013-2020 Who stole my pension

Title: Who stole my pension

Author: Robert Kiyosaki & Edward Siedle

I might have finished this book last week, but I only bring you my review today. Last week we had quite the weekend and so I just decided to postpone for a short while.

I am still young and hope to have a few more decades to live and earn enough to build up my asset column until the day that I call it quits and start receiving payouts from my pension. Therefore, you may say that you don’t need to spend too much time on checking in on your pension.

What the idea is behind the book is that it explains to you that you should actually not rely on the idea that you will be taken care of with the pension that you built up in your years of work. Rather, you should take more control, and make sure that the overseers of your pension you are relying on are doing their jobs properly right now, and not mismanaging your funds.

The first half of every chapter is written by Edward, and then Robert closes off the second part with his contribution. Edward explains that pension funds which he has looked into have not been doing their jobs well enough, and to rectify for their mistakes they cut benefits to the beneficiaries, you. I’ll be honest, that sounds like that may be happening, and that is really sad that people do this to other people.

Us youngsters may think that we don’t need to worry too much about this right now, because still have a while to go, and that if the pensions of the older retirees go bust right now, that it won’t be our problem. Well, I think you may be surprised. I don’t believe that we will get off that easily. I think that if their pensions are lost, the government may intervene and bring in policies to help them get something out of the collapsed system. Maybe taxes, maybe something else. And if you have parents that could lose their pensions, they might just fall back on us to take care of them.

So, as much as we may think we are not impacted by this, it could just be that we get hit by this in a way we didn’t think about before, and by then that will have become our new reality.


Although I received the message which they wanted to convey to us as readers, that people managing pension funds are being reckless, and to make up, they cut pension benefits (pay-outs) to its beneficiaries, and that we should therefore take a more active role to keep them in line, the book didn’t really feel like it gave very much new information. I didn’t get much more value than I did when I bought the other books from Robert (“Rich dad, poor dad” and “Fake”) and therefore don’t rate this book as highly among my reading list.

I therefore rate this book with a 2/5, because it does bring attention to the mismanagement issue for our pensions, but it doesn’t give very much helpful information in the book to learn much more.

Regardless, I still think the message they are relaying to us is important for all of us, and that we should take steps to ensuring we can become financially independent.