The Cost to Wait tab illustrates the impact of waiting before starting (or increasing contributions, whichever the case may be) to the qualified plan.

While the initial decision may be whether to start now or in a few months, the cost of the decision should be viewed as how much the retirement account is reduced by delaying contributions.

The deposits made this next year will accumulate interest over the longest period of time; and therefore, waiting has the greatest impact on the account value.

Clicking on the buttons above the chart will change the information displayed in the chart.