Retirement accounts help you invest efficiently for the long term by offering tax benefits. While names vary by country, the ideas are similar: contribute regularly, invest in diversified funds, and leave the money to grow.
Common features • Tax advantages: contributions may be pre-tax, post-tax, or tax-deferred. • Contribution limits: set annually by your government. • Employer matches: free money—don’t leave it on the table. • Withdrawal rules: early withdrawals can include penalties; know the rules before you tap the account.
Focus on what you can control: contribution rate, investment costs, and time in the market.