What's the difference between a taxable investment account and a retirement account?

Taxes, and your overall investment goals, play an important role when deciding where to invest your funds. 

At Ellevest, your Build Wealth, Kids, Splurge, Business, and part of your Retirement goal funds are invested in a taxable investment account. The other part of your Retirement goal funds are invested in a Traditional IRA, Roth IRA, or SEP IRA, depending on which account you selected when adding the goal to your Ellevest profile.

For more information on how taxable investment accounts and retirement accounts are different, check out our Magazine article -- the part that starts with "When you'll pay taxes" is particularly helpful here!