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<<<Is there something I'm missing here. It seems from all this that I can convert my IRA to a Roth IRA now, and put off paying the tax burden till April 15 of next year.>>>

"Nope, you're not missing anything as long as you fit inside the safe harbor. You say you will, so if you wish to delay the tax payment, then you won't have to pay the penalty. I said you "may have to," not that you would. Just ensure you will indeed meet the requirements so you don't have to, and you'll have no problem."

Not wishing the worst on you, but a long stretch of unemployment, whether company initiated or resulting from accident or illness that keeps you from meeting the safe harbor.

Just thinking out loud. Regards, JAFO

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