In the Business Section of the September 10, 1998 LA Times, there was an article that an investor can undo and redo a conversion from a Traditional IRA to a Roth IRA multiple times. The article encourages investors to undo and redo their conversion if they did it earlier in the year to take advantage of the down market and thus have a lower tax penalty.Is this true? I thought once you do the conversion; you're stuck with the Roth IRA. If you can do the conversion, what is the process to undo and redo the conversion?
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