Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
The issue is not whether it is a new or old TIRA. The question is the existing balance in TIRAs.

I have a rollover IRA with an existing balance, about $40K. I've had it long enough that I no longer remember where it came from, but probably a 401K plan from a former employer.

You can recharacterize a ROTH over contribution. It is no longer possible to recharacterize a ROTH conversion.

Sorry, but I don't understand that sentence. Can you put it more simply?
Print the post  


What was Your Dumbest Investment?
When Life Gives You Lemons
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?