If you wait 7-9 years after starting your first full-time to begin saving for retirement,your nest egg at age 67 will likely be about one-half what it would have been if you had started right away.

Question

Quizplus · Accepted Answer

This statement is true. Starting to save for retirement early allows for more time for compound interest to work and for investments to grow. Waiting 7-9 years can significantly reduce the amount of money one will have saved for retirement.

If You Wait 7-9 Years After Starting Your First Full-Time