Author Topic: Need to recharacterize my 2016 IRA contributions... but to what?  (Read 594 times)

MsPeacock

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I contributed to my Roth IRA - but my income for 2016 exceeds the limits. I need to recharacterize the contributions and redirected the ones for this year. I have no idea where I should park the money, though... I keep my funds at Vanguard. Aside from a mix of IRAs, I have a target retirement fund in which I parked some other money. Do I put it there, or is there something else I should be considering.

Thanks!

MDM

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Re: Need to recharacterize my 2016 IRA contributions... but to what?
« Reply #1 on: February 14, 2017, 09:18:48 PM »
...I have a target retirement fund in which I parked some other money. Do I put it there
That could be reasonable.

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or is there something else I should be considering.
Maybe.

First, decide what you want for an overall Asset allocation, then determine your Tax-efficient fund placement.