Now that the stock market is down over 40% from its recent peak, now may be the time to consider converting some of your IRA account to a Roth. When the market recovers, no further taxes will ever be due on the Roth account. For example, say last year, your IRAs were worth $60,000 but is now worth $36,000. In the 25% bracket, it will cost you $9000. As the value of the account passes $60,000 again, this sum will avoid any further taxation. See Fairmark if you are not sure what tax bracket you are currently.