Welcome FrugalBuff.
Yup, you are in a fantastic situation. Bad things can happen, but RecoveringCarClown is right, you have too many reasons for optimism to be worried about this. A few options you have:
- Roth conversion, which you already know about.
- pay the penalty..many worse things could happen.
- 72T distributions. The Millionaire Educator, and many others do this.
Also, even if bad things do happen legislation wise, there's still time and flexibility on our sides. Things don't just happen all at once over night. There would be time to prepare and make adjustments. And there will always be new opportunities in the future that we don't even know about yet, because they don't even exist yet. Or new laws that benefit us in other ways.
This website isn't mainly about getting rich. It's about understanding that by being frugal and building a stashe and always learning and by participating in an intelligent community, we'll always be ready for life's curves.
And for what it's worth, my wife and I are putting 72,000/year into tax deferred accounts each year. We will absolutely be retired before age 50 and are not nervous one bit about accessing our money at that time. If something weird happens, we'll figure it out a way to be on a beach sipping a cool drink together :)