If you’ve changed your mind about your 2016 Roth conversion for any reason, you can still “undo” it with a Roth recharacterization. You’ll need to move quickly, though, as the deadline for recharacterizing 2016 conversions is fast approaching.
Roth recharacterizations provide investors with a “do-over” option, which isn’t common in the tax world. Before making any big decisions, it’s important to understand the specific rules you must follow, including guidelines on deadlines, transfers, and custodians, to execute a Roth recharacterization properly.
Avoid making critical mistakes. Click here to download “Recharacterizing a Roth Conversion in 5 Easy Steps.”
Have more questions about your qualified retirement accounts? We are here to help! Give us a call at 703-466-0477 to schedule a meeting.
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