401k to Roth conversion

[Hot dog]

So I am pretty sure, we have been fighting it, that I am going to lose my job in February next year and was reading something bout a rollover in 2010. Since my job will be gone, I can get to my money without having to pay a penalty. I will just have to pay taxes. Is it a good idea to do so? I already have the 5,000 to put in next yrs Roth. Is it still a $5000 minimum rollover. Should I put my current 5,000 in Roth for my husband and then put 5,000 from a rollover into mine or is the rollover above and beyond the 5,000 cause I have more than that in my 401k. Thanks hope you can understand all that.

[happygirl]

Good question. We have several small 401k's out there that we plan to roll into an IRA this year. I hope they can all be rolled into a ROTH in 2010.