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Originally Posted by Marc40a
Sure there is.
A.) The advice was from a registered advisor. While that doesn't exactly guarantee that he's not getting fleeced. It certainly holds a lot more weight than speculation on a internet forum from non professionals.
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You're speculating about his financial situation. His financial advisor is not.
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B.) The recommendation was extreme so that's an indication that situation is likely dire.
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The recommendation is not extreme, nor does it indicate the situation is dire.
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C.) The original post indicates that he could sink the funds into his retirement plan. That tells me that he's nowhere near the max contribution. Which, if you're in a strong financial situation, you should be.
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Not making the maximum contribution does not imply his situation is dire. The vast majority of people do not make the maximum allowable contribution, yet most of them are not in dire financial straits.