Replying to Avatar šŸ¢

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 individualsā€¦
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Sikto 2y ago

Sorry, Iā€™m speaking from a Canadian perspective. We have tax free spending accounts, which make a lot of sense. I donā€™t know anything about the US, or IRAs.

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Sikto 2y ago

Tax Free Savings Account. Not spending.

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nobody 2y ago

You Damn Canadiens.