BOSTON (MarketWatch)—If you’re like most people, you probably own a few IRAs, a 401(k), and a Roth IRA. And, if you’re like most people you might have a wee bit of trouble keeping track of all the key dates associated with those and other retirement accounts.
Yes, Uncle Sam didn’t make it easy on those of you saving for and living in retirement. “IRAs have numerous deadlines that people need to be aware of,” said Jeffrey Levine, an IRA technical consultant with Ed Slott and Co. “Most of the time, missing a key deadline is an irrevocable and irreparable mistake. Even in the rare cases when a deadline mistake can be fixed, the solution tends to be costly and time consuming.”
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Thankfully, however, there are plenty of folks, including Levine, who know the key dates for you to put on the calendar now—before the rest of the year gets away from you. (In other words, enjoy August.)