8 Things Advisors Can Learn From Johnny Depp
February 14, 2017 by John Hilton
If you weren’t paying attention, you’d think the Johnny Depp financial crisis was a plot right out of a Hollywood movie.
A multi-millionaire actor – no, it’s not Nicholas Cage – blows through $2 million dollars a month, and finds himself in danger of being buried in unsustainable debt, due primarily to bad advice the film star received from his financial advisor.
But it’s no movie script – this scenario actually happened to Depp, and it also happens to many Americans. U.S. retirees lose $17 trillion annually thanks to bad professional financial advice, according to the Associated Press.
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