Saving and investing money is a good idea, no matter what
the end goal. Should you have a specific financial goal for
which you're saving, however, some investments are better
than others.
This is particularly true when accumulating money to pay for
college and/or retirement. That's because the government views
these as legitimate goals that not only help individuals but
also strengthen the nation's economy.
Consequently, the government provides specific tax advantages
for some investments and not others--as a motivator to encourage
people to save for targeted goals.
Believe it or not, there are better ways to pay for college
than taking out a second mortgage on your house. Read on for
some of the newer plans offering tax incentives.
40% of Americans believe that their best chance of providing
for retirement will be through winning the lottery. Alas,
there are better ways to increase your odds.
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