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It all depends on what future you see for yourself. If you are a professional, likely to have a good pension when you retire and other assets, it is possible that you will wind up being taxed on your conventional IRA at the highest marginal tax rates. If that happens, you would probably be better off to convert while your tax rates are relatively low. But in other scenarios, it could be a toss-up.

If you paid the tax now, where would the $$ come from? Would you otherwise save those $$ and invest them? Or would you spend them?

Spreadsheet calculations are the best way to decide. You can use figures that apply specifically in your case.

Best of luck to you.
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