In the News

Title

Why Investors Wait Until April to Fund Their IRA

Document Type

Article

Publication Date

3-31-2016

Abstract

Some investors are loath to fund their IRA until the last minute, waiting until shortly before the April 15 deadline, a practice that can affect the returns on their retirement portfolios.

Although a large number of investors follow this strategy, waiting until April to make the contribution yields lower returns long-term, said Robert Johnson, president of The American College of Financial Services in Bryn Mawr, Pa.