Pandering Advisors

Financial advisors too often tend to tell you what you want to hear as opposed to what you need to hear. A good advisor will make you do what should be doing. You shouldn't be buying cryptocurrencies.

We also talk about conflicted advice, like the many financial products that Dave Ramsey "recommends" for a fee. These include problematic timeshare resellers.

A listener has a slight difference with our RMD advice for IRAs.

We discuss some silly post-Covid "smart money moves."

A caller has a friend who wants to move a TSP into an indexed annuity product.

Another is seeking advice on the tax ramifications of moving money from an IRA to a Roth.