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The goal you are saving for can impact the way to save as well as some of the strategies you use. Keep in mind:
For example if your are saving for emergencies you don't want to take any risk, and could need the money at any time. The best way to save would be a traditional savings account with a bank. If on the other hand you were saving for a child's college and you had many years you might want to consider a 529 plan.
