Roth Recharacterization

If you converted an IRA or 401k to Roth you can recharacterize the account.  Roth Recharacterization is a process of reversing a conversion to Roth.  A Roth IRA or Roth 401k is a special retirement tool that allows the growth from your investments to be used without paying taxes.

Ed Slott is, per the Wall Street Journal, the nation’s best source for retirement advice.  Recently Ed was quoted in an article about keeping an eye on your retirement accounts during these volatile markets. You may read the entire article here.

Roth Recharacterization

The key point here is that you can perform Roth Recharacterization anytime after you convert to Roth but before October 15 of the year following your conversion.  You can even cherry pick assets.

Richard Loek is a member of Ed Slott’s Master Elite IRA Advisor group.  Rick has been training with Ed and his team since 2007.

If you would like to learn more about Roth conversion or recharacterization please call our office at 866-589-9366