Planning your financial future is about strategy — you want to make sure you’re working as smart as possible. Work smart, not hard, as they say. That can mean using the right “tool” for a given job, which I think goes underappreciated in personal finance.
It’s not very smart to put all of your money into a single investment since diversification helps you achieve results while protecting against the downside of things you can’t predict. Diversifying how and where you invest your money can also protect you from life’s curveballs and ensure you have a complete financial toolbox when retirement arrives.
The following three investment accounts are essential financial tools that can serve different purposes and come with pros and cons. Using them could make your golden years your best years.
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