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Any recommendations for beginners into starting a savings account that’ll make you money while saving? I was told Roth IRA is a good start. Any suggestions guys?
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Anonymous 17w

Rewards & Intrest

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Anonymous 17w

Roth Ira yes good start. The key is time. The more time you have to invest the better. So just whatever you do don’t wait

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Anonymous 17w

I do believe everybody should have a Roth IRA; however, I would like to point one thing that nobody hasn’t mentioned yet. a Roth IRA is a retirement account not a savings account; you’d be able to pull out the contributions you put in at any time, but you would not be able to contribute them after and you’re not allowed to touch any of your games, retirement age of 59 1/2. You use post tax dollars for this account and your gains are 100% tax free as long as you wait till that retirement age.

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Anonymous 17w

High Yield Savings Account (HYSA), Roth IRA ($7,000 max contributions per year), and brokerage account. Have and put money into those 3 accounts and you’ll be straight

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Anonymous replying to -> #4 17w

Yes and maybe an addendum being if you can max out your Roth first then start an individual brokerage account for yourself. I use Schwab. User interface is OK. Used to be a TD ameritrade until they got bought…

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