Retirement Planning 25-35

Why is it important to start saving for retirement early?

• It helps money grow due to compound interest

• Retirement funds are not necessary

• You can start saving just a few years before retirement

• The government will provide full financial support

What is the Employee Provident Fund (EPF)?

• A savings scheme for government employees only

• A pension scheme only for retired individuals

• A retirement savings scheme for salaried employees

• A type of insurance policy

What does NPS (National Pension System) provide?

• A flexible investment plan for retirement

• A loan for buying a house

• Free healthcare benefits

• A fixed pension amount every month

Which of these is the best reason to diversify your retirement investments?

• To reduce financial risk

• To invest all savings in one place

• To increase taxes

• To avoid saving for retirement

What should be a priority while planning for retirement in your 20s and 30s?

• Only investing in stocks

• Balancing savings with other financial goals

• Spending everything while young

• Relying only on inheritance