よくある質問

iDeCo Retirement Account FAQs

How does iDeCo compare to a US 401k?

iDeCo is Japan's equivalent to the US 401k, offering tax-deferred growth on investments. While similar in concept, contribution limits and withdrawal rules differ between the two systems.

Can foreigners in Japan use iDeCo accounts?

Yes, foreign residents in Japan can open iDeCo accounts if they meet the residency requirements and have Japanese pension insurance coverage.

What are the tax benefits of iDeCo?

iDeCo offers three tax advantages: contributions are tax-deductible, investment growth is tax-deferred, and withdrawals after age 60 are taxed more favorably than regular income.