October Financial Tasks

A timeline of monthly financial activities

There’s a lot to do in October, before the rush of holiday activities. Follow this guideline to stay on track with your monthly financial tasks.

The CSS/Financial Aid Profile application is available for applicants who are applying for non-federal financial aid (most deadlines are early to mid-February). You’ll need to create a CSS profile at cssprofile.collegeboard.org.

 

Original Medicare, Medicare Advantage, and Part D annual open enrollment begins October 15th and runs through December 7th.

 

If you converted a traditional IRA to a Roth IRA during the year and paid tax on the conversion, October 15th is the deadline for recharacterizing (undoing) the conversion.

 

Today is the deadline to establish a SIMPLE IRA.

 

Open enrollment season begins in October for certain employee benefit plans. Take time to consider how much to contribute to a flexible spending account (FSA) or Health Savings Account (HSA).

All tax return extensions are due October 15th.

 

October is also cybersecurity awareness month. It’s good to give passwords a checkup and make sure computer software has the latest security updates. Here are other ways to keep yourself safe.

 

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