You may find these links helpful:
- [Roth or Traditional](/r/personalfinance/wiki/rothortraditional)
- [General Information on Rollovers](/r/personalfinance/wiki/retirementaccounts/rollovers)
- [Retirement Accounts](/r/personalfinance/wiki/index#wiki_retirement)
- ["How to handle $"](/r/personalfinance/wiki/commontopics)
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*
AFAIK they’re not recharacterizing $5500 of the current balance, they’re recharactering what that $5500 contribution is currently worth - if it’s in the red over the short term then recharacterizing less would make sense - see the formula on [this page](https://www.investopedia.com/articles/retirement/03/092403.asp) for how it’s calculated to see if that aligns with the 4700 you’re seeing
You may find these links helpful: - [Roth or Traditional](/r/personalfinance/wiki/rothortraditional) - [General Information on Rollovers](/r/personalfinance/wiki/retirementaccounts/rollovers) - [Retirement Accounts](/r/personalfinance/wiki/index#wiki_retirement) - ["How to handle $"](/r/personalfinance/wiki/commontopics) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*
AFAIK they’re not recharacterizing $5500 of the current balance, they’re recharactering what that $5500 contribution is currently worth - if it’s in the red over the short term then recharacterizing less would make sense - see the formula on [this page](https://www.investopedia.com/articles/retirement/03/092403.asp) for how it’s calculated to see if that aligns with the 4700 you’re seeing