The deadline for SIMPLE contributions is the tax filing deadline of the company, including extensions. For a previous year contribution, the SIMPLE plan must have been established by October 1 of the year for which the contribution is being made. For Agents and Brokers | Insurance Forums | About Us | Privacy/Legal | Contact Us | Site Map | Site Menu See similar questions...

The final deadline for making prior year IRA contributions is typically April 15. For example, a contribution for tax year 2007 may be made up until April 15, 2008. See similar questions...

Yes. A small business owner who elects to open an Individual 401(k) plan may also contribute the maximum dollar amount allowable under current law to an IRA or Roth IRA. However, contributions may not be deductible. See similar questions...

Yes. Starting in 2002, you may put after-tax contributions from a qualified retirement plan into a Traditional IRA. Yes, but only if you deposit the check into an IRA Rollover within 60 days along with the 20 percent your employer withheld. If you do not make up the 20 percent, this amount will be considered a distribution and taxed as ordinary income. It could also be subject to a 10-percent early withdrawal penalty. See similar questions...

For the Traditional and Roth IRAs and the CESAs, the contributions can be made up to the tax-filing deadline, generally April 15th. So even if your income is indefinite, you can still contribute up through tax deadline the following year. Telhio offers both free payroll deduction and direct deposit services to make contributing to your IRA on a regular basis easy and hassle-free. See similar questions...

IRAs for a taxable year can be opened and funded any time between the first day of a tax year and the date a tax return is due for that year, excluding extensions. For most taxpayers, this due date is April 15 of the following year. See similar questions...

You may open or contribute to your IRA for a year at any time during the year. You may open or contribute to an IRA for the previous year at any time prior to the due date (not including extensions) for filing your tax return for the previous year. For most people, this means that contributions for 2006 must be made by April 15, 2007. See similar questions...

No. SEP contributions can be made to Traditional IRAs only. While it is possible to convert a Traditional IRA containing SEP contributions to a Roth IRA, subsequent SEP contributions must be made to a Traditional IRA. See similar questions...

If you are single and have compensation from employment or earned income from self-employment and your modified adjusted gross income (MAGI) is less than $95,000, you can make the maximum annual contribution, regardless of your age; if your MAGI is more than $95,000 but less than $110,000, you can make a partial contribution. See similar questions...

No, but the employee participant may convert the SEP IRA into a Roth and pay the tax due on the conversion. See similar questions...

Yes. You can make contributions to your Rollover IRA. Please be aware that if you do make additional contributions, you may forfeit your opportunity to roll over your retirement savings into a new employer-sponsored retirement plan as different plans determine which assets, if any, it will accept. You should check with your new employer regarding their plan-specific rules. Maybe. See similar questions...

The deadline for employer SEP contributions is the tax filing deadline of the company, including extensions. See similar questions...

New legislation allows you to transfer your rollover IRA balance into your new plan, as long as the new plan accepts rollovers from IRAs. Before rolling your money into a new plan, you should compare the plan's investment options and withdrawal rules with those of your IRA. You may give up some flexibility or face stricter requirements if you make the move. See similar questions...

Yes, but the total combined contribution for the year may not exceed the maximum contribution described above. You must decide whether it is better to make a contribution to a traditional IRA, which might give you an immediate tax deduction, or contribute to a Roth IRA where you forgo the deduction but have the possibility of long-term growth that may later go untaxed. See similar questions...

A Roth IRA conversion can be done at any time before the end of the year. Do not confuse the Roth IRA April 15 of the following year contribution deadline with the December 31 Roth IRA conversion deadline. No. Because SEP and SIMPLE IRAs are already IRAs, you can convert them directly to a Roth IRA. However, for a Simple IRA, you must hold your Simple IRA account for at least 2 years before converting it to a Roth IRA. See similar questions...

You must complete your Roth IRA Conversion no later than December 31 of the tax year. To ensure that your account is converted by year end, it is recommended that you submit your paperwork no later than December 15. See similar questions...

Contributions for the taxable year can be made in one or more payments, at any time prior to the time for filing the eligible individual’s federal income tax return for that year (without extensions). This is generally April 15. Although the annual contribution is determined monthly, the maximum contribution may be made on the first day of the year. A married couple can make two catch-up contributions, as long as both spouses are at least age 55. See similar questions...

The Department of Labor (DOL) regulations state that salary deferral contributions are to be made as of the earliest date on which such contributions can reasonably by segregated from the employer's general assets (CFR 2510.3-102). In general, salary deferral contributions are calculated upon the determination of the participants' compensation/earned income using the participants' salary deferral agreement. See similar questions...

The employer contributions of profit sharing and matching should be deposited by the due date of the employer’s corporate return. If the employer has filed for an extension, the employer automatically receives an extension for depositing the employer contributions as well. For a calendar year plan the contributions will be due by March 15th. However if the employer files for an extension, the employer contributions will be due by September 15th. See similar questions...