The short answer is no. It is never too late to start investing, particularly if you have access to a defined contribution plan, such as a 401(k), through your employer. These types of plans offer at least one distinct benefit and one potential benefit. First, the money you contribute to a defined contribution plan is done so on a pre-tax basis, meaning your annual tax liability is reduced. Second, if your employer provides matching contributions, that is free money. Why would anyone pass up free money? However, I would offer
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Published on April 23, 2014 05:00