20
QuizMultiple Choice

Retirement — Test

Question 20 • Financial Math

Which recommendation would best help people ages 18–29 get their retirement savings on track?

Answer
A
Start investing early in low-cost index funds.
B
Focus primarily on paying off student loans.
C
Delay retirement planning until income stabilizes.
D
Increase spending on lifestyle needs.

Explanation

Starting to invest early gives savings more time to grow through compound returns. Low-cost index funds can provide broad diversification while keeping fees down, which helps preserve more of the investment’s growth. Delaying planning or focusing only on debt can mean missing valuable years of potential investment growth.

AI-written and checked against the verified answer.

Previous
Next