Question

Is it ever too late to save for retirement?

a. yes, you want to begin saving at least 5 years before you plan to retire.
b. yes, you want to begin saving at least 25 years before you plan to retire.
c. yes, you want to begin saving at least 35 years before you plan to retire.
d. yes, you want to begin saving at least 45 years before you plan to retire.

Answer 1

It is never too late to start saving for retirement, but starting early is better. Experts recommend starting to save at least 35 years before retirement to allow your money to grow through compound interest.

Step-by-step explanation:

It is never too late to start saving for retirement, but the earlier you begin, the better. Experts recommend starting to save for retirement at least 35 years before you plan to retire.

This allows your money to work for you over a longer period of time and grow through compound interest.