Tax Forms Schedule:

Allow 2 weeks after the dates below to receive forms by mail

If you have any accounts that are NOT IRA's you should wait until mid-March to submit your tax returns to avoid having to file an amended return in the future. There are strategies to change the tax type of NonQualified accounts to avoid the delay to mid-March, schedule an appointment if you'd like to discuss.

January 31st – Tax forms for distributions from retirement accounts including IRA's & Roth IRA's are mailed and available online

March 15th – Tax forms for distributions & gains on NonQualified accounts are mailed and available online

April 15th - Tax forms for contributions to retirement accounts including IRA's & Roth IRA's are mailed and available online. You need to give contribution information to your accountant BEFORE these forms come out. If you need confirmation of contributions or to make last minute prior year contributions to a retirement account please let us know before April 1st

RMD's (Required Minimum Distributions)

·            The IRS recently increased the RMD age from 70 ½ to 73

·            Starting in late October we will review all IRA accounts for our age 73+ clients & if RMD's are not complete we will be contacting you to make sure the requirement is satisfied before 12/31

·            Many companies will send out RMD notices and if you have multiple IRA's you may receive multiple notices

·            You do not have to take RMD's out of each account: if you have multiple IRA's you can take your total RMD out of a single account or split the RMD in any way you wish

·            If you have been with us for a few years and are over 73 we likely have your RMD's set up to happen automatically

·            You do not have to withdrawal or spend your RMD if you don't need it, it can be re-invested but it must come out of your IRA

Securities offered through J.W. Cole Financial (JWC) member FINRA / SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Lifetime Planning and JWC/JWCA are unaffiliated entities.

Registered Representatives of J.W. Cole Financial, Inc. whose identities and associations with Lifetime Planning are disclosed on this site, may only conduct business with residents of the states and/ or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. No information provided on this site is intended to constitute an offer to sell or a solicitation of an offer to buy shares of any security, norshall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under securities laws of such jurisdictions. Please note that not all of the investments and services mentioned may be available in every state.

Our primary regulator, FINRA, provides numerous investor education materials. One resource is BrokerCheck, which provides information about firms and financial advisors.

For a copy of JWCF’s Form CRS, JWCA’s Form CRS, or JWC’s Disclosure Supplement please click here. By following the link, you consent to receipt of the Form CRS electronically.