The Tax Code allows taxpayers who convert their traditional individual retirement accounts to Roth IRAs to recharacterize the assets back to traditional IRAs. Historically, these recharacterizations were thought of simply as a way to undo impermissible or unfavorable Roth IRA conversions. As we explain, however, they can also be a powerful proactive strategy for maximizing wealth in retirement.
ARTICLE ACCESS REQUIRED
Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).
If you are interested in unlimited article access for one year, please select Annual Subscription below.