Hi BGR,
I want to get involved in investing but don't know if I should do a IRA(probably roth bc I'm only 20 and a student/working part time) or if I should just go for a normal brokerage account. Ideally, the money will go towards retirement in the very end, but I'm worried if I'll ever need the emergency funds for something and not be able to access them if they're in an IRA. Thoughts?
Why not both?
Personally, I'd start with a Roth IRA. It's tax-advantaged, which means your money has the potential to go a lot farther. Thought you're right that a non-retirement brokerage account is easier to access in the event of an emergency. So here's your order of operations, precious:
Establish an emergency fund. Here's how.
Open a Roth IRA. Here's how.
Open a brokerage fund and start splitting your investments between it and the IRA. Here's how.
Good luck, precious child!
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