💨 Abstract

A savings plan is a flexible financial tool used for various purposes beyond retirement, such as emergencies, major purchases, children's education, and weddings. It offers disciplined contributions with steady returns and can be tailored to different financial goals and lifestyles. Young professionals, low-risk investors, those with short-term goals, and variable income earners can benefit from savings plans, which also provide tax savings.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖