Tax savings - bad for the health

In a companion piece I described how the life assurance industry's success was built on marketing the most potent hot buttons in financial services - 'new', 'safe' and 'tax-free'. Now I shall apply this to other kinds of tax shelters to show how tax savings can be bad for one's financial health. My first encounter with tax shelters was when I was a rookie US registered representative in Dusseldorf pitching for retail business a quarter of a century ago. Frequently my bids for a small slice of the Geman savings market failed when faced with the superior attractions of 'Zahnartzschiffe'. ...