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When most people think of investing, they immediately turn to their employer 401k, or maybe IRA accounts. But are there better options?
“Qualified” retirement accounts like 401k’s and IRA’s aren’t the only game in town.
Investing for your retirement can also take place outside the conventional qualified account realm.
Another option to be considered is regular “Non-Qualified” investing. We’re talking about regular investment accounts with mutual funds, stocks, etc. Below are some benefits these accounts can have that you may not find with your retirement accounts.
Another possibility with regular investment accounts is donating the funds as your charitable contribution strategy. Here’s more on that – click here.
Each situation is unique and should be considered accordingly. Be sure to check with your investment advisor to implement the right strategy for you!