Reconversion

What does it mean?
A conversion of assets that were already converted and recharacterized back to the Traditional IRA.

In Other Words...
Assets that were previously converted may be recharacterized to the Traditional IRA and can be once again converted to the Roth IRA.

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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 | Recharacterization | Required Minimum Distribution | Roth IRA | Spousal IRA | Triggering Event

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