submitted 10 months ago by 32sqft@mander.xyz to c/personalfinance@lemmy.ml

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I’ve read that if you have the money up front, investing it as a lump sum on January 1st will produce higher returns more often that investing on a monthly/weekly basis. Is there more to consider in 2024 with our current high interest rates?

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[-] davel@lemmy.ml 5 points 10 months ago* (last edited 10 months ago)

The sooner the better, the only caveat being that you might not know whether to fund a traditional IRA or a Roth IRA until you’ve done your taxes for the year. That’s why the IRS lets you fund the previous year’s IRA until tax filing deadline of the next year (usually April 15th).

this post was submitted on 04 Jan 2024

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