Top Investment Accounts for Accumulating Cash

by | Jan 8, 2024 | Fidelity IRA | 24 comments

Top Investment Accounts for Accumulating Cash




We’ll go over some of the many investment accounts to store your accumulated cash.
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One thing to look at is by comparing traditional banking an brokerage accounts. We’ll also discuss doing things individually versus doing things as a business. There is gonna be quite a bit of a difference between those two treatments from an asset protection standpoint, from a tax standpoint, and from a legacy standpoint.

Watch and listen to learn about some of the best investment accounts with Toby Mathis, Esq.

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ABOUT TOBY MATHIS

Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.

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When it comes to accumulating cash for the future, there are a variety of investment accounts that can help you reach your financial goals. Whether you’re saving for retirement, a down payment on a house, or just building up an emergency fund, choosing the right investment account can make a big difference in the long run. Here are some of the best investment accounts to consider when looking to accumulate cash.

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1. 401(k) or 403(b) Plans: If your employer offers a 401(k) or 403(b) plan, this is often one of the best places to start accumulating cash for retirement. These accounts allow you to contribute a portion of your paycheck on a pre-tax basis, and many employers offer matching contributions, which essentially gives you free money for your retirement savings.

2. Individual Retirement Accounts (IRAs): IRAs are another great option for saving for retirement. There are two main types of IRAs: traditional and Roth. With a traditional IRA, your contributions are typically tax-deductible, and your investments grow tax-deferred until you start making withdrawals in retirement. With a Roth IRA, your contributions are made with after-tax dollars, but your withdrawals in retirement are tax-free.

3. High-Yield Savings Accounts: If you’re looking for a safe and secure place to accumulate cash for a short-term goal or emergency fund, a high-yield savings account may be the best option. These accounts typically offer higher interest rates than traditional savings accounts, allowing your money to grow more effectively while still being easily accessible when you need it.

4. Brokerage Accounts: If you’re looking to accumulate cash for a medium to long-term goal, such as buying a house or funding your child’s education, a brokerage account can be a good option. With a brokerage account, you can invest in a wide range of securities, including stocks, bonds, and mutual funds, and potentially earn a higher return on your cash than with a traditional savings account.

5. Health Savings Accounts (HSAs): If you have a high-deductible health insurance plan, a health savings account can be a great way to accumulate cash for medical expenses. HSAs offer both tax-deductible contributions and tax-free withdrawals for qualified medical expenses, making them a tax-efficient way to save for healthcare costs both in the short and long term.

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When it comes to choosing the best investment account for accumulating cash, it’s important to consider your financial goals, risk tolerance, and time horizon. By carefully evaluating these factors and exploring the various options available, you can make the most of your cash and build a solid foundation for your financial future. Whether you’re saving for retirement, a big purchase, or just a rainy day, the right investment account can help you achieve your financial goals.

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24 Comments

  1. @CrackTheNut

    Need more information on Day trading taxes. Great video

  2. @pulpprof526

    You don't use Vanguard? May I ask why? Shwabb and Fidelity are great too, but Jack THE GREAT Bogle of Vanguard is my hero!

  3. @alliesteam9776

    How do your premium members find out more about this topic? Thank you for sharing useful expertise!

  4. @mariavelasco6131

    Excellent videos. Aprendo muchísimo . What are you thoughts in Fidelity investment accounts?

  5. @TobyMathis

    Learn about Real Estate & Asset Protection at our next ALL DAY FREE LIVESTREAM 9 AM to 4 PM PT. Our attorneys and specialists answer ALL questions you bring to us at this event we have two times a month. Save Your Seat: https://aba.link/915018

  6. @alliesteamc3546

    Thank you for sharing your expertise!

  7. @alliesteam9776

    How to compare WST and. W LLC ?

  8. @jbrodie9901

    I have one llc…. About to open a business brokerage and checking with fidelity. My Roth and personal brokerage are at schwab. My company simple is with Vanguard but they done do business brokerage so about to port that over to fidelity. Do you have any videos about this last point about tax advantages of an llp. I'm about to be gifted a family business and perhaps there's a better structure. My plan is to dump it in my revocable living trust along with my other LLC (which files as a single member Sub-S )… Ahhhh help!

  9. @amp7816

    Toby: For trading purposes with + $100k, should I my Anderson law coordinator form an LLC partnership, taxed as a SCorp?

  10. @jamesvictoriamunroe1752

    Poppy you have to get the car and the kids will come over to your place

  11. @calsig1436

    Toby I think we need a follow up video on the last point about making investing a business and getting write offs.

  12. @deborahjohnson6748

    neontool_ on lg just did a perfect job in recovering my device

  13. @Kwh1212

    Over funded whole life insurance.
    read Becoming your own banker by R Nelson Nash. This is what commercial banks do and you and I can do it too! It’s Contract Law not IRS tax code. To not mention this make me question your smarts…

  14. @NPMike

    Great vid! I have a high interest checking account (4%APY) that requires a min of $10K daily balance. Thoughts?

  15. @Ashleycakeomg

    Toby aka TOBECHUKWU means PRAISE G-D ! In the Nigerian Igbo language. Thank you so much for this invaluable message. We PRAISE the POWER that works within you for others. I PRAISE GOD for you.

  16. @makemoneyt9366

    thank u so much for this VID!!! I lost my job due to the pandemic – so i started a youtube channel about making money online. Wish me luck!!! THANKS

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