{"id":28910,"date":"2025-07-29T02:15:10","date_gmt":"2025-07-29T02:15:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/28910\/"},"modified":"2025-07-29T02:15:10","modified_gmt":"2025-07-29T02:15:10","slug":"rich-dad-poor-dad-author-issues-blunt-warning-on-401k-and-ira","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/28910\/","title":{"rendered":"‘Rich Dad Poor Dad’ author issues blunt warning on 401(k) and IRA"},"content":{"rendered":"\n

‘Rich Dad Poor Dad’ author issues blunt warning on 401(k) and IRA<\/a> originally appeared on TheStreet<\/a>.<\/p>\n

Robert Kiyosaki<\/a>, the author of the bestselling book “Rich Dad Poor Dad,” has turned into\u00a0a doomsayer of sorts of late. The author has repeatedly warned of an impending economic crash hitting the U.S. and asked people to pursue a smart investment strategy to brave the crisis.<\/p>\n

On July 27, Kiyosaki asked his followers<\/a> on X if their 401(k) and\u00a0individual retirement account (IRA)\u00a0\u2014 both being the most common retirement plans\u00a0\u2014\u00a0are stacked with stocks.<\/p>\n

Investment giants such as\u00a0Warren Buffett and Jim Rogers have sold most of\u00a0their stocks and bonds to bet on cash or silver,\u00a0Kiyosaki warned. He underlined that he also holds silver, in addition to gold and Bitcoin<\/a>\u00a0\u2014\u00a0the latter being called the “digital gold” within the crypto community.<\/p>\n

The best-selling author reiterated that the U.S. may be on the brink of another financial crash like 2009, which could lead to the Great Depression. The U.S. is the world’s largest debtor and the situation is out of control, given that printing money cannot avert the crisis for long, he added.<\/p>\n

Join the discussion with CryptosRUs on Roundtable here.<\/a><\/p>\n

It’s not the first time that\u00a0Kiyosaki has asked people to take control of their financial situations and urged them to invest in Bitcoin and bullion. In April, he predicted<\/a> that the cryptocurrency will hit $1 million by 2035.<\/p>\n

Kiyosaki hasn’t been sounding the alarm bell for nothing \u2014 it seems there are a few takers for his ideas within the Donald Trump administration.<\/p>\n

As reported earlier<\/a>, Trump is reportedly mulling opening up the\u00a0retirement market to crypto and other alternative assets. If the plan goes ahead, it will drastically transform how millions of Americans save for retirement.<\/p>\n

Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.<\/p>\n

‘Rich Dad Poor Dad’ author issues blunt warning on 401(k) and IRA<\/a> first appeared on TheStreet on Jul 28, 2025<\/p>\n

This story was originally reported by TheStreet<\/a> on Jul 28, 2025, where it first appeared.<\/p>\n","protected":false},"excerpt":{"rendered":"‘Rich Dad Poor Dad’ author issues blunt warning on 401(k) and IRA originally appeared on TheStreet. Robert Kiyosaki,…\n","protected":false},"author":2,"featured_media":28911,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,27551,99,186,4852,27552,25237,184,185,6069,17494,17495,5928,27550],"class_list":{"0":"post-28910","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-bestselling-book","11":"tag-business","12":"tag-finance","13":"tag-investment-strategy","14":"tag-ira","15":"tag-jim-rogers","16":"tag-personal-finance","17":"tag-personalfinance","18":"tag-retirement-plans","19":"tag-rich-dad-poor-dad","20":"tag-robert-kiyosaki","21":"tag-stocks-and-bonds","22":"tag-warren-buffet"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/28910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=28910"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/28910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/28911"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=28910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=28910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=28910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}