Is it ever too late to save for retirement?

Question

(1 point)
Responses

Yes, you want to begin saving at least 5 years before you plan to retire.
Yes, you want to begin saving at least 5 years before you plan to retire.

Yes, you want to begin saving at least 25 years before you plan to retire.
Yes, you want to begin saving at least 25 years before you plan to retire.

Yes, you want to begin saving at least 35 years before you plan to retire.
Yes, you want to begin saving at least 35 years before you plan to retire.

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 the earlier you start, the better off you will be. Starting to save at least 25-35 years before you plan to retire is recommended to ensure a comfortable retirement. However, even if you are closer to retirement age, it is still important to start saving as soon as possible to maximize your savings.