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What Canada can teach the U.S. about retirement savings The U.S. can help workers boost their retirement savings if it raises the contribution limit on tax-deferred retirement accounts, writes Frank Holmes, CEO and chief investment officer of U.S. Global Investors. Compared with the U.S.'s IRA, which has a yearly contribution limit of $5,500, Canada's Registered Retirement Savings Plan has a maximum contribution limit of over $20,000, Holmes says. "When someone has the will and initiative to put away money for their retirement, no matter their age, I think the government should do what it can to reward these individuals," he writes. --The Wall Street Journal
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