Sunraven, that's a great thing to do. Just keep in mind that earnings from funds/stocks that are recharacterized from an IRA to a ROTH need to be held for five years before they can be withdrawn w/o penalty. Always consult with a tax professional to be sure. It's a great strategy, and I've done it myself. The principle can be withdrawn but not the appreciation. We probably have a tax person on the board that may be able to affirm this. The bottom line is that I'd rather pay no tax at all, but tax on .002 is better than tax on $2.00!

GLTA!

jz