Now, James, there's something called a brokerage account. It's also called a taxable account.

It's also called a joint account and an individual account. There's so many different names because

the financial industry just wants to keep you on your toes. No, but in all reality, we call it

the superhero account because this is an account that many people are not aware of in terms of

how should you be invested inside

this account and also just what are the benefits of that so this is a superhero account i

literally had someone call up vanguard and tell me they tried to open a superhero account

and that they had no idea what they were talking about because it's not a real name. We just call it

the superhero account, which is once again a brokerage account. So today we're going to talk

about what are best practices with this account? Why is it we even call it superhero account?

Are there other names that will use root reserves and otherwise for what we do at root? Yes,

there are. We're going to hop in. First thing I want to do is

read the comment, and this was in our community. And Abe T says, so I've heard a lot about how cool

this account is, et cetera, et cetera. Sure, I understand what it is and why it's good, blah, blah, blah,

but I want to understand if there are

actual cons of this superhero account. So why on earth, James, do we even call it a superhero

account? Well, typically investing kind of equals retirement in most people's mind. I'm going to

invest money because one day I'm going to stop working. And that's true, but that's a very binary thing.

This money is either to be spent today or this money is to be spent in retirement. And

retirement accounts are things like 401ks, IRAs, Rath IRAs, etc. Wonderful accounts. Lots of great

benefits to them. But a brokerage account, so if someone's wondering, if it's not clear by now,

if you go to the IRS website and look up superhuman, nothing's going to pop up. So let's be very clear. This is not the legal, technical IRS given name. It's just a name that implies the sense of if you have this account, it gives you way more flexibility. It provides you way more optionality. You can invest your money. You could spend it on a car before retirement age, a vacation.

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