Is It Time to Convert?

[creditcardfree]

So, the market was down yesterday and looks to be down again today, based on the futures market. Should I convert our Roth's today? Has anyone read that markets may be correcting even more in the next few months?

I realize it is hard to "time" these things, but the less our accounts are the less I pay in taxes!

[Broken Arrow]

Yesterday's large sell-off was due to fears that some of the European countries may default on their sovereign debt. It was not a good day to be in the commodities market.

This morning's lagging futures is in anticipation of the latest job loss report. The report is shaping up to be not so bad, so futures are slowly climbing, and who knows, today's trading might even end up being in the positive territory.

Personally, I say not to worry about timing it too much. We're already in a 700 point dip right now, so if you have something to convert, now is as good of a time to do so as any.

If anything, I would say the tax implications is the bigger issue.

[creditcardfree]

Thanks, BA. Very helpful!