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You didn't mention your age, marginal tax bracket or how long the funds will be in the Roth.

I have taught several seminars on these things and have recently converted a sizeable amount. (I'm retired at age 52).With the market being down and up, I'm almost back to my conversion amount in January.....but I will always think LONG-TERM.

I'm assuming you have a long time until you need the funds, so I would convert in a heartbeat. Also fund the maximum each year. (If there is limited cash, I would fund the 401-K to the employer match and put the rest in the Roth (up to the limit.)

Having been in the tax business for 30 years, this is one of the few things that Washington gave us that is actually a good value.

Pay the tax and good luck.

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