KXLY
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.