Let’s say an individual who is going to be age 76 this year has an IRA that was worth $100,000 on 12/31/09, and he wants to convert half to a Roth IRA. We know that his $4,545 RMD ($100,000 -:- 22.0) can not be converted, but does that amount have to come out first, before he converts? And can he convert $50,000 and later take the RMD from the remaining $50,000?