How a fiduciary standard could change the whole world

George Kinder, president of The Kinder Institute of Life Planning and one of the leading lights in the financial planning industry, talks about his new initiative, "Fiduciary in All Things," which seeks to apply a fiduciary standard to more than just money relationships. While most stripes of financial adviser have an obligation to act as a fiduciary -- meaning they put the client's interest ahead of their own -- Kinder believes a straightforward golden-rule like standard cold help restore civility in politics and society, would make consumers happy and would make politicians more interested in serving their voters than being reelected by them. Also on the show, Lily Vittayarukskul, chief executive officer at Waterlily -- which won the FinTech competition at the recent FinCon conference -- discusses the real costs of long-term care and how families making care decisions need to think beyond insurance to do a thorough analysis, plus Ed Slott of IRAhelp.com returns to the show to answer another question from a listener.