Active vs passive

This post is for SpaceX employees who want to understand what comes next and what to think about before consulting a financial advisor.

The word "fiduciary" appears constantly in financial marketing. Here is what it actually means, why it matters, and how to confirm whether your advisor is actually held to the standard. If you have searched for a financial advisor recently, you have probably seen the word "fiduciary" used as a selling point. Some advisors lead with it. Some mention it in small print. Others never bring it up at all. The standard it describes is real and legally meaningful. It is also widely m

Most investors assume their financial advisor is working for them. In many cases, that assumption is worth examining. If you have ever worked with a financial advisor, shopped for one, or even just Googled the topic, you have probably come across the phrase "fee-only." It sounds straightforward. But in an industry where terminology is carefully constructed and lightly regulated, it is worth understanding exactly what it means, what it does not mean, and why it matters when re