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Correct me if I'm wrong, but I thought that the conversion had to be all within one year. (there was a 4 year conversion time, but that is now not available if it hasn't already been selected)
Am I totally off with this???

When the Roth IRA came about in 1998, people had the option to convert their entire amount, in 1998, and spread the tax over a four year span. That option is no longer available to investors.
Now, in essence to get the same type of tax benefit, a worldly fool can take "chunks" of their traditional IRA and put it into a Roth IRA over numeorus years, thus not having to pay taxes on it until it is converted. Of course, the accumulation of earnings in the traditional IRA will increase the end amount that will be taxed when converting to the Roth IRA.
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