'Rich Dad Poor Dad' author issues blunt warning on 401(k) and IRA
Robert Kiyosaki, the author of the bestselling book "Rich Dad Poor Dad," has turned into a doomsayer of sorts of late. The author has repeatedly warned of an impending economic crash hitting the U.S. and asked people to pursue a smart investment strategy to brave the crisis.
On July 27, Kiyosaki asked his followers on X if their 401(k) and individual retirement account (IRA) — both being the most common retirement plans — are stacked with stocks.
Investment giants such as Warren Buffett and Jim Rogers have sold most of their stocks and bonds to bet on cash or silver, Kiyosaki warned. He underlined that he also holds silver, in addition to gold and Bitcoin — the latter being called the "digital gold" within the crypto community.
The best-selling author reiterated that the U.S. may be on the brink of another financial crash like 2009, which could lead to the Great Depression. The U.S. is the world's largest debtor and the situation is out of control, given that printing money cannot avert the crisis for long, he added.It's not the first time that Kiyosaki has asked people to take control of their financial situations and urged them to invest in Bitcoin and bullion. In April, he predicted that the cryptocurrency will hit $1 million by 2035.
Kiyosaki hasn't been sounding the alarm bell for nothing — it seems there are a few takers for his ideas within the Donald Trump administration.
As reported earlier, Trump is reportedly mulling opening up the retirement market to crypto and other alternative assets. If the plan goes ahead, it will drastically transform how millions of Americans save for retirement.
Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.
'Rich Dad Poor Dad' author issues blunt warning on 401(k) and IRA first appeared on TheStreet on Jul 28, 2025
This story was originally reported by TheStreet on Jul 28, 2025, where it first appeared.
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Newsweek
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Miami Herald
10 minutes ago
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