Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Roth IRA – Important Dates to Keep In Mind

Posted by Mark On March 9th

It’s not if you should convert your traditional IRA(s), SEP(s) or SIMPLE(s) to a Roth IRA…

…but it’s how much of your those IRA(s) do you convert to a Roth IRA.

The deciding factor in this calculation – is how much cash, outside of the traditional IRA, is available to pay the tax that will become due in April 2011 or April 2012 and 2013.

With that in mind, below, and over my next series of blogs, are thoughts to consider beyond the headlines in the financial news publications that will save tax dollars and make your Roth conversion a win today and into the future.

Import Dates to keep in mind

January 1, 2010: First day to convert a Traditional IRA to a Roth IRA with no MAGI ($100,000 prior to January 1, 2010) limitation.

December 31, 2010:  Last day to take advantage of delaying taxes on Roth conversation in 2010 until 2011 and 2012.

April 15, 2011: Due date for 2010 tax return without an extension.

October 15, 2011:  Due date for 2010 tax return with an extension.  Last day to re-characterize a 2010 Roth conversion.

Do you have any questions, comments or concerns about Roth IRA’s?   If so, please contact me, or call me at (239) 384-9688, and I’ll be happy to answer them.

– Mark


This information is based on facts, assumptions and representations as stated and authorities that are subject to change.  We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.

LEGAL NOTICE AND DISCLAIMER:  The information within this post is for informational and educational purposes only and is not tax advice and should not be used as such.  The facts of each individual situation can have significantly different outcomes when applying tax law.  The hiring of a CPA is an important decision not to be based solely on advertisements.

1 Response

  1. Roth IRA: 8 Tips That Will Get You Started With Your Personal Wealth Planning | Cash Flow Planning for Life Says:

    […] Tip 1 – Important Dates to Keep In Mind. […]

    Posted on September 9th, 2010 at 9:40 am

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