It is a good idea to start saving for retirement as early as possible to take advantage of compounding returns on your savings.

Question

Quizplus · Accepted Answer

Starting to save for retirement early allows for more time for your savings to grow and earn returns through compounding. Compounding occurs when the returns on your savings generate more returns over time, resulting in a bigger nest egg for retirement. By starting early, even with small contributions, you can benefit from decades of compounding growth.

It Is a Good Idea to Start Saving for Retirement