When contributing the max. yearly amount to a Roth or Traditional IRA, do you recommend making a one time contribution (say max. $6,000) each year, or spread the contributions out monthly over the entire year (say $500/month x 12 months)? I was doing the monthly contributions for the dollar-cost averaging, but now thinking that I am missing out on that max. amount working for me for the entire year. Would love to hear other’s insights. Thank You
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Many studies have shown that lump sum investing is better than DCA
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Thank you very much for your replies. I will switch to yearly lump sum contributions.
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