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

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Copyright 2020 by Robert T. Kiyosaki and Edward Siedle. All rights reserved. Except as permitted under the U.S. Copyright Act of 1976, no part of this publication may be reproduced, distributed, or transmitted in any form or by any means or stored in a database or retrieval system, without the prior written permission of the publisher.

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First Printing: January 2020

ISBN: 978-1-61268-103-0

Printed in the United States of America

012020

In the decades to come

we will witness hundreds of millions

of elders worldwide,

including Americas Baby Boomers,

slipping into poverty.

Too frail to work and too poor to retire

has become the new normal.

The looming global pension crisis doesnt affect only

active workers and retirees

entire families, young and old, will bear the financial burdens

of an aging world population.

Benchmark Financial Services December 2016

by Edward Siedle

by Edward Siedle

by Phoenix City Councilman Sal DiCiccio

by John MacGregor, CFP

The year The Beatles released the love song When Im 64 I was a teenager already thinking about aging, elder care, and retirement.

A teenager thinking about getting old? That seems unlikely.

Let me explain.

I spent my teenage years in Uganda, East Africa with my father until one day in July of 1971 he failed to return from a journeya safari, as wed say in Swahilito a remote part of the country.

He and I had celebrated my 17th birthday a few days before he disappeared.

My father was an American doctor of gerontology teaching at Ugandas Makerere University and conducting field research into care of the agedthe elderlyin African traditional societies.

Why did he choose to study how Africans took care of their elderly?

Because in the mid-1960s, my father had a vision and realized that Americas population demographicsthe massive Baby Boom generationmeant that in the decades to come, as 80 million hippies got older, our nation would have to care for them.

For the first time in history, this young nationa nation which celebrated youthwould have to deal with an invasion of elders.

And America, he knew, was not prepared.

You could say he foresaw the American elder care and retirement crisis we are struggling with today.

Perhaps how African societies traditionally cared for their elders might provide answers, he thought.

My father traveled extensively throughout remote parts of Ugandawhich we used to call the bushmeeting with missionaries and others caring for the elderly who could not care for themselves. The book he completed about his work immediately before his disappearance was presciently entitled, The Last of Life: Old Age, Missions and Missionaries in Uganda. Through his research and travels he had developed a wide network of reliable contacts who kept him informed as to happenings in the bush.

Years later, I learned he used the intelligence network he developed to also provide information to our government.

In 1971, when he disappeared in the garrison town of Mbarara, he was investigating rumors that Idi Amin, the new President of Uganda, had killed hundreds of his own army soldiers stationed at the garrisonwithout firing a single bullet.

My fathers disappearance alerted the world for the first timeas it was immediately reported in Newsweek magazinethat Idi Amin was brutal, a murderer who would go on to kill an estimated 500,000 of his own people.

As the child of a single parent, I had to return to the United States and live with relatives I barely knew.

Since my father had disappeared and was presumed dead but his body had not been found, his estate could not be probated, his life insurance benefits would not be paid, and even Social Security Survivor Benefits were unavailable. In short, I was not only orphaned but penniless.

Worse still, since, while in Africa, my initial attempts at home schooling soon turned to no-schoolingI had never gone to 10th, 11th or 12th grades.

Dont get me wrong. I had learned a lot through reading late at night in my bedroom and helping students with their projects at the African university. But there was no obvious place for me in the traditional American educational system.

The grim reality was that, absent a miracle, I would have to spend the next three years of my life completing high school.

Thankfully, a high school guidance counselor knew of an experimental early college in the Berkshire Mountains of western Massachusetts called Simons Rocka college that accepted high school aged students.

A helping hand.

A girlfriend drove me to visit the school, since I had only a learners permit at the time.

Another helping hand.

This most unconventional student was accepted by this remarkably innovative school and given a full scholarship for my first year.

A path forward, a way out of a hopeless situation, had emerged. I never graduated from high schoolI never even got a high school diplomabut was accepted as a sophomore at an early college!

By the end of my first year at Simons Rock, things had changed for me.

A Ugandan Commission of Inquiry concluded my father had been captured by Amin, tortured, and murdered because of his intelligence work. And, although his body was never found, his estate was able to be probated; his life insurance benefits came through, as did Social Security Survivor benefits.

Through diplomatic channels, the Ugandan Government offered an ex gratia settlementwithout admitting responsibility for the murderand paid reparations.

While I was excited to be a member of the trailblazing first class to receive a Bachelor of Arts degree early from the school, I never graduated from Simons Rock.

As you can possibly imagine, once the immediate crisis of my fathers disappearance and murder passed, completing my college education was not an immediate priority. However, after a two-year break, I graduated at the top of my class from another college and then law school.