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Can I recharacterize current year 401k contributions to Roth 401k contributions?
I am self-employed and have my own Individual 401k and Individual Roth 401k accounts.
I have been contributing to my Individual 401k throughout the year. Is it possible to recharacterize (or rollover, convert, move, whatever the terminology is) some of my contributions to the 401k over to Roth 401k contributions, either (1) before the end of the year, or (2) before filing taxes next year?
I'm not talking about the entire 401k account, only some contributions from this year.
Thank you
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‎November 4, 2022
3:08 AM