Now may be a good time to convert a traditional IRA to a Roth

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."

http://www.bankrate.com/calculators/retirement/convert-ira-roth-calculator.aspx