Fiduciary

7 Things Dave Ramsey has Wrong

Let me start with this: I like Dave Ramsey. I think he gets a lot right. I’ve taught his curriculum, Financial Peace University (FPU), many times over and believe that it is the best tool out there for those with limited financial knowledge or who are struggling with debt. Whenever I teach the class, however, I will cringe during certain lessons. I find myself qualifying the teachings by sharing my own opinions with the class. 

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Is Your Financial Planner a Fiduciary?

The word ‘fiduciary’ is unfamiliar to most. In simplest terms, a fiduciary is someone who works on behalf of a client with their best interests in mind. The reason it hasn’t had much mainstream attention is because, to date, financial planners have not been required to operate as fiduciaries. But that is all about to change. A new standard was recently approved by the Department of Labor (DOL) requiring all financial planners to act as fiduciaries when advising on retirement accounts.

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