Will have 2 daughters going to college in 2016. I've been ER now for 5 years and as of 2 years ago started withdrawing funds from my IRA's for income.
But as this is considered income, I was thinking perhaps I should take money from my ROTH or non-IRA pots instead to reduce my reported W-2 income in order to qualify for more financial aide.
I'm torn though as I would like to conserve my ROTH and draw down my tRIA so that I don't get killed with RMD taxes at 70.
So which poison would get me the most likely benifits?
But as this is considered income, I was thinking perhaps I should take money from my ROTH or non-IRA pots instead to reduce my reported W-2 income in order to qualify for more financial aide.
I'm torn though as I would like to conserve my ROTH and draw down my tRIA so that I don't get killed with RMD taxes at 70.
So which poison would get me the most likely benifits?