Autumn has already been an eventful season for Provident and it's safe to say our company has remained busy building on becoming the best company for your needs. Many important dates are approaching in October (such as sending in your 2015 RMD requests.) Just to be safe, make sure you check out our Provident Reminders section to ensure you're aware of the deadlines drawing near.
With Thanksgiving coming around the corner, we want to express our "Attitude of Gratitude" by reminding everyone that we are grateful for you trusting us to be your custodian. Thank you for giving us the opportunity to serve you. Everyone at Provident Trust Group hopes you have a wonderful fall season!
PROVIDENT REMINDERS
Employee Word to the Wise
In-Kind RMDs
"It's that time of year again! If you plan on taking an 'in-kind' Required Minimum Distribution, you must have your RMD request submitted to us by October 31st to guarantee processing."
Emily Belanger, Funding Desk, Provident Trust Group
Office Closures
We will be closed on the following days:
Nevada Day Friday, October 30
Veterans Day Wednesday, November 11
Thanksgiving Thursday & Friday, November 26 & 27
Mailing Reminder
2015 FMV Notice
As your custodian, Provident is required to disclose to the IRS the Fair Market Value of assets for year-end reporting as of December 31st. Please look out for our 2015 FMV notice which will be mailed out to IRA account owners this fall.
Rethinking your Rollover?
October 15 is the last day for you to recharacterize a Roth IRA conversion for the prior year.
Unwanted or Excess Contributions?
October 15 is the last day to remove excess IRA contributions for the prior tax year.
AROUND THE INDUSTRY
The Purpose of IRS Form 5498
Learn more about the purpose of IRS Form 5498 and understand how it may be helpful to you when completing your tax return.
When trying to formulate your retirement plan, you'll find yourself asking a ton of questions.
Do I have enough saved? What will my expenses look like? How much debt do I have? This article will give you questions to consider asking yourself to help better prepare for your retirement.
Need a quick way to explain the basics of self-directed IRAs to all your family and friends? Use Provident's educational video, "What is a Self-Directed IRA?" to help them learn more!
Clients frequently ask: Do I need a custodian for my self-directed Solo 401(k) plan? We'll give you reasons why you would need a custodian like Provident!
The information provided herein is for educational and informational purposes only, and should not be construed as any investment, financial, legal, or tax advice. Additionally, the information contained herein does not constitute an offer by Provident Trust Group to invest or to provide management/advisory services or a recommendation to enter into any securities transactions or investment strategies, and is subject to correction, completion and amendment without notice.
