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Thanks guys.

We are under 50.

Yes there are existing funds in the IRAs, but they are so small that I plan to convert it all to the Roth. (Shame on me, but I haven't donated to them since.) I haven't yet looked up my basis on them. The only money currently in them is what I had to rechar back to the IRAs way back when Congress let us convert and spread the tax over four years, but I got snagged by income limits and had a hell of a time finding anybody who knew anything about recharacterizing. And naturally, there were some months that passed and the the tech bubble burst and the Schwab guys thought I was pulling some scam on them to avoid paying taxes on the full conversion amount.

That's when I learnt that you'd better dern well know your tax sitch-ee-ashun before you go an' do sumptin stupid.
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