While this happens more in case of long duration investments, people with short
term investment plans too, often fail to meet the desired goals simply by forgetting about their investment.
Not exact matches
But it's important to pad your wealth
plan with steady, reliable sources of income,
too — and to have
investments that you can tap in the short
term if you need the money.
Except
Term plans, which don't have an
investment component, all others are good
investment options
too.
If you aren't comfortable with a full - on
investment account such as a 529
plan, or you feel
too close to college to see the benefits of a long -
term investment account, a traditional savings account is a viable option.
We
too recommend that, one should first secure his family with a
term life insurance, and then compare various
investment options available which include money - back
plans, ULIPs and Mutual Funds.
Also, as compared to the low cost pure
term insurance
plans which do not offer any surrender / maturity benefit, whole life
plans have an
investment component
too and this is often used as a savings instrument.