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Yes. I believe that it would be worth the Rollover to a Roth. But, can you afford it. If you can't save enough in one year to pay the taxes, I would question whither you could do it at this time. Maybe only rollover the amount that you could afford to pay the taxes on. Put all these questions into your spreadsheet. Then you could answer your own question.

What ever you do, don't use the money in the IRA to pay the taxes when you rollover.

One other thing, leave the IRA alone. Start a new Roth IRA. The proceeds of the Roth will only be drawn at 59 1/2 tax-free. The traditional IRA could be what you use for early retirement.
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