brokerage account?

Although a 401(k) and a Roth IRA are great places to invest for retirement; they aren’t the ONLY places to invest.

DEFINITION
What’s a brokerage account?

• A brokerage account is an investment account you can open directly through a bank or brokerage firm that lets you buy and sell all kinds of different investments.

  With a brokerage account, you have the freedom to invest in whatever you want—from stocks and mutual funds to bonds and ETFs.

  They’re also known as taxable investment accounts because the money that grows in your account will be taxed.

PRACTICAL ADVICE
How do Brokerage Accounts Work?

• It’s pretty simple: When you want to invest in mutual funds or stocks through a brokerage account, you’ll place an order through the account, deposit the funds, and then the transactions will be carried out for you by the bank or brokerage firm.

OUR COMMUNITY
What are your questions? Or share a win!

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