As we approach the end of 2025, many clients have questions about important deadlines that may affect their retirement accounts and tax planning. Here are answers to the most common questions we're receiving.
What is the IRS deadline for 2025 retirement account transactions?
December 31, 2025 is the final IRS deadline to complete Required Minimum Distributions (RMDs), Qualified Charitable Distributions (QCDs), and Roth IRA Conversions for the 2025 tax year.
Why do I need to contact you before December 31st?
To ensure your transaction is processed by the IRS deadline, our custodian needs time to process your request. This means we have internal submission deadlines that are earlier than December 31st.
What are the deadlines for Required Minimum Distributions and Charitable Gifting?
To allow adequate processing time, please contact us by December 10, 2025 for all Axos Advisor Services (Exchange) accounts.
Requests submitted after this date will be processed on a best-efforts basis, but there is no guarantee they will be completed by December 31, 2025.
What if I want to do a Roth IRA Conversion for 2025?
The deadline for Roth IRA conversions from Axos Advisor Services (Exchange) accounts is December 10, 2025.
Important reminder: Roth conversions are irrevocable and cannot be reversed once processed. Please consult with your tax advisor regarding the tax implications before proceeding.
I have a systematic IRA distribution scheduled for early January 2026. Will this count as 2026 income?
This is an important consideration. Axos Advisor Services processes systematic distributions one business day prior to the scheduled date. This means:
- Distributions scheduled for January 1 or 2, 2026 will be processed on December 31, 2025
- These will be reported as 2025 income, not 2026 income
To ensure your systematic distribution is reported for 2026, we recommend scheduling it for the 5th of the month or later. If you need to adjust your scheduled date, please contact us as soon as possible.
What happens if I miss these deadlines?
Requests submitted after the internal deadlines listed above will be processed on a best-efforts basis. However, there is no guarantee they will be completed by the December 31, 2025 IRS deadline, which may affect your 2025 tax reporting.
What should I do next?
If you need to take action on any of these items:
- Contact us as soon as possible to discuss your needs
- Allow adequate processing time by respecting the deadlines listed above
- Consult with your tax advisor regarding the tax implications of any distributions or conversions
How can you help me with these year-end transactions?
Year-end retirement planning can be complex and may have significant tax implications. We are here to service our clients and assist you with navigating these important deadlines. Our team is available to help you understand your options and work with you through the process.
If you have questions about RMDs, charitable distributions, Roth conversions, or any other year-end planning needs, please reach out to our office. Phone (530) 672-1703. Email info@cfgstrategies.com.
Disclosure: This content was generated utilizing the help of AI research and is intended for informational purposes only. Investing involves an inherent element of risk and it is possible to lose money. Past performance does not guarantee future results; individual results may vary. Please consult a qualified professional for personalized advice. For specific estate planning or tax advice, please consult a qualified estate planning attorney or tax advisor/CPA.