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Author: JoshRandall Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Reversing a Roth IRA Conversion Date: 6/11/2009 10:15 PM
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http://online.wsj.com/article/SB124467488780103961.html

When it comes to retirement planning, it's easy to make mistakes. If you converted a traditional individual retirement account into a Roth IRA last year before the stock-market free fall, for instance, you may be especially forlorn -- most likely your Roth IRA is now worth considerably less than it was on the conversion date. Even worse: You're stuck paying 2008 taxes on phantom value that no longer exists.

Thankfully, you can reverse that ill-advised Roth conversion. In fact, you can make it so it's like the conversion never happened, and as a result, that inflated conversion tax bill will also disappear.
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