I believe you are correct and need to recharacterize. I had to do that once a few years ago though I don't remember exactly why. All I did was called Vanguard and they took care of the whole process. It was no trouble at all. Call your IRA company and they should handle it for you.
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Steve
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
* The world is a book and those who don't travel read only one page.
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