Is your broker, insurance agent, or advisor acting as your fiduciary? It can be hard to tell as the vast majority of financial professionals are dual-registered, or in industry jargon “dual-hatted.” At one moment they may be providing “best interest” advice and then the advice can switch to “merely suitable.”
Help your financial advice provider help you know when they’re a fiduciary and when they are selling you something that may not be in your best interests with this pair of actual dual-hats.
Just take these to your financial person, every time you meet, and ask that they wear the appropriate cap depending on the type of advice they’re offering.
It’s your money and you deserve to know whether your investing advice is in “your best interests” or “merely suitable.”