How much retirement money will you cost yourself $($lose$)$ if you postpone investing into your Roth IRA by $1$ year. That is$,$ what will be the difference in your retirement account balance if you decide to wait $1$ year from today to start investing rather than starting today?

Here$$s your plan: You want to compare starting your investments today versus waiting $1$ year to start. Regardless, you will invest $$7,000/$year into your Roth IRA and you will make a total of $50$ annual investments. Your IRA will earn you an average rate of return of $7\%$ annually. You currently have no money in your IRA

How much money did it cost you to wait $1$ year to start investing?