Want to Avoid Some Holiday Stress?

By Elsie Dudukovich0 Comments

Many people know April 15 as the Big Day when it comes to making sure certain things get done in regards to their IRA and other tax-related matters, but there is another deadline to take notice of.  December 31 is an important deadline for items such as Roth IRA conversions, Fair Market Valuations, and Required Minimum Distributions (RMDs).  While December 31 may be the tax year deadline, it’s important to get these requests in motion now.  Taking action today is a great opportunity to avoid one more source of stress at what is often one of the busiest times of year in business and personal life.

Equity Trust needs to receive all forms, documentation, or other paperwork in good order by December 2 in order to process a request by year-end.  Requests received after December 2 may be subject to a $50 Expedited Processing Service Fee.

Expedited transaction requests need to be received by December 15 in order to be processed by the end of the year provided all forms, documentation, or other paperwork is in good order.  Unfortunately, requests received after December 15 are not guaranteed to be processed by December 31.

When it comes to looking at your processing options, Expedited Processing Service is an option only available to distribution requests.  If you still have an RMD to take, it may be possible to choose this option.  This option is not available for Roth conversions and Fair Market Valuations.

Please also take note of the dates Equity Trust will be closed:
  • November 27 (Thursday)
  • November 28 (Friday)
  • December 24 (Wednesday) – open until 12pm EST
  • December 25 (Thursday)
  • January 1, 2015 (Thursday)
If you have any questions or need assistance with completing a Roth conversion, Fair Market Valuation, or taking a Required Minimum Distribution, please contact your First Class Service team.