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I would use my brokerage account for savings that would not be used for at least 7-8 years. It seems like a good idea to me to start an IRA rather than a normal brokerage account and be able to save on the tax-free accumulation..if I need the money I can still take out my principal tax free and without penalty. I have an account with scottrade for around 3,000 and would like to just use the vfinx fund for the IRA. Does this sound like a good savings strategy.
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