No. of Recommendations: 4
A complete numbnut can read from a cheat sheet and say: "You need a annuity," or "You need a diversified portfolio of mutual funds," or "You need whole life." The bottom line is that you'll end up in the highest fee investment with the lowest possible return that the advisor could sign up with as an agent. As for the so-called independent advisors, they know what anyone can figure out for themselves with a little bit a reading. I'm sorry, but the financial services industry is almost a complete fraud, and most of the folks involved belong in jail.

Your biases are really hanging out there.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.