Investment Account Types - Investment Account Summaries And How To Open Them

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Description:
What investment account types are right for you? What's the difference between an IRA and a brokerage account?

This is a brief summary of ~10 different investment account types that you can open. From college savings to personal retirement. I'm showing you the different investment accounts you can use to save and grow your money.

How to choose each type of investment account is a little more complicated but you'll get a summary overview of what's available.

To find your 529 college savings plan by state, start here:
http://www.savingforcollege.com/529_plan_details/index.php?page=plans_by_state

For all account types offered by E*Trade, start here:
https://us.etrade.com/what-we-offer/our-accounts

Small business retirement account selector:
https://us.etrade.com/e/t/plan/retirement/gethelpchoosing

Each type of investment and retirement account has specific tax implications. These accounts are set and regulated by the IRS and you'll need to know all the details before opening an account.

Generally, you can easily open a brokerage account as these are the most basic investment account. IRA's and Roth IRA's are also simple to open and easy to understand. If you have additional questions leave a comment and I'll explain an account type in detail!
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