What Kinds of Accounts can I Open & Invest in?
What Kinds of Accounts can I Open & Invest in?
The following account types are available through Ignite Investing:
Traditional IRAs, Roth IRAs, Rollover IRAs, Joint and Individual accounts.
Below are lists of account types you might find available to you elsewhere:
Accounts that may be offered by an employer:
Accounts with preferential tax treatment:: 401(k), Roth 401(k), 403(b), 401(a), 457, TSA, Defined Benefit Plan (Pension in the traditional terminology), SIMPLE IRA Plan, SEP IRA Plan
Accounts that may be opened at a third party custodian such as Charles Schwab or Vanguard by self-employed individuals:
These accounts offer preferential tax treatment: Solo 401(k), SEP IRA
Accounts that may be opened at a third party custodian such as Charles Schwab or Vanguard by anyone:
These accounts offer preferential tax treatment: Traditional IRA, Roth IRA, Rollover IRA.
These accounts do NOT offer preferential tax treatment: Individual, Joint or Community Property, Trust
