Doing taxes? Don’t make this CPA mistake #biggerpockets #personalfinance #taxes
Summary
The video explains the difference between fee-based and fee-only financial advisors. A 'fee-based' advisor gets paid based on the products they sell you, while a 'fee-only' advisor charges a fee independent of product sales. The speaker offers a quick way to identify an advice-only financial advisor, which is to ask if you can pay with a credit card; if they are uncomfortable or offer a 'free' explanation, they're likely not advice-only.
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