An individual brokerage account is one of the most basic and flexible types of investment accounts you can open. With brokerage accounts, you can buy and sell investment vehicles, such as stocks, bonds, mutual funds and options, through a licensed broker with very few restrictions.
A money market fund (not to be confused with money market accounts) is a mutual fund that invests only in cash and cash equivalent securities. These are liquid, short-term investments with high credit quality, including: - Certificates of deposit (CDs) - U.S. Treasuries
A traditional individual retirement account (IRA) allows you to contribute direct, pre-tax income towards investments that can grow tax-deferred. These accounts use pre-tax income similarly to how corporate 401(k)s work. When you withdraw (after age 59.5), you pay taxes on the money.