‘Rich Dad’ Kiyosaki warns this asset will ‘toast millions of 401ks and IRAs’
As part of his persistent cautionary stance on an impending financial crisis, Robert Kiyosaki, the author of the best-selling finance book ‘Rich Dad Poor Dad ,’ has offered insights into investment products poised to suffer the most in a crash. In a post on X (formerly Twitter) dated December 11, Kiyosaki delivered a stark warning concerning the potential fate of million s of retirement accounts. While issuing this caution, the financial educator acknowledged that his previous predictions regarding financial crises have often been criticized and ridiculed. Undeterred by past skepticism, Kiyosaki asserted that the next financial casualty would be the S&P 500, spelling trouble for million s of 401(k)s and IRAs linked to the index. “People are still laughing at those 1997 predictions. Watch for my next warning. The S & P is next, which will toast millions of 401ks and IRAs. Take care,” he warned. Cryptocurrency Bitcoin in danger as...