"Imagine being elderly and not personally competent to understand ideas like the relative risk of equity or bond portfolios, and your children are equally as in

"Imagine being elderly and not personally competent to understand ideas like the relative risk of equity or bond portfolios, and your children are equally as incompetent and can’t really help you, and the local options for financial planners are also equally as incompetent. " And how do you find a someone financially competent? Even a lot of the superstars blow up eventually. I think it's just a gamble. There is a ton of cargoculting going on in financial advice. In the end nobody knows how to do it right long-term.