To purchase most kinds of bonds, you’ll require an investment account. Just as there is a sum of bank accounts for different objectives— checking, savings, money market, certificates of deposit — there are so many investment accounts to know about.
Some accounts recommend tax advantages when investing for a specific target, such as retirement. Remember that you may be overtaxed or penalized if you withdraw your money too soon or for a reason not considered accusable by the rules. Other accounts are general goals and must be used for aims unrelated to retirement —the boat to go with it, a dream vacation home, or a home redecoration down the line.