“Decide what type of account [you] should invest in, whether it should be a brokerage account, IRA, or Roth IRA.
“Decide what type of account [you] should invest in, whether it should be a brokerage account, IRA, or Roth IRA. There are limitations on how much you can put in an IRA or Roth IRA in a given tax year, so you may need to open more than one type of account,” says Niestradt. With the right account or buckets, you can then begin selecting your investments.