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Some more information on our situation. I have roughly 5K in a deductible traditional IRA. I believe my wife has about 3K in a deductible IRA. Her pension has not yet been put into any type of IRA. Last year we paid a federal income tax rate of 21.25% on our taxable income. We are planning on together putting $4K annually in our IRA's. I am 40, my wife is 37.

If it is not advisable to convert a deductible IRA into a ROTH, is it still advisable to open a new IRA as a ROTH?


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