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General

  • Still not understand much but the general strategy is that we can buy and hold from a various of index fund/mutual fund/bond

  • Can use either Robinhood or some other options (Charles Schwab or Fidelity) (seems like CharlesSchwab and Fidelity is better than RH)

  • Normal brokerage account vs Roth IRA

    • Brokerage account takes in after-tax money and withdrawals is also taxable
    • Roth IRA also takes in after-tax money but withdrawals is tax free, but is only available after 59 1/2, otherwise under penalty