Hello All. I am sure this is a stupid question to most people but I am going to ask it anyways. What is the main difference between an individual brokerage account and an IRA? What would be the benefits of an IRA? What's running in my head is, let's say I have an individual account, I buy stocks I keep them long term, I sell them at the age of 60 I have to pay taxes ETC. I have an IRA, I don't sell until I'm 60, I still have to pay taxes just not much? Is there something I'm missing.?
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