STEP-BY-STEP GUIDE: Recharacterizing an IRA/Roth Contribution

Having second thoughts about your traditional or Roth IRA contribution? Maybe you had a surprise on your
income taxes, an unanticipated rise in expenses, or discovered that your traditional IRA contribution was not deductible. Regardless of the reason, if you change your mind, a recharacterization allows you to move your traditional IRA contribution to a Roth IRA or vice versa.

While this is a great way to fix any regrets, there are some particular rules you must follow, including guidelines on deadlines, transfers and custodians.

Our step-by-step guide to recharacterizing your traditional or Roth IRA contribution will guide you through the process to avoid making crucial mistakes.

Have more questions about your qualified retirement accounts? We are here to help! Give us a call at 516-294-5287 to schedule time to discuss further.

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