The Upanishads state that Om is the primordial or the 'first' sound of the universe generated by the cosmic vibration that resulted in all creation (think Big Bang). It is the supreme absolute and runs through the prana.
When you recharacterize contributions, money goes from one IRA to another IRA as if you contributed to the other IRA in the first place. When you recharacterize a conversion, money goes from your Roth IRA back to a Traditional IRA, as if you didnât convert it.hen you recharacterize contributions, money goes from one IRA to another IRA as if you contributed to the other IRA in the first place. When you recharacterize a conversion, money goes from your Roth IRA back to a Traditional IRA, as if you didnât convert it.
If you recharacterize the 2009 contribution as a Roth contribution, you save $500 in taxes. Example: You contributed $5000 to a Roth IRA in April 2007 even though you were eligible for a deductible IRA. In October 2008, your Roth has lost 40% of its value.f you recharacterized a deductible IRA contribution as a Roth IRA contribution, you will owe extra tax. If you recharacterized a non-deductible IRA to a Roth IRA or vice versa, your tax owed will not change, but you still need to amend the return to correct your IRS Form 8606, Nondeductible IRAs.