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If I understood what I read correctly, one will be able to invest after tax money in a Lifetime Savings Account LSA, up to $7,500 per year and have that account grow tax free like a Roth IRA. However, they are also free to withdraw from the account tax free at any time for any purpose regardless of their age. As long as one doesn't invest more than $7,500 per year why would not all brokerage accounts be replaced by an LSA account to avoid all capital gain and dividend taxes? Then again, if capital gains and dividend taxes are eliminated, what would be the purpose of having such "retirement" accounts anyway?

What am I missing here???

Jim Sullivan aka 8128
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