So it is January again, and every year at this time, people have finally decided to either save some taxes by contributing to a traditional IRA or making a non-deductible contribution to a Roth IRA (I have to admit that I am in this crowd.) But this is costing you money on your retirement long term because of that friendly little guy called Compounding. Contributing during the previous year can really help this guy do his job. See this posting in MarketWatch from The Wall Street Journal by Jonnelle Marte for more details:

http://www.marketwatch.com/story/delaying-ira-contributions-can-cost-you-2014-01-07?siteid=yhoof2

Coming up with the money early may be a strain, but when you start taking the money out, that little guy has some powerful mojo when it comes to growing your retirement income!

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