Same as Martin's answer but uses versions to switch over after editing to final version. I could not resist myself from posting, so kindly bear with me.
\documentclass{article}
\usepackage{lipsum} %% Provides dummy text
\usepackage[T1]{fontenc}
%-------------------------------------------------------
\newenvironment{editLater}{\fontfamily{ptm}\selectfont}{\par}
\newenvironment{finalVersion}{\fontfamily{cmr}\selectfont}{\par}
%-------------------------------------------------------
\usepackage{versions}
% \excludeversion{editLater} %% uncomment this line if you want final version alone
%-------------------------------------------------------
\begin{document}
%% once you edit completely, change editLater to finalVersion inside braces.
\begin{editLater}
\lipsum[1-2]
\end{editLater}
\begin{finalVersion}
\lipsum[3-4]
\end{finalVersion}
\end{document}
Edit
This uses comment package.
\documentclass{article}
\usepackage{lipsum} %% Provides dummy text
\usepackage[T1]{fontenc}
%-------------------------------------------------------
% \newcommand{\editLater}[2]{{\fontfamily{ptm}\selectfont #2}}
% \newcommand{\finalVersion}[2]{{\fontfamily{cmr}\selectfont #2}}
%-------------------------------------------------------
\newenvironment{editLater}{\fontfamily{ptm}\selectfont}{\par}
\newenvironment{finalVersion}{\fontfamily{cmr}\selectfont}{\par}
%-------------------------------------------------------
\usepackage{comment}
%\excludecomment{editLater} %% uncomment this line if you want final version alone
%-------------------------------------------------------
\begin{document}
%% once you edit completely, change editLater to finalVersion inside braces.
\begin{editLater}
\lipsum[1-2]
\end{editLater}
\begin{finalVersion}
\lipsum[3-4]
\end{finalVersion}
\end{document}