Commission free Trading
The first step to getting started is to open an IRA brokerage account. The brokerage account will allow you to purchase not only mutual funds, but also individual stocks. Trading within an IRA account will allow you to compound your gains tax-deferred. (You may also want to consider a Roth-IRA brokerage account depending on your expected tax bracket at retirement). There are plenty of on-line brokers that offer IRA accounts from which to choose. The commissions typically range from $7.95 to $19.95. The problem with the commission is that it eats into your profits, especially when you are just getting started. But there is good news.
No comments:
Post a Comment