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posted Dec 7, 2019 6:28:44 AM

Roth 401k to traditional 401k

I started contributing to a Roth 401k this year. I just realized that because of my income it would be better to contribute to a traditional 401k as my income in retirement would be lower. Can I recharacterize my Roth 401k to a traditional 401k within the same year? If I can, will I still see the tax benefit of contributing to a traditional 401k?

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1 Replies
Level 15
Dec 7, 2019 6:47:14 AM

No.  Contributions to a Roth 401(k) can never be recharacterized to be traditional 401(k) elective deferrals.