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CNBC

Should you max out your 401(k) or IRA at the beginning of the year?

By Alicia Adamczyk

“From our research, we believe that an investor that maxes out their IRA at the beginning of each year would have an additional $8,800 after 10 years compared to those who wait to make their contributions until later in the year,” Andrew Westlin, a certified financial planner at Betterment, tells CNBC Make It, citing this blog post. “That’s why we always say time in the market is more important than timing the market.”

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This article originally published July 28th, 2019 on CNBC