In an editorial in the same journal, researchers describe how opioid painkillers like Vicodin and Percocet have become increasingly common without good evidence that they help patients in the long run.
One of the main reasons that people choose to recharacterize a Roth IRA back into a Traditional IRA is because their investments have suffered serious losses since their conversion. For example, if you have a Traditional IRA with a balance of $100,000 that you converted into a Roth IRA, you owe taxes on that conversion.here are several reasons that you may want or need to recharacterize an IRA contribution. Your contribution may benefit from a recharacterization if the value of your investments has declined since the time you made the conversation from Traditional IRA to a Roth.
We call this process recharacterization. A recharacterization is also used to un-do a conversion from a Traditional IRA to Roth IRA or vice versa. You may recharacterize an IRA contribution or conversion made for the prior year until your filing deadline (including extensions, but no later than October 15). Once the October 15 deadline passes, a recharacterization for a prior year contribution or conversion cannot be processed. If you are not eligible and need to remove a contribution after the recharacterization deadline has passed, you may need to remove the contribution as an excess contribution.