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!

Interested in learning more? Connect with one of our CERTIFIED FINANCIAL PLANNER™ professionals for a complimentary consultation at a time that works best for your schedule. We only need 15 minutes of your time to talk through some of your priorities, financial goals, and money-related questions.