‘Rich Dad’ Kiyosaki warns S&P crash will ‘burn millions of 401ks and IRAs’
Renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has issued a warning about an impending crash in multiple markets, with a specific focus on the stock market and the potential impact on retirement plans. Kiyosaki predicts that the S&P 500 index will be the catalyst for significant losses in 401ks and IRAs, two popular retirement savings vehicles in the United States. In a recent post, he reiterated his previous warnings and emphasized the potential devastation that the S&P crash could have on millions of people’s retirement funds. Kiyosaki has been vocal about his concerns regarding the global banking crisis and has urged his followers to consider investing in Bitcoin, gold, and silver as a means of protecting their wealth. He has a track record of accurately predicting market crashes, including the collapse of Lehman Brothers in 2008 and Credit Suisse in 2023, and now suggests that UBS could be the next banking giant to suffer a similar fate. Kiyosaki’s warnings serve as a reminder that investing carries risks and that individuals should exercise caution when managing their financial portfolios.