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Financial Planning / Tax Strategies


Subject:  Re: IncomeChanges/Roth IRA Date:  7/29/2002  2:34 AM
Author:  ptheland Number:  61030 of 127745

Can I take advantage of this window of time where I make $40K/year and where the market has plunged, and recharacterize my IRA as a Roth IRA... or will I be forced to recharacterize once again in 2 years when my income returns to 6 figures?

As long as you meet the income requirements in the year you convert your traditional IRA to a Roth, you aren't required to change back just because your income increases in a future year. So it sounds like you do indeed have a window of opportunity here.

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