Your client, Charley Long, age $40,$ has requested

your advice with respect to his IRA. He has a traditional IRA with a balance of $$250,000$ and his

current AGI is $$150,000.$ He expects his income

to increase slightly when he retires at age $65.$

Charley has been reading about Roth IRAs and

wants your advice as to whether he should rollover the $$250,000$ from his traditional IRA into a

Roth IRA. He has sufficient outside money to pay

any taxes due on the rollover. What advice would

you give Charley?

I:$7-35$ Sally, who is single and age $40,$ mad