Reason #1: Few financial advisors are aware that such an account is available. They are also unable to set it up so that the account user can lawfully avoid paying taxes on it.

Reason #2: The majority of financial advisors propose financial products based on instructions from the business they have a relationship with.

Reason #3: They refuse to accept a pay decrease! The cost of investing increases because advisors in IRAs and 401Ks collect fees and commissions based on the deferred tax liability.

Because of this, fewer than 0.07% of Americans have an established compound interest account, compared to more than 50% who have taxable 401(k)s or other tax-deferred retirement accounts.