> is it already possible to have your own individual 401k on top? It is possible to open an individual traditional IRA, which is also tax-deferred, but the con

> is it already possible to have your own individual 401k on top? It is possible to open an individual traditional IRA, which is also tax-deferred, but the contribution and income limits are worse than the 401k. A person can have both a 401k and a IRA at the same time, too, so if you don't have an employer that offers a 401k plan then you just miss out and there's no way to replace it. > Does the US have an equivalent of the TFSA? I think that would be a Roth IRA, which holds after-tax contributions and allows tax-free withdrawals. It's nice, but it also has low contribution limit and income limits. However, there are games you can play with to get money into a Roth like backdoor conversions, or rollovers from a 401k on years with low income. > in dividends each year, you gotta pay 25% tax Yeah that's harsh. In the US you normally pay long term capital gains tax on dividends, which is based on income and maxes out at 20%. If your total income is less than 80k, the rate is 0%.