I'm single, 32 years old, no dependents. I have $6,000 in a standard IRA.
Income this year (including dividends from mutual funds and interest) will be $25,000. Next year, my income will be $200,000 (and will remain this way for the forseeable future).
Is it pretty much a no brainer to convert the entire IRA to a Roth? I do have the cash on hand to pay the taxes on the conversion.