Fall is a much-anticipated season for many people. Warm sweaters, big game days, beautiful foliage, and pumpkin carving are among things we look forward to as the cooler months approach. Checking in on actions you may need to take for your individual retirement account (IRA) may not be on your radar with so many other exciting activities to plan. However, there are several key deadlines this season that you must meet for the 2022 tax year to ensure your account establishments, contributions, and transfers meet specific requirements.
It can be overwhelming to sort through this information alone and understand key differences between IRA account types. Here, we break it down for you so you can enjoy the season with peace of mind, knowing your IRA accounts are in proper order.
Upcoming Fall Deadlines, IRA Actions, and Considerations
Use the chart below to map out upcoming IRA deadlines, learn what they mean for your accounts, and special notes to consider before you act. By meeting these deadlines, plan sponsors and individuals can avoid penalties and get the most from their IRA accounts.
