What is the significance of setting up automatic transfers for retirement savings? Option: "It simplifies tax calculations", "It prevents impulsive spending of savings", "It guarantees a fixed rate of return", "It eliminates the need for budgeting"

What is the significance of setting up automatic transfers for retirement savings?

What is a key advantage of setting up automated transfers to a savings account?

How can saving money benefit your retirement?

What is the primary advantage of automating SIP investments?

What is the primary advantage of initiating retirement savings at an early stage in life?

What is a key benefit of starting retirement planning early?