Thank you for the suggestion on the back door Roth contribution. I found the back door Roth is not attractive for us as 95% or so of the funds in my traditional IRA are from deductible contributions. So if I use the back door the $7,000 into my Roth IRA I will wind up paying regular income tax again on all but $350 of the contribution/Roth conversion. So it seems to me the back door is really not attractive given our situation. I would rather just use the $7,000 to pay the tax on a larger Roth conversion. Or is there something I am not understanding about how the back door works?
