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Roth conversion round 2
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PRNDL
Posted 1/30/2019 22:26 (#7286373 - in reply to #7286327)
Subject: RE: Roth conversion round 2


Texas & western Iowa
No personal experience with this, but my understanding is that people often use/need a recharacterization when attempting to maximize their tax efficiency. Probably people with large traditional IRAs trying to lower their RMDs before they reach retirement.

They'll estimate a conversion of traditional to Roth up to a particular tax bracket. Say 15%. If they overshoot, they can recharacterize the excess back to traditional within a particular amount of time, and avoid the much larger tax hit on the excess.

I haven't heard why it was repealed. Maybe just the complexity of it all.

Edited by PRNDL 1/30/2019 23:04
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