1. Two key concepts behind building wealth when saving for retirement are:

    Compounding and dollar cost averaging
    Managing distributions and taxes
    Learning to play golf and booking cruises
  2. Why start saving early for retirement?

    To combat inflation’s effect on the buying power of a dollar
    Because employees can no longer depend on employer funded pensions
    To take advantage of the long-term effects of compounding interest
    All of the above
  3. One drawback to some employer-sponsored plans is:

    After-tax contributions
    A drawn out vesting period
    A maximum yearly contribution limit of $15,500 or $20,500 if you’re over 50