Your Future Self Will Thank You: Start Investing Today
You’ve heard it before (probably from us): “Invest for your future!” But how exactly do you turn that advice into action? Let’s break it down.
The Foundation: Tax-Advantaged Accounts
For long-term goals like retirement, the best place to start for most people is with a tax-advantaged account.
– 401(k): If your employer offers one, it’s usually the most convenient option.
– IRA: If not, an Individual Retirement Account provides similar tax benefits.
Beyond the Account: Choosing Your Investments
Opening an account is just the first step. Understanding the distinction between your account (401(k) or IRA) and the investments within it (stocks, ETFs, etc.) is crucial.
We’ve created a simple guide to help you navigate these important concepts: check it out here.