Saving money is the backbone of any long-term financial plan. While other investments will go into a long-term financial strategy, standard savings accounts and other more accessible vehicles are also highly recommended to serve individuals when emergency needs arise. While a saving plan will not net high returns, it can serve as a holding pool to build up enough money to invest in other vehicles. It is often best to set a standard monthly deposit amount and stick with it to build up reserves.
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Saving for College? Consider a 529
The 529 college savings plan (named after the section of the Tax Code that governs it) is... »
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