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Author: 2old4bs Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120798  
Subject: Re: Roth recharacterization Date: 3/1/2001 1:25 PM
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Roth IRAs are only available to folks (single) earning under $110,000/annum. (Sorry, I don't know what the "married" max is.) Anyway, if you expect to make less than $110K and contribute to a Roth on that basis, and then you wind up making more, you have to "recharacterize" the Roth (because you're not allowed to have it). Get it?

For an example and more info, see below and other messages in same timeframe:

http://boards.fool.com/Message.asp?mid=14014382
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