This video highlights the similarities and differences between a traditional brokerage account and an IRA. If at all feasible, financial advisors advise having two accounts. A brokerage account can be used for day trading, long-term investment, and short-term financial goal saving. Also, there are no restrictions on contributions, withdrawals, or the amount of income that may be used to finance a brokerage account, making them more flexible than IRAs.... ( read more )
LEARN MORE ABOUT: Qualified Retirement Plans
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
As an investor, you have numerous investment account options to choose from, but two of the most popular are brokerage accounts and Individual Retirement Accounts (IRAs). Choosing the right investment account is crucial to your financial success, and it depends on your goals, preferences, and investment strategy. In th...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)