I just moved from Germany to the US and my US visa expires after one year. Having no idea in what country I will end up next, things like a 401k or any other country-specific investment form makes no sense to me.
As such I have already given up on establishing a state-sanctioned retirement fund any time soon. Instead, I live frugally and save more than 50% of my post-tax income. Some of that is invested in funds because I can easily keep those wherever I will move to in the future.
Right now I am investing some of that in managed funds but I am not very happy with this and will probably move to index funds soon. I don't have enough confidence that my actively managed funds will beat the average market.
As such I have already given up on establishing a state-sanctioned retirement fund any time soon. Instead, I live frugally and save more than 50% of my post-tax income. Some of that is invested in funds because I can easily keep those wherever I will move to in the future.
Right now I am investing some of that in managed funds but I am not very happy with this and will probably move to index funds soon. I don't have enough confidence that my actively managed funds will beat the average market.