All or at least 60% of my income would come from Taxable investments such as cash, VTI/VTSAX or VBTLX. The rest may come from part time work. The part time work would be less than the income level to get ACA subsidy. So if (i didn't know this) investment income/withdrawal is not considered income then I may qualify for subsidy.
Help make my investments more tax efficient
- Thread starter viking111
- Start date
All or at least 60% of my income would come from Taxable investments such as cash, VTI/VTSAX or VBTLX. The rest may come from part time work. The part time work would be less than the income level to get ACA subsidy. So if (i didn't know this) investment income/withdrawal is not considered income then I may qualify for subsidy.
pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Just be sure to differentiate between income and withdrawals. Your income will be taxable account investments interest, dividends, capital gain distributions and any capital gains from trading activities.... that is what counts for ACA subsidies.
So for example, if during the year you had $500k of cash that yielded 1% and you withdrew $100k on Dec 31, your income would only be $5k.
So for example, if during the year you had $500k of cash that yielded 1% and you withdrew $100k on Dec 31, your income would only be $5k.
