It hit me a little late that I might consider doing this for 2020. I have the ability to manipulate my income and the timing is right for this. Also, with the passage that you can take up to $100,000 without the 10% penalty and pay the tax over 3 years, I have considered doing this and putting it into a Roth. I think the loophole will be closed on this one though. Some folks disagree that you can do this. I haven't read that closely on it but if it is allowed, expect that loophole to close.