The Real Benefit of Tax Deferred Accounts
It has become very clear to me over the past few weeks that the biggest benefit of a tax deferred account such as a RRSP (Canada), pension plan or a 401K (U.S.) is NOT the tax benefits. It is also not the employer match programs that sometimes comes with them nor the flexible investment options within the plans. These are all great benefits, but in my mind they are not the most important. The most important benefit of these tax deferred accounts is that they lock up your money for a long time …
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