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Recharacterization
What does it mean?
The treatment of a contribution as being made to another type of IRA instead of the IRA that the contribution was initially made.
In Other Words...
For instance, an individual may make a participant contribution to a Traditional IRA, but may later recharacterize the contribution to a Roth IRA.
Roth IRA conversions can be reversed by means of a recharacterization, however, this movement of assets must include earnings (or losses).
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Related Terms
In-Service Withdrawal | IRA | IRA Adoption Agreement and Plan Document | IRA Conversion | Non-Qualified Distribution | Ordering Rules | Qualified Distribution | Reconversion | Required Minimum Distribution | Roth IRA | Spousal IRA | Triggering Event
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