CONTRIBUTE TO CALEAH’S FINANCIAL FUTURE
We are investing ALL birthday money into her Brokerage and Roth IRA accounts. We’re buying shares of Apple & Microsoft as well as Index Funds that track the S&P 500.
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A Brokerage Account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs. Whether you're setting aside money for the future or saving up for a big purchase, you can use your funds whenever and however you want.
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A Roth IRA is a special type of tax-advantaged individual retirement account to which you can contribute after-tax dollars. The primary benefit of a Roth IRA is that your contributions and the earnings on those contributions can grow tax-free and be withdrawn tax-free after the age 59½ assuming the account has been open for at least five years.