Author Topic: URGENT: Roth Conversion deadline to the minute!  (Read 413 times)

jpdx

  • Bristles
  • ***
  • Posts: 260
URGENT: Roth Conversion deadline to the minute!
« on: December 29, 2018, 10:02:28 AM »
Hello savvy people. I'm waiting to receive a large amount of business income that may or may not arrive in my bank account on Monday Dec 31st 2018. If I do not receive the income, then I would like to do a Roth conversion before the 2018 deadline. What is the cutoff time to execute the conversion for 2018 at Vanguard? 4PM EST, or midnight, or something else?

secondcor521

  • Handlebar Stache
  • *****
  • Posts: 1797
  • Age: 49
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: URGENT: Roth Conversion deadline to the minute!
« Reply #1 on: December 29, 2018, 10:11:21 AM »
If you are converting mutual funds at Vanguard, I would guess you would have to submit the transaction by 3:59pm Eastern time on Monday December 31st.  It does appear that the markets are open Monday for a full day.

If you're cutting things that close, I would try to do the transaction online, and I would be aware of things like my web session timing out, the fact that Vanguard's website may be a little busy, and that the clock on my PC may not match Vanguard's clock.

K-12FI

  • 5 O'Clock Shadow
  • *
  • Posts: 52
Re: URGENT: Roth Conversion deadline to the minute!
« Reply #2 on: December 31, 2018, 07:00:20 PM »
Well OP? How did it go???

jpdx

  • Bristles
  • ***
  • Posts: 260
Re: URGENT: Roth Conversion deadline to the minute!
« Reply #3 on: January 01, 2019, 08:58:49 PM »
Mission accomplished!