Client Access  |  Careers & Advisory Teams
November 3, 2023

2023 Year-End Deadlines 

Financial Planning Committee

To help ensure year-end strategies and appropriate paperwork are processed in time, please note the upcoming Charles Schwab & Co., Inc. deadlines below.

  • Required Minimum Distributions:
    • Distributions requiring signed paperwork should be submitted by December 1st to allow time for processing before year end.
    • All distributions must be cleared/posted to accounts by December 29th.
  • Roth IRA Conversions: December 1st
  • Establishing a 2023 Qualified Retirement Plan (QRP): Plan sponsor’s tax filing deadline, plus extensions.
  • Qualified Charitable Distribution (QCD): Checks issued from an IRA account for a QCD that clear (cashed by recipient) by December 29th will be reported on the 1099-R tax form for 2023.
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Charitable gift deadlines:

  • Gift requests of mutual funds: December 5th
  • Gift requests between accounts custodied at Schwab: December 27th
  • Gift requests of cash delivered via check and/or federal funds wire: December 27th
  • Gift requests of equities and fixed-income products to external accounts: December 15th
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For those who have an American Endowment Foundation (AEF) donor advised fund:

  • Opening a new donor advised account: December 15th
  • Funding an existing account:
    • Using cash:
      • Via Check: must be postmarked via USPS by December 31st
      • Via Wire or ACH: must be received by December 29th
    • Additions of public securities: must post to account prior to December 29th
    • Additions using alternative assets: Please consult with your JNBA Advisory Team
  • Grant deadline via DonorCentral:
    • For accounts established and funded before November 2023: December 20th
    • For new accounts established and funded in November 2023: Grants will be processed in January 2024
    • For new accounts established and funded in December 2023: Grants will be processed in January 2024
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For those who have a Schwab Charitable donor advised fund:

  • Opening a new donor advised account: December 15th
  • Funding an existing account:
    • Using cash:
      • Via Check: must be postmarked via USPS by December 31st
      • Via Wire or ACH: must be received by December 29th
    • Additions of public securities: must post to account prior to December 29th
    • Additions using alternative assets: Please consult with your JNBA Advisory Team
  • Grant deadlines:
    • For grants to be processed by year-end, grant recommendations should be received by November 28. For efficient grantmaking, consider scheduling online now as a one-time or recurring grant.

If you have any questions on these upcoming deadlines, including how they may affect your specific tax planning or gifting planning strategies, please reach out to your JNBA Advisory Team at your earliest convenience.

JNBA is not an accountant and no portion of the above should be construed as accounting advice. All accounting issues should be addressed with an accounting professional of your choosing.

Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from JNBA Financial Advisors, LLC.

Please see important disclosure information at www.jnba.com/disclosure

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