[prohornblower]

Not sure of all the inner workings of the conversion but IMO if you can pay the taxes now without noticing the hit, then I think it is good to go ahead and convert to Roth.

I will be leaving my job around next Febuary and will be converting like $15K...which will mean around $3K in taxes [img]/images/graemlins/ooo.gif[/img] But I can pay it and it would be nice to get an additional $15K into my Roth at such an early age.

Sorry I'm rambling, but I believe that if you do the Conversion in say 2008, you don't owe the taxes until April 2009, so you have time to save the $1K or so you'll need to pay.

I'd steer clear of ING and just send your money to a Vanguard Rollover IRA, then from there switch it to a Roth IRA and just throw it into Target Retirement 2045 Index fund or whatever.