Imagine if every American had the benefit of consulting with a financial planner. Even in such a nirvana, people would still certainly make poor choices and advisors would still give some clients faulty advice. But a better understanding of saving and investing strategy would likely create an unprecedented economic geyser, a tantalizing concept amid the economic torpor.

However worthy an ideal it may be - advisors teaching people, at a minimum, how to avoid foolish mistakes, regardless of how many people still made them - planning will likely remain a privilege for a minority of Americans. But this imagined nirvana should not be the enemy of the good.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access