IRA Recharacterizations: What You Can and Can't Do Now
Michael Kitces explains how the new tax law affects Roth contributions and conversions.
Michael Kitces is a partner and the director of wealth management for Pinnacle Advisory Group, co-founder of the XY Planning Network, and publisher of the continuing education blog for financial planners, Nerd's Eye View. You can follow him on Twitter at @MichaelKitces.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. As part of the recently enacted tax laws, investors converting traditional IRA assets to Roth lost a valuable escape hatch. Joining me via Skype to discuss the demise of recharacterizations is financial planning expert Michael Kitces.