There are various investment accounts, depending on your lifecycle and financial goals. Choose investment accounts that advance your goals. These accounts can help you build wealth.
A standard brokerage account is a taxable investment account that will allow you to deposit and hold cash to buy various investments like stocks, bonds, money markets, mutual funds, index funds, or ETFs.
Saving for retirement at an early age usually begins with employer-sponsored 401K or Roth 401K retirement account plans.
Investment accounts are excellent ways to save for qualified education expenses. The 529 Savings Plans and the Coverdell Education Savings Account are the most popular savings vehicles.