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Money market accounts can be a great alternative to a traditional savings account. (Photo illustration by Fortune; Original photo by Getty Images) ... or Roth IRA. 2. Easy access to your money ...
Unlike brokerage accounts and traditional 401(k) and IRAs, your money grows tax-free in a Roth IRA account, meaning that you won’t owe any taxes when you withdraw funds in retirement. For tax ...
A money market fund (MMF) is a mutual fund that pools money from many investors to buy safe short-term investments like government bonds and high-quality corporate loans. Money market funds aim to ...
Experts generally advise against trading options in an IRA because of the high risk involved. That said, retirement investors may consider using a few option strategies in limited situations.
3. Money market accounts (MMAs) Money market accounts are similar to savings accounts with two key differences: MMAs normally offer higher returns and require a larger minimum balance than your ...
Moving IRA funds into a 529 plan could trigger fees, ... Alternatives to 529 plans without using an IRA. ... money market accounts and certificates of deposit offer safe, flexible ways to save ...
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