IRA account opening due date means??
4/18/16–Is it IRA account opening due date for 2015 or funding availability date? I opened Roth account but it has not been funded yet. I know it is process but not sure will be funded by 4/18. Your advice please. What happens if it is not funded by 4/18. Will it be considered as 2016 contribution?
Thanks
Permalink Submitted by Alan - IRA critic on Sat, 2016-04-16 18:31
Postmark rules apply, so if you are sending in papers to establish an IRA account with the contribution, both must be postmarked by midnite 4/18/2016. It is up to the IRA custodian to determine if you have provided sufficient information for them to establish an account submitted by the deadline. If you are contributing to an existing account, then only the contribution must be received by the deadline. Custodians vary as to how they will handle a late contribution or a contribution not flagged for the year it applies to.