Tuesday, 14 July 2020

Individual brokerage

In this account, you can invest in stocks, bonds, ETFs, and mutual funds, and apply to trade options, futures, and forex.

  • A standard brokerage account with only one owner

  • NOT a tax-advantaged IRA; you are responsible to report earnings for each tax year

  • No age limits or required distributions; deposit to and withdraw from this account whenever you’d like

  • When the account owner dies, the assets pass to his or her estate

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