My Best (Financial) Advice

“What’s the best piece of financial advice you can give in under 2 minutes?

I was recently asked that question by my good friend Christina Empedocles for a project that she’s working on.  I had to give it some thought, but came up with something I believe is highly relevant for all of life.  Check out my response in this video.

The Fiduciary Rule is Dead

The Wall Street Journal had a recent article titled The Fiduciary Rule is Dead: What’s an Investor to do now? While there have been recent updates to the fiduciary rule and it’s application to financial service providers – what’s most important to you is the fact that fiduciaries are alive and well and still the best option to provide solid financial advice. You find local advisors on the Garrett Planning Network and NAPFA.

I highly recommend making sure that anyone giving you advice about your money is both a fiduciary and works as a fee-only advisor meaning their incentives will be absolutely aligned with yours.