The possibility that financial advice can sometimes be worse than nothing needs no explanation these days. Think Bernie Madoff. That was extreme, of course, but how wary should investors be when it comes to more prosaic counsel from, say, the local financial planner? As with everything else in finance, the answer boils down to a gray area. In short, it depends.
Daily Archives: December 17, 2010
THE TWO-YEAR TAX SOLUTION
The House of Representatives passed the tax-cut extension bill last night and sent it over to the White House for President Obama to sign it into law. The legislation prevents the Bush tax cuts from expiring on December 31, offering what some say is a stimulus for the economy at a critical point in the recovery.