New SIMPLE IRA self-employed contribution deadline

Submitted by Joyce Johnston on Sun, 2013-03-10 22:27

I’m self-employed and decided to open a SIMPLE IRA this week of 3/10/13.

From what I’ve read, my employee contribution (50+ $14,000) should have been made by 1/31. Have I missed the deadline for 2012 and should just start for 2013?

Thanks in advance.



Submitted by Alan - IRA critic on Mon, 2013-03-11 01:53

It’s too late for 2012. Perhaps you should consider a SEP IRA for 2012.



Submitted by Joyce Johnston on Mon, 2013-03-11 10:25

Thanks!



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