Sunday, October 03, 2010

You can undo a Roth IRA conversion by Oct. 15, and some people benefit from doing so

The AARP has reminded members that Oct. 15 is the deadline for “undoing” a Roth IRA conversion (back to a traditional IRA), and some people may find it to their eventual tax advantage to do so, particularly with accounts that have lost value, or people finding themselves in lower tax brackets.

The AARP reran a Sept. 30 story in the New York Times by Jennifer Saranow Schultz, here.

Relatively few investors realize that such a reversal switch is possible.

The AARP site today seemed to show that it likes pro football.

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