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[quote=Anonymous][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]
Thanks Freeman.  We're late 40's and have extra/available cash to pay any tax due upon conversion.  This IRA money would not be our main source of retirement funds.  I like the idea that we would not be required to withdraw $$ from the Roth at age 70, or ever (so it could pass with our estate).  We're in the highest tax bracket and probably will be for another 20 years.  What would you suggest regarding a Roth conversion?  [/quote]

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