Jenna is 22 and makes $18,000 per year. She has made some tough trade-offs and sacrifices to ensure that she is spending less than she is earning. She has a few discretionary dollars left each month, which she keeps in her savings account. Her parents have urged her to put some of that discretionary money into a retirement savings plan at work, but she feels she'd rather build her savings account for a safety net and will contribute to a retirement savings plan when she is earning a higher salary. Given this scenario
A. Jenna should start saving for retirement now.
B. Jenna has time to save because she is young. She can wait.
C. The idea of taking advantage of compound interest at this time does not make sense.
D. Jenna is making a financially wise decision.
Answer: A
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