Roth Conversions

Since last fall, Roth IRA conversion enthusiasm has been high. However, over the last couple of months that enthusiasm has cooled off quite a bit because of weak market conditions. Despite the lull in the market (in fact, because of the lull in the market!), now more than ever is a good time for a person to look at converting to a Roth IRA, especially if one is optimistic about the market rebounding. Even if the market fails to rebound, a person can still “undo” (i.e. recharacterize) his/her conversion and generally be in no worse position than if no conversion was done at all.