey—needs to read. Combining Kiyosaki's straightforward wisdom and Siedle's expertise as a forensic accountant, this book shines a spotlight on the critical and often overlooked issue of pension mismanagement and fraud.
https://ssspensioncalculator.net/

[Altony Nathan · Rating 4 out of 5]

This book was highly informative, I took down quite a few notes. It also encourage me to look into what my pension or retirement is resident. It also gave me information to use to all my clients. I sit down and talk to them about their finances.

[Jewel · Rating 5 out of 5]

The Real Deal

Excellent book! If you aren’t afraid to discover the big picture of what’s really going on in the world and hear several real life examples, this book is for you.

[Valentino Saparuwe · Rating 5 out of 5]

Great book about pension fonds

[Linda Block · Rating 4 out of 5]

Really good book, not just for teachers but for everyone receiving a pension or is planning on receiving a pension.

[Chris Austin · Rating 2 out of 5]

Ridiculous statements

[Mir Shahzad · Rating 5 out of 5]

Good Book

[Khalid Hajeri · Rating 4 out of 5]

An eye-opening book on the surprisingly ugly truth about pensions, and suggestions on how to minimize the problems associated with the pension system.

Robert Kiyosaki and Edward Siedle are both leaders in the topic of money, packing their book with disturbing information regarding the universally accepted pension system. Mr. Kiyosaki adds explanations using a more personal touch, while Mr. Siedle applies facts on the matter based on his extensive investigations into the issue. Both authors compliment one another in their writing, giving the reader quite a bumpy ride on the road to the truth on pensions.

While mostly dealing with cases of malpractice and corruption within the American pension programs, the authors describe that even foreign pension systems are not safe from corrupting practices. They advise any individual holding a pension to personally do research as much as possible and find out more about it, since pensions are now more volatile than ever before. Resources are provided in the form of footnotes and a concluding resources section for further evidence and research.

"Who Stole My Pension?" is a good book that reveals precisely why people must look into the issue of pension before they retire, in order to get the most of it before it is criminally robbed from them by the powers that be. Recommended for business book readers interested in the subject, as well as anybody needing to secure their financial future from the flawed pension system.

[Joshua Christopher Bautista-Anguiano · Rating 5 out of 5]

I had a blast with this book

Many of my lifetime questions had been answered or partially answered (finally!). Looking forward to re-reading it again! I will definitely recommend it among my family members.

[Cory Wallace · Rating 4 out of 5]

We are being robbed of our money and it’s unfortunate that people will not have enough income to retire. This book provides insight to educate on avoiding this problem.