The article above has more in IRA conversion...

Including three whole paragraphs of twaddle at the end. When a financial writer refers to raising "red flags" at the IRS, even when valid, which this isn't, it raises my red flags about the writer.

The rest of the article is fine, and we discussed this strategy here when the law changed in 2010 (not recently, as the article says.) It has the usual, inevitable shortcuts and omissions that are necessary in such a piece, so I still recommend a thorough digestion of Pub 590 before acting.

Phil
Rule Your Retirement Home Fool