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January 12, 2021 8:08 AM Kate Ashford - Forbes Advisor
Posted:
Updated:
January 14, 2021 7:30 AM
Index funds purchase baskets of securities to track the performance of market indexes, like the S&P 500. Index funds are investment and retirement portfolio staples thanks to their low cost and ease of diversification. Here’s how you can get started buying index funds to help you reach your retirement and investing goals.
1. Open a Brokerage Account
You’ll need an investment account to buy index funds. Different kinds of investment accounts are best suited for different types of goals:
Mid- and Long-Term Goals. Taxable accounts allow you to build wealth through investing but require you to pay taxes whenever you receive dividends or make a profit off of investment sales. Taxable accounts are helpful for those looking to reach large money goals before retirement or for those who have already maxed out their retirement accounts for the year.
Channel3000.com
January 12, 2021 10:08 AM Kate Ashford - Forbes Advisor
Posted:
Updated:
January 14, 2021 9:36 AM
Index funds purchase baskets of securities to track the performance of market indexes, like the S&P 500. Index funds are investment and retirement portfolio staples thanks to their low cost and ease of diversification. Here’s how you can get started buying index funds to help you reach your retirement and investing goals.
1. Open a Brokerage Account
You’ll need an investment account to buy index funds. Different kinds of investment accounts are best suited for different types of goals:
Mid- and Long-Term Goals. Taxable accounts allow you to build wealth through investing but require you to pay taxes whenever you receive dividends or make a profit off of investment sales. Taxable accounts are helpful for those looking to reach large money goals before retirement or for those who have already maxed out their retirement accounts for the year.
How to choose the best 529 plan for college savings financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
Best Savings Accounts of 2021 Money.com 12/21/2020
Gone are the days of hiding cash under the mattress for that rainy day.
Now, the financially savvy save their money in online bank accounts where saving rates can help it grow each year.
Savings accounts present a low-risk alternative to stock market investments.
Because of FDIC insurance, there’s virtually no risk to depositors and you can access the money anytime.
6 Best Savings Accounts of 2021
Here are Money’s top picks for the best savings accounts that you can open today:
PenFed Credit Union: Best Credit Union
Barclays Online Savings: Best for Zero Minimum Balance
Half of those making $100,000 fear they'll never retire msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.