contributed to rollover IRA instead of roth - can I change?

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dred pirate
Posts: 155
Joined: Tue Nov 27, 2018 11:46 am

contributed to rollover IRA instead of roth - can I change?

Post by dred pirate »

so I accidentally contributed $500 to my roll over IRA instead of my roth IRA on the vanguard website. Is there anyway that vanguard can re-direct this with minimal hassle? The rollover IRA is all pre-tax money from previous employers.

thanks
lakpr
Posts: 7659
Joined: Fri Mar 18, 2011 9:59 am

Re: contributed to rollover IRA instead of roth - can I change?

Post by lakpr »

dred pirate wrote: Thu Jun 10, 2021 12:02 pm so I accidentally contributed $500 to my roll over IRA instead of my roth IRA on the vanguard website. Is there anyway that vanguard can re-direct this with minimal hassle? The rollover IRA is all pre-tax money from previous employers.

thanks
Yes, ask them to "RECHARACTERIZE" the contribution to Roth, not do a Roth conversion. Use that word, they should know what to do.
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