October & November Financial Planning Timeline
October
□ Monday, October 17-Final day to file your tax return if you have an extension.
□ Monday, October 17-Final day to re-characterize your Roth IRA conversion if there is a loss
□ In October, the Internal Revenue Service traditionally announces the next year's contribution ceilings for IRAs and other retirement plans.
□ If you plan to give tax-exempt gifts to relatives or friends this year, remember the limit is $13,000 per person (unchanged from 2010). Couples can double that amount.
November
□ Tuesday, November 1-Semi-annual setting of I-bond and EE savings bond rates announced by the Terasury Department.
□ Thursday, November 24-Thanksgiving Day (markets closed)
□ The holiday season, begins a time when you are likely to pick up investment tips around the party punchbowl. No matter the source, take the cautious path; check out the facts and consult your financial advisor before acting on any tips.
