Why Contribute Early To Your IRA
Investors have the potential for their retirement savings to grow more by making their IRA contributions earlier.
There is nearly a 16-month period over which you can contribute to an IRA for that tax year. Making an early contribution gives your retirement savings more time to benefit from the power of compounding.
Accelerating contributions can have a significant impact over the long term. While investments are not guaranteed to grow every year, over time, you are likely to benefit from being invested longer.