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3 Last-Minute Retirement Savings Strategies

While you can get a higher return by never rebalancing, those modest gains often come with a much higher level of risk. And when you take much higher risks, you should only be satisfied with much higher returns.

Hold off on contributing. It's not often you'll hear someone say that holding a pile of excess cash is a good financial decision; this year might be an exception. If you can't contribute to a Roth, it may make sense to withhold any end-of-year retirement contributions until 2013. With taxes surely to go up, for many Americans the benefit of the corresponding tax deduction will be more valuable next year.

Matthew Malone is managing editor of RothIRA.com, where he is part of a team of editors, writers and technology experts aiming to explain and simplify the complicated world of retirement savings.