Saving for Retirement

 

What's a Roth recharacterization?

October 18, 2013
 
 

Learn how you can convert or recharacterize your Roth IRA

If you converted a traditional IRA to a Roth IRA this year and are having regrets because of the tax implications, all is not lost. The IRS allows you to "take a Mulligan" or convert your Roth IRA back to a traditional IRA. Maria Bruno and Joel Dickson of Vanguard's Investment Strategy Group explain how the process works.

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Important information

  • All investing is subject to risk, including the possible loss of the money you invest.
  • Withdrawals from a Roth IRA are tax free if you are over age 59½ and have held the account for at least five years; withdrawals taken prior to age 59½ or five years may be subject to ordinary income tax or a 10% federal penalty tax, or both.
  • This webcast is for educational purposes only. We recommend that you consult a tax or financial advisor about your individual situation.

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