Of course it is better to starting investing for long term goals, especially retirement, earlier rather than later to take advantage of compounding of interest and investment returns. However, for persons nearing retirement, there are some advantages of waiting. Tthere are many financial decisions best made by
procrastinators. The longer the wait, the better they turn out,
like some fine wines. Here are some financial moves that are just as well delayed.
Transferring from a traditional individual retirement
account to a Roth IRA.
Buying TIPS. Treasury inflation protected securities
"Buying a fixed annuity. Annuities are like flat-screen
televisions. They keep getting better and cheaper."
"Paying off that mortgage. Should you hurry to kill your
loan by paying extra principal every month? Not usually."
And, although not mentioned in the article, delaying retirement is often the best move for making money last.
Read the details and rationale at: http://www.reuters.com/article/2013/02/20/column-stern-advice-idUSL1N0BK7QU20130220
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