You Could Lose Thousands by Opening the Wrong Kind of Brokerage Account

·3 min read

When you open a brokerage account, you have to select what kind of account you want. The main reason you could lose money with your brokerage account is that some come with tax breaks, and others don't. If you are saving money for retirement, you may want to open a traditional or a Roth IRA instead of a standard taxable brokerage account.

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