So I have a Roth Ira brokerage account with vanguard. After putting in the maximum contribution for this year, $7000, would/should I open another regular brokerage account if I want to continue investing?
Question about brokerage account
byu/JustToBrowsee inpersonalfinance
Posted by JustToBrowsee
4 Comments
After completing a Roth IRA, opening a regular brokerage account is a good idea for additional investment, taking into account profit taxes.
What *other* tax advantaged space do you have access to?
401k? 403b? HSA?
Consider reviewing the Prime Directive in the PF Wiki for a framework for what to do with money. It will answer your question and questions you did not realize you should be asking.
* https://www.reddit.com/r/personalfinance/wiki/commontopics
Click the pf wiki click flow chart
Brokerage account can be good due to ltcg/qdiv favorable tax treatment
Yes. Have your Roth IRA for the retirement investing with the annual max. put in.
Also have a brokerage account that you can add to with no limits and continue to invest. Both accounts are useful.