Word: reconverted
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Dates: during 1998-1998
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...least 10 years, and can pay the tax without dipping into IRA funds, you should convert. By doing so before year-end, you get to spread the resulting tax bill over four years. If you've already converted and find that your stocks or funds have fallen in value, reconvert to cut your tax bill...
...high, why not do it again? You have to pay taxes on the value of your portfolio at the time of the big switch, so now that the Dow has gone south, it might be wise to roll back into a traditional tax-deferred IRA and then instantly reconvert into a tax-free Roth, potentially lightening your tax load come next April 15. But don't wait too long to roll over: the IRS could amend the rules this fall to restrict the tricky savings maneuver...