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December 7, 2019
Question

Roth 401k to traditional 401k

  • December 7, 2019
  • 1 reply
  • 0 views

I started contributing to a Roth 401k this year. I just realized that because of my income it would be better to contribute to a traditional 401k as my income in retirement would be lower. Can I recharacterize my Roth 401k to a traditional 401k within the same year? If I can, will I still see the tax benefit of contributing to a traditional 401k?

    1 reply

    Employee
    December 7, 2019

    No.  Contributions to a Roth 401(k) can never be recharacterized to be traditional 401(k) elective deferrals.