I wasn't able to find an answer to my question via search engines and forum searches so I apologize if this is frequently asked.
I was wondering, if the Affordable Health Care stay the way it is where family's with very low earnings get some pretty neat benefits for healthcare, does the example below make sense:
say you are 60 you have a nice $2M in between your 401K and Taxable Account.
If I choose to not withdraw from my 401K and instead takes out $50K from your taxable account for the year, and lets say $10K of that is from Long term capital gains. My income for the year would only be $10K right? Because I have already paid taxes on the original $40K investment?
This would maximize my benefit towards affordable health care?
As a note I am only 27 I am just making sure I understand how all of this works still
, Affordable Health Care might not be around when I am 60.
Thanks for any guidance!