It really makes little difference whether you start retirement savings at age 25 or at age 45.

Name: It really makes little difference whether you start retirement savings at age 25 or at age 45.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Starting retirement savings earlier allows for a longer time horizon for investment growth and compounding, resulting in larger savings. Waiting until age 45 may require a much larger percentage of income to be saved each year in order to achieve retirement goals.

It Really Makes Little Difference Whether You Start Retirement Savings