[quote=waiting for bottom]Starting in 2010, everyone is basically eligible for the Roth. You have to contribute to a traditional, but can transfer to Roth at any time.[/quote]

Sort of…

While you can convert traditional IRA contributions to a ROTH with no income limits you will have to pay taxes if you have other existing IRAs. The conversion from a traditional to a Roth requires that you consider ALL of your IRAs in computing any tax that might be due.

So, if you have 95K in a rollover IRA for example and you want to contribute $5K to a traditional IRA in 2010 and convert to a ROTH, you pay tax on 95% of your conversion.

This is not exactly the same as being eligible to contribute to a Roth.