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How can I set up a retirement account?
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To set up a retirement account, you'll need to decide which type of account is right for you, such as a 401(k), Traditional or Roth IRA, or a brokerage account. You will then need to collect the necessary documents, such as your Social Security or Tax ID number, and pick a financial institution where you will open your account. Afterward, you will need to fund your account by contributing a minimum deposit, and you may also need to decide which investments you would like in your portfolio.