Debunking the Retirement Myth – John MacGregor

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The Rich Dad Channel

September 15, 2023

In this episode, John MacGregor questions the fairness of Jake Sullivan’s request for additional funds from Congress to increase World Bank financing, considering the economic challenges faced by the American people. MacGregor highlights the disparity in priorities and criticizes the government for not prioritizing the needs of its own people. He also addresses the retirement crisis and the importance of personal savings, government-sponsored retirement plans, and workplace retirement plans. MacGregor debunks criticisms of 401(k) plans and warns about the risks associated with pension plans. He concludes by emphasizing the importance of utilizing 401(k) retirement plans and debunking criticisms against them. Additionally, MacGregor discusses fee compression in investment funds, issues related to school discipline, elderly homelessness, organized shoplifting, and rising gas prices.

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Please read carefully.

This is not financial advice. You may be asking, “What does that mean?”

Let me explain…

Do not just do what I, my team, or my guest say. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, nor my team, nor my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.

Also, understand that we are REAL teachers. We practice what we preach. With that in mind, we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

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