Setup:- Married filing jointly- Both covered by retirement plans at work (maxed out) and AGI above limits- I have 1 IRA, 1 SEP-IRA (both completely pretax) and 1 Roth IRA- Wife has 1 IRA (completely pretax)I thought there was a AGI limit for Roth conversions, but it looks like that was canceled in 2010. We haven't made any contributions for 2011 or 2012 yet. Can we each contribute $10,000 to a nondeductible IRA (5K for 2011, 5K for 2012) and then turn around and convert all of those to Roth IRAs? That seems like it skirts the AGI limits placed on Roth IRAs, but I can't find any evidence that it is not allowed.I would probably also convert our regular IRAs, but I'd like to keep my SEP-IRA the way it is. Is that OK?Thanks in advance,Vinod
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