In the near future, the vast majority of "Baby Boomers" will be on the verge of retirement - and looking to cash in on their retirement plans.
This will be a major drain on cash reserves for which no-one is ready and there's every chance that peoples' lifelong savings will dramatically lose their value.
Now for the good news: sensing this financial crisis is in the offing, Kiyosaki and Lechter provide a detailed financial plan aimed at helping forward-thinking people prepare for the worst - and they urge that one must start planning NOW!
They cover a variety of alternative ways of generating wealth through other forms of investment, including real estate, self-employment and investing in companies.
About the Authors
Robert Kiyosaki, author of Rich Dad Poor Dad - the international runaway bestseller that has held a top spot on the New York Times bestsellers list for over six years - is an investor, entrepreneur and educator. Born and raised in Hawaii, Kiyosaki is a fourth-generation Japanese-American.
He founded an international education company in 1985 that taught business and investing to tens of thousands of students throughout the world. In 1994 Robert sold his business and, through his investments, was able to retire at the age of 47. During his short-lived retirement, he wrote Rich Dad Poor Dad .
Sharon L. Lechter co-wrote several books on personal finance with Robert Kiyosaki and is CEO of the Rich Dad Organization. She is an author, educator, investor, inventor, philanthropist, and is a certified public accountant. Lechter went to Florida State University, where she studied accounting and graduated magna cum laude.
In 1989, Lechter joined forces with the inventor of the first electronic "talking book" and helped him expand the electronic book industry to a multimillion dollar international market. Today she remains a pioneer in developing new technologies to bring education into children's lives in ways that are innovative, challenging, and fun.