I realize that you have until April 15th (Tax Day) of the following year to make an IRA contribution, but why wait that long? Paying yourself should be one of your first goals when planning your financial future. That means the time to begin putting money aside is now … that is, if you don’t have a “Wayback Machine” and do it yesterday. Waiting until the last minute means that you are wasting time, and time is the most critical factor in wealth accumulation for most people. Why do you think that the average senior citizen has more money than the young person? They have been accumulating it longer!