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4 Smart Money Moves to Plan for Financial Security

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They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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What Is a Brokerage Account and Do You Need One?

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Simply put, brokerage accounts are a way to purchase stocks, bonds, or other investment vehicles like exchange-traded funds and access them in one place. Brokerage accounts are a great addition to a diverse portfolio along with your retirement accounts and emergency fund, but they should not be used in place of these other accounts.