Question

Why is it important to plan early for your retirement?
That way you can choose the right major in college.
In order to take advantage of the power of compounding.
Planning early will allow you to invest in new companies.
Taxes on retirement investments increase as you get older.

Answer 1

It is quite important to begin to plan early for your retirement In order to take advantage of the power of compounding.

Why should you plan early for retirement?

When you start planning early for retirement, you get to invest funds earlier and leave them to grow for longer.

This means that you can take advantage of the power of compounding, in that your investment will compound for longer and accumulate to higher levels.

Find out more on compounding at https://brainly.com/question/24924853.