Americans don't care about investments. What they care about is retirement.
After all we have let the whole investment system evolve into a way to lessen taxes on our retirement nest egg. We don't invest so that we can buy our next car, nor do we invest to have money for medical emergencies, nor do we invest to save for a down payment on a home.
No, we invest to support ourselves when we retire.
Unfortunately the whole system has become way too complicated. IRA's, Roth IRA,s, Keogh Accounts, Family Banks, LLC's, Trusts, the list goes on and on.
Do we have this complexity because our needs are so different, or is it designed to support the army of investment consultants, tax specialists, accountants, and lawyers we have to consult, and pay, to avoid having the government strip us of our hard earned dollars.
DNN will be exploring this subject - Savings Simplification - and would like to here your ideas on the subject.
-RJM
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