Hey all,

I’ve been lurking this sub for a bit, and came across your flow chart (which is very similar to the American one, minus the HSA for health care).

Aside from some naming differences, the goals are more or less in alignment. Save 15% of pre tax income for retirement, emergency fund, pay off debts, etc.

Having followed this for some time now, and considering moving to Canada in the future, how screwed would I be in terms of the work I’ve put into my savings for retirement? Most of it is post tax (Roth), so it might not be as bad as I’m imagining.

In that situation I’ve heard people leave their accounts as is in the states to let them compound, as you cannot contribute to them with money earned outside of the US.

Does anyone have any insights?

  • @rootOP
    2•11 months ago

    Thank you very much for the reply, even if it is just your current understandings. That is also my current understandings as well, and I guess there’s no problem with letting them compound separately, other than a larger lump sum will compound faster.

    I’m curious about how post-tax funds can be transferred over (eg. Roth IRA to the equivalent in Canada). I’ll probably have to talk to a professional if I get more serious about it. How do you like Canada so far, btw? What province?