✉news BusinessPersonal Finance first seen 13 h ago, last 11 h ago, peak #25

Roth Conversions Face Year-End Cutoff as Brokers Stop Early

Original: A Roth Conversion Has to Settle by December 31, but a Roth Contribution Can Wait Until April 15. Fidelity and Schwab Stop Processing Conversions Days Before Year-End, and the IRS Doesn't Care Why You Missed It

Taxpayers converting retirement savings to a Roth IRA must complete the transaction by December 31 to count for the tax year, while regular Roth contributions can wait until the April 15 filing deadline. Brokers such as Fidelity and Charles Schwab halt processing conversions days before year-end, and the IRS offers no relief for late conversions, prompting warnings to investors to act early.

Why now: The year-end deadline creates urgency, and many savers do not realize brokers stop processing conversions before December 31.

FidelityCharles SchwabIRSRoth IRA

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• A Roth Conversion Has to Settle by December 31, but a Roth Contribution Can Wait Until April 15. Fidelity and Schwab Stop Processing Conversions Days Before Year-End, and the IRS Doesn't Care Why You Missed It · 24/7 Wall St.

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