| Schwab Brokerage Account | Retirement Account | Education Savings Account | |
|---|---|---|---|
| Best for | Flexible investing, any timeframe | Tax-advantaged retirement savings | Tax-advantaged education savings |
| Ways to invest | Individual stocks, ETFs, mutual funds, bonds, options, futures | Individual stocks, ETFs, mutual funds, bonds, options, futures | Pre-selected diversified portfolios from multiple fund families |
| Taxes | Taxable gains and income | Tax-deferred growth and tax-free withdrawals (depending on IRA type) | Tax-deferred growth |
| Fees1 |
No minimums $0 online stock/ETF commissions |
No minimums $0 online stock/ETF commissions |
No minimums/enrollment fee 0.20% to 0.82% annual portfolio expenses |
| Withdrawal flexibility | No penalties | Penalties for early withdrawal | No penalties for qualified expenses |
| Yearly contribution | Unlimited | Limited | Limited |
| Get started | Learn more | Learn more |
