Posted By Paul
I saw an article on CNN that I wanted to pass on. If you are a frequent reader of this blog you might get the feeling that I am "anti-adviser" from some of my earlier posts:
Adviser or Not?
What are you really paying for advice?
Article: Before of free financial advice.
It would be fair to say that I am very 'adviser skeptical' since it seems like so often the information they provide you can easily be obtained by just doing a little research, and the cost to you can be significant if you're not careful. There have been so many times where someone I know will mention a financial adviser that "works for free". When I ask my friend if the adviser has suggested a life insurance annuity and my friend says they haven't my standard response is: "Wait a few months, they will." I seem to always be right. To read more about annuities just select the posting label 'annuities' in this blog to bring up the articles where I discuss them.
Considering the role they play in your life, I think a certain level of adviser skepticism is healthy.
Here is the article:
Dirty tricks financial advisers play.
This blog contains some simple tips and advice from two regular guys. We're not accountants, financial advisors, or brokers, so follow, ignore, or discuss our ideas as you see fit.