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In this video, I’m going to explain the differences between a TFSA and a Roth IRA and answer the most common questions I get about these two investment tools.
As a Cross-Border Financial Advisor, I help my clients in the US and Canada optimize their investments so that they can live a work-optional lifestyle no matter where they live. And because many of my clients are coming from the US, I often get asked if a Roth IRA is better than a TFSA.
While they have similarities, they also have several differences.
There are three main areas where a Roth IRA differs from a TFSA:
Contribution rules
Carry forward rules
Taxation and Penalties
To get all the details, watch the video!
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For more information on this topic, please check out the blogs I’ve written:
TFSA vs ROTH IRA:
www.swanwealth...
ROTH IRA CANADA:
www.swanwealth...
Share this video with a friend: • 401k Canada - Moving ...
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Want to get clear on how to manage your 401k in Canada?
Read our guide: www.swanwealth...
Retiring from the US to Canada?
Read our guide: www.swanwealth...
Learn everything you need to know about RRSPs here:
www.swanwealth...
Planning a cross-border move from the US to Canada (or vice versa)?
Get free tips you won't find anywhere else: www.swanwealth...
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KEY TOPICS IN THIS VIDEO:
tfsa vs roth ira, roth ira, tfsa, traditional ira, tfsa explained, investing in canada, wealth management, cross-border financial planning, financial advisor, cfp, retirement planning, moving from usa to canada, cross-border investing, us citizen moving to canada, american moving to canada, cross-border financial planner, financial planning, moving to canada, cross-border financial advisor, retiring to canada, cross-border wealth management, wealth management canada, cross border financial advisor, cross border
This video has been prepared by and expressed the opinions of John Woodfield and Tiffany Woodfield, and are not necessarily the opinions of Raymond James Ltd. (RJL). Statistics, data and other information presented are from sources RJL believes to be reliable, but their accuracy cannot be guaranteed. This video is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Past performance is no guarantee of future results. Information provided in this video is general in nature and should not be construed as providing legal, accounting and/or tax advice. Should viewers have any specific questions and/or issues in these areas, please consult your legal, tax and/or accounting advisor. RJL is a Member of the Canadian Investor Protection Fund. Raymond James (USA) Ltd. (RJLU), is a member of FINRA/SIPC. RJL and RJLU Financial Advisors may only transact business in provinces and/or states where they are registered.]
6 мар 2023
