regarding the comment about, "not taking out taxes" when doing a Traditional to ROTH IRA conversion.... Taking taxes out of the Traditional IRA defeats the purpose of doing the conversion, because not all proceeds will then be in a ROTH account.
Example, converting $10,000 to a ROTH IRA. I take out 10% in taxes, leaving a $9,000 ROTH conversion, along with having $1,000 less in the ROTH IRA for investing purposes. It's best to reconcile the tax withholding (i.e. check to IRS) from one's checking or savings account.
