Robert Kiyosaki’s Top 4 Tips That Will Save Retirees From Financial Disaster

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Retirement is a major financial shift. If you’re planning to leave the workforce in the not-so-distant future, Robert Kiyosaki — a.k.a. “Rich Dad” — has plenty of advice that might differ from the traditional guidance you’ve been given. Going into retirement fully informed can help you avoid financial disaster.

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Here are four of Kiyosaki’s top tips to help you enjoy a financially sound retirement.

Generally speaking, if you worked hard to put money aside in your 401(k) throughout your career, you may assume it will last through retirement. However, Kiyosaki is adamant this isn’t the case.

In a September 2024 X post, he shared a story about having dinner with a baby boomer friend who said many of his peers are coming out of retirement because inflation has depleted much of their 401(k).

“Printing fake money causes assets such as gold, silver, and Bitcoin to rise in price,” he posted. “Printing fake money also causes food, fuel and fun to go up in price too.”

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He said printing money might make the Feds richer, but it causes the poor and middle class to lose money.

“That’s why boomers are coming out of retirement,” he posted. “Their nest is filled with fake assets and fake money.”

Kiyosaki has long been a vocal critic of 401(k) plans.

On his “Rich Dad” website, he has covered the shift from defined benefit plans to defined contribution plans, which took place around the 1974 Employee Retirement Income Security Act. He noted that defined benefit plans provided employees with a set amount of income, but in the post-ERISA shift, the responsibility for retirement income has fallen on employees.

This, he noted, has left people with no financial education in charge of investing their retirement funds. While they can work with a financial planner, he indicated this might not necessarily be in their best interest.

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Kiyosaki firmly believes in investing in assets that have cash flow, such as real estate, oil wells, business, gold, silver and cryptocurrencies. This is due to his belief that traditional financial markets can be uncertain, so money markets, the stock market and central banks should not be fully trusted.

In his book “Who Stole My Pension?: How You Can Stop the Looting,” he dedicated a chapter to this type of investment. In it, he wrote, “Once you understand the words infinite returns, you will never have to work for money again.

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