No matter what, while taxes are "on sale", everyone should consider a "Roth conversion" based on your own personal situation.
Pay the taxes today, to have your money grow and compound tax free for the rest of your life. My general rule of thumb is do as much as possible UP TO the max dollars in the 24% marginal tax bracket.
Married filing joint, you can go all the way UP to $326,600. Remember, the 22% and 24% brackets replaced the 25% bracket that will come back into play, and 12% replaced the 15% bracket.
Please look at the following tax bracket chart and then tell me WHO got a tax break. These brackets go back into effect in 2025. Only difference in the amounts from 2018 is the total dollars are higher as indexed for inflation.
In addition, when they do ultimately raise the SS tax up to 100% of income when you get to retirement AND they have to create an excise tax of some sort to means test SS, to save it, you won't have to worry about those dollars.
Ask yourself the question, "Will taxes be higher or lower in the future"? And "Can i pay the tax due from my non-ira accounts"?
I can tell you this, the absolute MYTH that you will spend less money in retirement and thus be in a lower tax bracket is just not reality anymore.
At least 8 out of 10 of my retirees spend as much or more in retirement, especially with entitled children and grand children these days.
Plus, when you have a ROTH IRA it is NOT SUBJECT TO RMD'S at age 72 and gives you so much more flexibility and tax diversification.
Ask yourself this question as taxes defer, with the IRS as you partner in your 401k's and IRA's, "What will tax rates be when i turn age 72 AND/OR when i actually need to start pulling $$ out for retirement"?
Who knows right?
Finally, you can always use the "back door Roth" if it does make sense for you.
There are GREAT calculators out there that can guide you on how to do it and what decisions to make and the compounded effect that those decisions have over decades.