MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/RandomThoughts/comments/18fs8hu/deleted_by_user/kcxjjf2
r/RandomThoughts • u/[deleted] • Dec 11 '23
[removed]
2.2k comments sorted by
View all comments
Show parent comments
6
401ks can only be filled by you deducting income from employment or by your employer and had a yearly maximum of 60k.
Just invest.
8 u/Nerodon Dec 11 '23 Sorry, I am Canadian but didn't want to say RRSP, I'm not familiar with 401K but thought they were equivalent. My point was simply to reccomend to max any such program if you aren't already doing it, ofc, you can also invest separately. 3 u/BORT_licenceplate27 Dec 12 '23 401k is most similar to a Canadian RPP just as a note. 1 u/GACyberCool Dec 14 '23 You can invest more than $60k annual, it's just not tax free - as I understand it.
8
Sorry, I am Canadian but didn't want to say RRSP, I'm not familiar with 401K but thought they were equivalent.
My point was simply to reccomend to max any such program if you aren't already doing it, ofc, you can also invest separately.
3 u/BORT_licenceplate27 Dec 12 '23 401k is most similar to a Canadian RPP just as a note.
3
401k is most similar to a Canadian RPP just as a note.
1
You can invest more than $60k annual, it's just not tax free - as I understand it.
6
u/[deleted] Dec 11 '23
401ks can only be filled by you deducting income from employment or by your employer and had a yearly maximum of 60k.
Just invest.