What is an IRA recharacterization? - Yahoo Finance
IRA recharacterization is a strategy that changes the type of IRA for a specific contribution. Recharacterizing gives you the opportunity to change your mind or correct a mistake. However, there are deadlines and rules for recharacterizing IRA contributions. Rebecca Lake explains what is an IRA recharacterization, how to use it, and the pros and cons of changing IRA contributions. Read Ms. Lake’s article here…
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