And for old people with high net worth. Avoidance of cap gains is huge.

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How does it make sense for old people with high net worth? Roth IRA has contribution limits, requires earned income, and 5 year minimum holding period. Kinda pointless for older high net worth individuals…

Sorry, I’m speaking from a Canadian perspective. We have tax free spending accounts, which make a lot of sense. I don’t know anything about the US, or IRAs.

Tax Free Savings Account. Not spending.

You Damn Canadiens.