One upside of the current stock market slump is that now may be a good time to convert part or all of a traditional IRA to Roth IRA.
Check out Bankrate.com's "Convert IRA to Roth calculator"
"In 1997, the Roth IRA was introduced. Since then, many people have
converted all or a portion of their existing traditional IRAs to a Roth
IRAs, where interest earned may be completely tax-free. Is this a good
option? A conversion has advantages and disadvantages that should be
carefully considered before a decision is made. This convert IRA to Roth
calculator estimates the change in total net worth, at retirement, if
you convert a traditional IRA into a Roth IRA."