I’m converting to Roth in

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I’m converting to Roth in 2010 as well.

You can pull out of equities and keep in cash – as long as it stays in the account you can still covert.

Conversion is only smart if you pay the taxes from other sources of funds and not from the account. Otherwise, you are mathematically equivelant.

Better yet, you can convert in 2010 and pay 1/2 of the taxes in 2011 and 2012.