Question

Which statement about saving for retirement is true?

A. Beginning to invest for retirement at a young age is smart because
funds will generate interest for a longer time.

B. Beginning to invest for retirement at an older age is smart
because you can take advantage of having taxes deferred.

C. Most people don't need to invest in a retirement fund because they
will receive Social Security.

D. The size of a retirement fund depends only on how much is
invested, not when it is invested.

Answer 1

Answer:

A

Explanation:

This is true because starting to save at an early age accumulates the funds by the time one is retiring. And despite the income one receives, the retirement funds will be enough for one to use.

Answer 2

The most correct answer is A.
Retirement Savings attracts interest. The longer it stays the more the future earnings.

What is retirement?

Retirement is the action of withdrawing from formal employment or ceasing to do formal work.

Why is retirement savings important?

After a while, people are no longer able to exert themselves physically and mentally as they ought to when they were young. Retirement savings is the money that has been put away for such times.

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