Editor's note: This is part two of a four-part series exploring financial fact vs fiction. Each article will examine five of the top 20 most common financial myths — from investments to retirement and Social Security to life insurance. Part one covered the first five: This Roth Conversion Myth Could Cost You.
In life, we turn to our friends and family for all sorts of advice, but financial advice is best left to the experts, as many pearls of wisdom no longer ring true (or were never very accurate to begin with).
