Retirement can be comfortable if one saves massive quantities at the beginning of a career. But if you missed this chance, there's still hope. (Photo: iStock)

It’s the job of the fiduciary to always act in the best interest of the client – even if the client doesn’t know his own best interest. In the purist sense, the role model is the classic turn of the (nineteenth) century bank trust officer.

This stereotypically stodgy curmudgeon often acts as the surrogate parent to the beneficiary. The trustee poses as a barrier between wanton spending and financial discipline.

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