which investment is best for someone who is likely to need cash soon?\nmutual fund\ncd\n401(k)\nsavings…

which investment is best for someone who is likely to need cash soon?\nmutual fund\ncd\n401(k)\nsavings account

which investment is best for someone who is likely to need cash soon?\nmutual fund\ncd\n401(k)\nsavings account

Answer

Brief Explanations:

A savings account offers high liquidity, allowing quick access to cash. Mutual funds may have redemption delays. CDs have early - withdrawal penalties if cashed out before maturity. 401(k) withdrawals before age 59.5 often incur penalties.

Answer:

savings account