Retirement planning should begin
A) as early as possible in order that you accumulate sufficient funds for retirement.
B) as soon as you start working full time.
C) a few years before you plan on retiring.
D) you do not need to plan since social security and your firm's pension will be sufficient.

Question

Quizplus · Accepted Answer

Retirement planning should begin as early as possible in order to allow for sufficient time to accumulate the necessary funds. The earlier you start, the more time you have to save and invest, which can help grow your retirement nest egg. Waiting until a few years before retirement may not provide enough time to build up adequate savings. Relying solely on social security and a pension from your company may also not be enough to cover your retirement expenses, making it important to plan and save on your own.

Retirement Planning Should Begin