Guide to Brokerage Accounts and IRAs
For someone just starting out in the business realm, comprehending the world of investments and stocks can be quite daunting. It is well said that knowledge is the key to power. Indeed, educating yourself is the only way to stay afloat in the ever-changing tides of business. According to William Schantz, when investing your money, there are a few different routes that you can take. You can go the traditional route and invest in stocks, bonds, and other securities. Or, you can open a brokerage account and have someone else do the work for you.
Regarding retirement savings, there are two main types of accounts: a traditional IRA and a Roth IRA. Both have their own benefits and drawbacks, so it’s important to understand the difference between them before making a decision. Read more.