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Old 06-17-2017, 08:46 PM   #21
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Join Date: Jan 2006
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Originally Posted by REWahoo View Post
If I had some idea of where that link led I might click on it. Since it's naked, I'm afraid of what I might see.
Popping up on it I at least see that the URL points to gocurrycracker who writes retirement articles.

But yeah - scarily naked with a link name that easily sounds like a site that could have all sorts of malware ready to bite you.
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Old 06-18-2017, 05:03 AM   #22
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Join Date: Mar 2015
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Thank you for all the responses
To answer a few of your questions, I am 42, wife 41, daughter 8. We will be eligible for SS if it still exists 25 years later, no pension. And yes I do have a SEP IRA that I will be converting every year to roth up to 15% or even 25%. After putting my numbers in the online calculator you guys are right it's 0 in tax liabilities as I made a mistake previously to put 2 on personal exemption instead of 3. I will buy a health insurance HSA compatible in the market exchange. TX is one of cheaper states when it comes to healthcare insurance. If I retire today it will cost me $942 for the family. And out of pocket max $6500 per person, but caps at $13100 for the family. This is for a bronze metal plan. So it will cost me around 12k in a good year, and 24k in a bad year for healthcare. My concern is also if I convert my SEP IRA to roth up to 25% of my tax bracket, my qualified dividends will be taxed at 15% instead of 0%.
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Old 06-18-2017, 05:15 AM   #23
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One thing to keep in mind on conversions is that once your breach the $75,900 top of the 15% tax bracket ($100,750 of income assuming MFJ, standard deduction and 3 exemptions) you will pay 30% on any additional conversions f Hor a while (15% on the increase in ordinary income and 15% on qualified income above the top of the 15% tax bracket). However, you can easily recharacterize any excess when you finalize your tax return to avoid that 30% tax.
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