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|Subject: Recharacterize Sharebuilder Roth IRA||Date: 11/21/2003 3:45 PM|
|Author: TheDreamer||Number: 37944 of 83142|
Not sure if I should post this to the sharebuilder forum or here...though there's more traffic here...
My situation is that I've been making regular monthly purchases into Sharebuilder for my ROTH IRA (and I only have a ROTH IRA account with them.) I have made $2500 in contributions so far this year.
But, then recently I decided to exercise my employee stock options to knock my credit card debt down by $20k....
However, this will likely put my AGI for the year at close to $105,000.
So this likely means I either need to remove or recharacterize my excess contributions....right?
Anybody know how to go about doing this with Sharebuilder?
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