This is an overgeneralization that is clearly incorrect in some cases. Just a quick example for Canadians, from [1]: > Usually, it is best for United States ci

This is an overgeneralization that is clearly incorrect in some cases. Just a quick example for Canadians, from [1]: > Usually, it is best for United States citizens to not hold TFSAs since the costs of tax reporting and compliance usually exceed any benefits. There is no US equivalent for TFSA. [1] https://www.taxesforexpats.com/articles/retirement/simple-us-tax-guide-for-canadian-retirement-plans.html https://www.taxesforexpats.com/articles/retirement/simple-us...