Save for retirement from "summary" of Investing Simplified by Chuck Price
Saving for retirement is a crucial aspect of financial planning that many people tend to overlook. It involves setting aside a portion of your income consistently over time to build a nest egg that will support you during your retirement years. The earlier you start saving for retirement, the better off you will be in the long run. One key reason to save for retirement is to ensure that you have enough money to cover your living expenses once you stop working. Social Security benefits may not be enough to maintain your standard of living, so having additional savings is essential. By starting early and contributing regularly to a retirement account, you can take advantage of compound interest and grow your savings over time. There are various retirement savings options available, such...
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