More specific than just over-use of the term guarantee, but really any use.
Let’s cut to the chase here. There are no such things as guarantees. Only a person can try to offer a guarantee. And since a person cannot guarantee that a comet won’t destroy the earth tomorrow, there are no guarantees. Sorry!
In financial planning, often the guarantee comes in the form of some type of product or solution (annuities, insurance, returns on an investment, etc.). If someone is promising a guarantee, they are desperate to make a sale to you.
Again, these guarantees at best are paper thin and easily exposed by an average educated expert. At worse, they are illegal (i.e. against the law to say or put in writing).
DON’T BE SEDUCED BY THE FALSE COMFORT OF THE WORD GUARANTEE.
