Saving to meet long-term objectives,such as retirement,university or college attendance,or to purchase a home,is called ________ saving.

Question

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Life-cycle saving is the type of saving that is done to meet long-term objectives, such as those mentioned. This type of saving takes into account the different stages of a person's life and the financial needs that come with those stages. It is structured so that the individual can achieve their financial goals over time, by putting money aside on a regular basis.

Saving to Meet Long-Term Objectives,such as Retirement,university or College Attendance,or