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What is a Systematic Savings Plan?
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30th Nov 2009 by Mark P. Cussen, CFP, CMFC
A systematic savings plan is simply a plan where the investors allocates a set amount of money into a savings or investment account on a regular basis. Systematic plans can be either voluntary in some cases or automated, such as with an employer-sponsored retirement plan where a portion of the employee's pay is diverted into a retirement savings account.
A systematic savings plan is simply a plan where the investors allocates a set amount of money into a savings or investment account on a regular basis. Systematic plans can be either voluntary in some cases or automated, such as with an employer-sponsored retirement plan where a portion of the employee's pay is diverted into a retirement savings account.
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29th Nov 2009 In Investing
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