This chapter delves into the question of whether financial planners should simply tell clients what to do, as well as the two major financial issues in the United States: lack of saving and overspending.
Dr. Charles and Dr. Brad open the show discussing how clients know what to do for the most part...but still don't do it (they even cite some interesting research related to prostitutes and health education!). They then discuss how advisors can help their client's make better decisions that are consistent with their short and long-term financial goals.