Posts Tagged ‘IRA’

Recharacterization Deadline for Roth IRAs is October 17th

Tuesday, October 11th, 2011

Many individuals converted their traditional IRA to a Roth IRA in 2010. It seemed like a great idea but then the stock market went down. Now, some of these individuals owe tax on money they no longer have.

You can actually get a do-over: You can reverse (recharacterize) your Roth back to a traditional IRA. The Smart Money blog has more.

Hat Tip: Roth Tax Updates