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Tax advantaged investment accounts

Individual Retirement Accounts (IRAs)

IRAs are tax-advantaged accounts that individuals can use to save for retirement. There are two types of IRAs: Traditional IRAs and Roth IRAs. Traditional IRAs allow individuals to make tax-deductible contributions, while Roth IRAs allow individuals to make after-tax contributions and withdraw funds tax-free in retirement.

401(k) Plans 

401(k) plans are employer-sponsored retirement plans that allow employees to contribute a portion of their pre-tax income into a tax-deferred investment account. Many employers also offer matching contributions, which can help employees save even more for retirement.

529 Plans

529 plans are tax-advantaged savings plans that allow individuals to save for education expenses, such as college tuition and fees. Contributions to these accounts grow tax-free, and withdrawals are tax-free as long as they are used for qualifying education expenses.

Health Savings Accounts (HSAs)

HSAs are tax-advantaged accounts that individuals can use to save for qualified medical expenses. Contributions to these accounts are tax-deductible, and withdrawals for qualified medical expenses are tax-free.


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Taxable investment accounts

Brokerage Accounts

Brokerage accounts are investment accounts that allow individuals to buy and sell stocks, bonds, mutual funds, and other securities. These accounts are not tax-advantaged, but they offer greater flexibility and control over investment choices.

Custodial Accounts

A custodial investment account is an investment account that is opened and managed by an adult on behalf of a minor child. The adult is known as the custodian, and the account is held in the child's name. The purpose of a custodial investment account is to provide a way for parents or other adults to invest money on behalf of a child and to manage those funds until the child reaches the age of majority.

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