Changing or recharacterizing a previous Traditional IRA contribution to a Roth IRA contribution often involves complex income calculations. In addition, specific tax rules apply when you convert your Traditional IRA to a Roth IRA.
Please contact an IRA Specialist at PenAir Credit Union for assistance with this process.
If you are considering a conversion, you’ll need to determine if a Roth IRA conversion makes sense for you. To help with your questions, refer to the links on the right side of this page.