Pension Time Bombs: Part 3 - Ill, Dying, and Dead

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 18 March 2020

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark Greene, a 30-year veteran UPS driver from Upstate NY, found out that the pension he and his organization’s members were counting on for their retirement security was in financial crisis. As president of the Teamsters Alliance for Pension Protection (aka TAPP), a grassroots pension watchdog organization, he led efforts to raise funds to perform the first-ever forensic investigation of The New York State Teamsters Conference Pension & Retirement Fund.
The people running the pension had spent millions (money paid by workers’ retirement savings) for bad advice from so-called experts who ultimately ran the pension into the ground. Ted Siedle says “The New York State Teamsters Conference Pension and Retirement Fund did not have to collapse—gross mismanagement caused this crisis.”
Listen as Robert, Ted Siedle and Mark Greene give warning to those whose pensions are ill, dying, or dead.
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Transcript

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0:00.0	This is Emma.
0:01.4	I am.
0:02.4	Emma works at McDonald's in Murtor Tidville.
0:04.9	She's a shift manager, a vital part of the team.
0:07.8	Well, I try.
0:09.6	But more importantly, Emma's a mum of three.
0:12.1	So when she decided to come back to work,
0:14.4	Emma needed hours that fitted with her kids school days.
0:17.4	I really did.
0:19.0	So we did what we could to make that happen.
0:21.6	Unhelp? A lot.
0:24.1	Well, you're part of our family too, Emma.
0:26.6	Ah, thanks.
0:30.1	Let's balance life and work together.
0:32.1	Apply today at McDonald's.co.uk.
0:34.7	Slash jobs.
0:37.0	Don't be like Charlie.
0:38.7	Charlie is that Do It Yourselfer who does himself in.
0:42.2	Do It Yourself is good for tile and grout.
0:44.8	It is not good for asset protection.
0:47.4	Charlie thought he'd save a few dollars
0:49.3	forming his LLC online.
	...

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