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Question 2 of 25

Why should you start saving for retirement early?

A. The longer you save, the less your money will be worth due to inflation.
B. The longer you save, the more money your investments will earn.
C. The longer you save, the less you will pay in taxes.
D. The longer you save, the more likely it is your investments will lose value.



Answer :

GinnyAnswer

Final answer:

Starting to save for retirement early is crucial for maximizing your retirement savings through compound interest.


Explanation:

The earlier you contribute to your retirement plan, even if it is a small amount, the richer you will be at retirement due to the magic of compound interest. Starting early allows your investments to grow over time, generating more earnings. This is essential to secure a comfortable retirement.


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