Blind-Eye Bias

Brokers, bankers, and insurance salespeople are not fiduciary advisors. They may be nice people that you see at church or the club, but their interests come before yours due to how they are paid. Many investors realize this conflict of interest at some point, but often after serious setbacks or lost resources. Find an advisor who is paid directly by you and who will acknowledge, in writing, that they owe you a fiduciary duty.