Do retirement plans savings have year-end deadlines? Yes & No. Plan quirks that may surprise you.
If you are a business owner with a retirement plan and, for whatever reason, you are scrambling to stuff retirement savings into your plan.
Maybe your cash flow is tight or you are preoccupied with other year-end stressors?
You have some leeway to contribute until your tax filing deadline depending on the type of plan you set up for your business.
The year-end rules for:
1. Traditional & Roth IRAs
2. SEP IRA's
3. Defined Benefit Plans
4. Regular 401(k) Plans
5. Solo 401(k) Plans
Whatever your reason for needing more time, take advantage of the extended savings window if your plan allows for it.
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