Important IRA Deadlines Coming Up!

September 30th

  • Deadline to determine the designated beneficiaries for an inherited IRA.

October 1st

  • Deadline to establish a Simple IRA Plan for 2014.

October 15th

  • Deadline to recharacterize your excess or unwanted 2013 IRA contributions.
  • Deadline to correct any excess 2013 Health Savings Account contributions.

October 31st

  • Deadline to submit a copy of all qualified trust documentation to the IRA trustee, custodian or administrator when a trust is the beneficiary of an inherited IRA.

November 2nd

  • Deadline for employers to submit their Simple IRA plan notification to maintain a plan for 2015.

December 31st

  • Deadline for taking a regular RMD for 2014 -this applies to both IRA owners and IRA beneficiaries.
  • Deadline for multiple IRA beneficiaries to take advantage of the separate account rule.



More Updates


For trusts that inherited an IRA in 2019, an important deadline is approaching. The due date to provide required trust documentation to the IRA custodian to ensure that the longest payout period possible is available for the inherited IRA is October 31, 2020. Generally, only individuals who are named on an IRA beneficiary form can

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The coronavirus-related distribution (CRD) rules for Roth conversions have a gaping hole. An “affected person” (as we have defined in previous blogs), is entitled under the CARES Act to withdraw up to $100,000 from their IRA or workplace retirement plan. A CRD avoids the 10% early distribution penalty for those under 59 1/2, can be

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Rolling Over an RMD

Like most people’s lives, the retirement world is upside down. This is made evident by a single statement: “Required minimum distributions (RMDs) can be rolled over.” Yes, that is the new normal—at least for this year. RMDs are considered the first money out of an IRA and workplace plan. Typically, these dollars are ineligible to

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