Today's workers will live longer and have higher expectations for their standard of living in their later years than their parents or their grandparents did. the investment To meet the goal of enjoying a good lifestyle after retiring-or to simply support yourself-the , the more likely you are to meet those goals. True or False: To wisely invest for your retirement, place the vast majority of your retirement savings in your employer's company stock. True False in As you get closer to retirement, usually around age you should adjust your retirement investment portfolio to be order to protect it against market fluctuations. I'm Young - Should I Really Start Retirement Investing Now? Consider the following scenario. You and a friend just finished school and started your first jobs. You've been offered the option to enroll in the company's retirement plan, to which you can contribute up to 5% of your pretax income. Your employer will match your contribution. You accept the offer but your friend is thinking about declining, preferring to spend that 5% on vacations and clothes. For the wisest and most sound retirement planning, what do you advise your friend to do? Decline. Live for today! Don't decline! Accept the offer. Why would you advise your friend to do that? Five percent isn't that much anyway and income tax on it is even less. There's no income tax on the 5% contribution, and by matching our contribution, our employer is essentially giving us money