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[quote=Freeman]As the PP noted, it only makes sense if it will save you money. You'll pay a large amount in taxes, based on your current tax rates, if you do the conversion now. If you are only a few years from retirement, then it likely won't make sense. After retirement, you'll likely be paying a much lower tax rate, so the tax gains after retirement would not be enough to recover the conversion cost. If you still have a long time to retirement, then a lack of funds for the upfront cost is generally the only reason not to do it. We converted our accounts a few years back, when you could split the costs over a two year period, but unfortunately, that option isn't available now.[/quote]
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