Wealthy Habitat

Words explained

recharacterization

Recharacterization is when you ask your financial institution to officially change a contribution you already made from one type of IRA to another type, essentially relabeling it under IRS rules.

A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.

Ask about recharacterization

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