Plan for retirement early from "summary" of Let's Talk Mutual Funds by Monika Halan
Starting to plan for retirement early is crucial to ensure a comfortable and financially secure future. Many people tend to put off thinking about retirement until it is too late, which can lead to financial struggles later on. By starting to plan for retirement early, you give yourself more time to save and invest, allowing your money to grow and compound over the years. One of the key benefits of starting to plan for retirement early is the power of compounding. Compounding is the process by which your money earns interest on both the initial investment and the accumulated interest. The earlier you start saving and investing, the more time your money has to compound, resulting in a larger nest egg for your retirement. Another advantage of planning...
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