Q: What is the difference between saving and investing?

Saving most often means to set liquid funds aside and safely store them for an emergency or other use, at what is usually a low interest rate. It is generally recommended that a person save 3-6 months of their regular expenses before investing. Click here for more information about savings accounts.

Investing involves the purchase of "investment" products that involve risk but may have higher rates of returns. Click here to learn about our financial planning options.