Consider the following scenario:

Anna, Brian, and Corey are all 25 years old and just graduated from college. They decide that they need to start planning for their retirement.

Anna has a lot of student loans - so she waits until he is 35 years old to start saving. At that point, she saves $2,000 per year until she turns 65.

Brian starts saving $2,000 a year beginning at age 25. He does this through age 34. When he turns 35, he loses his job and never quite recovers his footing. He never again saves anything for his retirement.

Corey diligently saves $2,000 a year starting at age 25 and does so through age 65.

Assume that their retirement savings average a return of 6.5%. Which has the better strategy? How much of a difference is there in outcomes? What causes the difference in the outcomes? What advice would you provide?