Exposing the Pension Crisis: Is Your Retirement at Risk? – John MacGregor, Ted Seidle
Join host John MacGregor on this eye-opening episode of Full Disclosure as he exposes the largest retirement crisis in history. Featuring three special guests, Dean Dennis, Chris Tobey, and Ted Siedle, this episode dives deep into the malfeasance and mismanagement of pensions across the United States.
The discussion touches upon the financial devastations in states like Minnesota, Ohio, Kentucky, and potential investigations in New York. With alarming revelations about state funds being significantly underfunded, hidden fees amounting to billions, and the lack of transparency protecting Wall Street interests, this episode uncovers the harsh truths impacting tens of thousands of retired workers. Discover the colossal implications for both pension holders and taxpayers and learn why hope is not a retirement strategy. Don't miss the crucial insights and shared advice on protecting your financial future.
00:00 Introduction
00:31 The Scope of the Pension Problem
02:43 Introducing the Expert Panel
03:16 Dean Dennis on Ohio's Pension Issues
03:50 Chris Tobey on Kentucky's Pension Problems
04:19 Ted Siedle on Financial Forensics
05:11 The Underfunding Crisis Explained
06:08 Lack of Regulation and Transparency
10:22 Private Equity and Hidden Fees
20:11 Political Influence and Corruption
23:45 Ohio's Pension System: A Case Study
26:57 Understanding Pension Plan Fees
28:05 Challenges with Public Pension Funds
28:16 The Role of Laymen in Pension Fund Boards
29:34 Ted's Auditing Process
30:32 Legal Hurdles in Pension Fund Transparency
32:50 Corruption and Legal Battles
34:02 Minnesota Pension Fund Investigation
39:58 Impact on Teachers' Retirement Security
45:09 Political Influence on Pension Funds
46:12 Final Thoughts and Call to Action
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Kentucky taxpayers have NEVER failed to pay the contractual obligation to teachers’ retirement. What wasn’t fully funded was the “BAILOUT,” the actuarial required employer contributions. No one wants to explain exactly what the ADEC really is.
Opt out of all unions! Right to Work
GREAT SHOW! We need more of the same. The private sector taxpayers MUST understand their part in America’s public pension crisis.
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Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar’s gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
Certainly, there are a handful of experts in the field. I’ve experimented with a few over the past years, but I’ve stuck with ‘’Kathie Daisy Bosco’’ for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look—her up.
Kathie has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.