4min chapter

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WCI #380: Michael Kitces on the State of Financial Planning

White Coat Investor Podcast

CHAPTER

The Perils of Misguided Financial Advice

This chapter examines a couple's misguided financial choices after winning the Powerball lottery, leading to substantial losses for their charitable foundation. It emphasizes the critical need for financial literacy and the challenges of balancing DIY investing with professional financial advice.

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