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For tax year 2008 are you eligible to do a ROTH conversion?

Yep. We are well within that limit.

Given how late DH and I came to saving for retirement, I find it utterly charming that I can say "Ooops, I've misplaced 10K!" ;^)

This is a good time to make this mistake. I wanted to keep our TIRAs and Roths around 50/50 allocation and this will get us near there, especially since I will try to balance out the tax impact by putting all our 2008 contributions into our TIRAs.

Next year I get my MBA and maybe.... we wouldn't qualify then (fingers crossed)

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