Retirement Account Deadlines

Here is a great article found at Money by EMILY BRANDON| U.S.News & World Report LP. Please see below. – Kris

Make sure you meet these retirement account deadlines

To maximize the value of your 401(k) and IRA accounts, you often need to meet specific tax deadlines. Here’s a look at what you need to do before the end of the calendar year, and what can wait until your tax filing deadline:

Make 401(k) contributions by December 31. Workers age 49 and younger can defer taxes on up to $17,000 in their 401(k) in 2012. Contributions are generally due by December 31. “It’s not unusual to have someone put a large portion of their paycheck in a 401(k) plan in the month of December,” says Randy Clayton, a certified financial planner for Clayton Financial Services in Topeka, Kan. “You can go to HR or personnel and change it just for one or two paychecks to get more money into the 401(k).”

Deposit catch-up contributions. Catch-up contributions to 401(k)s are also typically due by the end of the calendar year. Workers age 50 and older can contribute up to $22,500 to a 401(k) plan in 2012, $5,500 more than younger workers.

To read more, please visit the Money article link.

Integrity Financial Corporation’s flagship 401k client is the Association of Washington Business (AWB) in Olympia. AWB is Washington state’s premier advocate for the business community and is recognized as The State’s Chamber of Commerce. This plan has a BrightScope Rating of 76, placing it in the top 15% of all plans in its peer group.

Integrity Financial Corporation helps business owners and individuals build a financial legacy through well designed executive compensation and retirement plans. Our clients can expect to receive personalized service and expertise, built on a foundation of trust. To contact an advisor, please call us at 1.800.794.4015.

Please visit our website at to have an independent fiduciary 401k advisor at Integrity Financial Corporation analyze and evaluate your company’s 401k plan.