The prior savings and IRA/401K part before Jan 1st 2024 is still confusing, how would anyone keep track of what percentage is taxable and especially going forward? You may switch banks (multiple accounts) and IRA companies several times, confusing principal and interest, and what is what and from where. I think they miss the biggest problem, the chances of an audit, and the mess and expense of trying to navigate the paper trail. Not to mention that our IRA or 401K withdrawals would probably be taxed at a higher tax rate than we would ever see at home, if at all. In fact, I didn't even hear any mention of interest earned on those prior savings accounts, or the tax free amounts growing in IRA's/401K's. Then there is the biggest issue, document authentication, also not mentioned in the video.