[black_russian]

Thanks for the link. I need to do some more reading. Can I do this today? or just in 2010? ALso, my 401k cannot be converted to an IRA unless I quit my job. Maybe I will by 2010 but if not, I am out of luck it seems.

I noticed that the Roth changes are under a section called "Revenue Raisers" which I assume is for the IRS. This seems a little fishy to me becasue the government is basically taking income tax they would have gotten in the future today. Obviously this raises revenues in the short term but what happens when the people who take advantage of this retire? No income for the government. It just seems they are pushing a problem off to the future. IE they need revenue today so they will sacrifice revenues in the future to fix today's problem. They will also undoubtedly need revenues in the future also so they are just delaying the inevitable. They will most likely raise taxes which makes it more desireable to opt for the Roth option today. Sorry for the rambling...