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Questions and Answers
Why is it important to start saving for retirement as soon as possible?
Why is it important to start saving for retirement as soon as possible?
- The sooner you start saving, the sooner you can stop
- You might never have as much money again as you have today
- Your savings will grow due to the power of compound interest (correct)
- All of the available answers are correct
What are some of the reasons that people retire?
What are some of the reasons that people retire?
- All of the available answers are correct
- They may lose their job and be unable to find other employment
- Their employers expect them to retire at the age of 60
- They are unable to continue working for health or personal reasons (correct)
Is contributing to a retirement fund through your job usually sufficient to meet your needs after you stop working?
Is contributing to a retirement fund through your job usually sufficient to meet your needs after you stop working?
- Depends on the amount and period you save, the growth on your savings, and your individual needs (correct)
- Yes, your employer will always make sure you are saving enough
- None of the available answers is correct
- No, it is impossible to save enough through your employer’s fund
What is retirement?
What is retirement?
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Which of the following is usually true about retirement?
Which of the following is usually true about retirement?
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