Here is what you need to know for 2014.
Provided by Joanna Moran
Financially, many of us associate April with taxes - but we should also associate April with important IRA deadlines.
*April 1 is the absolute deadline to take an initial IRA Required Mandatory Distribution (RMD).
*April 15 is the deadline for making annual contributions to a traditional or Roth IRA.1,2,7
Let's discuss the contribution deadline first, and then the deadline for that first RMD (which affects only those IRA owners who turned 70½ last year).
The earlier you make your annual IRA contribution, the better. You can make a yearly Roth or traditional IRA contribution anytime between January 1 of the current year and April 15 of the next year.