No. of Recommendations: 1
You are correct to consider converting the traditional IRA funds to a Roth while stock prices are down. We all hope for recovery in prices one of these days. For you, that recovery and future growth are all tax free in the Roth. So you save income taxes doing it now.

But do keep an eye on your tax bracket as you do the conversion. Modest sized account should be no problem, but a large one can still push you into a higher tax bracket where it can still get expensive. Then a series of partial conversions over several years might be preferable, but that then has to be balanced against prospects for recovery in the shorter term. Not an easy choice to make.

I'm not sure what you mean by more flexibility in investment options with the Roth. Perhaps you should elaborate. I should think that would be true only if you change custodians. Usually anything you can do in a Roth, you can also do in a traditional IRA.
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