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This is a pretty straightforward question, but i couldn't seem to find an answer to it, so:

What happens when your income, over time, exceeds the $95,000-$110,000 limit? do you need to re-characterize your Roth IRA? what does that entail and at what point do you need to do that?

for me i am still, graduating from college soon, but i would like to start an IRA account; I am just wondering about the possibility that my income will exceed the limit.
(I don't how much my income will be, but my area has a high cost of living so salaries around $100,000 are not uncommon.)
If there is a possibility that my income will someday exceed the upper limit, should i just open a normal IRA acct or should i just open a Roth IRA and switch later on, (are there penalties, etc.?) i'd prefer a Roth IRA, but if it's not worth it...

thanks for your time, and input!


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