Those who have delayed planning for retirement until their late thirties or forties should begin investing at least 35 percent annually in an effort to catch up.

Question

Quizplus · Accepted Answer

While it's advisable to start saving for retirement as early as possible, suggesting a one-size-fits-all percentage such as 35% annually is overly simplistic. The actual amount someone needs to save to catch up on retirement planning depends on their individual financial situation, goals, and the time remaining until retirement. Financial advisors often recommend a tailored approach rather than a fixed percentage.

Those Who Have Delayed Planning for Retirement Until Their Late