We did a lot of conversions from IRA's to Roth IRA's last year. I about fell over when I did our taxes. And after two weeks of back and forth with our financial advisor, it didn't get any better. The result of poor communication between the two of us.
Yikes...I struggled with looking into doing the same thing. When I ran the calculations for the conversion versus payback time to get my tax hit back, I could not justify doing the conversions. Its interesting how financial guys heavily encourage the conversions, but then again they are in a totally different income scale than guys like me.
