Fermion
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
As some of you who followed my biotech thread know, I had a pretty good year. Endocyte was bought out for $24 and I was still holding 6000 shares with a cost basis of $1.20 (at one point I had 40,000 shares and joked on here that we should take the company private by doing a group purchase since they had $3 per share in cash).
Anyway, that and some other trading (thanks Merck!) means that I kind of missed my ACA magi target of $23,000 income....by about $230,000.
Yeah, when all the dust settles, it looks like our MAGI will be a tad over $250,000. I know I will have to pay back the entire subsidy but since I made a early estimated tax payment and last year's tax was only $1000 I should not owe any penalty. I thought I was done with writing the government $50,000 checks though....
So I get my renewal letter for ACA plans for 2019 and I am approved for a silver subsidized plan again. In all honesty is there a reason why I should predict income any higher than the $23,000 I did in 2018? We have about $400,000 still in the taxable and I use a estimated blended return of 6% (I keep a lot of the money in low risk CD/saving account and generate the main return on a small portion invested in biotech).
I mean I am still going to try and make as much as I can in 2019 too but you have to predict the future here and I see through a glass darkly.
Anyway, that and some other trading (thanks Merck!) means that I kind of missed my ACA magi target of $23,000 income....by about $230,000.
Yeah, when all the dust settles, it looks like our MAGI will be a tad over $250,000. I know I will have to pay back the entire subsidy but since I made a early estimated tax payment and last year's tax was only $1000 I should not owe any penalty. I thought I was done with writing the government $50,000 checks though....
So I get my renewal letter for ACA plans for 2019 and I am approved for a silver subsidized plan again. In all honesty is there a reason why I should predict income any higher than the $23,000 I did in 2018? We have about $400,000 still in the taxable and I use a estimated blended return of 6% (I keep a lot of the money in low risk CD/saving account and generate the main return on a small portion invested in biotech).
I mean I am still going to try and make as much as I can in 2019 too but you have to predict the future here and I see through a glass darkly.