Commissions don't create conflict of interest
January 16, 2013 by Marvin Feldman
Ellen Schultz of the Wall Street Journal recently wrote an article about retirement mistakes people make (“Five Big Retirement Mistakes,” Dec. 29, 2012). These included not paying for financial advice; investing in something you don’t understand; supporting your adult children; lowballing elder-care costs; and underestimating how much you will need for retirement.
While I agree with most of what she stated, I do disagree with her comments pertaining to agents and advisors who accept commissions and, in her opinion, have a conflict of interest. Click here to read…