Which one of the following investment vehicles provides before-tax savings to be used in the retirement planning process?
True. Considering when you will need the money is crucial for determining the appropriate savings or investment strategy. It helps you assess your time horizon and risk tolerance, ensuring that your financial choices align with your goals and liquidity needs. This awareness can guide you in selecting the right accounts or investment vehicles.
no generally a savings account does not come with a card unless it is an ATM
A savings account at a credit union is generally called a share account.
true
true
There are many different types of savings vehicles out there to fit many different needs. Some examples include Money Market Accounts, Vacation or Christmas Clubs, Savings Bonds, and 529 accounts.
Which one of the following investment vehicles provides before-tax savings to be used in the retirement planning process?
True. Considering when you will need the money is crucial for determining the appropriate savings or investment strategy. It helps you assess your time horizon and risk tolerance, ensuring that your financial choices align with your goals and liquidity needs. This awareness can guide you in selecting the right accounts or investment vehicles.
Weight savings.
A savings account at a credit union is generally called a share account.
no generally a savings account does not come with a card unless it is an ATM
A savings account at a credit union is generally called a share account.
savings decrease
true
True
The risk of a money market mutual fund is similar to that of a savings account. Both are low-risk, slow-growth savings vehicles. Money market funds are viewed as a cash equivalent, similar to a savings account.