I've already screwed myself a bit as I have about 13k in a regular nondeductible IRA from the last two years, combined with 4k deductible contributions in an older IRA (from when I didn't make much money), so my re-characterization would result in a decent amount of taxable incomeReally? Assuming that you put $5,500/year in for the last 2 years - you've already paid taxes on $11,000 of the $15,000 - so the taxable part will be $4,000. While not a small amount, it seems a relatively small price to pay to have gains on $15k be tax free 10 or 15 years in the future.AJ
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