As a reminder, the deadline for completing your recharacterization is your tax filing due date. If you filed your tax return by the due date, or filed for an extension by the due date, you receive an automatic 6-month extension to complete the recharacterization. For calendar year tax filers, this extended deadline would be October 15.
 The deadline is extended to the next business day, if October 15 falls on a non-business day.
by Denise Appleby The IRS issued private letter ruling (PLR) 201437023, allowing an IRA custodian to treat IRA contributions as received ‘timely’, if instructions are submitted
The Retirement Dictionary was created to provide IRAs and employer retirement plan information in an easy-to-understand manner for individuals at all levels of expertise and to help educate everyone about how retirement plans work.