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Types of Brokerage Accounts

Types of Brokerage Accounts

The first issue that Eddie went over with Big V was how the accounts would be set up. Fortunately, this was straightforward stuff, but there were two really important concepts about any type of account that Eddie wanted Big V to understand right off the bat.

First, accounts are either retirement or non-retirement. The main difference between the two is tax treatment. The IRS likes to get paid (minor detail). When you get interest or dividends on your investments, or your trades result in...

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