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|Subject: Re: Diff between 401K,regular IRA, brokerage acc||Date: 4/1/2008 7:57 AM|
|Author: makumar11||Number: 62083 of 75864|
Thanks Don. You're right, I used the term brokerage account to refer to a taxable brokerage account that does not contain any kind of IRA, rollover IRA etc.
If I open a new IRA, the contributions will not be pre-tax, as I won't qualify for pre-tax dollars going into IRA.
At that point, it seems like having a regular brokerage account where I can buy and hold mutual funds for the long term (non IRA, non-retirement account) seems better to me, unless I'm missing something.
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