Thanks for the replies! The contributing and converting the following day makes sense.
To clarify, Vanguard provided the amount I contributed to the Roth IRA as well as the gain. I did ask them to recharacterize to a new traditional IRA that I opened the same day and I didn't have any other non-Roth IRAs.
Is it okay if the amount went into the Traditional IRA under VTSAX and not the Money Market Fund?
To clarify, Vanguard provided the amount I contributed to the Roth IRA as well as the gain. I did ask them to recharacterize to a new traditional IRA that I opened the same day and I didn't have any other non-Roth IRAs.
Is it okay if the amount went into the Traditional IRA under VTSAX and not the Money Market Fund?
Statistics: Posted by cyuen74 — Fri May 31, 2024 7:55 pm — Replies 4 — Views 318