Sage wrote back with the following instructions, in case anyone else needs them. It also works for the 4550
Retrieve Conversion:
Your reel has been set at the factory for left-hand retrieve. To convert your reel to right-hand retrieve, follow these steps:
1. Remove the spool as described above. 2. Position the reel so that the drag gear is facing you. 3. Remove the drag gear by putting the tips of your index
and 2nd finger of both hands behind the drag gear and lifting the gear towards you. The gear can also be removed by placing a small coin underneath the gear and pressing down on the outer edge of the coin. Note position of the clutch bearing inside.
4. Turn the reel over and tap the case. The clutch bearing will slide out.
5. To change the direction to right-hand retrieve, replace the clutch bearing on the shaft with the bearing number up.
6. Replace drag gear by aligning with the clutch bearing, push and snap into position.
:-D