For a bit of context, I know next to nothing about banking or investing. Please forgive anything I say that may seem ignorant. I'm 20 years old and in the Army. I currently bank with USAA, however they don't seem to have what (I think) I'm looking for in regards to long term savings.
What steps do I take to open a high yield savings account? My goal is to accrue enough money to say, purchase land or build a house in 20 or so years. From what I understand, retirement accounts like IRAs can't be opened in period as short as ≈20 years. (I'm currently putting into TSP for retirement).
I suppose in just looking for advice on where I begin saving, and things I should try to steer clear of. Thanks for any advice; I know this might seem like a simple question, but I'm not well versed in this kind of stuff.
Submitted May 06, 2020 at 07:50PM by Cyrotik https://ift.tt/2WMSZGr
