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I've been recently married for the first time and my husband and I have been trying to put together a coordinated strategy for our retirement savings, including what to do with our respective retirement accounts. His story is a little wackier, but here's my question:

I was a corporate consultant for 3 years in my early 20's, so I had a respectable 401(k) balance. I also opened a Roth IRAs at the time. But since then I've left for a much lower-paying job working at a private school. I rolled my 401(k) into a Rollover IRA when I left, because there were ridiculous restrictions on the investments allowed while it was under my old employer's umbrella, and have been happy with its performance so far. I've also joined the 403(b) program at my school, and I max that out.

Husband has a Roth also, and we have decided to start maxing out our Roth contributions going forward, something we weren't really doing before. But I have another question - is it possible to convert my Rollover IRA into a Roth IRA, even though I already have one? And if so, should I?

It seems like I should, because our tax rate is pretty darn low right now, as I make under $50K and he gets an almost tax-free stipend as a PhD student. He is getting a medical degree at the same time, too, so eventually we won't be the frugal grad-student life-types we are now - maybe moving up a number of tax brackets throughout our lives. Maybe it's better to pay taxes now. And we're just under 30, and have a long time to save. But I'm not sure what criteria or rules of thumb I should be looking at. And am I missing something big about the tax code? I don't know much about taxes at all, mine are always so simple. Or retirement? Will tax rates *always* be lower during retirement?

Thanks for the help...(Chitown99)
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