Americans get this ‘wrong, wrong, wrong’ about financial advisers

Laveta Brigham

Suze Orman says most Americans have the “wrong, wrong, wrong” idea when they choose a financial adviser.

In her latest blog post, the personal finance guru cites a 2017 survey that found 53% of Americans believe financial advisers are required by law to put their clients’ best interests ahead of everything else when they give retirement advice.

But that’s not the case.

“Only advisers who operate as fiduciaries are promising to always put the client’s interest first,” Orman explains.

Retirement planning is complicated, and getting help is a smart decision. But you want help you can trust. So when you pick a financial adviser, you’d better find a fiduciary, she says, meaning an adviser who’s looking out for you.

Why finding a fiduciary is key

A rule proposed in Washington a few years ago would have required all advisers to meet the fiduciary standard and avoid conflicts of interest, like

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Suze Orman says Americans get this wrong about financial advisers

Laveta Brigham

Suze Orman says most Americans have the “wrong, wrong, wrong” idea when they choose a financial adviser.

In her latest blog post, the personal finance guru cites a 2017 survey that found 53% of Americans believe financial advisers are required by law to put their clients’ best interests ahead of everything else when they give retirement advice.

But that’s not the case.

“Only advisers who operate as fiduciaries are promising to always put the client’s interest first,” Orman explains.

Retirement planning is complicated, and getting help is a smart decision. But you want help you can trust. So when you pick a financial adviser, you’d better find a fiduciary, she says, meaning an adviser who’s looking out for you.

Why finding a fiduciary is key

A rule proposed in Washington a few years ago would have required all advisers to meet the fiduciary standard and avoid conflicts of interest, like

Read More

These 2 Words Could Send Your Retirement Money to the Wrong Beneficiary

Laveta Brigham

Planning for your death may feel slightly morbid and uncomfortable. But the alternative option — ignoring estate planning and beneficiary designations — could end up infinitely worse.

One little-known election on your retirement accounts, the choice of  per stirpes vs. per capita, could even send your retirement money to the wrong beneficiary or cut someone you love out of receiving anything at all. Now that’s uncomfortable.
 

I recently shared on the Stay Wealthy Retirement Podcast that you won’t be around to see this calamity unfold, but the bitter fallout is something your family will likely never forget.

Beneficiary Planning and Why It Matters

The reality is, you’re alive now … but you won’t be forever. If you want your money to be inherited by the right people, there are important steps you must take today — before it’s too late. As dark and dreary as it might feel, planning for

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Man causes mayhem after sharing ‘abomination’ in his pizza delivery order: ‘Wrong on every level’

Laveta Brigham

A takeout customer is stirring a massive debate after sharing their controversial pizza order online.

The image, shared to Twitter by the food-ranking account Rate My Takeaway, featured the meal a man named “Patrick S” ordered from an unidentified restaurant.

Patrick’s personal-sized pizza, which featured only one topping other than cheese, left many social media users calling the dish “wrong,” or worse, “an abomination.”

That topping? Strawberries. While Hawaiian pizza has long been a staple at even the simplest delivery chains, many Twitter users were confused as to how the order was even possible.

“No no no! Fruit does not belong on a pizza, ever!” one user wrote.

“I don’t know who I hate more. The person who prepared this or the person who ordered,” another added.

Others, meanwhile, were simply grossed out by the thought of the combination.

“Only time this is acceptable, is if you’re

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