comparing savings and investment plans
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comparing savings and investment plans instrument maturity Savings Account Immediate Certificate of Deposit 90 days or more yield minimum balance taxable? None if insured Low $5 Yes None if insured Moderate Varies Yes risk Bonds ■ Corporate 5–30 years Some Moderate $1,000 Yes ■ Municipal 1–20 years Some Moderate $5,000 No federal, some states ■ Stocks Immediate Low to high Low to high Varies Yes 1 year or less None Moderate $10,000 Federal only ■ Notes 1–10 years None $1,000 Federal only ■ Bonds 10–30 years None $1,000 Federal only Varies Low to high Moderate Varies Usually When buyer is 60 years old Low Moderate Varies At maturity U.S. Treasury ■ Bills Mutual Funds Retirement Funds www.practicalmoneyskills.com saving and investing overhead 12-O
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