I appreciate you adding that insight. And the cautions regarding SWAN have come from a number of folks. I've appreciated their education focus and they do strongly encourage self-custody...even if you can't do it for the IRA product. They also have a lot of thought leaders I respect that contribute their knowledge to their efforts (Lyn, Livera, Breedlove, Callahan, Boyapati, etc.).

SWAN feels that it will be Unchained customers who will get rekt because of the lack of regulatory clarity and the "precedent" set by the McNulty case.

One of the biggest x-factors is the IRS/government/Congress/Elizabeth Warren's of the world. They could always change the tax code and have a bunch of boomer Congress people put it into law. That is one reason why I never converted to a Roth IRA and pay taxes up front. I just never trusted them to not change the rules, so I've deferred tax payment as long as possible.