Deadline Nears for Reversing Your 2015 Roth IRA Conversion
Consider these money-smart reasons to undo a move into a Roth IRA.
Few times in life do you get a do-over. But with a Roth IRA conversion, you get a chance to rewrite history. It's not an unlimited opportunity: You have until mid-October of the year following the conversion to reverse it. For a 2015 conversion, the deadline is this coming October 17. It's an amazing tool that people often overlook, says Mike Piershale, president of Piershale Financial Group, in Crystal Lake, Ill.