The financial educator pointed to a critical vulnerability in today’s retirement systems, contrasting modern Defined Contribution (DC) plans, like 401(k)s and IRAs, with the more secure Defined Benefit (DB) plans of past generations. “In a market crash… a DB pension plan must pay as promised to the investor. In a market crash… a DC pension plan is only required to pay what the investor has contributed… only if anything is left after a market crash,” Kiyosaki explained, highlighting the risks DC plans face during economic downturns.
IN Rich Dads Prophecy, published in 2014 I predicted the biggest stock market crash was still coming.
Unfortunately that crash has arrived….possibly wiping out the futures of millions of baby boomers
World wide.US Baby boomers are the first generation with a 401k and…
— Robert Kiyosaki (@theRealKiyosaki) March 9, 2025