I want to hear the other side

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Most savers don't realize there is a saving strategy which is far superior to traditional and Roth IRAs and 401(k)s.

That greatly depends on how you define 'superior.'

Also, keep in mind, you will likely pay 10 times as much tax as the amount of the tax that you defer. So with a traditional IRA if you defer $10,000 over the life of your contributions, expect to pay $100,000 in tax when you take those distributions. I will be glad to show you proof of that.

Classic misrepresentation: only focusing on the cost - not the value. Sure you'll pay much much more in taxes - because you'll have made much much more money!

What that means in real numbers: if you are able to defer $10k (we'll say 20% bracket for easy calcs), then you contributed $50,000.

If you are paying $100,000 in taxes (also 20% easy calc), then you are withdrawing $500,000.

I'm sorry you now have 10x the money.

The product I recommend is a life insurance policy which eliminates downside risk (your investment is never subject to loss), you have access to your money for any purpose after 1 year without penalty and all the distributions are taken out tax free.

Again, another misrepresentation. You would be able to take out your contributions tax free, but any earnings withdrawn would be considered income; or by taking loans against the policy - on which you'd be charged interest.

From: Cash Value Life Insurance - Tax on Withdrawals

One way to avoid this and still access your money is to take a policy loan from the insurance company, using the cash value in the policy as collateral. The amount you borrow is generally not treated as taxable income as long as you repay the loan, and there are no surrender charges because you're not actually withdrawing your money. But you'll have to pay interest on the loan, which is not tax deductible.

From: Publication 17 (2010), Your Federal Income Tax

Surrender of policy for cash. If you surrender a life insurance policy for cash, you must include in income any proceeds that are more than the cost of the life insurance policy. In general, your cost (or investment in the contract) is the total of premiums that you paid for the life insurance policy, less any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income.

You should receive a Form 1099-R showing the total proceeds and the taxable part. Report these amounts on lines 16a and 16b of Form 1040 or lines 12a and 12b of Form 1040A.

More information. For more information, see Life Insurance Proceeds in Publication 525.