Should I Convert my regular IRA to a Roth IRA? I know this question must have been asked before but I cannot read all these posts!For a quick overview of whether to use a Roth IRA, see:Roth IRA Rules of Thumbhttp://www.fairmark.com/rothira/thumb.htmThat page provides links to other pages providing more details on the various considerations.Can I take the conversion effective at the first of this year, or do I take the current value of my IRA as the basis for figuring the tax?No, you have to use the value as of the date of conversion.Should I wait for the market to pull back before conversion? If you sincerely believe you can predict a drop in the market, why is your IRA entirely in equities?Kaye Thomas, authorFairmark Press Tax Guide for Investorshttp://www.fairmark.com
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