You have a balance in your Traditional IRA of $100,000 which you expect to grow to $140,000 in the next 10 years. You had your 60^th birthday last week. You are considering the possibility of doing a Roth Conversion by withdrawing the entire $100,000 balance from the Traditional IRA, paying state and federal income taxes combined of 29%, and depositing the remaining $71,000 into a Roth IRA.

1. What annual rate of return would you have to earn on your ROTH IRA investment in order for 71,000 to grow to $140,000 in exactly 10 years?

2. List all other significant factors you should consider in deciding whether to make the Roth conversion?