Question

Which of the following is a good reason to start saving for your retirement as early as possible?
choose two
A.
Unpredictability of the investment market

B.
Pre-taxing of 401(k) plans

C.
Lack of pension plans being offered by employers

D.
Uncertainty of the Social Security system

Answer 1

C and D.

- Employers are offering fewer pension plans, so you need to build your own retirement savings.
- Social Security’s future is uncertain, so you can’t rely on it as your sole source of retirement income.