I Accidentally Discovered That My Mother-in-Law Made a 30K Mistake

A reader wrote in after discovering that their mother-in-law realized a roughly $30,000 loss when her bank-based advisor reshuffled her investments in 2022, arguing the advisor should have explained the risks of selling during a market downturn. The author responded that a competent professional should have warned her about selling at a loss, and suggested either confirming that advice was given or helping her find a CFP® professional — who is held to a fiduciary standard — to better protect her interests going forward.

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