Which of the following is a benefit that derives from beginning to save for retirement early?
A)Fewer hassles from borrowing in retirement.
B)Greater compounding of interest.
C)Less total hours spent at work.
D)None of the above are benefits that are derived from saving early for retirement.

Question

Quizplus · Accepted Answer

Beginning to save for retirement early allows for greater time for compounding of interest, resulting in potentially higher overall savings for retirement. A and C are not directly related to saving early for retirement. D is incorrect as there are benefits to saving early for retirement.

Which of the Following Is a Benefit That Derives from Beginning