It started in 1997, when Alain de Botton turned away from writing novels and instead wrote a touching extended essay titled How Proust Can Change Your Life, which became an unlikely blockbuster in the self-helpcategory.
A sample penalty schedule might look like: 1  11 month CDs or shorter charge three monthsâ worth of interest. 2  12 to 59 month CDs charge six monthsâ worth of interest. 3  60 month or longer CDs charge 12 monthsâ worth of interest.
Miss the deadline and any money not rolled over to a Roth IRA will be subject to a 10 percent early withdrawal penalty if you are younger than 59 Â½--on top of the income taxes will owe on the entire converted amount.