As a growing share of Americans turn to online sources for financial guidance, recent data shows that 57 percent now regret acting on advice they found online, underscoring the risks of following unvetted information. This trend highlights why professional guidance and critical evaluation are more important than ever when making decisions that affect financial security.
In a recent feature for Yahoo Finance, Jonathan Dane talks about the risks of relying on influencers and unverified financial advice.
“One of the most costly forms of misinformation involves taxes,” says Jonathan Dane, Founder & CIO of Defiant Capital Group. “I regularly see claims that you can ‘write everything off’ or use rental property losses to eliminate W-2 income,” he says. “These legitimate tax opportunities require specific qualifications most influencers never mention.”
https://finance.yahoo.com/news/financial-experts-urge-caution-57-184822029.html
