Question

When might be the best time to start saving for retirement?

Answer 1

The best time for start saving for retirement is at the earliest possible date.

Further explanation:

Retirement is the age when you leave your job and stop working. The best time of saving is as earliest as you can start savings since expenditure will always associated with you. No matter whether you have bought a house or paid off the loan of the student, you must save all the time whenever possible.

Following is the plan for savings:

Pay yourself first- List the fixed amount of savings other than your spending.

Follow automatic saving methods: Use a direct automatic transfer of certain amount from your salary account into a salary account each month.

Save part or all of other income: Select your tax refund, tip money and annual bonus directly to the saving account.

Make saving bucket: Closely observe these things when your salary grow:

• Holiday Shopping
• Things you want
• Vacation
• Retirement

Create some emergency fund- Create some emergency fund other than the saving fund for the emergency cases.

Learn more:

1. Minimum payment of credit card

brainly.com/question/6453895

2. Charging fee in case of credit card

brainly.com/question/1124275

3. Consequences of non-payment of monthly credit card payment

brainly.com/question/3211811

Answer details:

Grade: College

Subject: NA

Chapter: NA

Keyword:

Best, time, start, saving, retirement, earliest, possible date, bought house, student loans, emergency, fund, leave job, stop working, saving, money, salary, account, taxes, bonus

Answer 2

Answer

At the earliest possible date.

Explanation

Retirement is the act of leaving your job and stopping working, usually because you are old: Your retirement benefit is based on your highest years of earnings and savings and your age when you start receiving benefits. consistently saving a little money for retirement at the earliest possible date.is much better than saving a lot more money when you are in your fifties.