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Journal of Financial Planning

Economics' Approach to Financial Planning

Laurence Kotlikoff on Financial Malpractice and Economic Thinking

Laurence Kotlikoff on Financial Malpractice, Economic Thinking, and
Pricing Out Passions

by Shelley A. Lee

He’s been a vocal critic of financial planning, even writing that “the financial institutions and advisers conveniently match our needs to the securities they’re peddling,” that “most professional advice is not worth the taking,” and that conventional financial planning “makes outrageously bad saving and insurance recommendations…putting a pretty face on risk and sell[ing] it.”

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