I did a modest Roth conversion earlier this year after the market had dropped what I thought was a decent amount, in kind, shares for shares. Of course, because I did that, I am responsible for the current plunge. Is there any reason not to recharacterize it back to tIRA now, and then convert more shares for essentially the same tax bite? (Or even more shares if you think this is the bottom?) Taxes were paid at the time of conversion from after tax external funds.