We think it is safe to say that TikTok's financial advice can be pretty awful. Put all your savings into Bitcoin because it is going to be $1,000,000? Buy an Indexed Universal Life Insurance policy for your 16-day-old baby? Cash Value Life Insurance is "off the radar" of the IRS? Ryan and Peter react to some outrageous and terrible financial advice on TikTok.
Links and resources: https://thewealthfix.com/financial-advisors-react-to-tik-tok-advice/
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Ryan A. Hughes and Peter Campbell are financial professionals at a fiduciary financial advisory firm, Bull Oak Capital, that provides wealth management services to retirees, working professionals, and business owners across the United States. Learn more about Bull Oak Capital: https://bulloakcapital.com/
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