For most people, yes. Most investors have goals they want to reach before retirement age. Using a brokerage account can help provide accessible income that you can tap into before you reach age 59 ½.
This strategy is very useful for people who are planning an early retirement. For example, suppose you want to retire at age 50. You’d still have 9 ½ years before you can access your IRA funds without being penalized by the IRS, and most likely even longer until your Social Security benefits kick in.
Funding a brokerage account won’t provide any immediate tax benefits, but it’s the best way to grow your income. Plus, there are no annual contribution limits, so you can put as much money as you are comfortable investing to maximize growth. Just make sure to fully educate yourself about what you are investing in before diving in and don’t invest any money that you can’t afford to lose.