This is the entity that lets you buy and sell investments for you. Usually, you pay a fee for this service. There are also plenty of online discount brokers, where you often pay a flat commission per trade.
A type of retirement plan offered by employers to their employees, which usually allows investors to put their money to work in mutual funds or index funds.
A traditional IRA is an individual retirement account that offers tax advantages to savers. You won’t pay taxes upfront, but you will when you withdraw during retirement.
An individual retirement account allowing a person to set aside after-tax income. Similar to the Traditional IRA. you can contribute the maximum of $5,500 to a Roth IRA ($6,500 if you are age 50 or older by the end of the year).