Definition

A brokerage account lets you invest in stocks, bonds, ETFs, and mutual funds without the contribution limits or withdrawal rules of retirement accounts. Gains are taxable in the year you realize them, but there is no penalty for accessing the money. It is the standard place to invest beyond maxed-out tax-advantaged accounts, or for goals before retirement age.

1. How to Start Investing: A Step-by-Step Guide for Beginners

   Investing feels complicated until you understand the order of operations. This guide walks you through exactly what to do first, second, and third — without overwhelming jargon.
   investing

1. Index Fund

   A fund that tracks a market index instead of trying to beat it.
2. Capital Gains Tax

   Tax on the profit when you sell an investment for more than you paid.
3. Roth IRA

   An individual retirement account funded with after-tax money that grows and is withdrawn tax-free.