The New Year marks the opportunity for a new beginning. It’s a time to reflect, refresh, and recommit. A great way to start may be with solid financial resolutions that can help you reach your goals. You can start by making a list, but the key is creating actionable steps and sticking to them. Below are important deadlines to help you stay on track.

 

January

• 1^st:Medicare Open Enrollment period begins. During this time, you’ll have a one-time opportunity to switch plans or return to Original Medicare¹
• 1^st:Medicare General Enrollment period begins. If you delayed enrollment, you can sign up for Medicare Parts A and/or Part B and coverage will be begin July 1^st1
• 15^th:Deadline for Q4 2018 estimated tax payment²

February

• Begin organizing your 2018 taxes
• 1^st – 28^th: Medicare Open Enrollment Period continues
• 1^st – 28^th: Medicare General Enrollment Period continues

March

• 31^st: Deadline for Medicare Advantage Open Enrollment
• 31^st: Deadline for Medicare General Enrollment

April

• 1^st: If you turned 70 ½, this is the last day to withdraw your first IRA required minimum distribution (RMD) to avoid a hefty tax penalty³
• 15^th: Deadline for taxes or apply for an extension
• 15^th: Deadline for payment for Q1 estimated taxes²

June

• 15^th: Deadline for Q2 estimated tax payment²

September

• 15^th: Deadline for Q3 estimated tax payment²
• 30^th: Deadline for determining designated beneficiaries of an IRA or employer-sponsored retirement plan⁴

October

• 15^th: Deadline for extended individual tax returns
• 15^th: Medicare Open Enrollment period begins and ends December 7^th

November

• 1^st – 30^th: Medicare Open Enrollment Period continues
• 1^st – 15^th: Open Enrollment Period for individual health insurance⁵

 

December

• 7^th: Medicare Open Enrollment Period ends
• 15^th: Deadline for Open Enrollment for individual health insurance
• 31^st: Deadline for stocks, RMDs, itemized deductions, and gifts to count for 2020 taxes

 

As we approach a new year, it’s a great time to reflect on this year’s finances and to also be prepared for what’s to come in 2020.

 

 

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¹ https://www.medicareresources.org/faqs/when-is-the-next-medicare-open-enrollment-period/#dates

² https://turbotax.intuit.com/tax-tips/tax-planning-and-checklists/important-tax-deadlines-dates/L7Rn92V1d

³ https://www.myfederalretirement.com/rmd-april-1/

⁴ https://www.investopedia.com/articles/retirement/03/091003.asp