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What to do with US defined contribution retirement account?
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There are differences in language, but in this case the difference just comes from TIAA-Traditional being a singular product. Most people in the US are surprised by it.
The biggest difference I see between the US and the UK is in mortgages. In the US a fixed rate mortgage is just that.....fixed interest for the term of the mortgage and that could be 30 years. In the UK fixed rate is just a few years until it adjusts which blew my mind when I understood.“So we beat on, boats against the current, borne back ceaselessly into the past.”0
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