An advisor for wealthy people who have retired early explains why he thinks 401ks are 'money jail,' and where he tells clients to invest instead

"The IRS very reasonably says, 'We haven't gotten our piece of that,' and you need to start pulling that money out," he explained. However, if you've been fiscally savvy and built income streams that provide enough cash flow to live on without needing the retirement account funds, you're "unfortunately stuck in this position of having to pull that money out anyway and then pay taxes on it. Retirement accounts take away our control and put it in the hands of the IRS."Another consequence of maxing out tax-def ...