Another important aspect of personal financial planning is saving for the future. The types of savings may include real estate, personal assets and different types of saving/investing accounts. Saving/investing accounts include bank chequing/saving accounts, guaranteed investment certificates or term deposits, and registered plans and investment accounts (stock/bond trading accounts). Registered plans for Canadians include Registered Retirement Savings Plan (RRSP), Tax Free Savings Account (TFSA), and Registered Education Savings Plan (RESP). Registered plans for Americans include Individual Retirement Account (IRA) and 401k account.