Your age plays a significant role in the type of investment accounts you should open or decisions you make. The best investment accounts for young adults have low (or no!) fees and no minimums. Further, the investment horizon matters because not all investing goals for young adults involve thinking over the long-term.
2. Best Retirement Investment Accounts for Young Adults
It’s never too early to start saving for retirement. Individual retirement accounts (IRAs) and company retirement accounts, such as 401(k), 403(b) and 457 plans are some of the most popular ways to save for retirement.