Remember life before the “undo” key on your keyboard? Depending on your age, you may recall the circular pink typewriter eraser attached to a brush so you could sweep off the rubber dust. Or the next-generation blotchy white liquid applied with a brush. In any case, making the work in progress typo-less left it tattered. “Undo” has made life easier and neater.
The Roth IRA Connection
The rules for converting a traditional IRA to a Roth IRA include the equivalent of your keyboard’s undo key — a clause that allows the IRA owner to recharacterize, or undo, a conversion to a Roth IRA. It, too, can make life easier when it comes to tax and retirement planning. Read more about the Roth IRA connection and recharacterizing a Roth conversion here.
Thomas Rowley is Invesco’s Director of Retirement Business Strategy.
Invesco Distributors, Inc. 10/15
