4 Investment Accounts That Can Advance Your Financial Goals

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1. Standard Brokerage Accounts To open a brokerage account, you must be at least 18 years of age and have a social security number or tax ID.

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Cash and Margin Accounts Typically, most brokerage accounts are cash accounts, but some investors want to open a margin account.

Individual and Joint Accounts You can open an individual or joint brokerage account.

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Traditional 401K Plan Saving for retirement at an early age usually begins with employer-sponsored 401K or Roth 401K retirement account plans.

The IRS imposes eligibility requirements based on compensation limits on retirement plans (e.g., 401K and IRA) subject to annual cost-of-living adjustments.

Eligibility

everything you need ton know about investment accounts