The Pension Crisis Is So Much Worse Than We Realize | Ted 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 concerning condition when it comes to the solvency of their pension funds.

The recent book, How To Steal A Lot of Money Legally authored by Ted Siedle was written to give guidance, resources, and tools for today's pension stakeholders & society so that they can take action… and stop the looting.

Ted is a former SEC attorney. His firm, Benchmark Financial Services, Inc. has pioneered over $1 trillion in forensic investigations of the money management industry. He's nationally recognized as an authority on pensions and investment management matters, having testified before the Senate Banking Committee regarding fund scandals and is an expert in various Madoff-related and other litigations.

In 2017, he secured the largest SEC whistleblower award in history of $48 million, and in 2018, the largest CFTC award in history at $30 million.
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#pension #retirement #investing
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

[Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[lilliankerr-zc]

I'm in my 60s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $500k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?

[Mrshuster]

Well the recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.

[ocox]

I’m my own pension fund manager…fortunately I’m a CPA and have been learning about personal finances and investing for 40 years. Stories like this make it really hard to trust the financial services industry. Personal finance is a mystery to 90% or more of the population. Thanks to channels like this, people can educate themselves if they have the desire.

[sonnyjohnson]

Damn ! this entire country's economy is house of cards

[MacroLoco]

Absolutely Great Interview & Need more Pension experts for the upcoming Pension Defaults

[cdorcey]

A pension is a plan offered by an old person (corporate management) to entice a young person to make a career with the company, knowing that, even if the company survives that long, the old person will be long gone before the young person wants to draw from the plan. Never mistake a "plan" for a "promise".

[malishaanderson]

Mr. Siedle's expertise and interview was very much appreciated. I am employed with City&County of Denver which has a pension plan. I have great concern due to the reports of bankrupt pensions, but also of great reductions of benefits. Are there any telltale signs to indicate the beginning of collapse, as an inverted yield curve does for recession? Thank you both!

[lawrencehicks]

Here is another vote for a Ted Q & A. I'm a 68 yr. old State of Florida working employee with over 25 year of service and have been concerned about my pension for a number of years. I was logged in for the live Q & A on Retirement Planning a while back and posted a question or 2 regarding taking my pension or a lump sum payout. A few folks jumped in with comments suggesting it was a "no brainer". Well now they have more insight to where I was coming from. One always has options regarding life's circumstances. I find that continual education followed by rationale and applied logic along with some wise counsel, at times, result in favorable outcomes. Thank you, Adam, for providing a continuous treasure trove of financial learning from a Lifestream of topic experts.

[geoffm]

Perplexed why he bashed Desantis for banning investing based on ESG...

[stephendaniel]

yes I would be interested in you having Ted Siedle back

[allen_p]

Thanks for the show.
I'm in two pensions. One of them I am still employed by the state agency. Both pesions say they are fully funded (Who Knows?), but how much of that is commercial real estate, and derivatives. How are derivatives legal? It does worry me. I have small stacks of Silver and Gold, and IRA's I manage myself. I'm college educated, blue collar worker in the trades. I figure I will work till I die. After listening to this I want to buy a whole lot more silver and gold.

[PE-TX]

Adam, yes, please ask Ted back for a Q&A, that would be great!

[WyattSmith-v]

The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

[reggiebishop]

A Movie needs to be made from this honestly and accurately

[bob.bishop]

The Delaware Bankruptcy Court redacted the names of the top 50 FTX creditors totaling $3.1 billion. How many of those creditors were pensions? My guess is there are a few.

[rivermac]

OMG this is truly terrifying....thank you for sharing with us.

[lambertois]

Today, a major gain in protecting the pension plan members was achieved in Canada.
A federal bill C-228 to give pension plan members the highest priority when plan funding falls short in a company bankruptcy has unanimously passed a vote in the House of Commons.
That would put the pension liability ahead of secured and unsecured creditors, improving the chances plan members would be made whole in an insolvency.
This is a fantastic Canadian achievement. The Bill C-228 was a private Bill initiated by one member of the Parliament Marylin Gladu. She was able to rally all members of Parliament, in an outstanding vote: 318 yes, 0 no.

[fpeachm]

Not having a government pension of any kind, I'd say you have provided the answer to those that do: "leave your money in the state pension fund. It will get bailed out".

[nvestmentnu]

A very unique guest indeed! A man that serves a purpose not just a profit motive.