Tag: recharacterize

  • Effects of the TCJA on Roth IRA Conversions

    Effects of the TCJA on Roth IRA Conversions

    Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover you would have been better off if you hadn’t converted it? Before the Tax Cuts…