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Money and Finances
Reply to "Is my parents FA giving them bad advice?"
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[quote=Anonymous]yes, he is a lousy advisor (or at least, biased in the way he is compensated) have them choose a flat fee-only financial advisor instead. www.napfa.org is a good way to find one in their area. (not one that is commissioned based on the investments) And life insurance for children (particularly whole life insurance in general) is pretty much always a bad investment, mainly because there are many penalties and it often has a low return on investment (haha "safe") that doesn't keep pace with inflation.[/quote]
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