end of year | Ed Slott and Company, LLC

end of year

Don’t Miss These 3 Year-End IRA Deadlines

It is hard to be believe it is December already. The holiday season is now in full swing. There are gifts to buy and wrap and parties to attend. It’s no wonder that during this time of year many people are not thinking too much about their retirement accounts. Don’t make this mistake! Year-end deadlines for IRAs can sneak up quickly at this time of year. Act now while you still have some time because missing these three IRA deadlines can be costly. Take your RMD for 2019 If you have a Traditional IRA (including SEP and SIMPLE IRAs) and you reached age 70½ prior to 2019, you must take your 2019 required minimum distribution (RMD) from your IRA by December 31, 2019.

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