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The article focuses on the significance of consulting the best adviser before giving out investment advice in the U.S. It is noted that some investment brokers are compelled to follow fiduciary standard at a higher level. Investors are recommended to consider the confusing different credentials of the brokers.

What would you do if your financial planner prescribed the following advice? Save and invest diligently for 30 years, then cross your fingers and pray your investments will double over the last decade before you retire. You might as well go to Las Vegas. [ABSTRACT FROM PUBLISHER]

Most everyone needs financial advice. The big question is how much. There are tens of thousands of advisers out there, with varying levels of expertise, who charge varying fees for their services. And professional advice doesn't guarantee good returns. You need look no further for evidence than the market collapse of 2008-9, when most people lost money, even those with the supposedly ideal mix of investments, hand-picked by their financial planners. [ABSTRACT FROM PUBLISHER]

It's the time of year when personal finance writers offer suggestions on end-of-the-year tax planning. The problem this year is that there are so many unknowns. Are tax increases in the works? Will you keep your job next year? Will your income drop? And what about all those terrible investment losses? Even some tax experts are scratching their heads. [ABSTRACT FROM PUBLISHER]