401(k)

And finally, most people have money taken out of their checks and placed into retirement accounts like a 401(k) before they ever get paid. That money goes directly to Wall Street, where it is "managed'' by someone the employee doesn't even know. On top of that, additional money is skimmed through fees and commissions. And, today, many people do not have enough money to retire because they have lost all their wealth in the stock market crash.

— Robert Kiyosaki; Rich Dad's Conspiracy of The Rich

As stated, in 1974, the U.S. Congress passed ERISA. This forced Americans to invest in the stock market for their retirement through vehicles like the 401(k), which generally have high fees, high risk, and low-returns, and gave Wall Street control over the country's retirement money.

— Robert Kiyosaki; Rich Dad's Conspiracy of The Rich

When the 401(k) program was implemented in the United States, my rich dad warned me to stay clear.

— Robert Kiyosaki; Rich Dad's Conspiracy of The Rich