This story was first published on June 14, 2013. It is part of 12 Days of Wealth Management: The Year in Review.

CHICAGO -- Rules, as they say, are made to be broken. Yet as financial planning has grown as a profession, collective thinking has coalesced around a few solid pieces of advice. A panel at the Morningstar Investment Conference on Friday set out to debunk some of those rules and establish new guidelines. Here are a few of the biggest myths they tackled.

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