No. of Recommendations: 3
So you save income taxes doing it now.

Not necessarily. While I agree now is a good time for the conversion and having a mix of Roth and traditional IRAs is a good thing, myself and others have posted here that it's very easy to pay <u>more</u> in taxes by converting to a Roth if you're in a 25% or higher tax bracket.

One example, my parents currently pay zero federal income taxes due to nursing home costs. They could pull $10s of thousands out of an IRA before they hit the 25% tax bracket.

-murray
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