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Mea culpa. You are correct, of course regarding tax consequences of Roth conversion money making a difference in 99/00/01 as well as 1998. I got confused (hey, it was 1:30AM!) over another Roth-related money issue, namely the 100K AGI limit for eligibility to convert during a given year. Once you satisfy the 100K restriction for '98 then your income for the next 3 years IS irrelevant BUT only with regard to the eligibility question. The IRS WILL kick you into a new & higher tax bracket in a heartbeat if your crystal ball is foggy and you make too much money to stay in the 15% bracket in '99/00/01. For more info, pls see which is a *GREAT* website devoted to the Roth IRA (Thanks, KAT in Chicagoland!)

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