Breaking down one of the most underrated investment accounts for financial freedom 👇🏼
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Taxable brokerage accounts offer a ton of benefits but one of the main themes associated with them is flexibility
⠀⠀⠀⠀⠀⠀⠀⠀⠀
There’s no limit to how much money you can add to a taxable account in the tax year
⠀⠀⠀⠀⠀⠀⠀⠀⠀
There’s not a specific goal that taxable accounts are meant to be used for
⠀⠀⠀⠀⠀⠀⠀⠀⠀
You can generally invest in whatever you want inside of a taxable brokerage account
⠀⠀⠀⠀⠀⠀⠀⠀⠀
There isn’t a specific age you need to wait for until you can access the money inside of a taxable brokerage account
⠀⠀⠀⠀⠀⠀⠀⠀⠀
There aren’t any early withdrawal penalties for pulling money out of a taxable brokerage account
⠀⠀⠀⠀⠀⠀⠀⠀⠀
So what’s the best use of a taxable account?
⠀⠀⠀⠀⠀⠀⠀⠀⠀
It depends.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
One of the best uses of a taxable account is for long term investment goals that are before age 59.5
⠀⠀⠀⠀⠀⠀⠀⠀⠀
With retirement accounts (like IRAs, 401Ks, etc), you generally have to wait unt...
Suggested Credits
Tags, Events, and Projects