• Investment Principle by Account

Account	This month		2024 Cumulative Amount
	KRW	USD	KRW	USD
Pension Saving Fund	1.3M	–	18M	–
ISA	1.2M		2.2M
IRP	–		–
Roth IRA	–	$840	–	$7,340
Total	2.5M	$840	20.0M	$7,340

I’ve maxed out this year’s pension savings fund limit of 18 million won.

The reason I don’t contribute to the IRP is that the foreign tax paid doesn’t get refunded at the year-end settlement (=the income tax paid in Korea is low), so rather than investing in safe assets, I’m putting 100% into the pension savings fund. (=100% risky asset)

I mentioned this in a previous post, but objectively, investing 100% in the pension savings fund without mixing in safe assets leads to higher expected returns.

Although I like receiving tax deductions, I’m putting all my money into the pension savings fund, thinking positively.

[Reference Post]

Comparison of Pension Savings Fund 9 million KRW vs Pension Savings Fund 6m + IRP 3m KRW

Now, I will need to consistently contribute to my ISA with the remainder. I also need to contribute to my IRA, but to do that, it seems I’ll have to manage my budget tightly.