Important Birthdays Over 50
Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last.
When you are older, “and-a-half” birthdays start making a comeback. In fact, starting at age 50, several birthdays and “half-birthdays” are critical to understand because they have implications regarding your retirement income. To learn more about the impact your upcoming birthdays can have on your overall retirement, click on the button to the right and download our guide!
Important Dates In 2020
January 15th: Due date for quarterly estimated taxes for the fourth quarter of the previous year.
April 15th: Last day to file income taxes or apply for an extension. Also, estimated taxes for Q1 are due. Also, this is last day to contribute to a traditional or Roth IRA, and a HSA for the previous year.
June 30th: Last day to submit a FAFSA application.
September 30th: Last day to determine beneficiaries after an IRA owner’s death.
October 15th: End of six-month filing extension period for federal taxes. Also, extended deadline to contribute to an SEP IRA for the self-employed and self-business owners.
December 31st: Last day to take RMDs from an IRA, 401(k), and inherited IRAs. Last day to set up most types of retirement accounts so contributions count for the current year. Also, last day for 401(k) contributions, itemized deductions, stocks, and gifts to count for the 2020 tax year.