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The Retirement Crisis Balloons

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Manage episode 341104237 series 2394535
Innhold levert av The Rich Dad Company and The Rich Dad Media Network. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Rich Dad Company and The Rich Dad Media Network eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
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.
  continue reading

487 episoder

Artwork
iconDel
 
Manage episode 341104237 series 2394535
Innhold levert av The Rich Dad Company and The Rich Dad Media Network. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Rich Dad Company and The Rich Dad Media Network eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
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.
  continue reading

487 episoder

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