1. when you get your first promotion
   at age 32
2. right now

Get started right away! The earlier you start saving, the easier it'll be to save up for a comfortable retirement.

1. Contribute money from each paycheck to a 401k or IRA.
   Set aside money in a savings account.
2. both of the above

By combining riskier, market-based investments like 401k or IRA plans with cash savings, you'll be in a much safer place financially in the long term.

1. TRUE
2. FALSE

If you're retiring late, you can still start collecting your Social Security benefits. You might consider investing this extra income or using it to pay down debt so that you'll be in better financial shape when you're ready to retire.

1. when you're very close to retirement age to give your savings a boost
   never
2. when you're young

It's better to take risks when you're young, while your finances still have time to bounce back in case those risky investments don't pan out.

1. at age 65
   when you're no longer employed full time and receiving medical insurance from your employer
2. both of the above

While there is an exception for folks who receive medical benefits from a full-time employer, you'll face higher premiums and possibly spend some time uninsured if you don't sign up for Medicare when you turn 65.

1. TRUE
2. FALSE

While getting a late start on retirement saving might mean a late retirement or having to work part time, it's never too late to meet with an advisor, come up with a plan and start working toward retirement.

1. I don't make enough money.
   I have too much credit card debt.
2. neither of the above

Unless you're living below the poverty line, chances are you can find a way to prioritize saving for retirement by cutting back on other expenses. Even if you're saving just a small amount per paycheck, you'll be in better shape down the road than if you saved nothing at all.

1. TRUE
2. FALSE

To save more aggressively, you may want to contribute more than the maximum matching amount, if you can afford it.