Rakuten vs ideco

[John_conner]

Hi,

I'm noobie so please bare with me.

1. What is the difference between Rakuten and ideco account?

2. I was looking at Rakuten to start investing in Vangaurd funds but have seen some funds on the ideco lists. Do the two accounts do the same thing?

many thanks in adnave for any help.

[RetireJapan]

Rakuten is a broker. Other brokers include SBI, Monex, Matsui, and most banks/financial institutions.

iDeCo is a type of tax-advantaged account. You can open it at most brokers/banks. Other types of account include NISA (also tax-advantaged) and taxable accounts.