might want to consider changing to the Roth. You will need to do your research first and make sure it is right for you. You can make deposits that are not tax deductible. Your money can be withdrawn after 5 years without paying any taxes. You can also leave your money in the plan for as long as you want.You need to look at the tax you would have to pay if you move from a regular IRA to a Roth account. In 2010 you can spread the tax over two years.
You need to determine the tax bracket you are in when you decide to retire. You should look at the difference in keeping your money in a regular IRA or moving it to the new account. It would be best if you can leave the money in a Roth for 10 years or more.
You would need to look at what the tax amount would be today compared to ten years from now.You
will need to pay a conversion tax if you decide to move your money but you will save a great deal in the long run. You need to look at how does this fit into my overall retirement plan.
What you need to ask yourself is how many years will it be until I decide to start taking the money out. The more years you leave the money in the account the more it will build up. You can also leave the money in the Roth for your children or someone else. There are no mandatory payment requirements.