The baby boomer generation is the second largest generation in American history with over 72 million individuals. And they’re all getting ready to retire. The problem is…they have no money. Even worse, generations following the baby boomer generation are worse off. Today’s guest gives his outlook for retirement savings in 2023.

Peter Grandich, author of “Confessions of a Former Wall Street Whiz Kid” says, “I never thought I’d see 33 trillion in debt, not counting the unfunded liabilities of social security, medicare, and Medicaid.” Grandich believes with the current trajectory of economic policies, it’ll only get worse for retirees and those close to retirement age.

Host Robert Kiyosaki and guest Peter Grandich discuss the largest threat to 401Ks and pension plans in 2023 and what each generation can do to save their hopes of retirement.

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Disclaimer: The information provided in this episode is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker’s personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.