Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

FIND OUT WHAT TO TEACH YOUR KIDS ABOUT MONEY—Robert Kiyosaki, Andy, Marcy, Zach & David Tanner

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

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How to Avoid Corruption in 401k's

Right now in 401k's, I was speaking with Ted Bennett who invented this thing. It's up to $10 trillion now. At 1.5%. It's not bad with no risk. The other thing that people don't talk about is the pension plans. You know, how much how much in fees are collecting. And one of the biggest sources of corruption is so you have this person who's not really a professional investor. They're running the CalPERS California State pension plan. These guys are subject to bribes and corruption because everybody wants that fund manager to give them the employee's money.

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