> More liquid accounts, similar to a Roth IRA, have been become popular in Canada, and Canadians are saving more in them than in the tax-advantaged retirement a

> More liquid accounts, similar to a Roth IRA, have been become popular in Canada, and Canadians are saving more in them than in the tax-advantaged retirement accounts. No, that's not what is happening. Canada has two vehicles. RRSPs and TFSAs (let's leave RPPs out of this). They're saying that Canadians are moving from RRSPs to TFSAs because of the flexibility. No, they're moving because both are tax advantaged in different ways. RRSPs lower your tax burden now, but you pay taxes when you withdraw even when you're retired. TFSAs don't lower your tax burden now, but you don't pay taxes on them when you're retired, no matter how much they grow! Lower income people should consider TFSAs. Higher income people should consider RRSPs. First order approximation. Getting rid of the 401(k) with no safety net to replace it is a disaster and not what's happening in Canada at all.