Many financial advisors in the industry also work in insurance sales. Legally, they can switch between their fiduciary responsibility and their role as an agent with the insurance company. Evan shares about a fiduciary rule being shot down in the courts that would continue to define and place boundaries on what it means to be a fiduciary. Listen along to hear why it’s important that you work with a fiduciary and why that standard isn’t enough on its own to guarantee you can blindly trust your advisor. Later in the episode, new research reveals reported happiness continues to increase as wealth increases and does not plateau around $90,000 annual income, as originally thought. Evan wants you to know that while having more money can increase satisfaction, there are other factors that also increase satisfaction in life.
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