Could U.S. Pensions Be Next?

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Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 26 October 2022

⏱️ ? minutes

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Summary

At the center of the disaster surrounding the U.K. pension plans in recent weeks were funds using derivatives to protect themselves from potential swings in interest rates. In an attempt to solve funding gaps in U.K. pension plans in the past, these plans used hedging tactics which created a short-term liquidity crunch and mark-to-market losses of as much as $169 billion. Today’s guest explains how pensions around the world are vulnerable to collapse due to being underfunded and mismanaged.
Ted Siedle, Co-Author of the book “Who Stole My Pension” says, “Around the world there are millions of workers counting on pensions set up by corporations or governments to provide for their retirement security.” These workers expect that the pension will be there when they retire. Unfortunately, most of these pensions are severely underfunded.
Host Robert Kiyosaki and guest Ted Siedle discuss the collapse of English pensions, the outlook of the U.S. pension system, and how you can protect yourself if your retirement relies on one of these pensions.
Connect with Ted Siedle: https://siedlelawoffices.com/

Transcript

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1:33.5	Fardslash Wealth. This is the richdad radio show, the good news and bad news about money. Here's Robert Kiyosaki.
1:51.4	Today is a lot of bad news. But the reason bad news is good is maybe you can take evasive action. Everything is changing so rapidly.
2:03.3	I might be saying something today, completely erroneous in six months here. And the reason that it's
2:09.3	important is because back in 2008, I think let's say there was hurricane Ike and right after that
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