WrapManager's Wealth Management Blog
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Lord Abbett Dives Into the Roth Recharacterization Repeal in the New Tax Act

Posted by WrapManager's Investment Policy Committee

August 23, 2018

Recharacterization of Roth IRA conversions from traditional IRAs and 401(k)s has been repealed, but recharacterizing Roth contributions is still permitted.

When Congress passed the Tax Reform Act of 1997, what was originally referred to as “IRA Plus” became known as Roth IRA after its primary sponsor, Senator William Roth (Del.). Two decades later, Roth IRAs continue to grow in popularity and assets, especially with younger investors. More than 30% of Roth IRA investors are younger than 40, while cumulative assets have grown to more than $660 billion as of December 31, 2016 (latest available), according to the Investment Company Institute.

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Lord Abbett Company Llc Retirement Planning

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July 5, 2018
Planning for Retirement? Don't Overlook These Milestones With millions of Americans owning tax-advantaged retirement accounts, totaling $28 ... [+] Read More

Lord Abbett Shares More Tips on Trusts for IRA and 401(k) Holders - Part 2 of 2

June 14, 2018
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Lord Abbett Talks About Designating a Trust as an IRA Beneficiary - Part 1 of 2

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Lord Abbett Weighs in on Appreciating Net Unrealized Appreciation

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Tax Reform Favors Charitable Giving From IRAs Finds Lord Abbett

April 19, 2018
Qualified charitable distributions (QCD) are poised to become even more popular under the new tax law.  While the Tax Cuts and Jobs Act ... [+] Read More

Stock Market Volatility: Could These Be Future Considerations for Investors?

February 16, 2018
Money Managers continue to reflect on the market volatility from last week, lessons learned, and consider what's to come. This week's post ... [+] Read More

Money Manager Commentary: Why Was the Market So Volatile This Week?

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Money Managers have had plenty to say about the market volatility that started last week. That’s why this week we’re doing something ... [+] Read More

Lord Abbett Shares Year-End Retirement Checklist

December 7, 2017
Review your retirement plans to maximize potential savings for you and your family... Lord Abbett's 2017 Retirement Tips - Year End ... [+] Read More

Lord Abbett Explores Yield Curve Effect on US Stocks

November 23, 2017
In part one of a two-part Market View, Lord Abbett explored investor concerns about the ongoing flattening of the yield curve. A flat ... [+] Read More