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 ----- 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. |
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