Author Topic: End of Year Closeout  (Read 1362 times)

blue_green_sparks

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End of Year Closeout
« on: November 21, 2020, 09:28:32 AM »
I was thinking of doing all my income accounting and initiating my final income-setting transfer from Trad IRA to Roth (intra Fidelity) on Dec 15. Curious as to when you make your final transfers, rollovers, etc. I am just guessing a mid-month close-out will be accurate while allowing enough time to not cause issues with year-end cutoffs.

Caoineag

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Re: End of Year Closeout
« Reply #1 on: November 21, 2020, 09:31:41 AM »
I make my year end roth conversions once I know I have pulled all the money from my taxable accounts that I want to pull for the year. I just did the conversion a couple of days ago. Generally anytime in November or early December for me.

seattlecyclone

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Re: End of Year Closeout
« Reply #2 on: November 21, 2020, 10:05:41 AM »
I'll be waiting until all my taxable index funds have declared their dividends. That will probably be in the last week of the year.

HawkeyeNFO

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Re: End of Year Closeout
« Reply #3 on: November 24, 2020, 01:08:55 PM »
ONLY sell after the dividends are paid out.  Some pay quarterly, some pay annually. 

Mr. Green

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Re: End of Year Closeout
« Reply #4 on: November 24, 2020, 03:16:42 PM »
I'll be waiting until all my taxable index funds have declared their dividends. That will probably be in the last week of the year.
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