Things I have an extreme amount of aesthetic distaste for: Systems which have an obviously optimal play which civilians are largely unaware of and participants are unable to tell civilians about due to professional guild rules. This is obviously an affront to justice.
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One example I can actually discuss because it is explicitly not a professional interest: if you’re in the middle class, you have your IRA at a brokerage. You might sensibly wonder “Hmm can I contribute to a Roth IRA this year.” Your brokerage cannot tell you the true answer.
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Replying to @patio11
I recently learned about IULs (Indexed Universal Life Insurance) and had the same reaction!
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Haven't heard this one. Why is it so good?
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Thus, FWIW, does not match my impression of IULI, which impression is “This is a complex financial derivative designed to sell to mass-affluent people who are uncomfortable with investing and, in return for reducing discomfort, reallocate investment returns to the insurance co.”
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