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Why I Have 3 Different Brokerage Accounts

Why I Have 3 Different Brokerage Accounts

There are many options, including taxable accounts, Roth IRAs, rollover IRAs, and traditional IRAs. A taxable brokerage account makes up one of the three accounts I have with my brokerage firm. Another big benefit of my taxable account is that I won't need to wait until I'm 59 ½ in order to be eligible to withdraw the funds in the account -- which isn't the case with my tax-advantaged retirement accounts.