E16: 3 Reasons to Open a Brokerage Account
When people think about investing, they tend to default to retirement accounts...and those are great, but did you know there were accounts that didn’t penalize you for withdrawing before retirement age? In this episode, we go over the features and benefits of brokerage accounts and why you should consider opening one.
- Pew Research Study | Only 35% of Americans own stock outside of retirement accounts
- Fractional Investing sparks a stock market stampede | Washington Post
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Acorns makes simple automated investing simple by investing your "spare change" on your behalf. With Acorns, every charge you make to a connected account is rounded up to the nearest dollar. This way, with each swipe, you're making an automated "mini" contribution to your retirement.
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Ellevest is a financial company built by women, for women.
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Hands down, Personal Capital is our favorite financial app. This is what we use to track our spending, calculate our net worth, and monitor the cost of our investments. The app is completely free to use and if you choose to invest with them, they have a team of licensed fiduciary advisors who can help you manage your portfolio.