The answer depends on a lot of variables.Will the money to pay the additional tax come form the IRA or savings outside the IRA? The real benefit of conversions comes if you use money outside the IRA to pay the taxes.How many years until you stat withdrawing the money? The Longer the time, the more sense it makes to convert.If we get a VAT and lower income tax rates as a compensation, then conversion is a disaster.There are lots of IRA conversions calculators on the web. I would use several and compare the resultsAnd of course as you pointed out, how many current deductions will you lose by being put into a higher bracket by doing the conversion.Who knows what congress will cook up over the next 10-20 years?
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