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Important end-of-year dates for your retirement accounts

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Laura KampsCheck your calendar

403(b) and IRA exchanges/transfers/rollovers

Exchanges, transfers, and rollovers require significant processing time. Your completed paperwork (including approved third-party administrator transaction authorization, if applicable) will be submitted to the payer company by the end of December if we receive it by December 7. This includes requests for IRA recharacterizations and conversions. Call us if you have any questions. We’re happy to help you through the process.

Postdated checks

We are unable to accept IRA contribution checks written and received this tax year (2018) for next tax year (2019). Postdated checks will be returned.

Year-end withdrawal deadlines

If you would like to take a lump sum withdrawal from your 403(b) or IRA accounts before the end of 2018, your completed request (including third-party administration transaction authorization, if applicable) must be received by us on or before December 14. Requests received after this date may not be processed before year-end.

Watch your contribution limits…year-end is closing in

Employee contribution limits for 403(b) accounts are $18,500 for 2018; however, employees age 50 and older can contribute an additional $6,000 for a total of $24,500 per year. Give us a call if you need assistance. 

Laura Kamps, Financial Planning Specialist