RetirementWhat is a Recharacterization and How Can You Benefit from It?

Did you accidentally make an IRA or Roth IRA contribution that you’re now regretting? Luckily, you’ve got options! A recharacterization, in the simplest of terms, is an “undo” that allows you to treat an IRA contribution as if it were a Roth contribution, and vice versa.

However, to execute a recharacterization correctly, you must ensure you meet the right deadline, understand your custodian’s policies, and more.

To learn how to properly recharacterize IRA/Roth contribution in 5 easy steps, click here.

Have more questions about your retirement accounts? Contact our office at  (425) 252-4032 to schedule a time for an appointment.




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