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Many investors spend their working years saving for retirement exclusively in tax-deferred 401(k) and IRA accounts. They only find out about the drawbacks to these accounts after they retire and it's too late. Watch this video to learn the five reasons you don't want to build all of your wealth for retirement in tax-deferred accounts. Learn more at https://highpassasset.com This video is for educational and illustrative purposes and is not financial advice. Your broker or advisor will charge you fees or commissions to make investments and therefore your returns will be less than indexes. For example, if you invest in the S&P 500 ETF, SPY, you will pay a fee to the company managing the ETF, State Street Global Advisors. Your return on the S&P 500 ETF, SPY, will be less than the S&P 500 Index TR because of the fee paid to State Street Global Advisors. Consult your advisor or broker for a detailed list of their fees or commissions before you invest. Investing involves risk and you can lose money.