Describe two types of investment accounts that you might use in the future. For each type of account, list at least one reason why the type of account might be useful to you

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06-04-2018
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Describe two types of investment accounts that you might use in the future. For each type of account, list at least one reason why the type of account might be useful to you

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quile78 quile78 · Answer 1 · 2018-04-06T23:20:33+02:00

401k is an investment account that you can use to save your paycheck from your work. Most employers provide this.

A 529 is also another good investment for saving up for college as there are no taxes applied to the investment or income as long as it is used for schooling.

A HSA plan is able to accumulate value for a future health purchase and is also usually taken out of your paycheck. Taxes do not apply so you get the full value of the amount you decide to set aside.